Financing Your Home

Mortgage Rates

Understanding current mortgage rates is crucial when planning your home purchase. Rates change frequently, so we recommend connecting with a qualified lender for personalized rate quotes.

Fixed-Rate Mortgages

Your interest rate stays the same for the life of the loan. The most popular option, offering predictable monthly payments. Available in 15-year and 30-year terms.

Best for: Buyers planning to stay in their home long-term.

Adjustable-Rate Mortgages (ARM)

Starts with a lower rate that adjusts periodically after an initial fixed period (typically 5 or 7 years). Can offer savings if you plan to move or refinance.

Best for: Buyers planning to sell or refinance within 5-7 years.

FHA Loans

Government-backed loans with lower down payment requirements (as low as 3.5%) and more flexible credit qualifications. Great for first-time buyers.

Best for: First-time buyers or those with lower credit scores.

VA Loans

Available to eligible veterans, active-duty service members, and surviving spouses. Offers zero down payment and no private mortgage insurance (PMI).

Best for: Veterans and active military with eligible service.

Tips for Getting the Best Rate

1

Improve Your Credit Score

Higher credit scores typically qualify for lower rates. Pay down debt and avoid opening new credit accounts before applying.

2

Save for a Larger Down Payment

A down payment of 20% or more eliminates PMI and often qualifies you for better rates.

3

Shop Multiple Lenders

Rates and fees vary between lenders. Get quotes from at least 3 lenders to compare. We can recommend trusted local lenders.

4

Consider Points

Paying discount points upfront can lower your rate. This makes sense if you plan to stay in the home for several years.

Need a Lender Recommendation?

We work with trusted lenders who offer competitive rates for Fort Worth buyers.

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