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Review Keywords Analysis

  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Texas
  4. Garland
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Garland, TX

How much house can you afford in Garland? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Garland

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Lock It Mortgage

Verified

Lock It Mortgage specializes in DSCR loans and works closely with clients interested in multiple properties. The team provides detailed guidance on closing costs and keeps borrowers informed about interest rates and loan status throughout the process. Customers appreciate their responsiveness and clear communication, though a few note occasional adjustments in fees.

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(888) 870-5625
Closed Now
3901 W Walnut St, Garland, TX 75042
2

August REI

August REI specializes in state-licensed residential mortgage loan servicing with a focus on accuracy and risk reduction through a centralized tracking platform. The team manages payments, escrow, compliance, and reporting for homeowners, lenders, and investors, providing transparent communication and automated reports. Some clients note occasional delays in resolving credit reporting issues.

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(972) 767-9219
Closed Now
3960 Broadway Blvd #107, Garland, TX 75043
3

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation is known for clear communication and a smooth loan process that helps reduce stress for first-time and experienced borrowers alike. The team handles mortgage applications efficiently, keeping clients informed and supported from start to finish. Customers appreciate their friendly approach and quick responses to questions.

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(972) 278-3400
Closed Now
375 Cedar Sage Dr #250, Garland, TX 75040
4

Fairway Home Mortgage - The Heritage Group

Fairway Home Mortgage - The Heritage Group is known for clear communication and responsive support throughout the home loan process. The team helps with home purchases and refinancing, guiding clients with organized, patient service. Customers appreciate their timely answers and the added convenience of Fairway Connect for setting up utilities.

Services & Prices
Loan Modification Assistance Quoted per loan
Closing Cost Estimation Quoted per loan
View Profile
(972) 278-3400
Closed Now
1417 E Interstate 30 Apt 5, Garland, TX 75043
General Services
Refinance Services
5

Promise Mortgage LLC

Promise Mortgage specializes in personalized mortgage guidance backed by years of industry experience, with a focus on transparency and clear communication. They offer a wide range of loan options, including home purchase, refinancing, FHA, VA, Jumbo, and reverse mortgages. Clients appreciate the team’s responsiveness and dedication, noting smooth processes even in challenging market conditions.

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(972) 805-6326
Closed Now
4306 Curlew Ln, Garland, TX 75043
Where they are 10 on the map Click a pin for the profile and directions
6

Vstar Lending LLC

Known for their attentive and supportive approach, Vstar Lending LLC helps clients navigate home loans and refinancing with clear communication and care. The team works closely throughout the mortgage process to keep things smooth and manageable, earning praise for professionalism and responsiveness. Some customers note the process can be detailed but appreciate the guidance provided.

Services & Prices
First-time Home Buyer Loans Quoted per loan
Refinancing Quoted per loan
Conventional Loans Quoted per loan
View Profile
(877) 655-5055
Closed Now
3112 N Jupiter Rd #213A, Garland, TX 75044
General Services
Home Loan Services
7

Not Your Average Lender

Not Your Average Lender is known for its persistence and clear communication throughout the loan process. The team handles a variety of mortgage services, working to overcome obstacles and keep clients informed from pre-approval to closing. Some clients appreciate the dedication but note occasional delays and communication challenges during busy periods.

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(972) 203-9033
Closed Now
310 E Interstate 30 Ste M101, Garland, TX 75043
8

Kristy Osborn | Fairway Home Mortgage

Fairway Home Mortgage offers a wide range of loan options, including construction, VA, FHA, and refinancing loans, designed to fit diverse financial needs. The team provides clear guidance and keeps clients informed throughout the mortgage process, with many appreciating their helpful and knowledgeable approach. Some clients note the process can be detailed but manageable with their support.

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(972) 841-9147
Closed Now
1417 E Interstate 30 Apt 5, Garland, TX 75043
9

Cuesta Mortgage powered by Not Your Average Lender

Cuesta Mortgage focuses on personalized mortgage guidance tailored to each client’s financial situation, including self-employed borrowers and real estate investors. They offer a range of loan programs—from conventional to specialty loans—and work to make the financing process clear and manageable. Clients appreciate the team’s patience and thorough explanations throughout the home-buying journey.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(214) 566-9497
Open 8:00 AM - 8:00 PM
310 E Interstate 30 Ste M101, Garland, TX 75043
General Services
Mortgage Services
10

Jennifer Aleman Salazar | Fairway Home Mortgage

Fairway Home Mortgage specializes in a wide range of loan options tailored to fit diverse homeownership goals, from conventional to specialized loans like construction and physician loans. The team provides personalized guidance throughout the mortgage process, with clients appreciating their attentiveness and ability to navigate complex situations smoothly.

