Tag Archive for: texas

TSAHC Programs: A Pathway to Homeownership in Texas

/in , ,
What is TSAHC? The Texas State Affordable Housing Corporation, more commonly referred to as TSAHC, is a non-profit organization with a mission to serve the housing needs of low-income families and other underserved populations in Texas. TSAHC stands out as a critical entity in Texas’s housing landscape, providing accessible and affordable housing opportunities to people […]Read More

What Is A Jumbo Loan In Texas?

/in , ,
So, what is a jumbo loan in Texas in 2022? A jumbo loan is a conventional (not government-insured) mortgage loan that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that buy and securitize mortgage loans. Jumbo loans usually have stricter underwriting guidelines because they are not […]Read More

What Is A Cash-Out Refinance In Texas?

/in ,
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? What is a Cash-Out Refinance? A cash-out refinance […]Read More

Qualifying After Returning to Work

/in ,
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 furlough lasts less than six months, lenders will be able to fund most loans as soon as borrowers return to work (for conforming, FHA and […]Read More

First-Time Texas Homebuyers Should Consider FHA

/in ,
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. FHA loans are growing increasingly popular among the first-time homebuyer demographic. The Urban […]Read More

Explaining Mortgage Rates for Borrowers in Texas

/in ,
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. Here are a few helpful reminders to keep in mind about mortgage rates in Texas: 1. Mortgage rates will vary depending on the […]Read More

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

/in ,
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. Where Do Credit […]Read More

Mortgage Acronyms Every Texas Borrower Should Know

/in ,
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. To get you started, we’ve compiled seven of the most common mortgage acronyms that a borrower in Texas may encounter when buying or refinancing a […]Read More

The New Millennial Housing Market in Texas

/in ,
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 […]Read More

Local Texas Mortgage Lenders Are Better!

/in ,
JVM Lending takes care of local buyers in Texas’s hot real estate market 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. JVM Lending is […]Read More

5 Tips For Buying a Dallas Foreclosure

/in ,
1. Understand that the purchase process for a foreclosure in Dallas is different. 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. When homebuyers are planning to purchase a foreclosure […]Read More

Study Shows First-Time Dallas Homebuyers Look for Financing First

/in , ,
A housing report by the Washington Post shows that first-time homebuyers get pre-approved before house hunting. 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 […]Read More

Study Shows First-Time Austin Homebuyers Look for Financing First

/in ,
A housing report by the Washington Post shows that first-time homebuyers get pre-approved before house hunting. 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 […]Read More

New Condo Complexes/Phases Do NOT Have to Be Complete

/in ,
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, however, have an investor that offers new construction condo financing as long as only the building containing the unit is complete. Again – neither the […]Read More

States With Lowest Mortgage Rates; CA Wins! Why? Bringing Low Rates To Texas!

/in ,
Lending Tree recently did a study to see which states offered the lowest mortgage rates. And surprisingly, California (the land of all-things-expensive) won! The next best states for low mortgage rates were New Jersey, Washington, Massachusetts, Utah, and Colorado. The worst five states for rates were New York, Iowa, Arkansas, Oklahoma, and Maine. WHAT INFLUENCES […]Read More