Tag Archive for: texas

TSAHC Programs: A Pathway to Homeownership in Texas

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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?

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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?

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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

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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

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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

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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

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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

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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

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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!

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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

5 Tips For Buying a Dallas Foreclosure

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In traditional Texas real estate transactions, Dallas homebuyers work directly with the property sellers and their agents. Homebuyers will typically present an offer directly to the seller and their agents to purchase the property.Read More

Study Shows First-Time Dallas Homebuyers Look for Financing First

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In the Washington Post’s housing report, they found that 74% of homebuyers start their house hunt in areas like Dallas, Texas, by researching financing options and getting pre-approved with a local Dallas lender. For first-time homebuyers, that percentage increases to 85%.Read More

Study Shows First-Time Austin Homebuyers Look for Financing First

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In the Washington Post’s housing report, they found that 74% of homebuyers start their house hunt in areas like Austin, Texas, by researching financing options and getting pre-approved with a local Austin lender. For first-time homebuyers, that percentage increases to 85%.Read More

New Condo Complexes/Phases Do NOT Have to Be Complete

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Many loan officers and real estate agents mistakenly believe that condo projects and/or phases within a project must be complete before units within them are eligible for mortgage financing. We, […]Read More