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(214) 534-5600
Closed Now
1417 E Interstate 30 Apt 5, Garland, TX 75043

Garland Mortgage Statistics

Home-purchase lending in Dallas County and home costs in Garland, TX (latest HMDA and Census data)

Lenders made 18,906 home-purchase loans in Dallas County in 2025 (average about $494,000) and denied 3,361 — 15% of decided applications, compared with 19% across Texas, according to federal mortgage data (HMDA, CFPB). In Garland, the median home is worth $270,800 and 58% of owners have a mortgage, paying a median $1,919 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
18,906▼ 4%19,778 in 2024
Denial rate
15%TX 19%
Median home value
$270,800TX $283,800
Monthly cost with a mortgage
$1,919median · TX $2,106
Refinance loans made (Dallas County, 2025)
8,941 · 6,861 in 2024
Home-improvement loans made (2025)
1,456
Average home-purchase loan
$494,000 (TX $364,000)
Owners with a mortgage
58% · 32% of them spend 30%+ of income on housing
Median household income
$76,320 (TX $78,476)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Dallas County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Garland Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Lock It Mortgage 5.0 856 — (888) 870-5625 Visit
2 August REI 4.5 615 — (972) 767-9219 Visit
3 Fairway Independent Mortgage Corporation 5.0 300 — (972) 278-3400 Visit
4 Fairway Home Mortgage - The Heritage Group 4.9 222 Quoted per loan (972) 278-3400 Visit
5 Promise Mortgage LLC 5.0 63 — (972) 805-6326 Visit
6 Vstar Lending LLC 4.9 41 Quoted per loan (877) 655-5055 Visit
7 Not Your Average Lender 3.9 30 — (972) 203-9033 Visit
8 Kristy Osborn | Fairway Home Mortgage 5.0 13 — (972) 841-9147 Visit
9 Cuesta Mortgage powered by Not Your Average Lender 4.7 13 Quoted per loan (214) 566-9497 Visit
10 Jennifer Aleman Salazar | Fairway Home Mortgage 5.0 2 — (214) 534-5600 Visit

How this Garland mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

Texas rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 1.25% of the home's value a year, the Texas average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

10 questions
How does the mortgage affordability calculator work?
It estimates the highest home price you can qualify for based on income, debts, down payment, interest rate, and buyer status. It's free and requires no sign-up.
How accurate is the Garland mortgage affordability calculator?
It's an estimate. A lender's pre-approval confirms the real number after verifying income, debts, credit, and down payment.
What is the debt-to-income ratio for mortgages in Texas?
Lenders typically cap housing costs at 31% and total debt payments at 43% of gross monthly income. Some loans may allow more with strong credit.
What's the minimum down payment for a first-time buyer in Garland?
For conventional loans, it's 3%. FHA loans require 3.5%. VA and USDA loans can allow 0% down for eligible buyers.
How does private mortgage insurance (PMI) affect my mortgage?
With less than 20% down, PMI is added, roughly 0.6% of the loan per year. It can usually be removed once the loan balance is below 80% of the home's value.
How do interest rates affect how much house I can afford?
Higher rates increase monthly payments, reducing the home price you can afford. Rates change weekly; the calculator starts at 7.40%.
How do my debts impact the mortgage I can qualify for?
Higher monthly debt payments reduce the mortgage amount you qualify for because lenders cap total debt payments at 43% of gross income.
What is the property tax rate in Texas?
Property tax is about 1.25% of the home's value annually, based on the 2024 average for owner-occupied homes.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves verifying income, debts, and credit, providing a real number. Pre-qualification is an estimate based on unverified information.
What does a mortgage broker do?
A mortgage broker helps find and negotiate mortgage loans from various lenders, guiding you through the application process.

General information, not financial advice — consult a qualified professional.