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Reviewed by David Ghazaryan, Mortgage Broker, NMLS 1486726 · iQRATE Mortgages · Last updated: October 13, 2026
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An El Paso mortgage broker compares many lenders for VA, FHA, conventional and non-QM loans, including ITIN and foreign national options for cross-border buyers. iQRATE Mortgages (NMLS 1862492) is licensed in Texas and shops more than 100 lenders on complex files. With Fort Bliss in town, VA loans are central here. El Paso County's 2026 limits are $832,750 conforming and $541,287 FHA, and the metro's median listing price was about $315,000 in September 2026, among the lowest of any big Texas city. Texas has no transfer tax. Full-doc loans close in about 17 days.
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5.0 stars from 87 reviews on Experience.com (October 2026) · Read David's reviews on Experience.com
El Paso's buyers include Fort Bliss soldiers and military retirees, health care and education staff, and families with ties on both sides of the border. Some have income from Mexico, use an ITIN instead of a Social Security number, or are building U.S. credit for the first time. Non-QM lenders handle those files, and a broker knows which ones.
Part of our Texas mortgage broker coverage. We're licensed in Texas under company NMLS 1862492 and work El Paso files from our Las Vegas office, closing with local escrow and title.
Neighborhoods and ZIPs we lend in: Kern Place and the Westside (79902, 79912), the Upper Valley (79922, 79932), the Eastside (79936, 79938), Northeast El Paso near Fort Bliss (79924, 79934), Mission Valley (79907, 79915), Central (79903), and Horizon City (79928).
Texas basics that apply here: Texas has no transfer tax and no state income tax, and title insurance premiums are set by the Texas Department of Insurance. Property taxes are high and billed each October and paid in arrears, so lenders usually collect about 2–6 months of taxes into escrow at closing, depending on the closing month; the seller's prorated tax credit for the months they owned the home offsets part of that. Owner-occupants get the homestead exemption and a 10% cap on yearly appraisal increases after the first year. A cash-out loan on a homestead is limited to 80% of value under Section 50(a)(6). Statewide down payment help includes TSAHC (Homes for Texas Heroes, Home Sweet Texas) and TDHCA (My First Texas Home).
Closing costs are what it costs you to get the loan: origination, discount points, appraisal, and escrow and title. Cash to close also includes your prepaids (first-year homeowners insurance, daily interest to month-end, and an escrow deposit for your own future property taxes and insurance) plus your down payment. Prepaids aren't a cost of the loan; they're your own bills paid ahead. In El Paso, property-tax escrow (often 2–6 months, partly offset by the seller's prorated tax credit) and the first year of homeowners insurance are the main prepaids. Your actual closing costs depend on county, price and loan type, so we don't quote a one-size range: every line is itemized on your Loan Estimate, and our Bare Bones guarantee means we add no fees of our own. Compare states on our closing costs by state page.
El Paso County: conforming $832,750 and FHA $541,287 (the national floor) for a one-unit home. VA has no loan limit for borrowers with full entitlement.
Conventional (as little as 3% down for eligible first-time buyers), FHA (3.5% down, 580+ score), VA (no down payment for eligible veterans with full entitlement), jumbo above the conforming limit, DSCR loans that qualify on rent, bank statement loans for self-employed borrowers, asset-based and 1099 loans, and rate-and-term or cash-out refinances. As a broker we compare wholesale lenders, more than 100 on complex files, instead of one bank's menu.
Terms for each are on its own page; see all iQRATE guarantees.
Yes. Eligible service members and veterans with full entitlement need no down payment and face no VA loan limit.
Yes. Some non-QM lenders offer ITIN loans, usually with a larger down payment and alternative credit.
$541,287 for a one-unit home in El Paso County. The conforming limit is $832,750.
Some foreign national and non-QM lenders accept documented foreign income. Rules vary by lender.
Yes. The City of El Paso offers first-time buyer help of up to about $20,000 when funded, and statewide TSAHC and TDHCA programs are available.
About $314,987 for listings in September 2026, according to WealthyBud's metro data.
Yes. We can pre-approve you before you arrive, and much of the closing can be signed electronically.
About 2.64% in 2025 for a City of El Paso home in El Paso ISD, before exemptions. Other school districts change the total.
Closing costs depend on the price, loan type and county, so yours are itemized on your Loan Estimate rather than quoted as a range. Closing costs are what it costs to get the loan (origination, points, appraisal, escrow and title). Cash to close also includes prepaids and your down payment; in El Paso, property-tax escrow (often 2–6 months, partly offset by the seller's prorated tax credit) and the first year of homeowners insurance are the main prepaids.
Most of our loans close in under 30 days. For eligible full-documentation conventional, FHA and VA purchases, our goal is 17 calendar days from signing initial disclosures.
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iQRATE Mortgages · NMLS 1862492 · 6360 S Rainbow Blvd Ste 101, Las Vegas, NV 89118 · Licensed in Nevada, California, Texas and Florida. David Ghazaryan, Mortgage Broker, NMLS 1486726. Verify us on NMLS Consumer Access. Equal Housing Opportunity. Programs, rates and terms change and are subject to credit, property and underwriting approval; local facts on this page come from the public sources below and are not legal or tax advice.
More: Texas mortgage broker · DSCR loans · Bank statement loans · Our guarantees · Closing costs by state
