Mortgage Lenders in Fort Worth, TX
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About Rock Mortgage in Fort Worth
Rock Mortgage is your dependable mortgage lender for purchasing and refinancing loans in Fort Worth, Texas, and the surrounding areas. As Texas’ fifth largest city, with over 900,000 residents, Fort Worth combines its oil and cattle history with the amenities of a metropolitan city. Fort Worth boasts a diverse and Wild West-inspired community beloved by residents and visitors alike, making it one of America’s fastest-growing and safest cities. As your local Tarrant County mortgage lenders in Fort Worth, TX, Rock Mortgage specializes in helping homeowners and new buyers in Fort Worth and the surrounding areas.
Why Use Rock Mortgage in Fort Worth
Frequently voted as one of the best cities to live for families and young professionals, Fort Worth, Texas, combines access to the bustling transportation and manufacturing hub, quiet residential enclaves, and gorgeous outdoor attractions. If you’re interested in purchasing a home in Fort Worth, Texas, consider the mortgage company known for building community connections for more than 20 years. Widely known for its customer-first approach, on-time closings, constant communication, and innovative support programs for clients, Rock Mortgage is your Fort Worth mortgage lender.
Find Out What Our Fort Worth, TX Clients Have To Say About Our First Time Buyers Loan Programs
Home Loans in Fort Worth
While purchasing your home can be a joyous occasion, it can also be a complicated and stressful one when trying to navigate the home financing process. Offering a wide range of mortgage options and the assistance of a trusted advisor, Rock Mortgage makes it easy to find the right home loan for your needs. We even have nontraditional loan programs if you have faced credit challenges or other factors that make it difficult to qualify for conventional financing. Our loan products include:
- FHA loans: Low interest and low down payment loans backed by the federal government. These loans are available for both first-time homebuyers and those who have purchased in the past.
- VA loans: Loans available to qualifying veterans, service members, and their families. These loans offer zero down payment.
- Conventional loans: The most common type of loan with down payments as low as 3%. Although these loans meet certain government lending standards and limitations, they are not usually backed by any government agency.
- Jumbo loans: Conventional loans that exceed the allowable limit of $647,200 (for 2022). These loans are used to purchase large homes or homes costing more than $1 million.
- Traditional and cash-out refinance loans: These loans are available when you lower your interest rate and take advantage of your home’s equity.
Our loan specialists will work with you to find the best home mortgage for your needs.
The Federal Housing Administration was created by the National Housing Act in the early 20th century in an effort to address mortgage loan defaults occurring among property owners located across the U.S. during the Great Depression. Although an FHA loan is backed by insurance, it is issued by a private lender, such as Rock Mortgage.
Buyers who meet the FHA loan eligibility requirements must pay at least 3.5% of the total amount financed as a down payment. First-time buyers and lower-income buyers can often benefit from an FHA loan, as long as the property they plan to purchase qualifies for this type of loan.
The lending limit changes regularly, but the current limit (as of 2020) is $510,400 for most areas. In areas or neighborhoods where home costs are generally higher, the 2020 limit is $765,600. Most of the housing markets fall under the standard limit, although an experienced lending professional could help determine under which limit a home you’re considering would fall. If you want to purchase a home that exceeds the limit, Rock Mortgage can help you determine whether a jumbo loan would be the right fit.
Veterans and service members can claim this type of loan, as can some military spouses. A VA loan offers more benefits than most other loan types, so those who qualify can take advantage of these benefits. Homebuyers can often get lower interest rates and qualify for loans more easily than they would with another type of home loan. Additionally, a VA loan doesn’t always require the buyer to put anything down or pay for private mortgage insurance, which can put homeownership within reach for lower-income buyers or those who have a smaller budget for the monthly payment.
Texas Cash-Out Refinance Loans
Refinancing a mortgage loan allows a property owner to take a percentage of the difference between the current home value and the remaining loan value in cash. Under state law, the percentage is up to 80% of the equity in the home. Obtaining a Texas cash-out refinance loan is often one of the fastest ways to get cash, as well as one of the cheapest when it comes to the repayment of interest.
This loan type differs from a traditional refinancing loan in that it allows the property owner to get cash, rather than simply negotiating a lower interest rate on the loan. The cash that comes from this type of loan can be used for a variety of purposes, including making improvements to the home or catering to the personal needs of the property owner.
Housing Market in Fort Worth
As local experts on housing throughout Texas, including Fort Worth, we’re ready to partner with you to finance your perfect home. Homebuyers love their easy access to quality schools, expanding green space, and a variety of entertainment, culinary, and cultural options. Whether you’re looking for affordability, convenience, or a view that leaves you speechless, Fort Worth has everything you need to call the city home.
The Rock Mortgage team’s extensive knowledge about the Fort Worth housing market will walk you through the entire financing process so you’ll know what to expect during your search and as you negotiate the price of your purchase. These are some key facts to consider when shopping for a home in Fort Worth, Texas:
- It is currently a seller’s market, with more buyers than homes available.
- Home prices are up 27% compared to last year, with the median price of $392,739.
- The average Fort Worth home sells after 14 days on the market compared to last year.
- Many homes get multiple competitive offers and sell at about 9% above the asking price.
Hottest Fort Worth Neighborhoods
Fort Worth, Texas, is a city with dozens of distinct neighborhoods and suburbs, each with its own history and charm. The most expensive neighborhood is Monticello, with a median listing home price of $650,000. Historic Southside is the most affordable neighborhood, with a median listing home price of $230,000.
Based on the number of homes for sale and rent, the length of time homes are on the market, and the growth in housing appreciation, Realtor.com identified the following neighborhoods as Fort Worth’s hottest neighborhoods for homebuyers, along with their ZIP codes:
- Summerfields: 76137.
- Park Glen: 76137.
- Arlington Heights: 76107.
- Downtown Fort Worth: 76102.
- Ridglea Hills: 76116.
- Garden Acres: 76140.
Visit Rock Mortgage Today
Rock Mortgage is happy to help you finance your home in the Dallas-Fort Worth metro area. With offices conveniently located near both the Katy Freeway and the Houston Tollway, we are dedicated to providing you with outstanding customer service, competitive rates, and knowledgeable mortgage lenders in Fort Worth, TX. Call us at 832-230-3067 or contact us online today to schedule your conversation with our expert Mortgage lenders in Fort Worth, TX.