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

Amount Financed $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?

Home Buying In A Competitive Market October 20, 2020

Home Buying In A Competitive Market

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy […]

Is It Time To Refi? October 13, 2020

Is It Time To Refi?

A new study shows that forty-three percent of 30-year mortgage holders are eligible for a refinance that would lower their mortgage rates. That means their credit rating is at least 720, they have at least 20% equity in their homes, and they can reduce their mortgage rate by at least 0.75% through refinancing, according to […]

Existing Home or New Construction? October 6, 2020

Existing Home or New Construction?

Finding the perfect home to purchase is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from […]

Why Getting Pre-Approved Is So Important September 29, 2020

Why Getting Pre-Approved Is So Important

Getting a pre-approval from a mortgage lender in is a great first step in the homebuying process. When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within […]

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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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