Mortgage Lenders in Grand Prairie, Texas

Get your new home loan quote in minutes:

97.9% Customer Recommendation Rating!

Mortgage Lenders in Houston, TX

About Rock Mortgage in Grand Prairie, Texas

If you’re looking for mortgage lenders in the Grand Prairie, Texas, area, our team at Rock Mortgage can help. We provide a variety of mortgage solutions and work closely with each family to help them find the right financial solution for their needs.

Housing Market in Grand Prairie, Texas

At Rock Mortgage, we focus on providing residential mortgages for Texas residents. We pride ourselves on being experts on the local housing market in Grand Prairie and the surrounding areas. Grand Prairie offers a pleasant suburban environment that’s conveniently situated less than 20 minutes from Dallas. Most residents in the community own their own homes. 

Find Out What Our Montgomery County Clients Have To Say About Our First Time Buyers Loan Programs

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

  • As of December 2022, home prices in Grand Prairie were up 9.2% over 2021, according to Redfin data.
  • Redfin reported that in December 2022, 105 homes sold in Grand Prairie, compared to 178 homes at the same time last year.
  • In December 2022, the median list price for a home in Grand Prairie was $360,000 according to Realtor.
  • Redfin assessed the housing market in Grand Prairie as somewhat competitive, with homes getting an offer in 30 days for about 1% below their list price on average. Especially desirable homes sell in as little as 15 days.
  • Rocket Homes indicates that the median price for Grand Prairie homes remained steady from November 2022 to December 2022, while the median price for homes in Mansfield increased 1.3% and average home prices in Midlothian went up 2.6%.

The Hottest Grand Prairie, Texas, Neighborhoods

Grand Prairie is highly desirable for families thanks to its highly rated schools and abundance of parks. You’ll have access to these perks anywhere in Grand Prairie. The individual neighborhoods here offer additional amenities that may make certain areas more desirable for you than others. Highland Park’s proximity to Dallas makes it a prime choice if you want a short commute to the city, while Southlake offers outstanding walkability and especially low crime. Foodies may prefer Colleyville for its great restaurants. 

The most popular neighborhoods in Grand Prairie include:

    • Highland Park.
    • University Park.
    • Southlake.
    • Highland.
    • Coppell.
    • Colleyville.
    • Trophy Club.
    • Keller.
First Time Home Buyers Houston - Rock Mortgage

About Rock Mortgage

Rock Mortgage strives to provide attentive service and personalized solutions to Grand Prairie, Texas, borrowers. Two skilled financial professionals founded Rock Mortgage with the goal of offering mortgage solutions with the highest degree of honesty and integrity. We’ll walk you through the complexities of securing a home loan and help streamline this part of getting you into a great home.

What Is a Mortgage Loan?

A mortgage is a loan that’s used to purchase a piece of property. This may be your primary home, second home, an empty lot for building your own home, or another type of real estate. Your mortgage comes with a set term over which you’ll pay back the funds along with interest. You can explore loan options of varying terms with different interest rates to find the option that provides the lowest overall cost as well as manageable monthly payments. 

Loans with a fixed rate will have the same interest rate throughout the life of the loan. You can also opt for an adjustable-rate loan. With an adjustable-rate loan, your interest will fluctuate. Fixed-rate loans are typically the better option as they offer more stability and predictability.

Some loan options you may explore include:

VA Loans
Home Loan

How Do You Qualify for a Mortgage Loan?

To qualify for a mortgage loan, you must submit detailed financial information to a lender. The requirements for eligibility vary by the lender as well as by the loan program. You will typically need to prove that you have a steady source of income either via pay stubs or tax returns. You will also need to provide your bank and financial statements so the lender can get an in-depth look at your financial situation.

Your lender will also need to pull your credit report and evaluate your credit score. If your credit score is too low, you can increase it by paying off outstanding debt and keeping up with on-time payments for all of your loans. 

Why Work With a Mortgage Lender in Grand Prairie, Texas?

Having a dedicated mortgage lender streamlines the loan process when you’re purchasing a home in Grand Prairie. It’s best to work with a local lender who has in-depth knowledge of the area that you’re shopping in. This type of lender can help connect you with great real estate agents and provide handy local expertise to help you find the right home and secure an appropriate loan.