Matador Lending NMLS #2072896 · Licensed in TX, CA, GA, FL
Frisco, TX
H-1B, EAD, ITIN, and NRI mortgages for buyers in Frisco and Prosper, Texas. How new-construction incentives, PIDs, and MUDs show up on a loan file. Licensed only in TX, CA, GA, and FL.
Loan officer Apurva Sanghavi, NMLS 227127. Company NMLS ID 2072896. NMLS Consumer Access
Frisco sits in Collin and Denton counties. Prosper sits in Collin and Denton counties as well. Both are north of Dallas, and a large share of the homes for sale are new construction in master-planned communities.
Masala Loans is a brand of Matador Lending. The office is at 5718 Westheimer Rd. Suite 1000, Houston, TX 77057. We do not have a branch in this city. Meetings are by phone, video, or WhatsApp.
This page does not quote rates, payments, taxes, or insurance. Those come from the lender, the tax office, the insurer, and the condo or homeowners association on a specific property.
Builders often advertise a closing-cost credit or a temporary rate buydown if you use their preferred lender. That offer is a contract term with the builder. It is not a promise that their lender is the only option, and it is not a promise that another lender's rate will be lower.
Bring the builder's incentive worksheet and the purchase contract. We compare that package with wholesale options for the same price, the same loan size, and the same lock period. A credit that only applies if you use one lender should be written into the comparison, not assumed away.
Spec homes and homes that are still under construction do not close on the same timeline. A lender's lock window may be shorter than the builder's estimated completion date. Ask, before you lock, what it costs to extend.
Many north-Texas neighborhoods financed roads, water, and sewer through a Public Improvement District or a Municipal Utility District. A PID is authorized under Texas Local Government Code Chapter 372. A MUD is a political subdivision under Texas Water Code Chapter 54. Either one can add a line to the tax bill on top of city, county, and school taxes.
The amount is specific to the district and the property. It is on the county appraisal district account and in the subdivision's public documents. We do not publish a typical PID or MUD rate, because there isn't one number that fits Frisco and Prosper.
Lenders include those charges when they estimate the monthly housing payment and the escrow. If the first tax bill after you buy is higher than the bill the seller or the builder showed, the escrow can change. That is a tax-assessment event, not a rate-lock event.
Conforming loan limits are set each year by the Federal Housing Finance Agency and can be higher in designated high-cost counties. A loan above the limit for that county is jumbo. We do not publish a dollar limit on this page because the figure changes, and the county the house sits in decides which limit applies. The current tables are on fhfa.gov.
Collin County and Denton County are not automatically high-cost. Check the FHFA table for the year you apply before anyone calls a loan jumbo.
Yes, if a lender will take the file. Fannie Mae Selling Guide B2-2-02 allows loans to non-permanent residents who are legally present. It does not set a minimum time left on a visa. Individual lenders can add their own rules. We originate in Texas.
No. The office is in Houston. Frisco and Prosper buyers work with us by phone, video, or WhatsApp.
We will compare the builder package with other lenders. We do not promise a lower rate.