Interested Facts About FHA Loans...

 We help alot of borrowers with FHA loans.

-Here are some interesting facts about FHA loans, and why they are so popular…
-FHA loans make up over 80% of 1st time buyer mortgage
-73% of 1st time buyers over 95% LTV and under 680 fico use FHA
-The average credit score in TX is a 681
-By the numbers…a $289K FHA loan with a 680 fico will save a borrower $111 per month vs a conventional loan with PMI
-Over 80% of TSAHC DPA loans are FHA thanks to flexible terms!

If you or someone you know wants to purchase a house contact our office to see how we can help you.

That’s it for today.

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

How Delayed Financing Works...

 If you purchased a home using your own cash, and now would like to pull your cash back out – we can do that.

This type of loan is called ‘delayed financing’.  …and, you can get your cash back out of the house.

In fact, we do these types of cash out loans up to three million dollars.  Many companies won’t lend cash out over 500k, but we do!

…so, if you are in need of a loan like this – shoot us an email or give us a call.  We can help!

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

No Money Down On This Program...

 

Most Down Payment Assistance is tied to your income.  If you make too much money you don’t qualify for the Down Payment Assistance.

Not this one. 

It doesn’t matter how much you make.

So, if you have at least a 600 credit score, and you have been working for the last two years, you may well be able to qualify for this no money down loan.

Here are some bullet points on this program…

• Minimum 600 FICO
• Standard 30-year fixed rate FHA first lien
• No First-Time Home Buyer requirement
• No Income Limits
• Easy Underwrite!

So, if you or someone you know wants to buy a house, reach out to our office and let’s see if we can get you qualified for this program.

 

That’s it for today!

 

Thanks for reading!

 

Brett

Get Pre Approved For A Loan Here
My Previous Blog