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Reviewed by David Ghazaryan, Mortgage Broker, NMLS 1486726 · iQRATE Mortgages · Last updated: October 13, 2026
Quick answer
A Lubbock mortgage broker compares many lenders for the FHA, VA, conventional and investor loans used on the South Plains. iQRATE Mortgages (NMLS 1862492) is licensed in Texas and shops more than 100 lenders on complex files. Lubbock County's 2026 limits are $832,750 conforming and $541,287 FHA. For 2025, the City of Lubbock rate was $0.472191, Lubbock ISD $0.8672 and Lubbock County $0.327425 per $100, about $1.67 before the hospital and college districts and other units on your bill.
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5.0 stars from 87 reviews on Experience.com (October 2026) · Read David's reviews on Experience.com
Lubbock is a university, medical and agriculture town. Texas Tech University and its Health Sciences Center, University Medical Center, Covenant Health and the cotton economy shape who buys here: students' parents buying a home near campus, residents and nurses, ag families and investors who rent to students.
Part of our Texas mortgage broker coverage. We're licensed in Texas under company NMLS 1862492 and work Lubbock files from our Las Vegas office, closing with local escrow and title.
Areas and ZIPs we lend in: Tech Terrace and Overton (79410, 79401), central Lubbock (79411, 79413), southwest Lubbock and Lakeridge (79414, 79424), Wolfforth (79382), south Lubbock-Cooper area (79423) and Shallowater (79363).
Lubbock addresses can be zoned to Lubbock ISD, Frenship ISD or Lubbock-Cooper ISD. Lubbock-Cooper's 2025 rate was $1.1669 per $100 compared with Lubbock ISD's $0.8672, so the same price can carry a noticeably different tax escrow. We price your payment with the real district for the address.
Hail and high wind are common on the South Plains. Insurers look closely at roof age and material, and many policies carry a separate wind/hail deductible, often a percentage of the dwelling coverage. An impact-resistant roof can lower the premium with some carriers. Ask for the roof's age and any past claims before you make an offer.
UMC, Covenant and Texas Tech Health Sciences Center residents and nurses may qualify for physician or medical professional loans with low down payments.
Lubbock's growth runs south along US-87 and the Loop 88 outer loop, with new subdivisions and commercial development. New-construction buyers should ask about special district taxes and builder incentives.
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 Lubbock, 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; West Texas hail makes roof age and wind/hail deductibles a big part of the insurance quote. 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.
Lubbock County: 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.
For 2025, the City of Lubbock was $0.472191, Lubbock ISD $0.8672 and Lubbock County $0.327425 per $100, about $1.67 before other districts.
Yes, usually as a second home or investment property; some lenders allow the parent to co-sign for the student.
Some do; others use the appraiser's whole-home market rent.
It may be Lubbock, Frenship or Lubbock-Cooper ISD, each with a different tax rate.
$541,287 for a one-unit home. The conforming limit is $832,750.
Yes. Roof age and material drive premiums, and many policies have a separate wind/hail deductible.
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 Lubbock, 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; West Texas hail makes roof age and wind/hail deductibles a big part of the insurance quote.
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
