Matthew Parra | DFW Mortgage Broker | Mansfield, TX | Conventional, VA, Bank Statement, New Construction Loans

Client Reviews

★★★★★ 5-Star Google Rated

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Tucker & Isabella Brigham

2 weeks ago · Google

★★★★★

I am CERTAIN that dealing with a loan broker is not supposed to be an enjoyable experience, but working with Matthew Parra was truly a delight. This experience has made home buying a breeze. THANKS MATTHEW!!

Osmar Reyes

2 weeks ago · Google

★★★★★

Matthew is a true professional, nothing but great things to say. He's an amazing person who consistently delivers excellent communication with my clients.

Curtis Trent

3 weeks ago · Google

★★★★★

10/10 Excellent service! Matthew helped me secure a VA Loan and was with me every step of the way. Whether you're a first-time buyer or seasoned professional, they've got you covered.

Angelinamariee

1 month ago · Google

★★★★★

Matthew was incredible to work with. He was always available to answer questions and make sure everything stayed on track. We truly felt like he had our best interest in mind the entire time.

Samuel Islas

1 month ago · Google

★★★★★

I bought my first home with Matthew and HomeTown Lending. He walked us through everything and was always available. It was the best experience and we are thankful to him.

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Matthew Parra · NMLS #2033650 · Hometown Lending · Licensed in Texas
Not a commitment to lend.

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I typically respond same day. Ready to move right now?

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Areas Served

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📍 Mansfield

Dallas

Fort Worth

Midlothian

Burleson

Arlington

Frisco

McKinney

Prosper

Celina

Colleyville

Flower Mound

All of DFW ✓

Common Questions

A bank can only offer their own products. As a broker, I work with 50+ wholesale lenders and compare rates on your behalf. That usually means a better rate and more flexibility, especially if you're self-employed, buying new construction, or using a VA benefit.

Builder lender incentives can look attractive but often come with a higher rate baked in. Before you commit to anything, get a second opinion so you understand the full picture. Most buyers don't realize they can use an outside lender on a new build at all.

Yes, and this is one of the most common situations I deal with in DFW. Traditional banks use your tax returns to qualify you, which means write-offs that reduce your taxable income also reduce what you can borrow. A bank statement loan solves this by using 12-24 months of your actual deposits instead. No tax returns, no W-2s, down payments start around 10%. It works for contractors, freelancers, business owners, realtors, consultants, and anyone else whose income doesn't fit neatly on a W-2. Getting turned down by your bank doesn't mean you can't buy a home. It just means you need a different program.

It depends on your current rate, how long you plan to stay in the home, and what rates are doing. A good rule of thumb is that a refinance makes sense if you can lower your rate by at least 0.5-1% and you plan to stay long enough to recoup the closing costs, typically 2-3 years. I'll run the numbers with you so you can see exactly what your break-even point is and whether it actually makes sense for your situation. No pressure either way.

VA loans: 0% down. FHA: 3.5% down. Conventional: as low as 3% for first-time buyers, 5% for repeat buyers. Putting 20% down eliminates PMI on conventional loans. Down payment assistance programs are also available in DFW.

A hard pull typically drops your score by about 2-5 points temporarily. I can also do a soft pull first to give you a directional read before we do anything formal.

No, you don't pay me anything out of pocket. The lender pays me a commission once your loan closes. No cost to getting pre-approved, no surprise broker fees at closing.

DTI is the percentage of your gross monthly income that goes toward debt payments. Most conventional loans allow up to 45-50% DTI. For example, if you earn $8,000/month and have $3,200 in total monthly debt payments including your new mortgage, your DTI is 40%. FHA and VA loans can sometimes go higher with strong compensating factors. If your DTI is too high, I can often restructure the loan or find a program with more flexibility.

Closing costs in Texas typically run 3-5% of the loan amount and include lender fees, title insurance, appraisal, prepaid taxes and insurance, and escrow setup. On a $400,000 home that's roughly $12,000-$20,000. Some of this can be covered by seller concessions or rolled into the rate depending on the program. I give you a detailed Loan Estimate upfront so there are no surprises at the closing table.

Escrow is an account your lender manages to collect and pay your property taxes and homeowner's insurance. Instead of paying a large lump sum twice a year, those costs are divided by 12 and added to your monthly mortgage payment. In DFW, property taxes are high relative to other states, so your escrow portion can be a significant part of your payment. Texas homestead exemption can lower your taxable value once you file.

Pre-qualification is a quick estimate based on information you provide with no verification. Pre-approval means I've actually pulled your credit, verified income and assets, and a lender has reviewed the file. In a competitive DFW market, agents and sellers take pre-approval seriously and pre-qualification much less so. I offer lender-reviewed pre-approvals that carry real weight when you make an offer.

