Loan Programs

Conventional Loans

Conventional loans are the most common loan programs used for loan amounts up to $275,000. These loans offer the lowest interest rates for those who qualify. Typically conventional loan require a minimum down payment of 5% although there are a couple of lenders who offer a 3% down conventional loan program.

Jumbo Loans

Jumbo loans are essentially the same as conventional loans aside from the actual amount of the loan itself. Jumbo loans are needed for loans that exceed $275,000. Some lenders will lend up to $2 Million for a single-family residence. Since these loans do not fall under the same requirements as conventional loans, each lender has the flexibility to create their own guidelines for debt to income ratios and credit worthiness and do not require mortgage insurance.

100% - 107% Financing Loans

These no down-payment mortgages can help reduce or eliminate nearly every cost associated with obtaining a home loan These programs normally combine two loans: An 80% first mortgage, and a 20% second mortgage. The interest rate is typically the weighted average of the two loans.

Conforming Loans

Up to $275,000. Conforming long-term, fixed-rate and adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Conforming loans typically have higher loan limits than FHA and VA loans.

Imperfect Credit Loans

Allows borrowers with less-than-perfect credit to qualify for competitive interest rates to buy a home, consolidate debt, lower payments or make home improvements.

No Income Verification Loans

No-Income/No-Asset/No-Job Verification loans allow borrowers with good credit to secure a mortgage without proving income and in some cases assets. This is especially helpful for self employed or commissioned borrowers who write off large deductions to reduce their income tax consequences. They also benefit those who can't or don't want to prove where the down payment and closing costs are coming from. These loans can be secured with as little as 5% down payment for those who qualify based on credit history. Naturally these loans come with a slightly higher interest rate due to the enormous amount of risk the lender assumes.

VA and FHA

Government insured/guaranteed long-term, fixed-rate and adjustable loans that are good bets for new homeowners who qualify. 

Reverse Mortgage

Allows borrowers to retain ownership of their property and receive cash or a monthly check representing a portion of the equity in the property. No money is due until the property is sold, the owner dies or vacates the property for 6 months, or an agreed upon date is reached.

Land & Lot Loans

 Lot or land loans up to 10/12 acres with as little as 10% down.

Construction to Permanent Loans

 Secures financing to build a home and then converts to permanent financing.

Texas Equity Cash Out

 Up to $20 million on homestead or investment property.  80% of appraised value of home less what is owed.

Commercial Property Loans

 From $500,000

No Mortgage Insurance

 With a 5-10% down payment.

95% Investor Loans

 Secures funding for rental or other investment properties.

Interest Only Loans

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