LOCAL

Mortgage Pros

Your best choice for securing a product & rate tailored to you. Let our team of highly experienced LOCAL professionals provide you a 5-Star experience as they partner with the best agents & title services in your area, ensuring you close on time and trouble free.

Why Local?

Because it's better

Find Your Local

Our LOCAL Pros live & work near you, not in a city far away. They're experts with raving fans and connected to the best real estate services in your area. Powered by Local Mortgage Pros' team & tech they deliver you a superior mortgage experience.

No Hassle

Loan Quote

Start Yours Now

Do you win when banks compete? Maybe, but one thing is certain you don't need a mob of sales people from all over the country harassing you to get a great rate! Try our low stress, fast & easy loan quote with no credit inquiry.

6K+

Loans Approved

20Yrs

Experience

98%

Client Satisfaction

24h

Ave Approval Time

LOCAL Feedback,

see what customers are saying about us

★ ★ ★ ★ ★

I just refinanced my home(this was my second time using Guaranty Federal Mortgage)and what a BREEZE it was! As Chris stated over the phone many times, he has a lot of people behind the scenes that make a complicated job appear easy. In my opinion, this is a client's dream come true! Amazing communication and execution! Chris is very complimentary of his staff and I think that's incredibly important...I live over 250 miles away and would use GFM again in a heartbeat.process. I have heard horror stories of long, drawn-out processes to get refinances closed--even to the point of never closing. In talking to other potential lenders, I was left shaking my head at their apparent lack of knowledge and evasiveness in their ability to answer my questions as well as the amount of time quoted it would take to close. This was definitely not the case with Guaranty. Guaranty knows getting the lowest interest rate alone should not be the goal of the process, rather it is a blend of interest rate, term, cash outlay and payout on those cash costs that results in the best financial outcome for the borrower--and they were willing and able to take the time to thoroughly explain every step of the process to me and update me all along the way. Best of all, we closed in only TWO WEEKS from application and received a competitive interest rate with minimal cash out of pocket (far lower closing costs than I was quoted by other lenders). The whole team was fantastic, but I cannot say enough about their founder and leader--Chris Peck. I cannot sing his praises enough....he was a real oasis of knowledge and experience in the sea of uncertainty I found elsewhere. I could not believe the ease I experienced all through the process.

Amanda A

Refinance Borrower

★ ★ ★ ★ ★

As a busy real estate broker and a 15 year veteran of buying and selling real estate the last thing I want to do is have to manage a lender. I've dealt with 100s of lenders and GFM is by far the best in the business. I never have to worry about whether a loan will close because if GFM says a buyer is qualified, I know they are good to go! These days so many lenders over promise and under deliver. GFM has always delivered for me and my clients. I recommend all buyers to use GFM. They have the best rates, best pricing and best customer service in the industry. And they can close fast! Hard to close deals? GFM can get them done! Buyers that have other lenders say NO! GFM will say YES! GFM is the only lender that I use. - David Maisch, Broker / Owner, Zero Dollar Listings, Inc.

David M

Real Estate Broker

★ ★ ★ ★ ★

I highly recommend Guaranty Federal Mortgage! They were able to get us a great loan with a low rate! My husband and I were in search of our first home together when we soon realized this market was even tougher than expected. We had a complicated loan with lots of obstacles. They made sure we understood completely what we needed and how to get it. Chris **** and his eager and knowledgeable team walked us thorough the entire process start to finish without any negative surprises! They stayed the course with us for 2 years ultimately making our dreams of homeownership a reality. Could NOT have done it with anyone else! I am truly grateful for the ENTIRE team at GFM!!

