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Best Mortgage Lenders in Austin, TX

by Sandi Pope ConsumerAffairs Research Team

Mortgages allow Texans to purchase dream homes faster than it would take to save the cash required to buy a home. Homebuyers should consider their credit score, finances and choice of lender before taking out any loans. We put together this list of the best mortgage companies in Austin to help you get a low-interest rate and save money.

Top 16 Austin Mortgage Companies

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austin skyline

How to choose a mortgage loan in Austin

Austin features some of the most expensive real estate in the country, but the city is also full of young, educated people looking to move upwards in their careers. Austin residents exploring wealthy neighborhoods should consider nonconforming or jumbo loans, and first-time homebuyers in Austin should look to government-backed FHA loans.

We sampled some popular Austin neighborhoods to show the best types of mortgage in each:

  • Westlake Oaks: This neighborhood may be a good buy for families wanting to be near their children’s schools. The median home cost here is over $760,000, which makes a fixed-rate mortgage a good option, especially when the home has a higher list price than others in the area.
  • Hughes Park Lake: This neighborhood is a good option for those looking for a safe, low-crime area. Its median home cost is $594,000, which makes government-backed mortgages like FHA or USDA loans good options.
  • River Hills: This neighborhood is a good option for buyers looking for large, comfortable homes in an affluent neighborhood. The median home cost here is almost $1,400,000, which makes jumbo loans a necessity.
  • Chestnut: This neighborhood is a good fit for singles and young couples because of its walkability and low crime rate. The median home cost is just shy of $480,000, which makes government-backed loans like FHA or USDA mortgages helpful. Because of their relaxed requirements, these loans suit the needs of singles and low-income buyers.

Finding a mortgage lender in Austin, TX

Outside of low mortgage rates, consider what services mortgage companies offer. You can also gather quotes, read online reviews, get recommendations from friends and educate yourself on how home loans work so that you feel confident choosing a mortgage company.

In Texas, the Department of Savings and Mortgage Lending and the Office of the Consumer Credit Commissioner regulate the mortgage industry. You can look up a lender’s registration through the Nationwide Multistate Licensing System. Likewise, a company that is part of the National Association of Mortgage Brokers must demonstrate a high level of professionalism, so consider that when choosing a lender.

Austin home loan FAQ

What is the mortgage rate in Austin?

Consult the Consumer Finance Protection Bureau to find current mortgage rates in Texas. If you’re unsure what you can afford, use our helpful mortgage calculator.

How do I get preapproved for a mortgage in Austin?
Getting preapproved for a mortgage in Austin consists of verifying your financial stability through a W-2 form, tax returns and pay stubs.
Can you put an offer in for a house without a mortgage in Austin?
You can put an offer in for a house without a mortgage, but we don’t recommend these contingent offers. Getting preapproved before making an offer means there is a greater chance the purchase works out.

Not sure how to choose?

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    Austin mortgage company information

    Leaman Team

    Leaman Team primarily offers a variety of loans for first-time homebuyers in Austin. Its lending team is available even after closing if you have any questions about your mortgage. Leaman gives mortgages for home purchase, refinance and renovation.

    • Address: 3724 Executive Center Drive, Ste.110, Austin, TX 78731
    • Phone: (512) 765-4300
    • Hours: M - F: 8:30am - 5:30pm
    • Website: maxleaman.com
    Capstar Lending

    Capstar Lending’s team of loan officers helps customers with many loan options, including conventional, VA and FHA financing. The company is an independent mortgage broker that works with major mortgage investors across the country to offer the lowest mortgage rates. Capstar guides customers through purchasing new homes and refinancing, whether they’re trying to save money or pay off their debt faster.

    • Address: 6836 Austin Center Blvd., Austin, TX 78731
    • Phone: (512) 459-2400
    • Hours: M - F: 8am - 5pm
    • Website: capstarlending.com
    Sente Mortgage Austin

    Sente Mortgage helps customers looking to buy homes or refinance. It also provides consultations and online mortgage tools. The company serves military families and offers refinance loans, VA loans and commercial lending. Sente employs mortgage bankers in each of its 13 locations across Texas.

    • Address: 901 S. MoPac Expressway, Bldg. IV, Ste. 125, Austin, TX 78746; Multiple locations
    • Phone: (512) 637-9900
    • Hours: M - F: 8:30am - 5:30pm
    • Website: sentemortgage.com
    PrimeLending Austin

    PrimeLending offers conventional and government-backed loans, including fixed-rate and adjustable mortgages. The company bases rates for purchasing and refinancing on individual loan programs and the size of your down payment. It has five conveniently located offices for Austin residents.

    • Address: 1717 W. Sixth St., Ste. 340, Austin, TX 78703; Multiple locations
    • Phone: (512) 826-8013
    • Hours: M - Sun: 8am - 9pm
    • Website: primelending.com
    Capital City Mortgage

    Capital City Mortgage is a mortgage brokerage company that works with more than 50 investors and financial institutions. The lender provides commercial and residential lending services. Capital City offers FHA, VA, USDA, jumbo and reverse mortgages.

    • Address: 12731 Research Blvd., Bldg. A, Ste 100, Austin, TX 78759
    • Phone: (512) 535 - 5193
    • Hours: M - F: 9am - 5pm
    • Website: capitalcitymortgagecompany.com
    SecurityNational Mortgage Company Austin

    SecurityNational Mortgage Company is an award-winning mortgage lender. The company helps customers buy homes or determine if refinancing is the right decision for them. SecurityNational caters to borrowers nationwide by offering a variety of loan programs, including conventional, government-backed, reverse and jumbo mortgages.

    • Address: 9737 Great Hills Trail, Ste. 200 & 222, Austin, TX 78759; Multiple locations
    • Phone: (512) 795-5596
    • Hours: M - F: 8am - 6pm
    • Website: snmc.com
    by Sandi Pope ConsumerAffairs Research Team

    Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.

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