Business Details
Your Trusted Mortgage Partner in Dallas, TX
Stone Lake Mortgage is a dedicated Dallas-based mortgage company committed to transforming the home loan experience for clients with diverse financial backgrounds. With over a decade of industry expertise, we specialize in navigating complex credit scenarios, including past foreclosures, bankruptcies, and student loan obligations, to help clients achieve homeownership. Our team offers a comprehensive suite of loan programs, including FHA, VA, USDA, and Home Improvement loans, tailored to meet the unique needs of first-time buyers, veterans, and those seeking refinancing solutions.We prioritize transparency, personalized service, and innovative lending strategies to ensure clients secure favorable terms. Our professionals maintain deep familiarity with evolving mortgage regulations and leverage this knowledge to simplify the process, from initial consultation to closing. By combining competitive rates, flexible down payment options, and a client-centric approach, we have built a reputation as a trusted partner in the Texas mortgage market.
Services
FHA Loans
VA Loans
USDA Loans
Home Improvement Loans
Refinance Options
Low Credit Mortgages
First-Time Buyer Programs
Veterans Loans
Rural Development Loans
Renovation Loans
Highlights and features
- We offer specialized mortgage solutions for clients with past foreclosures or bankruptcies.
- Our team provides personalized loan structuring for clients with student loan obligations.
- We have over a decade of experience in Texas mortgage lending.
- We offer 0% down payment options through VA loan programs for veterans.
- Our FHA loan programs accept credit scores as low as 550.
Associations and certifications
- NMLS #341517
What people say
Positive experience
Great communicators
Quick to respond
Smooth process
Highly recommended
Services
FHA Loans
Stone Lake Mortgage offers FHA loans with down payments as low as 3.5% for clients with credit scores of 580+. We specialize in helping borrowers with lower credit scores qualify through tailored loan structures. Our FHA loan program includes options for first-time homebuyers, rehabilitation projects, and streamline refinancing without appraisal requirements.
VA Loans
Our VA loan program provides 0% down payment options for veterans and active-duty military members. We offer competitive interest rates, flexible terms up to 30 years, and specialized support for clients with prior foreclosures. Our team handles VA funding fee waivers for disabled veterans and manages entitlement calculations for multiple loans.
USDA Loans
Stone Lake Mortgage facilitates USDA loans for properties in eligible rural and suburban Texas areas. These programs offer 100% financing with no down payment requirements. We assist clients in meeting income limits and property eligibility criteria while providing low mortgage insurance options to reduce monthly payments.
Home Improvement Loans
Our Home Improvement Loan program finances up to $35,000 for property renovations. Designed for homes needing repairs or upgrades, this option includes interior and exterior improvements with credit score requirements starting at 580. We manage repair escrow accounts and coordinate project timelines to ensure completion within six months of closing.
Refinance Options
We provide multiple refinance solutions including VA IRRRL, FHA streamline, and conventional refinancing. Our programs address underwater mortgages through Fannie Mae DU Refinance Plus and Freddie Mac Relief Refinance options. We specialize in reducing interest rates, shortening loan terms, and eliminating private mortgage insurance for eligible borrowers.
Questions
What loan programs do you offer for first-time homebuyers?
We offer FHA loans with 3.5% down, USDA loans with zero down for eligible areas, and VA loans for veterans. Our team also provides guidance on down payment assistance programs.
Can I qualify for a mortgage with past bankruptcy?
Yes, we specialize in helping clients with bankruptcies older than two years. Our FHA and conventional loan options require re-established credit for approval.
Do you offer 0% down payment options?
Yes, our VA loan program provides 0% down payment mortgages for eligible veterans and active-duty military members.
How do student loans affect mortgage approval?
We help clients manage student loan debt by analyzing payment structures and debt-to-income ratios to ensure mortgage eligibility.
What areas do you serve?
We primarily serve Dallas, Plano, Greenville, and surrounding Texas areas with both in-state and nationwide loan options.
Can I refinance with negative equity?
Yes, our Fannie Mae DU Refinance Plus and Freddie Mac Relief Refinance programs accommodate underwater mortgages with reduced documentation requirements.
