Your FHA and VA Loan Expert
Having been a Mortgage Banker for 12 years, I have had the pleasure of helping over 2,000 families in Texas realize the dream of home ownership. This website is designed to help educate those looking to purchase a home for the first, second or even third time. If you already have a property picked out for a mortgage loan and would like to receive a free copy of your credit report you can click on the link below to submit your application now.
The Federal Housing Administration (FHA) is a government agency that insures home loan for banks. Being insured by the government, an FHA loan offers many advantages over a conventional loan. The most important is the amount of down payment-3.5%. They will even allow the down payment to come from a family member in the form of a gift. FHA will also allow for 6% in seller paid closing costs. The benefit is that in most cases the seller can cover all closing costs and prepaid items and you can move in with only your down payment. FHA mortgages have the lowest rates in the marketplace giving you the lowest payment available. Knowing the FHA BASICS will help you and your family secure the house of your dreams.
An FHA loan can also be used with a number of programs to help reduce your monthly payments and help you qualify for more house. The MORTGAGE CREDIT CERTIFICATE used in conjunction with an FHA loan will save you up to an additional $166 dollars a month off of your mortgage payment. There are also a number of Government Agencies in the state of Texas that offer Down Payment Assitance up to $50,000 to those who qualify.
Texas Capital Lending utilizes the latest in technology to make the LOAN PROCESS painfree. With the use of digital documents and 24 hours to underwrite your home loan, you can be in your dream home in as little as 30 days.
