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Reviewed by David Ghazaryan, Mortgage Broker, NMLS 1486726 · iQRATE Mortgages · Last updated: October 13, 2026
Quick answer
A Katy mortgage broker compares many lenders for the new-construction, conventional, FHA and relocation loans common west of Houston. iQRATE Mortgages (NMLS 1862492) is licensed in Texas and shops more than 100 lenders on complex files. Katy spans Harris, Fort Bend and Waller counties, all with 2026 limits of $832,750 conforming and $541,287 FHA. The biggest local cost is the municipal utility district (MUD) tax: Fort Bend MUD rates range from about $0.22 to more than $0.85 per $100, on top of Katy ISD's $1.1171, so two homes at the same price can have very different payments.
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5.0 stars from 87 reviews on Experience.com (October 2026) · Read David's reviews on Experience.com
Katy draws families for Katy ISD, energy-corridor jobs and new master-planned communities like Cinco Ranch, Cross Creek Ranch, Elyson and Sunterra. Many buyers are relocating with an employer, and many buy new construction. Our job is to compare the full monthly payment, including MUD and HOA, and to test the builder's financing offer against the open market.
Part of our Texas mortgage broker coverage. We're licensed in Texas under company NMLS 1862492 and work Katy files from our Las Vegas office, closing with local escrow and title.
Areas and ZIPs we lend in: Old Katy (77493, 77494), Cinco Ranch (77450, 77494), Cross Creek Ranch and Fulshear (77441), Grand Lakes (77450), Firethorne (77494), Elyson and Sunterra (77493, 77423), and Bridgeland and Cypress (77433).
Flood zones and drainage matter here. After Hurricane Harvey, buyers ask for the flood history, and the Texas seller's disclosure asks about past flooding.
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 Katy, the first year of homeowners insurance (with flood coverage near Addicks, Barker and Cypress Creek) and 2–6 months of property-tax escrow, offset by the seller's tax credit, are the big 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.
Harris, Fort Bend and Waller counties: conforming $832,750 and FHA $541,287 for a one-unit home (FHFA and HUD).
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.
A municipal utility district tax that pays for water, sewer and drainage infrastructure in newer communities. It's billed with your property taxes and counts in your mortgage payment.
It depends on the MUD and county. Katy ISD is $1.1171 per $100 for 2025, and MUDs add about $0.22–$0.85 or more, so many Fort Bend homes total roughly 1.8–2.4% before exemptions.
Katy spans Harris, Fort Bend and Waller counties. Your appraisal district and homestead filing depend on which one.
$541,287 for a one-unit home in all three counties. The conforming limit is $832,750.
Compare both. Some incentives are worth more than a lower outside rate, and some aren't.
Some areas near Addicks and Barker reservoirs and Cypress Creek did. Ask for the seller's flood disclosure and get a flood quote.
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 Katy, the first year of homeowners insurance (with flood coverage near Addicks, Barker and Cypress Creek) and 2–6 months of property-tax escrow, offset by the seller's tax credit, are the big 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.
Get My Custom Rate Now · or call (702) 766-3744
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
