Loan Programs Calculator Process FAQ Get Pre-Approved
โญ Top Mortgage Broker โ€” DFW 2024

Your Dream Home Starts With the Right Loan

15 years of expertise. 1,400+ families financed. As a McKinney-based independent mortgage broker, I shop 50+ lenders to find YOU the best rate โ€” not just the best rate for my bank.

30-Yr Fixed
6.74%
APR 6.89% ยท as of today
15-Yr Fixed
6.12%
APR 6.31% ยท as of today
5/1 ARM
6.38%
APR 7.02% ยท as of today
๐Ÿฆ Get Pre-Approved Today ๐Ÿ“Š Calculate My Payment
CLEARPATH MORTGAGE
Pre-Approval Amount
$485,000
Conventional ยท 20% down ยท 740 score
Approved in 24hrs
David Chen, NMLS #204817
Senior Mortgage Broker ยท ClearPath
โ˜…โ˜…โ˜…โ˜…โ˜…
4.9 ยท 312 reviews
Loan Products
Find the Right Loan for Your Situation

I work with 50+ lenders to find you the best rate and terms โ€” not just what one bank offers.

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Conventional Loans
From 6.74% ยท 30-Yr Fixed

The most popular loan type. Great rates for buyers with good credit and 5โ€“20% down payment.

  • โœ“ Min 620 credit score
  • โœ“ As low as 3% down
  • โœ“ No upfront MIP
  • โœ“ PMI removable at 20% equity
๐ŸŽ–
FHA Loans
From 6.49% ยท Low Down Payment

Perfect for first-time buyers or those with lower credit scores. Government-backed with flexible requirements.

  • โœ“ Min 580 credit score
  • โœ“ Only 3.5% down required
  • โœ“ Gift funds allowed
  • โœ“ Higher DTI ratios OK
โญ
VA Loans
From 6.12% ยท $0 Down

Exclusive to veterans and active-duty military. The best loan available โ€” no down payment, no PMI.

  • โœ“ Zero down payment
  • โœ“ No PMI ever
  • โœ“ Competitive rates
  • โœ“ Flexible credit requirements
๐ŸŒพ
USDA Loans
From 6.25% ยท Rural Areas

For homes in eligible rural and suburban areas around McKinney. Zero down payment required.

  • โœ“ Zero down payment
  • โœ“ Low mortgage insurance
  • โœ“ Income limits apply
  • โœ“ Parts of Collin Co. eligible
๐Ÿ’Ž
Jumbo Loans
From 6.88% ยท High-Value Homes

For luxury properties above the conforming loan limit ($766,550 in Collin County).

  • โœ“ Up to $3M loan amounts
  • โœ“ Min 700 credit score
  • โœ“ 10โ€“20% down
  • โœ“ Competitive jumbo rates
๐Ÿ”„
Refinance
Rate & Term or Cash-Out

Lower your rate, reduce your term, or tap your home's equity. I'll run the numbers to see if refinancing makes sense for you.

  • โœ“ Rate & term refinance
  • โœ“ Cash-out up to 80% LTV
  • โœ“ Streamline options available
  • โœ“ Free break-even analysis
Mortgage Calculator
Estimate Your Monthly Payment

Use this calculator to get a rough estimate of your monthly mortgage payment. For a precise pre-approval with real rates, contact me directly.

