Fedrate Mortgage is an independent brokerage. We are not tied to one bank, so we compare wholesale lenders, explain the trade-offs plainly, and help you choose the option that fits.
Fedrate Mortgage brokers purchase, refinance, FHA and VA loans in Texas and Florida. Each program suits a different situation, so we compare options across multiple wholesale lenders for every one and explain the trade-offs before you commit.
First-time buyers, move-up buyers, and anyone buying a primary home in Texas or Florida.
A mortgage for a home you are buying. We compare conventional and government-backed options across our lenders and explain what each one means for your down payment, your monthly cost, and how soon you can close.
Read about purchase loansHomeowners who want a different rate or term, or who want to draw on the equity they have built.
A new mortgage that replaces your current one. A rate-and-term refinance changes the rate or the length of the loan. A cash-out refinance draws on your equity. Refinancing may reduce your payment, subject to review, and we explain the costs first.
Read about refinancingBuyers with a smaller down payment saved, or a shorter or imperfect credit history.
A loan insured by the Federal Housing Administration and made through a lender. The insurance lets lenders accept smaller down payments and a wider range of credit, and it adds a mortgage insurance cost that we walk through with you.
Read about FHA loansEligible veterans, active service members, and surviving spouses.
A loan backed by the Department of Veterans Affairs for those who have served. Eligible borrowers may be able to buy with no down payment and without monthly mortgage insurance. We confirm eligibility with you and explain the funding fee.
Read about VA loans
A bank's loan officer can offer that bank's loans. An independent broker compares wholesale lenders on your behalf and is not required to push one product, so the recommendation follows your situation, not one shelf of products.
We take your situation to multiple wholesale lenders and compare what comes back on rate, cost and terms. You see the comparison, not just the pick.
No single lender's loan has to win. If a conventional loan suits you better than an FHA loan, or the other way round, that is what we recommend.
Every option carries a cost somewhere. A smaller down payment may mean mortgage insurance. A lower rate may mean points. We show where the cost sits before you choose.
Sometimes your own bank's offer is the better one. When that is the case, we say so, and you keep the comparison either way.
Three calculators for the questions that come first: what a monthly payment looks like, how much home fits a budget, and whether a refinance pays for itself. They are estimates to start a conversation, not an offer.
Principal and interest for a price, down payment, term and rate you choose, with taxes and insurance added where you know them.
Open the calculatorWorks back from income, monthly debts and down payment to a price range that fits, so you search with a number in mind.
Open the calculatorSets the cost of refinancing against the monthly change to show how many months it takes to pay that cost back, if it does.
Open the calculatorWorking with us has four steps, from the first conversation to closing day. Nothing is instant, and nothing is promised before a lender has reviewed your file. Here is what happens at each stage.
A short call or the pre-qualification request: what you are buying or refinancing, where, and the rough numbers. No documents at this stage.
We take your situation to multiple wholesale lenders and come back with a comparison: rate, cost and terms side by side, and the trade-offs in plain words. You choose.
Once you pick an option, we prepare the application for that lender. Pay stubs, statements and tax returns go through a secure borrower portal, never by email and never through this site.
The lender's underwriter reviews the file and may ask for more. Approval is theirs to give and conditional until it is final. We stay on it with you through to closing day.
Deepu Raveendran owns Fedrate Mortgage, an independent brokerage launched to compare wholesale lenders for borrowers rather than sell one bank's products. He works mainly across Dallas and Fort Worth, and with borrowers in Florida.
Tell us what you want to do and where, and we come back with options compared across multiple wholesale lenders. A pre-qualification request starts it, and nothing is a commitment until a lender has reviewed your file.
