American Mortgage® Corporation
The Reason We Get Recommended is…. We try our hardest to get you approved. No matter what your situation is, we can help.
Mortgage Lenders in Dallas
In terms of population, Dallas is the ninth-most populated city in the United States and the third-most populous city in Texas, behind the cities of Houston and San Antonio. Defense, financial sectors, information and technology, telecoms, and transportation are among the most important sectors of the city’s dynamic economy. The city of Dallas has hundreds of mortgage lenders, financial institutions, credit unions, and savings entities as a result of its extensive and thriving industry. These institutions are particularly well-suited for families who are planning a move to the city and who would like to acquire real estate property through the use of home loans or mortgages.
Mortgage lenders in Dallas provide a diverse selection of home loans intended to meet the needs and preferences of prospective borrowers in the city. Conventional fixed-rate mortgages, adjustable-rate mortgages (ARMs), Federal Housing Administration (FHA) loans, the VLB Veterans Housing Assistance Loan Program and Jumbo mortgages are some of the mortgage options offered in Dallas.
- Fixed-Rate Mortgages: These types of mortgages have borrowing rates that remain constant for the duration of the loan.
- Adjustable-Rate Mortgages (ARMs): These have lending rates that can fluctuate over time, resulting in larger monthly payments in the future.
- FHA Loan: This is a government-backed mortgage insured by the Federal Housing Administration (FHA) and granted by a bank or other qualified lender.
- VA Loans: The VLB Veterans Housing Assistance Loan Program was established to assist Texas veterans in acquiring a home by providing them with an attractive, low-interest loan with little or no down payment.
- Jumbo Mortgage: This is a type of financing that goes over and above the boundaries imposed by the Federal Housing Finance Agency (FHFA). A jumbo mortgage in the Dallas-Fort Worth region is identified as any loan amount greater than $647,200.
Buying a Home in Dallas
Residences in Dallas, Texas, can be sold on the market for as much as $18.9 million. The typical home type available in the city varies from single-family homes, multi-family complexes, townhomes, condominiums, and apartments, which can cater to a broad market of prospective homebuyers in the area. Most residences can offer expansive floor plans as vast as 25,200 sq. ft., depending on the property type and lot size. With a wide internal living space, homes in Dallas are often equipped with three to ten bedrooms and three to fifteen bathrooms on average.
Aim for an experienced lender who will meet your needs at every level of the process and who will also provide you with adequate guidance on how to be accepted for mortgage loans in Dallas right away. Our dedicated team of experts can provide you with excellent services that will help you with everything you need regarding home loans or mortgages in the thriving city of Dallas.
The Best Mortgage Lenders in Dallas, Texas
- We offer Direct Lending Services for various loan types with competitive rates and low fees.
- Find a Loan that Matches Your Needs. From Conventional Loans, VA Loans, FHA Loans, to USDA Loans, American Mortgage has you covered.
- Find out How Much you can get from your Mortgage with our No-Commitment Loan Estimate.
- Responsive Customer Service with Extensive Experience in the Texas Lending Market.
- Timely Service. Get Approved Fast and have your needs funded As Soon As Possible.
Our Popular Home Loan Programs
Buying a New Home?
- Relatively easy to acquire
- Become the legal owner of your home
- Mortgage rates are lower than a personal loan
- Flexible repayment schedules
- Helps improve your credit score
Advantages of FHA Mortgages
- Easier application process
- A more lenient loan option for those with low to mid credit scores
- Lower down payments starting at 3%
- Option of adding a co-borrower on the loan
Advantages of VA Loans
- Excellent rates for qualified veterans
- No downpayment required
- Government guarantee with no insurance premiums needed
- Lower overall closing costs for the buyer
Advantages of Conventional Loans
- Perfect for those who can't make a large upfront downpayment
- Competitive rates as low as 3%
- Usually preferred loan type by sellers looking at competing offers
- Less stringent appraisal process
Advantages of Adjustable-Rate Mortgage Loans
- Less risky than loans with higher rates
- Perfect if you plan to refinance or move out of the home in the future
- Lower payments in the early term
- Allows you to get more expensive loans than what you can get normally
Advantages of Balloon Mortgage Loans
- Lower interest rates than most other loan types
- Lower monthly mortgage payments
- Lets you qualify for larger loan amounts
- Perfect if you lack capital for your initial payments
Advantages of Construction Financing Loans
- Loan type perfect for subcontractors of hired for large building projects
- Allows builders to get funds for resources needed to build homes
- Perfect for property owners planning big renovations
- Lower interest rates and longer repayment periods
Advantages of Fixed Mortgage Loans
- A secure loan type perfect for buyers who want to avoid significant changes in their rates and repayments
- Easy to plan for your monthly repayments
- Perfect for buyers looking for a long-term home
- Lower overall lifetime payments
Advantages of Foreign National & ITIN Loans
- Ideal loan option for foreign nationals
- Relatively easy application process
- Allows you to build up your credit score
- 30-year home loan options provide long-term payment plans for non-American homebuyers
Advantages of Hard Money Loans
- Easy to process loans that are quicker than traditional bank loans
- Flexible rates and fees allowing buyers to adjust as needed
- Perfect for home flippers looking to get funding for their project
Advantages of Interest-only Mortgage Loans
- Low repayments during the interest-only term
- Gives you access to larger loan amounts and better home purchases
- Gives you the option to pay for the equity once you're financially ready
Advantages of Self-Employed Loans
- New loan type perfect for freelancers and self-employed individuals
- Provides business owners easy access to capital without having to sell shares
- Easier to process than traditional business loans
Advantages of Reverse Mortgage Loans
- Ideal for retirees planning to finance their home
- Quickly liquidate the equity you have on your property to cash
- Provides ample options for your heirs
- You're protected if your loan balance exceeds the value of your home
Advantages of Jumbo Loans
- Ideal loan type for buyers that need to go over traditional FHA loan limits
- Perfect for buyers targeting large plots of land or luxury homes
- Also great for investors looking to purchase a multi-family rental property
- Consolidated loan structure
Advantages of USDA Loans
- Allows you to finance the entire amount of your home purchase
- Perfect loan type for low to moderate income buyers
- Provides low mortgage rates and insurance premiums
- Possible financial assistance on closing costs
Getting a Home Mortgage in Texas
Mortgages are loans designed to allow buyers to borrow money to purchase a home. In Texas, mortgages or a deed of trust is a legal agreement between you and a lender giving them the right to take your property if you fail to repay the money you borrowed, including interest to purchase a property.
Loan Agreements in Texas are typically comprised of two documents. The first is a promissory note that details the repayment terms that the buyer agrees to pay out for a certain period of time. The second document is a collateral agreement that provides authority for the lender to take ownership of the property should the buyer breach its terms. Terms that you should consider when signing these documents include the terms of repayment, the marital status of the borrower, the collateral stated in the agreement, any exemptions statuses, and filing requirements of the security.
The American Mortgage Corporation is here to help you with all of your loan application and processing needs. Should you have questions regarding filing a home mortgage in Texas, please don’t hesitate to reach out to us. We’ll be glad to answer all of your questions and help get you your dream home today!
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