Texas Home Lending News

Wondering how much to save, Jason?

The amount you need for a down payment on your new home may not be as much as you think!!

Programs are available with some pretty low options.

ZERO
The VA and the USDA both offer a zero down loan program for individuals and/or properties that meet their criteria. Sometimes, loans require little or no cash out of pocket. Some HUD properties are available with as little as $100 down. 

3%
Fannie Mae/Freddie Mac conventional loans are available with down payments as low as 3% on single-family homes, including eligible condos, co-ops, and some manufactured homes. Fixed-rate mortgages with up to 30-year terms and ARMs are available.

3.5%
The Federal Housing Administration (or FHA) loan program can allow as little as 3.5% down, and it is more lenient than most other programs on minimum credit scores and other factors. 

Are you surprised at how low you may be able to go? While many believe a 20% down payment is required, you can see now that it’s far from the only option. 

Whether you’ve saved a little or a lot, reach out today, and we’ll work on finding a loan that works for you.

How's your mortgage feeling today?

Interest rates and the mortgage markets can change quickly, so it makes sense to monitor your loan against current conditions regularly. With just a few clicks, you can compare your existing loan to today's sample rates. We update it every weekday, so you can come back and perform your own diagnostic any time.

I welcome the opportunity to discuss your loan's results or to assist you in any way with your home financing needs. Also, if you have friends, co-workers or family members who would like to receive their own mortgage checkup, please refer them my way. It will be my honor to help.

Thank you for your loyal business and for your referrals!

Wondering how much to save?

The amount you need for a down payment on your new home may not be as much as you think!

Programs are available with some pretty low options.

ZERO
The VA and the USDA both offer a zero down loan program for individuals and/or properties that meet their criteria. Sometimes, loans require little or no cash out of pocket. Some HUD properties are available with as little as $100 down. 

3%
Fannie Mae/Freddie Mac conventional loans are available with down payments as low as 3% on single-family homes, including eligible condos, co-ops, and some manufactured homes. Fixed-rate mortgages with up to 30-year terms and ARMs are available.

3.5%
The Federal Housing Administration (or FHA) loan program can allow as little as 3.5% down, and it is more lenient than most other programs on minimum credit scores and other factors. 

Are you surprised at how low you may be able to go? While many believe a 20% down payment is required, you can see now that it’s far from the only option. 

Whether you’ve saved a little or a lot, reach out today, and we’ll work on finding a loan that works for you.