Lisa B

Purchase Borrower

★ ★ ★ ★ ★

R. Robinson- Southlake, Tx 2018-This was our 3rd time in 4.5 years to use Guaranty Federal Mortgage and our experience was no different then all the rest, phenomenal. Our loan was a lot more difficult this time with requiring multiple lien companies, being told "no" by second lien companies, tax return hiccups and inadequacies, 9 letters of explanation of how my small business operates, etc. However, with all these hiccups, Guaranty Federal Mortgage worked tirelessly to get this loan and we closed on our house Friday! The AMAZING people behind the scenes at Guaranty Federal Mortgage accomplished this loan for us. It was evident the whole group was working together to figure out how to get my wife and I this house and we could not begin to thank you all enough!!! We will NEVER go anywhere else. Thank you guys from the bottom of our hearts!!

R Robinson

Repeat Client

★ ★ ★ ★ ★

L. Newton-Garland, TX 2018-I was a first-time buyer and just have one word to say about Guaranty Federal Home Loans “WOW”. Throughout the process everyone at Guaranty Federal Loans were very responsive, excellent to communicate with, and got everything done promptly, smoothly, and correctly. They made buying my new home for my family a pleasant experience. When there were so many other things to worry about during this process and many of them that could have gone wrong, this part was straight forward and a giant weight off my mind. Moreover, the whole team at Guaranty Federal Loans was over-the-top amazing!! We will recommend Guaranty Federal Loans to friends & family! The process was seamless. In this electronic age, this is how things need to be.

L Newton

New Home Buyer

★ ★ ★ ★ ★

J. Smith-Lewisville, Tx 2018-First of all I want to say THANK YOU!!! This company Rocks!!! If you want to get approved in a short period of time with no nonsense, I highly recommend Guaranty Federal Mortgage!!! This company does not mess around; they get down to business. GFM is all about providing front-end information so you fully understand what is necessary upfront in regards to the paperwork. We had an experience with Quicken Loans where it took almost 5 weeks into the process to find out that we still did not provide enough paperwork. At this point, we were fed up with Quicken!!!!! Our Real Estate Agent recommended GFM. What took Quicken 5 weeks took GFM 8 days respectively. I’ll I can say is that this company is ON IT!!! Best experience ever!!!

J. Smith

Home Buyer

LOCAL Game Changers,

Insider info & success stories

★ ★ ★ ★ ★

Could not have had a better refinancing experience than with Guaranty Federal. First off, refinancing can be a confusing and stressful process. I have heard horror stories of long, drawn-out processes to get refinances closed--even to the point of never closing. In talking to other potential lenders, I was left shaking my head at their apparent lack of knowledge and evasiveness in their ability to answer my questions as well as the amount of time quoted it would take to close. This was definitely not the case with Guaranty. Guaranty knows getting the lowest interest rate alone should not be the goal of the process, rather it is a blend of interest rate, term, cash outlay and payout on those cash costs that results in the best financial outcome for the borrower--and they were willing and able to take the time to thoroughly explain every step of the process to me and update me all along the way. Best of all, we closed in only TWO WEEKS from application and received a competitive interest rate with minimal cash out of pocket (far lower closing costs than I was quoted by other lenders). The whole team was fantastic, but I cannot say enough about their founder and leader--Chris Peck. I cannot sing his praises enough....he was a real oasis of knowledge and experience in the sea of uncertainty I found elsewhere. I could not believe the ease I experienced all through the process.

William F

Refi Borrower

★ ★ ★ ★ ★

I am a realtor with Z Texas Real Estate and have had several clients work with Guaranty Federal Mortgage. They have been extremely efficient and work very closely with my clients. The very thing I appreciate is they return all of my emails, texts and phone calls immediately. The E-close is way ahead of the times we are now in and I appreciate that. I would highly recommend GFM to anyone looking online for a great mortgage company. Thank you to everyone who helped us.

Sandra M

Agent

★ ★ ★ ★ ★

Working with Guaranty has been so easy! They were honest and straight forward about the entire process. I felt very comfortable that they were on my team and trying to help me make the best decision for our financial situation. They gave us the best options and rates immediately unlike other big name companies who kept changing the terms of the loan every time we would say we weren't interested. We will definitely recommend them to our family and friends!

