Your Dream Home,
Our Dream Team
Cody Lorance
Branch Manager
Loan Originator
RMLO NMLS: 206053
Your Home Loan Partner
I bring a grounded, results-driven approach to the mortgage process—shaped from my start of the business in 2009, a lifelong commitment to doing things the right way. I offer a full range of loan products, including FHA, VA, Conventional, USDA, and multiple Down Payment Assistance programs.
Recognized among the Top 100 Loan Officers in the Nation for Customer Satisfaction (2024) and the Top 1% Loan Officers in the Nation for Customer Satisfaction (2025), I focus on delivering a mortgage experience that is efficient, transparent, and stress-free. My approach combines real-time loan status updates, communication between all parties, and attention to detail from application to closing, and beyond.
As an active member of the Texarkana Chamber of Commerce, Texarkana Board of Realtors (TBOR), and a long-time Board Member of TexAmericas Center, I stay connected to the community and the mortgage industry. Whether you’re a first-time homebuyer, refinancing, or exploring investment property financing, my goal is to match you with the right loan program for your stage in life and financial goals—During the whole life of your mortgage, I am committed to making you feel like you are my #1 priority.
About Mortgage Financial Services
At Mortgage Financial Services, we make it our mission to provide the best mortgage services available to our clients. Our experienced team of loan officers are committed to finding the right loan program for each customer. We understand that everyone has different financial circumstances and goals, and we strive to help our customers get the most out of their home purchase or refinance.
We offer a wide variety of mortgage solutions, including:
- Conventional loans
- FHA loans
- VA loans
- USDA loans
- Jumbo loans
- Refinancing options
- Conventional loans
- FHA loans
- VA loans
- USDA loans
- Jumbo loans
- Refinancing options
Why Choose Mortgage Financial Services?
Local Expertise
With our deep knowledge and understanding of the Memphis housing market, we can offer you insights and guidance specific to your local area. Our team of experienced professionals is well-versed in the intricacies of the Memphis real estate market, ensuring that you receive the most relevant and up-to-date information.
Wide Range of Mortgage Options
Whether you are a first-time homebuyer, looking to refinance, or seeking a jumbo loan, we have a wide range of mortgage options to suit your needs. Our team will work closely with you to explore different loan programs and find the best solution that fits your financial goals.
Competitive Rates
We understand that the interest rate plays a crucial role in your mortgage decision. As a trusted mortgage company in Memphis, TN, we strive to offer competitive rates that help you save money over the life of your loan. Our team will diligently search for the best rates available in the market and present you with options that fit your budget.
Personalized Service
At Mortgage Financial Services, we believe in building strong relationships with our clients. We take the time to understand your unique circumstances and financial goals, allowing us to provide personalized solutions tailored to your needs. Our dedicated team will guide you through every step of the mortgage process, ensuring a smooth and stress-free experience.
Quick and Efficient Process
Contact Mortgage Financial Services Today!
If you are looking for a reliable and trusted mortgage company in Memphis, TN, look no further than Mortgage Financial Services. Our team of experts is ready to assist you in achieving your homeownership dreams. Contact us today to schedule a consultation and take the first step towards finding the perfect mortgage solution for you.
Mortgage FAQs
To qualify for a mortgage, lenders typically look at factors such as your credit score, income, employment history, and debt-to-income ratio. They want to ensure that you have the financial means to repay the loan.
A fixed-rate mortgage has an interest rate that remains the same throughout the life of the loan, providing stable monthly payments. An adjustable-rate mortgage (ARM) has an interest rate that can change over time, usually after an initial fixed-rate period. This means that your monthly payments could increase or decrease depending on market conditions.
The amount you need for a down payment can vary depending on the lender and the type of mortgage. Generally, a down payment of 20% of the purchase price is recommended to avoid private mortgage insurance (PMI). However, there are options available for lower down payments, such as FHA loans that require as little as 3.5% down. VA loans as well as USDA loans require no down payments. MFS also has down payment assistance (DPA) programs available upon eligibility.
Private mortgage insurance (PMI) is a type of insurance that protects the lender in case the borrower defaults on the loan. It is typically required for borrowers who make a down payment of less than 20%. PMI is an additional cost that is added to your monthly mortgage payment.
A pre-approval is a process where a lender evaluates your financial information and credit history to determine how much they are willing to lend you. It gives you a better idea of your budget when shopping for a home and can make you a more attractive buyer to sellers.
The timeline for getting a mortgage can vary depending on factors such as the lender, your financial situation, and the complexity of the loan. On average, it can take anywhere from 30 to 45 days from application to closing. However, it’s important to start the process early and be prepared for potential delays.
A mortgage escrow account is an account set up by the lender to hold funds for property taxes and homeowners insurance. Each month, a portion of your mortgage payment goes into the escrow account, and when these bills are due, the lender pays them on your behalf.
Proudly serving Texarkana, Texas
I’m here to answer any questions you might have about our products and services. Feel free to contact me using any of the following methods:
Business Hours:
Monday – Friday: 9AM – 5PM
Saturday-Sunday: Closed
Cody Lorance
RMLO NMLS 206053
p. (903) 276-7250
Get In Touch
Client Reviews
Zachery Ray
Texarkana, TX
Posted On: 2026-05-11
Review: From start to finish dealing with Cody we knew this was going to be a easy process. Cody started off with confidence this will be easy as we didn't know. He guided us the whole way, even commuicated every step of the way. I highly recommend anyone looking for a house to contact Cody, I promise you this will be the easiest and stress free process .
Reply: Thank you for the kind words Zach! I appreciate you guys and wish you many years of happiness in your new home!
Madison
Simms, TX
Posted On: 2026-05-11
Review: Cody provided an answer to every question day or night and would hop on a phone call to explain things to us. We had a hard time finding the right house for us and it took us months to find our home, but Cody never complained and was helpful through every home and every month it took. He definitely was a huge help to us and made the financial side of buying a home less stressful.
Reply: Thank you Madison! I am glad i was able to make the process a little less stressful on you! I hope you are getting all settled in to your new home and if you never need anything in the future you guys know you can call or text me anytime!
Elise Tyan
Posted On: 2026-05-08
Review: We recently used Cody Lorance Mortgage Financial Services again as return customers, and once again had an excellent experience. Cody is professional, knowledgeable, responsive, and truly makes the mortgage process feel smooth and stress-free. He always takes the time to answer questions and keeps everything moving efficiently from start to finish. It’s clear he genuinely cares about his clients and works hard to provide the best experience possible. We highly recommend Cody and his team to anyone looking for trustworthy and dependable mortgage services!
Reply: Thank you so much, Elise, for your appreciated feedback and for choosing to work with me again. I'm glad to hear that you had a smooth and stress-free experience. It's important to me that my clients feel supported throughout the process. Your recommendation means a lot, and I appreciate your trust in my services!
Elis
Maud, TX
Posted On: 2026-05-07
Review: We have worked with Cody many times and he always offers sound advice, service and works hard to make sure we recive the best on our end.
Reply: Elis, I'm grateful for your continued trust and support. It's always my goal to provide sound advice and ensure you receive the best service possible. Thank you!
Usheka
Texarkana, TX
Posted On: 2026-05-04
Review: Cody and Liberty were of a great help with the loan process of my first home . answered all of my questions and worked with my schedule to meet at any time. Would definitely recommend.
Reply: I'm glad to hear that you found the loan process for your first home smooth, Usheka. It's appreciated to know that Liberty and I were able to assist you effectively and accommodate your schedule. Thank you for recommending us!
