Home Loans In Houston, TX

Finding a house is just half the battle. Once you’ve found a property that steals your heart, it’s time to put in an offer. But before that, you need to find a mortgage company and know exactly how much you’re approved for to avoid placing a bid on a house you can’t really afford. 

Buying a home in Texas takes research, but the payoff is worth all the effort. Let’s explore the key steps to buying a home that you shouldn’t overlook.

Determine Your Downpayment

Once you know you’re financially ready to buy a home, it’s time to consider how much you’ll offer the lender. Downpayments are a form of good faith money — they let a dealer know that you’re a reliable borrower who is committed to paying off anything they take out. 

The average home downpayment is between 10-20%, and each lender sets their own requirements. What you should keep in mind is that lower downpayments mean higher mortgage interest and vice-versa. If you are able to put down more money upfront, you can secure a home loan that has lower interest rates and possibly smaller monthly payments as well. 

If you’re a first-time home buyer in Texas, then look for first-time home buyer loans that are specifically designed to support you as you make this enormous investment. Our lending services are tailored to each individual, ensuring they get the rates and support they need to make living in their dream home a reality. 

Explore Mortgage Types

There are a lot of home financing options available, ranging from fixed and adjustable rate mortgages to conventional loans, VA loans, and Federal Housing Administration (FHA) loans. 

Each one has its own pros and cons, along with eligibility requirements. Here are some of the most common home mortgage types we offer: 

• • Fixed Rate Mortgage — This type of mortgage has a determined (fixed) interest rate that you pay over time. Your monthly payments don’t change, and you consistently know what you’ll owe for the term of the loan.
  • Adjustable Rate Mortgage — An adjustable-rate mortgage can fluctuate by a certain percentage over the duration of the loan, meaning your interest rate and the monthly payment will change from time to time. They can drop or increase at the lender’s discretion based on the economy. 
  • FHA Loan — Thanks to lower financial requirements, many people can afford a home thanks to an FHA mortgage. These loans are insured by the Federal Housing Administration and provided by a bank or lending institution.
  • VA Loans — VA loans are guaranteed by the United States Office of Veterans Affairs; they allow qualifying active-duty and former service members to purchase homes. They often have lower interest rates than conventional mortgages. 
  • Competitive Rate Mortgages — We will offer you a competitive rate mortgage based on the terms offered by other private lending institutions. We help you get the best mortgage rates in Texas thanks to our willingness to work with each client based on their budgets and the competition’s prices.