Danita B

Borrower

★ ★ ★ ★ ★

GFM is a very professional, efficient company, that gets the job done well, and in a timely manner. They are very easy to work with, and very communicative (which I deem very important). The rates offered are competitive rates, and the fees are minimal. The whole GFM team is great, and they are very good at what they do. I would recommend them to everyone I know, that is looking to purchase a house. Thanks GFM team for making this very stressful, yet exciting, process seamless and fast

Michelle P

Purchase Borrower

★ ★ ★ ★ ★

A. Aguillard-San Antonio Tx 2018- We found our dream home in early October but this dream home came with a price tag of complexity due to the seller having a lien on the property. Unfortunately, this lien created much heartache, stress, time, and redundant financing applications for us, the buyers. After two months of waiting and being near wits end, I contacted my financial advisor for any leads on a lender that might be able to help...Chris Peck was amazing from start to finish. He listened clearly, gathered his OWN information as to not burden me by contacting the working title agency, and had a new loan ready to go In a few short weeks. I’ve owned homes before, but since this is not an everyday purchase, I appreciated his reminders of each and every step that would take place. Being CLEAR, CONCISE, and PRECISE is everything to me and Chris and his team fulfilled all of these. His team went above and beyond over the holidays, Lisa working on Christmas Eve, Dan overseeing my file when needed, and countless others behind the scenes...ALL of which made it possible for my family and I to successfully close on our home on 12/31/18. What a great way to begin 2019...Thank you GFM!!! Outstanding support and service.

A Aquillard

New Home Buyer

Mortgages Designed To Reach Your Goals,

tailored to you by our LOCAL Pros

Purchase Loans

Primary Residence, Investment,

Second Home loan purposes.

Conforming, Jumbo, FHA, VA, USDA and new options like Non-QM provide you many different choices in loan products when purchasing a home or investment property.

Purchase FAQs

Refinance Loans

Already own it consider one of these scenarios, reducing your rate, combining a 1st & 2nd, consolidating debt, shortening your loan term, refinancing a construction loan or even lower your payment by eliminating monthly mortgage insurance.

Refinance FAQs

Other Options

Non-QM, Construction, HELOC & Hard Money loans, aren't the most common loan products but these are very useful alternatives you may want to consider when traditional mortgage products don't meet your goals or you don't meet their guidelines.

Other Options

Your mortgage should be about you and your goals,

it's your financial future!

Start Now

Your first priority should be getting fully approved,

click "Start Now" for a no credit inquiry loan quote.

Frequently Asked Questions

How do I apply for a loan?

We've made it easy for you. If your just shopping for a loan try our no hassle loan quote at the top of the page. It provides you an accurate quote, not only rate but everything else too.

What are your closing costs?

Depends on your strategy, most lenders misquote or low ball your home owners insurance, property taxes and title company fees either because they don't know or they don't want to quote higher closing costs than a competitor. Here's a little secret, the only fees your lender can really control are in section A of the LE, Loan Estimate. It's a federally mandated disclosure every lender must send you once you completed an application and it discourages bait and switch. https://www.consumerfinance.gov/owning-a-home/loan-estimate/

What's a no closing cost loan?

It's a sales pitch, there's no such thing as no closing costs. Title companies, insurance companies, property tax collectors, appraisers, surveyors and credit vendors all get paid at closing. The question is who pays for it? The answer is the borrower unless there are enough seller or agent concessions to cover all the closing costs. Or the lender locks you with a high enough rate so they can cover closing costs or it's combination of interested party concessions.

What are points?

Points are closing costs and part of lender fees in Section A of your Loan Estimate (LE). Either discount or origination they increase your closing costs. They can be used to pay the lender for their origination services or in the case of discount they are charged to buy the rate down to a lower rate that is less profitable or a cost to the lender because it's a rate below the current market's average.

Can I provide my credit report?

