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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 Golden Empire Mortgage, Inc. make our offerings competitive in the 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 $726, 200

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

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Jumbo Loans

Advantages:

  • Loan Sizes more than $726, 200
  • 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

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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

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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

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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

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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

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Adjustable Rates

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

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Investor Solutions

Advantages:

  • Ability obtain a loan larger than the conforming loan limit of $726, 200
  • Great option for individuals who have extra cash on hand that want to invest their money somewhere other than the stock market
  • Another good option for investors who want to acquire an investment property to have a passive income flow, but don’t have enough cash to get started

Disadvantages:

  • Higher interest rate
  • Getting the financing for your investment property can take a number of forms
  • May require a down payment of 30% for an investment property, rather than 20%.

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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

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Expanded Prime Loans

Advantages:

  • Loan-to-Value up to 90%, No Mortgage Ins

  • Loan amounts up to $3.5 million

  • Debt-to-income up to 50%

  • Second homes and investment properties

  • Cash-out solutions to unlock equity or consolidate debt

  • 30-year interest-only and 40-year interest-only options

Disadvantages:

  • May have a higher interest rate

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Non-Prime Loans

Advantages:

  • Credit scores down to 620
  • Loan-to-value up to 80%, No mortgage ins
  • Debt-to-income up to 50%
  • Cash-out solutions to unlock equity or consolidate debt
  • 30-year interest-only and 40-year interest-only options

Disadvantages:

  • May have higher interest rate

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DSCR Loans

Advantages:

  • Cash-out solutions to unlock equity or consolidate debt
  • Qualify based on income from rental property
  • Credit scores down to 660
  • Loan-to-values up to 80%
  • Ability to vest in name of LLC or corporation
  • Loan Amounts up to $2 million
  • No borrower income or employment information required
  • Interest-only options to maximize property cash flow

Disadvantages:

  • Only available for investment/rental properties

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Jumbo Prime Loans

Advantages:

  • Loan amounts up to $3 million, no PMI
  • Credit scores down to 660
  • Debt-to-income up to 43%
  • Loan-to-value up to 89.99% (up to $2M)
  • Loan-to-value up to 80% (up to $3M)
  • Primary, second homes, and investment properties

Disadvantages:

  • Max cash-out up to $500k

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Equity Advantage Loans

Advantages:

  • Keep current first lien mortgage and interest rate
  • Stand-alone second lien mortgage
  • Primary, second home, and investment properties
  • Loan amounts up to $500,000
  • Maximum Debt-to-income up to 50%
  • Single family residence, townhomes, 2-4 units, and warrantable condos
  • Full doc, personal and business bank statements

Disadvantages:

  • Minimum 680 FICO
  • Second lien may have higher rate

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