Mortgage Lenders in Plano, TX

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Mortgage Lenders in Plano, Texas

If you’re looking for mortgage lenders in Plano, Texas, Rock Mortgage can help. We work with homebuyers throughout Plano and the surrounding areas, providing tailored mortgages to help them move into the homes of their dreams.

Housing Market in Plano, Texas

Just 20 miles north of Dallas, Plano offers convenient access to all the highlights of the city while still providing its own unique culture and amenities. Once a small farming community, Plano has grown rapidly to include over 284,000 residents and more than 10,000 businesses. At Rock Mortgage, we keep a finger on the pulse of the Plano market so we can always offer meaningful insights about the current situation.

When considering a move to the Grand Prairie area, you may want to consider facts such as:

  • According to Redfin, Plano home prices were up 4.7% in December 2022 over the prior year.
  • The median list price for a home in Plano was $540,000 in December 2022, according to Realtor. This equates to about $216 per square foot.
  • Realtor reportsthat Plano homes stay on the market for 51 days on average. This indicates an increase over the last year. Plano has a seller’s market with more people looking to buy than homes available.
  • The average Plano home sells for about 2% less than the listing price in Plano, while hot homes sell for about 1% below the listing price, according to Redfin. Homes may get multiple offers.

Find Out What Our Plano, TX, Clients Have To Say About Our First Time Buyers Loan Programs

FAQ for First Time Home Buyers in Houston | Rock Mortgage

Hottest Plano, Texas, Neighborhoods

Plano is a desirable community for families. The area has an above-average public school system as well as 46 private and charter schools to choose from. Legacy West is an expansive open-air development with an abundance of dining and shopping. You’ll enjoy these perks anywhere in the city, but individual neighborhoods can offer extra amenities. Lakeside on Preston provides residents with a 15-acre park and five lakes. If you’re looking for luxury homes, Normandy Estates offers gorgeous properties as well as a fishing lake and bike trails. Whiffletree offers more affordable homes with easy access to local entertainment.

Top Plano neighborhoods to consider include:

  • Lakeside on Preston.
  • Willow Bend.
  • Whiffletree.
  • Kings Gate.
  • Normandy Estates.
  • Kings Ridge.
  • Avignon Windhaven.
FAQ for First Time Home Buyers in Houston | Rock Mortgage

About Rock Mortgage

Founded by two skilled financial professionals, Rock Mortgage strives to provide local Plano homebuyers with expert advice and outstanding personal service throughout the loan process. We operate with the utmost honesty and integrity, understanding that this is one of the biggest and most important purchases you will likely make. We can give you the resources you need for a smooth experience from application to closing.

What Is a Mortgage Loan?

A mortgage is a specialized loan that you can use for a piece of real estate such as your primary residence, vacation home, or land on which you can build a home. Loans typically span 30 years. Each month, you’ll make a loan payment on the principal of the loan as well as the interest. You can opt for a fixed-rate loan with stable interest or an adjustable-rate loan with interest that changes over time. Most borrowers prefer the stability of a fixed-rate loan.

We can help you explore several different loan options, including:

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How Do You Qualify for a Mortgage Loan?

To qualify for a mortgage, you must submit detailed financial documents and give your lender permission to pull your credit report. You will likely need to provide your pay stubs or tax returns, bank statements, and other financial statements. This gives your lender a thorough understanding of what you can afford, so you’ll get a loan that’s appropriate to your financial situation.

Why Work With a Mortgage Lender in Plano, Texas?

Working with a local mortgage lender like Rock Mortgage gives you an advantage in the Plano, Texas, housing market. A local lender can offer insightful information on the state of the market and help you find the best time to buy. A Plano mortgage provider can also help connect you with real estate agents in the area. 

Our team at Rock Mortgage takes the time to form relationships with each client so we can provide the solutions that you need to get into a great home at a price point that fits your budget.

FHA Loan Houston - Rock Mortgage

A Mortgage Can Be Used for More Than Buying Your First Home

You do not necessarily have to buy an existing home to get a mortgage. For example, there are also loan products available to fund the purchase of land and the construction of your own custom home.

You May Qualify for First Time Home Buyer Benefits Even if You Have Owned a Home Before

The U.S. Department of Housing and Urban Development sets several conditions for first-time buyer status. If you meet any of the requirements, you qualify for benefits even if you have owned a home before. For example, if you have owned a home before but your spouse has not, or you have only owned a home with a spouse from whom you are now divorced. You may also qualify for first-time home buyer advantages if you have not owned a principal residence for the past three years.

Our goal at Rock Mortgage is to make the process of purchasing a home as stress-free as possible through constant communication and a customer-first approach. It is our privilege to help you finance the purchase of your first home. Contact us to start your application.

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