Alex Varela - PrimeLending

Mortgage Companies

About us

Headquartered in Dallas, Texas, and established in 1986, PrimeLending, A PlainsCapital Company has grown from a staff of 20 producing $80 Million in annual closed loan volume to a staff of over 2,300 producing in excess of $8.8 Billion annually. In addition to the corporate office located in North Dallas, PrimeLending has expanded to over 250 branches across the United States and is licensed to originate and close loans in 49 states. The goal at PrimeLending is to provide unsurpassed quality service and support throughout the entire mortgage process for every client and referral source. This proactive sales and operational philosophy simplifies and accelerates the loan process at all levels. The company's experienced mortgage professionals are dedicated to making every customer’s home loan experience a positive and successful one. PrimeLending takes pride in being recognized as a premier mortgage lender offering a wide array of loan products. Mortgage loan options include fixed and adjustable rate FHA and VA, JUMBO loans, permanent construction financing, refinancing options, and relocation programs—just to name a few. PrimeLending's Core Convictions: Honesty and Integrity People Centric Culture Agile Service Beyond Expectations One Team One Purpose PrimeLending's Core Purpose: Working together to have a profound and positive impact on the lives of all we serve.

Business highlights

39 years of trusted experience

Services we offer

Complimentary credit check, pre-qualification, payment & rate estimates, USDA, VA, FHA, Conventional, Condo, Bond & Down Payment Assistance Loans, Renovation Loans, Jumbo Loans, VA Jumbo Loans, FHA 203k, Pool Escrow Loan, Gift of Equity from a family member, HomePath Financing, HomePath Renovation Financing, Investor Loans, Investor Renovation Loans, 11 years experience, Refinance/Purchase Loans, Cashout Refinances, Close on time, open communciation to real estate agent and client,

Amenities

Free Estimates
Yes
Senior Discount

$500

Reviews

4.67 Reviews
Number of StarsImage of DistributionNumber of Ratings
5
86%
4
0%
3
0%
2
14%
1
0%


Rating CategoryRating out of 5
quality
4.4
value
4.7
professionalism
4.6
responsiveness
4.7
punctuality
4.4
Showing 1-7 of 7 reviews

Sara F.
07/2017
5.0
mortgage broker
  + -1 more
Using Alex Varela's team at PrimeLending was the absolute best! They always kept me informed of my loan status, answered all my emails and questions in an extremely timely manner, and made the whole process son much less stressful than the last lender I used when I purchased a home about 10 years ago. They even sent me a gourmet cookie basket to my job as a thank you gift once everything was finalized. I would highly recommend them to anyone and will definitely use them again in the future if I ever need another home loan or need to refinance later on down the road. I can't thank them enough for everything they did for me.
Description of Work: I needed a home loan to purchase a house so we could get out of renting.

Rating CategoryRating out of 5
quality
5.0
value
5.0
professionalism
5.0
responsiveness
5.0
punctuality
5.0

Yes, I recommend this pro

BRYAN L.
02/2015
5.0
mortgage broker
  + -1 more
unknown

Rating CategoryRating out of 5
quality
5.0
value
5.0
professionalism
5.0
responsiveness
5.0
punctuality
5.0

Yes, I recommend this pro

TANA R.
01/2015
2.0
mortgage broker
  + -1 more
Summary I'm writing this review in hopes of helping others through the home buying process. My suggestion is to skip this lender at all costs, for reasons including unethical business practices, and when things don't go as he planned, the Branch Manager got vengeful with us. We felt threatened, and at his mercy. We were terrified to do anything against his guidance for fear of not getting our home. He left us without options. But rather than fill his pockets, I chose not to give him our business, even at the risk of losing the home all together. We had a horrible experience, andwant to make sure you do not have the same. Ultimately, we took our business elsewhere because of Varela Group/Prime Lending's inability to get the loan done and the unethical business practices. The Good Response time for initial contact Our initial loan officer truly care Knowlegable on loans/requirements The Bad Unethical business practices, including threatening and bullying of buyers Interest rates higher/not competitive Lack of urgency, slow to return calls Branch Manager doesn't care about the people, he only cares about the numbers Branch Manager is focused on finding the right loan for business benefit vs. buyer benefit
Description of Work: Home mortgage

Rating CategoryRating out of 5
quality
1.0
value
3.0
professionalism
2.0
responsiveness
3.0
punctuality
1.0


Josh J.
06/2014
5.0
mortgage broker
  + -1 more
Aubrey Jerke of Team Varela was a rock star in getting us through the mortgage process. She was always there to answer questions and explain each part of the process. We were relocating and needed to close on time and Prime Lending made sure that happened. Great group to work with.
Description of Work: Home Mortgage

Rating CategoryRating out of 5
quality
5.0
value
5.0
professionalism
5.0
responsiveness
5.0
punctuality
5.0

Yes, I recommend this pro
$1,300

Scott W.
04/2013
5.0
mortgage broker
  + -1 more
From finding the house to approval to closing, Tim was excellent.
Description of Work: Tim West and his team are awesome! They are responsive and consistantly over delivered on what they promised. I recommend you call Tim and his team and use them!