No, the lender must obtain a tri-merge mortgage credit report in their name from their credit vendor. This is why your single score bank or credit card company provided report isn't accurate. Also lenders need to order your tri-merge mortgage credit report so they can run your application through their AUS, Automated Underwriting Systems such as Fannie Mae's DU, Desktop Underwriter.

What documents do I need?

With our no hassle loan quote, none! and within minutes we can provide you an accurate loan quote if you provided us accurate info. At this point it's best to have a quick conversation so you can select the best rate and strategy for you. Once you choose, we'll provide you a quote with a list of documents to upload securely to us, provide your approval to proceed with an application, sign an online credit authorization form and provide us your social security # so we can pull your tri-merge credit report and begin work on your application.

What is an LE?

An LE is a Loan Estimate. It's a three page document required by TILA-RESPA Integrated Disclosures to be delivered to the consumer within three days of an application. An application is considered given when the consumer provides the following six pieces of information to a lender. These are; name, income, social security #, subject property address, estimated value and loan amount. Once obtained by the lender, the lender then must put an LE in the mail within three business days or deliver it electronically. Unlike a loan quote or rate and fees estimate, the LE holds the lender accountable with certain fee tolerances and reduces the risk of a bait-and-switch offers.

https://www.consumerfinance.gov/owning-a-home/loan-estimate/

Why didn't I get an LE?

Many lenders will send you a rate or loan quote in accurate closing costs. That's because they aren't on the hook to quote accurate rate and fees like they are with an LE. Once they send you the LE, Loan Estimate they have to stand by the numbers they quoted. There are several reasons originators delay delivering the LE such as; they don't have accurate info yet, they don't want lose your business to someone who's not accurately quoting closing costs, or they are inexperienced. Remember the only fees your lender can truly control are their lender or origination fees in Section A of the LE, the rest are third parties they don't control.

Have More Questions

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What Are Your Rates?

The most frequently asked question after "how much can I borrower?"

Answer, "what rate do you want?"

Rates FAQs

What's the lowest rate?

Are you a Vet? If yes, VA has the lowest rates compared to Conforming Loans. FHA is usually between VA and Conforming. This is why gov't loan products are the most often quoted rates in advertisements. But your rate is determined by a multitude of factors that depend on you. The next FAQ has more on that...

What determines my rate?

You do, but most borrowers believe it's just their credit score but in reality it's just 1 of 7 factors which are: 1) Pricing Strategy 2) Credit mid-score 3) Loan Product, 4) Loan Purpose, 5) Occupancy 6) Loan Amount and 7) LTV, Loan to Value. Take strategy for example, do you want to buy down your rate to get a below market rate? Or would you prefer to save upfront with a low to no closing costs loan? Some of these pricing criteria are called LLPAs, Loan Level Price Adjustors and investors apply them when offering to buy any lender's loans.

Want to see what LLPAs look like check out the link below to Fannie Mae.

https://singlefamily.fanniemae.com/media/9391/display

How do I know if the rate I'm offered is accurate?

If anyone quotes you rate and they haven't completed your application, obtained all three credit bureau scores for each borrower, reviewed all documents supporting the income and assets used on your application and put it thru an Automated Underwriting System, AUS like DU, Desktop Underwriter, then it's just an educated guess at best. Plus the rate quote means nothing if they haven't locked it, as rates can change throughout the day and drastically overnight when market conditions deteriorate.

Should I float or lock?

Our philosophy is if you like the payment quoted then lock it and don't look back. Unless you're a gambler. It's been our experience over the years that borrowers have more to lose when pursuing a floating strategy. Here's one example, you're floating and during your approval process it's determined you barely meet the DTI, Debt to Income ratio for the loan product you chose. Rates go up rapidly prior to your closing and they don't come back down enough prior to your contract date. You then spend more money in closing costs for points to buy down the rate so that your DTI qualifies.

What if rates improve?

Typically our loans are closing from lock date to docs at title in ten business days. During that time there is rarely any significant movement. However on longer locks like 45 and 60 days there can be enough movement to warrant what's referred to as a float down. Please reach out to your Mortgage Pro and discuss, and they will do whatever they can to negotiate a lower rate without you having to pay any points.

