Mortgage Broker in Dallas, TX - More Options, Better Rates

It depends on the loan type. FHA requires 3.5% down, which is about $14,385 on the median-priced $411,000 home. Conventional starts at 3% down, or roughly $12,330. VA requires zero down. And with TSAHC's grant programs, some buyers can cover most or all of their down payment with assistance.

The 2026 FHA loan limit for Dallas County is $563,500 for a single-family home. That covers the vast majority of properties in the city. Homes above that price will need conventional or jumbo financing.

The 2026 conforming loan limit for Dallas County is $832,750 for a single-family home. Every Texas county has the same conforming limit since none qualify as high-cost areas. Most Dallas homes fall well within this limit.

Yes. Texas has constitutional protections around home equity lending (Article XVI, Section 50). The rules include an 80% loan-to-value cap on home equity loans, specific closing requirements, and a 12-day waiting period. These rules are meant to protect homeowners, but they mean the process works a little differently than in other states. I know the requirements and work within them regularly.

Several strong ones: TSAHC Home Sweet Texas (up to 5% DPA as a grant), TSAHC Homes for Texas Heroes (same DPA for public servants and veterans), TDHCA My First Texas Home (below-market rate + DPA), the Mortgage Credit Certificate (annual tax credit), and lender-specific DPA programs I access through wholesale channels. Multiple programs can often be stacked together.

A bank sells its own products at its own rates. A broker like me shops your file across 150+ wholesale lenders to find the best combination of rate, fees, and program for your situation. Different lenders have different guidelines, different pricing, and different specialty products. A bank gives you one option. I give you the best option from dozens. And the lender pays my fee at closing, so there's no extra cost to you.

That depends on your income, debts, and down payment. But here's a frame of reference: the median home in Dallas is around $411,000. With 5% down, that's $20,550. With FHA at 3.5%, it's about $14,385. TSAHC can cover up to 5% of the loan amount in grant money. Keep in mind Texas has no state income tax, which helps your take-home pay, but property taxes average around 2-2.5%, which affects your monthly payment. I can run your exact numbers in a quick call.

Plan for roughly 2-5% of the purchase price. On a $411,000 home, that's about $8,200 to $20,550. Texas closing costs include lender fees, title insurance (which is regulated by the state), escrow fees, prepaid property taxes, and homeowner's insurance. Because I work with 150+ lenders, I can often find options with lender credits that offset a portion of those costs. And TSAHC's DPA can sometimes be applied to closing costs as well.

Yes. Banks tend to struggle with self-employed borrowers because they want clean W-2 income. I work with lenders that offer bank statement loan programs using 12-24 months of deposits instead of tax returns. There are also asset depletion programs for borrowers with strong savings. Dallas has a growing entrepreneurial and small business community, and I work with these buyers regularly.

It's been more common recently as prices have softened in some areas. Your options are: renegotiate the purchase price with the seller, cover the gap between appraised value and purchase price in cash, challenge the appraisal with better comparable sales, or walk away if your contract allows it. In the current Dallas market where homes are selling below list price, you may have more room to negotiate. I've helped clients through all of these scenarios. ---