Rating CategoryRating out of 5
quality
5.0
value
5.0
professionalism
5.0
responsiveness
5.0
punctuality
5.0

Yes, I recommend this pro
$380,000

Glenn H.
11/2012
5.0
mortgage broker
  + -1 more
We first contacted Sharon McCormick with Prime Lending (Telephone 972-713-3215) in early October to get a Pre-Approval letter to make an offer on an existing home. Even though some of our credit scores were frozen due to an ID theft earlier in the year, Sharon was able to get us a letter in less than a day. We entered into a contract on the home Oct. 7 and set an aggressive closing date of Oct. 29. Sharon and her assistant Robin Smith were able to get us a loan approved by Oct. 25. The closing went smoothly on Oct. 29. Sharon even attended the closing, which is the first time a loan officer has ever done that for us. I can't say enough about the excellent service that we received from Prime Lending during the process of securing our mortgage. Sharon and Robin helped us every step of the way. They are consummate professionals and I highly recommend them.
Description of Work: Prime Lending provided us with a pre-approval letter and ultimately with a mortgage for us to purchase our new home.

Rating CategoryRating out of 5
quality
5.0
value
5.0
professionalism
5.0
responsiveness
5.0
punctuality
5.0

Yes, I recommend this pro
$3,000

Sheron T.
09/2012
5.0
mortgage broker
  + -1 more
Checked their website, got the list of documents needed, emailed, and submitted everything. They closed the loan in our home, we didn't have to traipse to a title company. Came after normal work hours. I like easy. My husband likes low stress. We were both happy.
Description of Work: This is the 6th mortgage we have had and it was the easiest. I hope everyone lowers their interest rate with someone! It will cost more than $.00. The ones advertising 0 closing costs had higher interest rates. (I won't disclose personal financial details, even with all my friends at Angie's List)

Rating CategoryRating out of 5
quality
5.0
value
5.0
professionalism
5.0
responsiveness
5.0
punctuality
5.0

Yes, I recommend this pro

    Contact information

    2350 Airport Freeway Suite 610, Bedford, TX 76022

    www.TeamVarela.com

    Service hours

    Sunday:
    Closed
    Monday:
    8:30 AM - 6:00 PM
    Tuesday:
    8:30 AM - 6:00 PM
    Wednesday:
    8:30 AM - 6:00 PM
    Thursday:
    8:30 AM - 6:00 PM
    Friday:
    8:30 AM - 6:00 PM
    Saturday:
    8:30 AM - 6:00 PM

    Licensing

    Bonded

    Insured
    State Contractor License Requirements

    All statements concerning insurance, licenses, and bonds are informational only, and are self-reported. Since insurance, licenses and bonds can expire and can be cancelled, homeowners should always check such information for themselves. To find more licensing information for your state, visit our State Contractor License Requirements page.

    *Contact business to see additional licenses.


    Service Categories

    Mortgage Companies

    FAQ

    Alex Varela - PrimeLending is currently rated 4.6 overall out of 5.

    Sunday: Closed

    Monday: 8:30 AM - 6:00 PM

    Tuesday: 8:30 AM - 6:00 PM

    Wednesday: 8:30 AM - 6:00 PM

    Thursday: 8:30 AM - 6:00 PM

    Friday: 8:30 AM - 6:00 PM

    Saturday: 8:30 AM - 6:00 PM

    Yes, Alex Varela - PrimeLending offers free project estimates.
    No, Alex Varela - PrimeLending does not offer eco-friendly accreditations.
    No, Alex Varela - PrimeLending does not offer a senior discount.
    No, Alex Varela - PrimeLending does not offer emergency services.
    No, Alex Varela - PrimeLending does not offer warranties.
    Alex Varela - PrimeLending offers the following services: Complimentary credit check, pre-qualification, payment & rate estimates, USDA, VA, FHA, Conventional, Condo, Bond & Down Payment Assistance Loans, Renovation Loans, Jumbo Loans, VA Jumbo Loans, FHA 203k, Pool Escrow Loan, Gift of Equity from a family member, HomePath Financing, HomePath Renovation Financing, Investor Loans, Investor Renovation Loans, 11 years experience, Refinance/Purchase Loans, Cashout Refinances, Close on time, open communciation to real estate agent and client,

    Contact information

    2350 Airport Freeway Suite 610, Bedford, TX 76022

    www.TeamVarela.com

    Service hours

    Sunday:
    Closed
    Monday:
    8:30 AM - 6:00 PM
    Tuesday:
    8:30 AM - 6:00 PM
    Wednesday:
    8:30 AM - 6:00 PM
    Thursday:
    8:30 AM - 6:00 PM
    Friday:
    8:30 AM - 6:00 PM
    Saturday:
    8:30 AM - 6:00 PM