Trusted Texas Mortgage Broker Offering True Wholesale Rates Without Retail Markup.
20+ Yrs Experience | Serving Texas | Local in DFW
Trusted Texas Mortgage Broker Offering True Wholesale Rates Without Retail Markup.
20+ Yrs Experience | Serving Texas | Local in DFW
Competitive Home Lending has access to current mortgage rates from the best mortgage lenders. As a Texas mortgage broker, we shop for the best mortgage rate for our clients. We are local to the Allen, Plano and McKinney area.
Our low mortgage rates keep mortgage payments affordable and can give you more homebuying power. Avoid retail mortgage rates from a large mortgage company and get the most out of your mortgage loan with a wholesale mortgage rate.
Competitive Home Lending partners with many of the nation’s best mortgage lenders such as Rocket Mortgage, UWM, Fairway Mortgage, etc. to offer below-market mortgage rates. Homebuyers in Allen, Plano, McKinney, Frisco, and surrounding areas get direct access to wholesale mortgage rates and avoid unnecessary closing cost fees from working with a larger mortgage company.
Save the most on your mortgage loan when you choose Competitive Home Lending as your local Allen mortgage broker.
Competitive Home Lending’s Director of Operations has more than a decade of experience in loan processing and mortgage loan compliance.
Our company's mortgage broker is licensed in Texas, has over two decades of banking and mortgage experience, a B.S. in Management and Finance, and a Master of Science in Management. Clients won't have to sacrifice experience to get a low home loan rate in the Allen, Plano, McKinney or surrounding areas.
Get high-level mortgage lender expertise without paying loan officer commission fees that can add thousands to your mortgage loan. Local mortgage company in Allen, TX.
A mortgage broker is an independent mortgage company with access to mortgage loans from the best mortgage lenders, and have the authorization to offer mortgage rates from major mortgage lenders such as Rocket Mortgage, UWM, etc. but at a wholesale price and with a local broker helping the Allen, Plano, McKinney and surrounding areas.
Get the best mortgage loan at a wholesale mortgage rate! Low mortgage rates, less fees, local broker - Call us today!
Mortgage brokers can offer the same home loans that a large retail mortgage company offers but with lower mortgage rates and lower fees!
Access to the best mortgage lenders improves the likeliness of a mortgage loan approval. Allen, Plano, and McKinney residents can save thousands in interest. Apply Now!
One mortgage loan application is compatible with every mortgage lender partner. This lets borrowers shop for the best mortgage loan without multiple credit inquires that can affect a credit score.
The mortgage loan process is fast and simple with your local Allen mortgage broker.
We will get your home loan approved and closed in record time! And, we're local to the Allen, Plano, McKinney area. Apply Now!
The first step in choosing a local mortgage broker is understanding how a specific mortgage company operates. Brokers are independent mortgage companies, and a consumer must feel confident with the loan officer they choose. A national registry of all loan officers is available for consumers to access through the National Mortgage Licensing System Consumer Access page.
Here are some qualifying questions to ask a mortgage broker:
Verify your loan officer's experience on the NMLS Consumer Access registry.
There are three major advantages to working with a mortgage broker. They include rate, fees, and qualification criteria. Most consumers ask about rate when inquiring with a mortgage company about mortgage loans, but data from Fannie Mae indicates that less than 1/3rd of consumers actually shop more than one company when choosing a mortgage lender.
Mortgage brokers have access to wholesale mortgage rates from any retail lender that offers a third-party origination (TPO) agreement. Furthermore, because mortgage brokers can have multiple TPO relationships, shopping different lenders can be done with one mortgage broker inquiry instead of a consumer having to call many direct lenders to shop for the best rate.
Compared to direct lenders, mortgage brokers often have a lower cost of operating and are able to reflect the lower costs through lower origination fees. In most cases a mortgage broker does not charge an origination fee.
Lastly, mortgage brokers are able to match potential mortgage applicants with a compatible lender. Direct lenders can have specific qualification overlays that can disqualify an otherwise qualified borrower. Examples are minimum credit score requirements, property types, loan size, or loan type such as renovation or construction loans.
Mortgage brokers are companies with authorization to promote direct mortgage lender products. A broker is responsible for marketing loan products from the best mortgage companies directly to consumers, processing loan applications, and ensuring proper compliance procedures. Fees for the service are usually paid to the broker by the direct lender as predetermined in the TPO contract. A broker has the option of charging a consumer a predetermined origination fee agreed upon by the broker and borrower. However, a broker can only be paid by the lender or consumer and cannot be paid by both parties on a single loan transaction.
The most important factor to look for in a mortgage is affordability. A consumer should have a solid understanding of the mortgage loan programs available to them, and save more by working with a local mortgage company. It is the responsibility of the mortgage loan officer of the retail mortgage lender or wholesale mortgage broker to explain different home loan options, mortgage rates, estimated monthly payment, and funds needed for down payment and closing costs to ensure the consumer feels comfortable and confident with the mortgage loan. It is possible for consumers to get a loan worksheet or summary of the home loan programs available prior to committing to a credit report inquiry.
Learn more about finding the best mortgage company: How to Choose a Mortgage Lender
Local Mortgage Broker with Lower Mortgage Rates for Home Loans in Allen, Plano, McKinney and surrounding areas. Located in Allen, Texas.
450 Century Parkway, Ste.250, Allen, Texas 75013, United States
Open today | 08:15 am – 06:45 pm |
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20+ Yrs Experience | Serving Texas | Local in DFW
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