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The Best Home Financing Programs

Home Loans For Texas Homebuyers

Whether a first-time homebuyer or looking to refinance your home in Texas, our team has the home loan programs to fit your need.

Looking to fund your home in another state? We make it easy! Contact our team for more information.

What sets us apart? Our fast service, competitive rates, and backing by Hometown Lenders Inc. make our offerings competitive in the Texas homebuying market.

Our Home Financing Solutions

Loan Programs for Every Need

Conventional Loans

Advantages:

  • Fixed interest rate
  • Flexibility on the length of your loan
  • Loans up to $548,250

Disadvantages:

  • Higher credit score requirements than other types of loans
  • Insurance required on loan with a higher than 80% LTV
  • Higher down payment requirement than federally-insured loan programs

Learn More       Apply Now

VA Loans

Advantages:

  • Option to put 0% down
  • Lower interest rates than most other loan programs
  • No mortgage insurance

Disadvantages:

  • Funding fees
  • Can not be used to purchase second home or investment property
  • Loans do not cover the closing costs

Learn More       Apply Now

Jumbo Loans

Advantages:

  • Loan Sizes more than $548,250
  • Ability to buy bigger home
  • Ability to have advantage in highly competitive markets

Disadvantages:

  • Higher interest rates than conforming loans
  • Higher closing costs
  • Not guaranteed by Fannie and Freddie Mac

Learn More       Apply Now

FHA Loans

Advantages:

  • Less strict credit requirements than conventional loans
  • Smaller down payments – FHA loans only require a 3.5% down payment
  • Ability to get a better interest rate with worse credit

Disadvantages:

  • Mortgage insurance payments
  • Smaller loan limits than conforming loans – 65% of an areas conforming limit
  • Home you are purchasing must meet FHA guidelines

Learn More       Apply Now

USDA Loans

Advantages:

  • Ability to put 0% down
  • Lower interest rates
  • Ability to build a home with the funds from the loan

Disadvantages:

  • Home must be in a USDA approved area
  • Income limits
  • Mortgage insurance

Learn More       Apply Now

Construction Loans

Advantages:

  • Ability to only make interest payments until construction is complete
  • More flexible terms if you obtain your funds from a hard money loan
  • Construction loans can be used for everything in the construction and loan process

Disadvantages:

  • Higher interest rate
  • Shorter length to repay loan
  • More difficult to qualify for if you go through a bank

Learn More       Apply Now

Green Mortgage Loans

Advantages:

  • Makes your home more environmentally friendly
  • Makes your home more affordable in the long run
  • Lower interest rates

Disadvantages:

  • More documents needed to get your green mortgage approved
  • Complicated loan process
  • Monthly mortgage payments become higher

Learn More       Apply Now

Adjustable Rate Mortgage

Advantages:

  • You have lower payments while your loan still has a fixed rate
  • Your rate could decrease
  • Ability to get a more expensive home due to the lower payments

Disadvantages:

  • Your rate could increase
  • ARMs are complex
  • Certain caps can cause negative amortization

Learn More       Apply Now

*Loan solutions can vary. Please contact us for more information about loan programs available in your area.

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