DFW Home Mortgage Expert

Helping you and your family achieve the dream of homeownership.

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Rick Morgan

Rick Morgan

Loan Officer

(972) 755-4876
NMLS #1461941

Which Home Loan is Right for You?

3 of the most popular DFW home loans we provide here at Mid America Mortgage DFW are listed below. We've highlighted just a few of the key differentiators between these mortgage types that will help you understand which one may be best suited for your needs. If you'd like to learn more about all the DFW home mortgage products we offer, please click below.

Conventional Home Loans DFW

Typically a fixed rate home loan that allows the borrower to eliminate mortgage insurance once they hold >20% equity in their property.

  • Lower Rates
  • Flexible Terms
  • Fixed or Adjustable
Learn More

FHA Home Loans DFW

This home loan program allows down payments as low as 3.5% of the purchase price, although you are required to pay mortgage insurance.

  • Lower Credit Requirements
  • Smaller Down Payment
  • Competitive Rates
Learn More

VA Home Loans DFW

Reserved for those who serve our country. VA home loans offer 100% financing, low interest rates & don't require mortgage insurance.

  • 0% Down Payment
  • No Mortage Insurance
  • No Prepayment Penalties
Learn More

What people are saying about Rick Morgan

5.00 Rating ∙ 2 Reviews on Zillow

Great Experience!

Catrina St Lewis - 04/17/2019

Rick was my loan officer and assisted me and my family through the loan process while shopping for a house. I am thankful for his knowledge and expertise and all that he did to support us and because of that support we were able to successfully purchase our very first home. Rick and his team are amazing and I cannot say enough other than to say I am so grateful for all that was done to ensure our happiness through this process.

Loan Type FHA
Loan Purpose Purchase
Loan Program 30 Year Fixed
Mortgage services provided by Rick Morgan

Highly Recommend!

Kevin R - 04/13/2018

Rich and his entire team were a dream to work with. I am self-employed, which can create some challenges when going through the process of buying a house. Rick was patient, knowledgeable, even-keeled, and kept us updated and encouraged throughout the process. I couldn't recommend him more highly. We just closed on a beautiful home last week and will be utilizing him again.

Loan Type Conventional
Loan Purpose Purchase
Loan Program 30 Year Fixed
Mortgage services provided by Rick Morgan

Calculate Your Mortgage

$

5%

1%

5%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.
$

5%

1%

5%

$
$

$1421

Monthly FHA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Monthly Mortgage Insurance $0

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.
$

0%

1%

5%

$
$

$1421

Monthly VA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Purchase Price $1421

VA Funding Fee $1421

$1421

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.

What's Your Home Worth?

Do You Have Enough Saved For A Down Payment? August 3, 2021

Do You Have Enough Saved For A Down Payment?

How big of a down payment do you need for a house? That’s going to depend entirely on the type of mortgage you choose. For some, it could be literally nothing — not a dime. Most will need at least 3% or 3.5% of the purchase price. The down payment amount you’ll need depends on […]

Things That You Should Do After Buying a House July 23, 2021

Things That You Should Do After Buying a House

Buying a house is a costly and time-consuming process. Luckily, if you are reading this article, it is safe to assume that you can put that behind you and start making your house your own. While it might seem like a challenging task, it does not have to be that way. Here is a list […]

3 Ways To Tap Your Home Equity July 16, 2021

3 Ways To Tap Your Home Equity

If you’re a homeowner in 2021, there’s a very good chance that you have a fair amount of equity due to recent market appreciation. So if you’re wanting to take advantage of historically low borrowing rates and pay off debt or do some home improving, there are a few ways to go about it. There […]

Ways To Make Your Home More Secure July 9, 2021

Ways To Make Your Home More Secure

Your home is possibly the most important, and probably the most expensive, commodity you will ever purchase. That said, it makes a lot of sense to put some time and effort into protecting it! While your exact security needs will vary based on the type of home you own, and your neighborhood, the following home […]

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Contact Rick Morgan

Rick Morgan - Loan Officer

NMLS# 1461941

(972) 755-4876

1003 Long Prairie Rd Suite 1 Flower Mound, TX 75022

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