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Best TDHCA Mortgage Lenders of 2018

Oct. 19, 2018
Finding the Right Mortgage, Mortgages
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.
NerdWallet offers financial tools and advice to help you understand your options and make the best possible decisions. The guidance we offer and information we provide are deeply researched, objective and independent. We spent over 400 hours reviewing the top mortgage lenders before selecting the best for our readers.

Texas residents who want to buy their first homes can get help from the Texas Department of Housing and Community Affairs, or TDHCA. The state’s My First Texas Home loan program includes down payment and closing cost assistance.

The program’s low-interest rate loans are offered through a network of participating lenders. These are among the best, as determined by NerdWallet research.

» MORE: Explore TDHCA first-time home buyer programs

Best TDHCA mortgage lenders for customer service

These lenders emphasize the human touch and strive to make the loan process go smoothly.

4.5 NerdWallet rating
  • Has 180 affiliated loan stores nationwide for borrowers who prefer to speak face to face.
  • Offers a wide range of mortgage options, including FHA, VA and USDA loans.
  • Low volume of customer complaints.
  • LoanDepot review.
4.0 NerdWallet rating
  • Offers closing-cost credits to qualified low- to moderate-income borrowers.
  • Has a low incidence of consumer complaints.
  • Headquartered in Texas.
  • PrimeLending review.

 

Best TDHCA mortgage lenders for an online experience

Customers of these lenders may start the loan process and upload documents using a mobile app.

 

4.0 NerdWallet rating
  • Seeks to serve customers with nontraditional credit, employment and income sources.
  • Begin the loan application within the Pronto app and upload documents electronically.
  • Has a Spanish-language version of its website.
  • Alterra Home Loans review.
4.0 NerdWallet rating

 

Best TDHCA mortgage lenders for government loans

These lenders welcome borrowers who want low-down-payment mortgages backed by the FHA and VA.

Guild Mortgage
3.5 NerdWallet rating
  • Specializes in first-time home buyers and state housing agencies.
  • Emphasizes FHA and VA lending.
  • Services the loans it originates to maintain relationships with its borrowers.
  • Guild Mortgage review.
3.5 NerdWallet rating
  • Extensive educational material available on the Homebridge website.
  • Minimum credit score of 550 for government-backed loans.
  • Costco members may qualify for discounts on loan origination fees.
  • Homebridge Financial Services review.

 

More TDHCA participating mortgage lenders

The following are some of the highest-volume lenders that participate in TDHCA first-time home buyer programs. They have not been reviewed by NerdWallet.

  • Website has calculators, answers to FAQs and a mortgage glossary.
  • Offers FHA, VA and USDA loans.
  • National lender headquartered in Texas.
  • More than 25 locations in Texas.
  • Prequalification can be started online.
  • Website includes calculators, FAQs and a mortgage glossary.

 

  • Offers FHA, VA and USDA mortgages as well as conventional loans.
  • Lends in over 30 states and headquartered in Texas.
  • Reduced interest rate for disabled veterans under the Texas VLB mortgage program.
  • Outlines the steps to buying a home and offers a homebuying guide.
  • Offers FHA, VA and USDA loans as well as conventional mortgages for first-time home buyers.
  • Website has several loan calculators.

 

Top TDHCA mortgage lenders: summary

LoanDepot: Best for low volume of customer complaints.

PrimeLending: Best for closing-cost assistance.

Alterra Home Loans: Best for borrowers with nontraditional credit.

Fairway Independent Mortgage: Best for a variety of loans.

Guild Mortgage: Best for servicing the loans it originates.

Homebridge Financial Services: Best for educational materials on website.

Supreme Lending: High-volume TDHCA participating lender.

Cornerstone Home Lending: High-volume TDHCA participating lender.

AmCap Home Loans: High-volume TDHCA participating lender.

Gateway Mortgage Group: High-volume TDHCA participating lender.

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