What Payment Feels Comfortable?
Share what you want to spend each month. We can compare that target with the estimated mortgage payment, taxes, insurance and any association dues.
Mortgage Broker in Lubbock, TX
Your Home in Lubbock.
A Mortgage That Moves You Forward.
Buying your first home, moving across town or refinancing? We help you understand your mortgage options and compare lenders so you can choose with confidence.
Work directly with Chad Holte, NMLS #198303, a Certified Mortgage Advisor and Managing Broker of Dylken Home Loans, for straightforward guidance backed by 25+ years of mortgage experience.
See Current Mortgage Rates for Lubbock
Explore mortgage rates for buying or refinancing a home. Adjust your loan amount, down payment and loan type to see how different options affect your estimated monthly payment and upfront loan costs.
Current Lubbock Mortgage Rates
Rates updated throughout each business day.
No credit check required.
Before You Choose a Home, Answer These Three Questions.
Whether you are buying for the first time or making another move, a useful purchase plan begins with your circumstances. Bring these details into the conversation.
Where Will the Closing Funds Come From?
Tell us whether you plan to use savings, eligible gift funds or proceeds from a home sale. We can explain what needs to be documented and when the funds must be available.
What Else Needs to Happen?
Include another home you own, a new employment start date or a closing deadline. Reviewing those details early helps identify the financing steps before you make an offer.
Start with your plans. We will help connect them with suitable mortgage options.
Understand Your Lubbock Home Loan Options
Your qualifications, available funds and loan amount guide the comparison. We explain how these programs differ so you can choose with a clear understanding of the payment and costs.
Conventional Loans
A flexible option for first time and repeat buyers, with down payments as low as 3% for eligible borrowers. Strong credit can help make conventional financing attractive. A down payment below 20% typically requires private mortgage insurance.
Conventional Loans →FHA Loans
FHA financing may be a good fit if your credit history makes conventional financing harder to qualify for. Eligible buyers can put as little as 3.5% down. Upfront and ongoing mortgage insurance should be included when comparing the total cost.
FHA Loans →VA Loans
Eligible veterans, service members and surviving spouses may be able to buy with no down payment and no monthly mortgage insurance. Closing costs still need to be addressed. A VA funding fee may apply unless you qualify for an exemption.
VA Purchase Loans →Jumbo Loans
Jumbo financing may fit when the amount you borrow exceeds the applicable conforming loan limit. The purchase price alone does not determine that. Compare lender requirements for credit, down payment and savings remaining after closing.
Jumbo Loans →Lubbock Housing Market Snapshot
Redfin’s Lubbock market area · All home types
$249,881Median sale price
Three months ending September 2026
Three months ending September 2026
45 daysMedian days on market
Three months ending September 2026
Three months ending September 2026
1,103Homes sold
September 2026, as reported by Redfin
September 2026, as reported by Redfin
Source: Redfin’s Lubbock housing market report. Reviewed November 9, 2026. These figures describe the source’s market area and stated periods. They do not establish an individual home’s value or the time available to make an offer.
What Changes When You Buy Your Next Home?
Your existing home can affect both the money available for the purchase and the mortgage you qualify for. Review the sequence before you depend on a particular budget.
Check the Property Costs Before You Set Your Budget.
Two homes with similar prices can carry different ownership costs. Use the details of the address you are considering when reviewing the payment.
Start With the Actual Taxing Units
Use Lubbock Central Appraisal District records to identify the property and its taxing units. Confirm exemptions for your circumstances rather than assume the seller’s tax bill represents what you will pay.
Find the Property Through Lubbock CAD →Check Insurance for the Home
Request an insurance quote for the actual address. Ask about the coverage and deductible so you understand both the amount included in your payment and the expenses you may need to cover separately.
Ask About Dues and District Assessments
Include applicable HOA dues and district assessments. Lubbock CAD’s estimator flags special assessment inquiries for certain districts, including Vintage Township and Highland Oaks. Verify the address instead of assuming one tax estimate fits the area.
Use the Lubbock CAD Tax Estimator →For new construction, check whether the tax estimate includes the completed home rather than only the lot. Confirm applicable exemptions and assessments separately.
Making a move to Lubbock
Starting a New Job?
Share your employment offer, expected start date and how you will be paid. Let us know whether compensation includes variable hours, bonuses or other income.
A position with Texas Tech, a healthcare employer or another organization may come with different pay arrangements. We can review the records needed before you depend on an estimated purchase budget.
For business or agricultural income, share how the income is earned and what records are available so we can discuss suitable financing options.
Buying with Texas Tech in mind
Who Will Own the Home and Who Will Live There?
Moving into a home yourself and buying a property for a student are different financing situations. Explain the ownership and occupancy plans before choosing a loan.
Tell us whether you will live there, a family member will occupy it or the property will be rented. We can review the applicable requirements rather than assume every university related purchase fits the same program.
Guidance from search to closing
One Conversation.
More Mortgage Options.
You do not have to sort through lenders on your own. We compare suitable options across our wholesale lender network and explain differences in rates, lender fees, mortgage insurance and loan requirements.
