Tag Archive for: texas

A Guide to FHA Loan Limits and Requirements in Texas

Whether you're a first-time homebuyer in the Lone Star State or looking to refinance your current mortgage, understanding the ins and outs of FHA loans in Texas can help you make an informed decision.Read More

Typical Closing Costs in Texas for Buyers and Sellers

Buying or selling a home in Texas can be a daunting task, especially when it comes to the financial aspect of the process. One financial component that homebuyers and sellers often overlook are the closing costs. The closing costs in Texas can be quite significant and play a major role in the final sales price of the property. In this article, we'll look at what these costs entail, who pays them, and how much average closing costs are.Read More

2024 Loan Limits For Texas Homebuyers

The 2024 loan limits in Texas present a diverse landscape for homebuyers and investors. With higher loan limits set by Fannie Mae and Freddie Mac and the absence of loan limits for VA loans, the Texas real estate market offers a range of opportunities. Whether you're considering a primary residence or an investment property, these changes in loan limits are critical for informed decision-making.Read More

Investing In Texas Real Estate With DSCR Loans

Whether you are considering investing in the tech-driven city of Austin or the cultural hub of Dallas, JVM Lending is here to assist you with your DSCR loan in Texas. Our expertise in the Texas real estate market, combined with our deep understanding of debt service coverage ratio loans, enables us to provide tailored solutions to meet your investment goals in these popular locations.Read More

TSAHC Programs: A Pathway to Homeownership in Texas

TSAHC's Homes for Texas Heroes and Homes Sweet Texas Home Loan Programs provide down payment assistance and home loans to homebuyers in Texas.Read More

What Is A Jumbo Loan In Texas?

Jumbo loans are mostly used by those purchasing higher-end or “luxury” properties. By design, conforming loan limits are usually set higher than the median home price within a particular county. In theory, this gives homebuyers plenty of properties to choose from without the need for a jumbo loan.Read More

What Is A Cash-Out Refinance In Texas?

Homeowners in Texas continue to see an increase in home value and are now finding themselves with more equity in their homes. Many Texas homeowners are eligible to utilize a cash-out refinance to convert some of their equity into cash, but what exactly is s cash-out refinance?Read More

Qualifying After Returning to Work

Many people are wondering how soon laid off and furloughed borrowers will qualify for mortgage financing once they return to work. EMPLOYMENT GAP UNDER SIX MONTHS If the layoff or […]Read More

First-Time Texas Homebuyers Should Consider FHA

Federal Housing Administration (FHA) loans are an excellent option for first-time homebuyers looking to buy in the competitive Texas market. FHA loans have low down-payment financing options with flexible underwriting guidelines that are great for Texas homebuyers with liquidity or credit issues.Read More

Explaining Mortgage Rates for Borrowers in Texas

Mortgage rates are a hot topic for borrowers in Texas. Everyone wants to get the best mortgage rate possible when they’re getting ready to take out a loan for their home purchase.Read More

Buyers in Texas Don’t Need a ‘Perfect’ Credit Score

Buyers in Texas don’t need a perfect credit score to qualify for a loan. Having a high credit score can help buyers secure a loan with a lower interest rate. However, today’s loans have more forgiving guidelines when it comes to a buyer’s credit score, which is especially true with government-funded loans.Read More

Mortgage Acronyms Every Texas Borrower Should Know

The Texas mortgage industry is infamous for throwing a lot of mortgage acronyms around. Many first-time homebuyers may be confused by the various mortgage acronyms used in the homebuying process.Read More

The New Millennial Housing Market in Texas

Millennial buyers (those born 1981-1997) have quickly entered the housing market and they are rapidly becoming the largest and fastest-growing demographic. A 2020 Realtor.com forecast gave the estimation that 51% of the housing market will be comprised of millennials, outnumbering both Generation X and Baby Boomers combined. This will be especially prevalent in Texas markets where millennials make up on average, 25% of the population.Read More

Local Texas Mortgage Lenders Are Better!

The Wall Street Journal has previously featured an article stressing that buyers in a competitive market, like those in Texas, need a local mortgage lender with a stellar reputation, the ability to close quickly, great communication skills, and local appraisers.Read More