Dallas Ranked Third Best City for Borrowers

Forbes recently reported the 10 Best Cities for Borrowers — the metros where “homebuyers get better average mortgage rates, and fewer borrowers are headed for foreclosures.” Three Texas cities made the list: Houston (#2), Dallas (#3), and San Antonio (#5). Because these cities escaped the housing market’s major boom-bust catastrophe, local borrowers have been less prone to underwater mortgages. Of course, stronger housing markets lead to more liberal lending.

To read a detailed account about the factors contributing to this study, visit forbes.com.