Dallas Mortgage Market Sees Shift in Condo and Single-Family Lending 2026-07-24 Dallas mortgage update condo vs single family mortgage considerations
Market Update
The Dallas mortgage market has seen a rise in condo sales, with a 12% increase in active listings compared to the same period last year. However, single-family home sales have plateaued, with a 3% decline in new listings in the past quarter.
Mortgage Rate Trends
According to local loan officers, current mortgage rates in Dallas have stabilized, with a slight decrease in 30-year fixed rates from 5.5% to 5.2% in the past month. However, 15-year fixed rates have risen from 4.5% to 4.8% due to increased demand for shorter-term mortgages.
Local Expert Spotlight
With over 5 active loan officers in the Dallas area, experts agree that a key factor in condo vs single-family home lending is the borrower's credit score. A minimum credit score of 680 is often required for condo financing, compared to 620 for single-family homes, according to local professionals.
Featured Local Experts
Daniel Phillip Aaron
- NMLS: 703128
- Location: Dallas
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Indu Kapoor
- NMLS: 296179
- Location: Dallas
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David Warren Edmondson
- NMLS: 1577305
- Location: Dallas
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Sushil Patel
- NMLS: 793633
- Location: Dallas
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Whitney Erin Kelly
- NMLS: 2086820
- Location: Dallas
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