See what each option means for your payment and upfront costs, then choose the approach that fits your plans.
Already Have a Mortgage Offer?
Bring a Loan Estimate or builder financing offer into the conversation. We can compare the same loan assumptions where practical and explain the differences in borrowing costs.
A lower rate may come with higher upfront costs. Share your expected closing date too so we can discuss whether the remaining timeline supports another financing option.
Talk With UsAlready Own in Lubbock? Give Refinancing a Clear Purpose.
Start with what you want a refinance to accomplish. Compare the proposed loan with keeping your existing mortgage, including costs and the time you expect to keep it.
Compare a Different Rate or Repayment Term
Review the payment, closing costs, remaining term and total interest. For monthly savings, estimate how long those savings take to recover the costs. A longer repayment term can lower the payment while increasing interest paid over time.
Explore Rate and Term Refinance →Consider Equity for a Defined Purpose
An eligible cash out refinance can provide funds through a new mortgage. Compare the net proceeds with the amount needed and review the payment on the entire new loan balance. Texas property and program requirements apply.
Explore Cash Out Refinance →Keeping Your Current Mortgage Is Part of the Comparison
Consider the benefit you want, the cost of replacing the loan and the time you expect to keep it. If taxes or insurance caused a payment increase, review those expenses separately. Refinancing does not remove them.
Refinance timing depends on your existing loan, the proposed transaction and applicable program and Texas requirements. Share your current mortgage details so we can review the options that may be available.
What real clients are saying
5.0
99 Google & Zillow Reviews
Google
Chad did a great job helping navigate through options. The fastest close we’ve ever had.
Google
This is our second time working with CHAD, his service is excellent. His attention to detail and caring for his customer is outstanding.
Google
I’ve been working with Chad for over 15 years on both new purchases and multiple refinances, and in all kinds of market conditions. I confidently refer friends and family to Chad at every opportunity. It’s fantastic to know that you’re always going to end up with extremely competitive rates, and the best possible service from beginning to end. Amazing work Chad and team!
13 days
Average Closing Time
Individual loan timelines vary.99
★★★★★Five Star Reviews
25+
Years of Mortgage Experience
Chad Holte, Managing BrokerLubbock Mortgage Questions, Answered
Do I need 20% down to buy a home in Lubbock?
No. Some conventional programs allow down payments as low as 3% for eligible borrowers. Eligible FHA buyers may put as little as 3.5% down and eligible VA buyers may need no down payment. Compare mortgage insurance, closing costs and the full payment alongside the down payment. Qualification and program requirements apply.
Can I buy another home before my current home sells?
Possibly. Share the current mortgage payment, available funds and sale status. Both housing payments may need to be considered when qualifying for the new loan. A pending sale and its documentation can affect that review under applicable requirements. We can explain what the proposed sequence means for your financing.
Can I use proceeds from my home sale for the next purchase?
Yes, when the transaction and loan requirements support it. Estimate net proceeds after the mortgage payoff and selling expenses. If those funds are needed for the new closing, the lender must verify the available proceeds and coordinate the timing. Share your sale contract and expected closing dates early.
What should I share if I am starting a new job in Lubbock?
Have your employment offer, expected start date and compensation details available. Explain whether the pay includes variable hours, bonuses, commissions or other income. Let us know about any gap between jobs or change in how you earn. We can explain the records and applicable requirements for your situation.
Can I finance a home purchased for a Texas Tech student?
There may be suitable options, but ownership and occupancy plans matter. Tell us who will be on the loan, who will own the property and who will live there. We can review whether the situation meets applicable primary residence or other program requirements. Do not assume a purchase for a family member receives the same terms as a home you personally occupy.
How should I estimate property taxes on a home I want to buy?
Start with the address and Lubbock Central Appraisal District records. Identify the taxing units, review the estimator and confirm exemptions for your circumstances. Ask about any applicable district assessments and HOA dues. For a new build, check whether the estimate reflects the completed home. The seller’s current tax bill may not represent your future expense.
Can you compare a mortgage offer I already received?
Yes. Share a Loan Estimate or written builder financing offer and the expected closing date. We can review the rate, lender fees, credits and full payment using consistent assumptions where practical. Include any conditions attached to an incentive so the comparison reflects the offer you would actually receive.
How do I decide whether refinancing makes sense?
Begin with a specific goal and compare the proposed loan with keeping the current mortgage. Review the payment, closing costs, repayment period and total interest. If the goal is monthly savings, estimate how long those savings take to recover the costs. A cash out refinance replaces the existing mortgage, so evaluate the cost of the entire new loan.
Local Guides
Lubbock Home Buying Resources
Local guides and answers for buying and owning a home in Lubbock.
Statewide Guides
Helpful Texas Home Buying Resources
Statewide guides that apply across every Texas market, Lubbock included.
Your next step
A New Chapter in Lubbock.
Start With Clear Mortgage Options.
Tell us about the home you want to buy or the mortgage you want to review. We will help you understand the choices and take the next step with confidence.