PMI is private mortgage insurance required on conventional loans when you put less than 20% down. It typically costs 0.5-1.5% of the loan amount annually. On a $400,000 loan that's $167-$500 added to your monthly payment. You can avoid it by putting 20% down, using a VA loan (no PMI ever), using a piggyback loan structure, or by refinancing once you hit 20% equity. I'll show you the math on all options so you can decide what makes sense.

Underwriting is when the lender's team verifies everything in your file: income, employment, assets, credit, and the property appraisal. They're confirming the loan meets their guidelines before approving it. This is where most delays happen if documents are missing or there are surprises. I prep your file thoroughly upfront so underwriting goes smoothly and we hit our 15-day clear-to-close target.

Typically within 24 hours once I have your documents. In competitive situations I can often turn it around same day. I also provide lender-reviewed pre-approvals, not just pre-qualifications, which carry real weight when your clients are making offers in a competitive DFW market.

I work closely with agents and make sure everyone stays in the loop throughout the transaction. You'll always know where your client's file stands. I target 15-day clear to close, I answer my phone, and I don't disappear after pre-approval. My goal is to make you look good to your client, not just close a loan.

My target is 15-day clear to close once you're under contract. DFW is still competitive in many suburbs, and a pre-approval from a broker who can actually execute is worth more than one that might fall through.

About Matthew

Matthew Parra

Mortgage Broker · Hometown Lending · NMLS #2033650

I bought my first home in January 2025 right here in Mansfield at 29. What I wasn't ready for was how emotional buying a home actually is. That experience changed everything about how I do this job.

2020

In DFW

50+

Lenders

500+

Options

5★

Rated

My story

After I closed on my own home, I overhauled how I run my business. My goal is simple: by the time you close, you should feel completely comfortable and confident in every decision you made. My job is to give you the numbers you need and be the steady presence that helps you make decisions based on facts, not fear. I originate through Hometown Lending, a Texas-based mortgage company with access to 50+ wholesale lenders.

How I work

My buyers tell me the same thing: I kept them calm, explained everything clearly, and never went dark. When you're under contract and something comes up at 8pm on a weeknight, I pick up. That's the standard I hold myself to.

Based in Mansfield

Matthew Parra and Lily in downtown Dallas TX

I live here with my girlfriend Lily and our Great Dane, Apollo. I know what $400k buys in Midlothian versus Keller, which suburbs are moving fast, and what DFW buyers are actually dealing with right now. This is my market too.

📸 Follow @matthew.mortgage

Mortgage Loans Across Dallas-Fort Worth

Matthew Parra is a licensed mortgage broker at Hometown Lending (NMLS #2033650) serving all of the Dallas-Fort Worth metroplex from his office in Mansfield, TX. Whether you're buying your first home, upgrading, investing, or refinancing, Matthew shops 50+ wholesale lenders to find you the best rate and terms.

Cities Served

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Loan Programs in DFW

Conventional loan DFW · Conventional mortgage Dallas Fort Worth · FHA loan Dallas Fort Worth · FHA loan Mansfield TX · Doctor loan DFW · Physician loan Dallas TX · Conventional loans Dallas Fort Worth · VA loan DFW · VA home loan Dallas TX · VA mortgage Fort Worth TX · VA loan Mansfield TX · Bank statement loan DFW · Self employed mortgage Dallas · 1099 mortgage Texas · Bank statement loan Fort Worth · Contractor mortgage DFW · Freelancer home loan Texas · Business owner mortgage Dallas · Self employed home loan Mansfield TX · Bank statement loan after bank denied · Self employed mortgage denied Texas · No tax return mortgage DFW · No W2 mortgage Dallas Fort Worth · New construction loan DFW · New construction mortgage Dallas · Builder loan DFW · FHA loan Dallas Fort Worth · FHA loan Mansfield TX · Jumbo loan Dallas TX · Jumbo mortgage DFW · DSCR loan Texas · Investor loan DFW · Rental property loan Dallas · Cash out refinance DFW · Refinance Dallas Fort Worth · First time home buyer DFW · First time homebuyer Mansfield TX · Down payment assistance DFW · Wholesale mortgage broker DFW

Why a Broker vs. a Bank in DFW?

Unlike a bank or credit union that can only offer their own products, Matthew Parra is an independent mortgage broker who works with over 50 wholesale lenders across Texas. That means more options, more competitive rates, and loan programs you won't find at a big bank , including bank statement loans for self-employed buyers, DSCR investor loans, and extended rate lock programs for new construction in DFW. Matthew is based in Mansfield, TX and has been originating loans in the Dallas-Fort Worth market since 2020.