๐Ÿ“‹
Free Pre-Approval Letter
Same-day decisions in most cases
๐Ÿ”’
Rate Lock Available
Lock your rate for up to 90 days
๐Ÿค
No Obligation Consultation
Talk to me before you commit to anything
๐Ÿ’ฐ Payment Estimator
Est. Monthly Payment
Principal & Interest only
$2,601
Get My Exact Rate โ†’
How It Works
From Application to Keys โ€” I'm With You Every Step
1
Free Consultation
We review your goals, credit, and finances. I explain all your options with zero pressure.
๐Ÿ“ž Same Day
2
Pre-Approval
I shop 50+ lenders and return with your pre-approval letter and best available rate.
โšก 24 Hours
3
Home Shopping
You shop for homes with confidence. I'm available to run numbers on any property you like.
๐Ÿ  Your Timeline
4
Close & Celebrate
From underwriting to closing table, I handle everything. Most loans close in 21โ€“30 days.
๐ŸŽ‰ 21โ€“30 Days
Common Questions
Mortgage FAQ
๐Ÿ’ณWhat credit score do I need?
It depends on the loan type. Conventional loans require a minimum 620 score, FHA loans go as low as 580, and VA loans have flexible requirements. I work with buyers at all credit levels and can advise on improving your score if needed.
๐Ÿ’ตHow much down payment do I need?
As little as 0% (VA/USDA), 3% (Conventional), or 3.5% (FHA). I'll help you find the right balance between down payment size and monthly payment for your financial situation.
โฑHow long does the mortgage process take?
Pre-approval typically takes 24 hours. From accepted offer to closing, most of my loans close in 21โ€“30 days. I stay in constant communication throughout so you always know where things stand.
๐Ÿ“ŠWhat's the difference between pre-qual and pre-approval?
Pre-qualification is a quick estimate based on self-reported info. Pre-approval is a thorough review of your actual documents and gives sellers confidence you can close. I always recommend full pre-approval before you start home shopping.
๐Ÿ”„Should I refinance right now?
It depends on your current rate, how long you plan to stay in your home, and your goals. I'll run a free break-even analysis to show you exactly when โ€” and if โ€” refinancing makes financial sense for your situation.
๐ŸฆWhy use a broker instead of my bank?
Your bank only offers their own products. As an independent broker, I shop 50+ lenders โ€” banks, credit unions, and wholesale lenders โ€” to find you the lowest rate and best terms available in the market.
๐Ÿ’ฐWhat are closing costs?
Typically 2โ€“5% of the loan amount, covering appraisal, title, origination fees, and prepaid items. I provide a detailed Loan Estimate upfront so you know exactly what to expect โ€” no surprises at closing.
๐Ÿ”’Can I lock in my interest rate?
Yes! I offer rate locks for 30, 45, 60, and 90 days. Once locked, your rate is protected even if market rates rise. I'll advise you on the best time to lock based on current market conditions.
DAVID CHEN ยท NMLS #204817 CMBยฎ Certified Mortgage Banker Top Producer 2024 Award
1,400+
Loans Closed
About David
Your McKinney Mortgage Expert Since 2009

I started ClearPath Mortgage because I was tired of seeing homebuyers get locked into bad loans by banks that put their profits first. As an independent broker, my only loyalty is to YOU.

  • โœฆ Certified Mortgage Banker (CMBยฎ) โ€” top 1% of mortgage professionals nationally
  • โœฆ Access to 50+ wholesale lenders โ€” banks, credit unions, and private lenders
  • โœฆ Average closing time: 23 days (industry avg: 47 days)
  • โœฆ $0 lender fees on most conventional loans
  • โœฆ Fluent in English and Mandarin โ€” ๆ™ฎ้€š่ฏๆœๅŠก
CMBยฎ Certified NMLS #204817 TMBA Member BBB A+ Rated
Get Started
Ready to Get Pre-Approved?

It takes less than 10 minutes to apply. I'll have your pre-approval letter ready in 24 hours โ€” often same day.

๐Ÿ“ž
Phone / Text
(469) 555-0198
โœ‰๏ธ
Email
david@clearpathmortgage.com
๐Ÿ“
Office
6800 Weiskopf Ave, Suite 150
McKinney, TX 75070
๐Ÿ•
Hours
Mon โ€“ Fri8am โ€“ 7pm
Saturday9am โ€“ 5pm
SundayBy appointment
AI Assistant24/7 ๐Ÿค–
Apply for Pre-Approval
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