Conventional mortgage and home loans in Texas are the most common types of home mortgages, and they’re insured by either Fannie Mae or Freddie Mac. Down payments are currently as low as 3% to 5%, conventional loans offer better terms with lower mortgage insurance costs (PMI) and interest rates based on your credit rating. Our relationships allow us to offer some of the best rates and the fact that we are a wholesale broker and a corresponding lender helps ensure we will be able to process the loan as we review with you. No last-minute paperwork or surprises!

Jumbo Mortgages / Jumbo Loans are technically called Non-Conforming Mortgages and are for loans of more than $647,200 and $970,800 on high-cost areas in 2022. They are unique in that they are not secured by either Fannie Mae, Freddie Mac, or FHA. Jumbo loans are made possible using private investor programs. This means that there is no guarantee provided to the investor, so consequently the mortgage’s guidelines are not standardized and are subject to the investors’ requirements.

Typically, these guidelines are more restrictive, yet make it possible for larger purchases to be financed at competitive rates.

First off, thank you for your service and we are proud to serve our Texas veterans. We are an approved VA mortgage lender in Texas offering low rates and low fees. VA loans are guaranteed by the U.S. Department of Veterans Affairs (VA) to eligible veterans. The guaranty means the lender is protected against loss if the loan fails to repay.

Benefits of a VA Loan (in most cases)

• No down payment is required
• Borrower usually receives a lower interest rate than is ordinarily available with other loans
• Mortgage insurance is not required; however, the VA charges a funding fee to issue a guarantee.
  • The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount or waived if the veteran is disabled.

VA Loan Eligibility
Veterans that are eligible are all active duty, honorably discharged Veterans with 22 months service, or reservists with 6 completed years—or a qualifying combination. You will be required to show a Certificate of Eligibility or Statement of Service to qualify for your VA loan.

FHA loans are insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loans.

FHA Availability
FHA Loans are available to all buyers and are primarily designed to help low- and moderate-income families who don’t meet conventional loan requirements for that adhere to more strict underwriting requirements. There are cases in which borrowers who are eligible for conventional financing would still choose a FHA loan. FHA loan programs are particularly beneficial to those buyers with less cash available for the required down payment. The FHA Loan has a lower requirement than conventional loans typically have; this making it easier to qualify with lower cash requirements up-front.

FHA Rates
Rates on Texas FHA loans are also generally lower than conventional mortgage loans.

100% Financing Options for rural properties are available through USDA Loans.

The US Department of Agriculture (USDA) guarantees USDA Loans and these types of loans are intended for the purchase of rural property. USDA mortgage loans require reasonable credit history along with some income restrictions. Call our offices and we’re happy to discuss your options as it relates to them! USDA loans allow for 100% financing with the ability to finance closing costs and repairs, provided the property appraises for enough to cover them. There are many benefits to USDA home loans in Texas and we love helping families get into them.

Homestyle Renovation loans refers to loans that help upgrade a home while on sale or immediately after purchasing. The program aims at making the cost to purchase and repair a home easier and more bearable. This is because the Homestyle loan can be packaged with the mortgage on the home. Homestyle Renovation Loans make it possible to upgrade that home you want to buy. We’re here to help Texas home buyers understand this great lending program.

Qualifying for a Homestyle Renovation Loan
Qualifying for a Homestyle Renovation Loan requires an approval of the home you plan to renovate. Fannie Mae has lists for qualifying contractors and architects with this program, make sure you get a good team, they will review your budgets and plans in detail. Most contractors working with the project may need approval from Fannie Mae. Funders will also look to determine if you stick to milestones in your project.

Before your loan funding comes, you could be required to have an appraiser review the new value after construction. Only certain homes are eligible for this type of loan. On the plus side, both businesses and individuals can apply for a Homestyle Renovation Loan.

With interest rates so low right now; refinancing your current Texas mortgage can lower your monthly payment, shorten your mortgage term, or provide cash out of the equity! Is it worth your time to refinance your home? Contact us and talk with our home refinancing specialist. We evaluate your current home mortgage, rates, insurance requirements, and other factors and discuss all of your available options.

Use the money and savings any way you like—when you refinance, you can borrow additional cash to plan that dream trip, upgrade areas of your home, pay down debt, or just keep a cash reserve on hand as a financial buffer against emergencies.

Our mortgage refinance specialist are here to help!!
Call us today; speak with our friendly Texas mortgage refinance specialists.

You get the benefit of our experience and dedication focused on one thing and one thing only—helping you save. With decades of combined experience, our team is both passionate and professional at their jobs and understand that behind your loan, there are loved ones and your story. Call us today as we make the refinance process easy and stress-free; all while providing timely communication for a fast closing!

There are two primary types of home construction loans in Texas– Stand-Alone Construction Loans and One-Time-Close Construction Loans. Depending on your qualifications, each loan type has its own advantages and disadvantages. Construction loans are designed to help you build your own home or to help pay for a major remodeling project on your existing property to make it your dream home.

Many Texas construction loan programs in allow you to select the builder you want. Your lender can even help you verify the authenticity of the builder before construction begins to help ensure you’re hiring a qualified company for your build.