What if my rate lock expires prior to closing my loan?

With your cooperation LOCAL takes loans from application to clear to close in 2 weeks or less, using 30-day locks. If an extension or re-lock is required it's typically due to circumstances beyond LOCAL's control. However, we will work on your behalf and with the those responsible for the delay to cover the cost of extensions. If the delay is due to you, then all or part of the cost to extend or re-lock may be passed on to you on the CD "Closing Disclosure". Rarely is an extension due to LOCAL, but if so, we'll cover the cost of an extension or re-lock entirely.

Conforming 30 yr fixed rate mortgage

FHA 30 yr fixed rate mortgage

VA 30 yr fixed rate mortgage

Contact Us

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What phase are you in?

Just look'n?

Just doing some research and don't want to be bothered with an application just yet? Why not try our Chat feature above or the link below. Or perhaps you're not interested in submitting a pre-approval and would prefer to speak to someone now. If so, then use our chat links to get in touch with someone now and explore your options.

Local Pro Chat

Need an approval?

Ready to start shopping for a new home, make an offer, or refi a property? Then click "Start Here!" and submit your Pre-Approval. Once you submit it, we'll assign your application to the nearest LOCAL Pro and have your Pre-Approval including a rate & fees quote delivered to you the same business day. Review it, approve it and provide the what's requested on it, including uploading the required income and asset documents so we can complete your application, order credit, send disclosures and submit your loan to underwriting.

Start Here!

Want to learn more about our LOCAL Pros? Try our "Find Your Local" link below to search our LOCAL Pros in your area, including partnered agents. Choose who you'd like to connect with in our LOCAL network and pre-apply or contact them directly.

Find Your Local

About Us

Our First Local Pro...

Twenty years ago, Chris Peck started his company Guaranty Federal Mortgage in Frisco, Texas, a then rapidly growing suburb of the Dallas-Fort Worth Metroplex. Over the past 20 years Chris has honed his skills and built his following, becoming a highly successful mortgage professional with a 5-Star rating. He's made it his mission to provide the highest levels of service while educating his borrowers. He helps his borrowers cut through all the noise and games played by competitors, tailoring loans to their unique scenarios, he doesn't just satisfy their mortgage needs but creates raving fans for life.

The Launch of LOCAL Mortgage Pros...

While trying to find local pros like himself in other states where he wasn't licensed, Chris would ask AEs (sales reps) at his nationwide lenders he sold loans to for help finding someone like him. Often they'd refer these borrowers to their inside sales teams, they weren't bad, but they weren't Chris!

It wasn't a fair match, working for a large nationwide lender, these originators were often inexperienced and disconnected from the best local agents, title companies and mortgage related services in the borrower's area. Worse, he found their idea of good service didn't match up with his, nor did their rates and fees. So, he still needed a better solution for his borrowers who had moved out of Texas.

In 2025 Chris partnered with another originator who'd been developing LOCAL Mortgage Pros with the goal to match borrowers with top independent originators like Chris who were well connected, highly successful, seasoned mortgage experts in their local areas. This combo of skills and connections make local pros like Chris and others like him the best choice for any loan type, but especially for purchase money loans.

Local Mortgage Pros is now the Dba for Guaranty Federal Mortgage LLC, a 20 year plus successful mortgage banker in Texas. Under the "LOCAL" branding, it seeks loan originators in Texas and beyond who live for 5-Stars and raving fans to come share in LOCAL's unique offering. One that unites people, product and process to consistently deliver a 5-Star experience. By leveraging LOCAL's superior teams, tech (including AI) and CRM solutions, their originators free up valuable time to do what they do best, tailoring loans to you the borrower while providing that local advantage. LOCAL is more than simply matching up the top local mortgage pros in your area with you, it's the solution for delivering you the best mortgage experience possible!