No Cash Required For Closing Cost Or Gov't Insured Mortgage‡ Options.
www.Countrywide.com
Save Money. All Credit Accepted. Call 800-346-8047 Today!
www.TexasLending.com
Multi-State Coverage, FHA/VA Loans Easy, 24-Hour Set-Up, Same Day Pay!
www.NetBranchCareer.com
Buying A Home? Call Our Mortgage Lenders Today For Great Rates.
www.HoustonMortgage.com
Extended Loans to Value No Fee, No Obligation Application
financial.WellsFargo.com
$1,500 In your Bank in 1 Hour. No Credit Check Required. Apply Now
www.paydayloanmatcher.com
Provides home loans and home refinancing and is an Internet mortgage company.
www.alliancemtg.com
Online Mortgage Lender in Texas offers home loans & mortgage refinancing at low rates to customers in 48 states. Apply today.
amerisave.com
Provides directories of mortgage companies listed by state. Site also contains live interest rates, mortgage calculators, online applications and mortgage articles.
amo-mortgage.com
Online mortgage banking; offers over 50 mortgage products to consumers through Cendant Mortgage call center and online.
www.gomortgagesonline.com
Providing mortgages and refinancing for the home buying public. This includes FHA, VA and conventional mortgage loans.
www.mloans.com
Offers mortgage quotes from mortgage lenders for home loans, including new home mortgage, refinance, home equity, and debt consolidation.
www.mortgageloan.com
Compare Texas mortgage rates and learn from mortgage news and advice.
www.mortgageloan.com
Authorized to lend it's own money however, in many cases, the company opts to serve as broker loans.
www.nationalfuturemortgage.com
Mortgage brokerage firm serving the lending needs of real estate professionals and individual home borrowers throughout the State of Texas.
www.texasequity.com
Assists Veterans and Active Duty Military personnel in buying and refinancing homes through the VA Guaranty Program.
valoans.com
No Cash Required For Closing Cost Or Gov't Insured Mortgage‡ Options.
www.Countrywide.com
Save Money. All Credit Accepted. Call 800-346-8047 Today!
www.TexasLending.com
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Guide to Working with Mortgage Lenders in Texas
What to expect from Texas mortgage lendersBrokers that provide mortgages in Texas can provide access to more lenders but may not share your best interests. Brokers usually receive a commission from the lender and will tend to push mortgages that offer the greatest profit for them.
There are three points you should discuss with a mortgage lending company in Texas when considering which one to use:
1. Interest rate on the loan. Rates change quickly in the volatile housing market and your credit rating will also affect the rate you can expect from a mortgage in TX.
2. Points on the loan. Prepaid mortgage interest points will lower your interest rate but other types of points may not benefit you at all.
3. Closing costs. Lenders charge fees for various services and you will want to know what they are as soon as possible.
Action Steps
The best contacts and resources to help you get it done
Get loan offers through Texas mortgage brokers
Talk with several of the broker's recent clients before getting a loan through that broker. Find out if the broker was able to meet all of their expectations.
I recommend:
Baker Mortgage is in Sugar Land and offers brokerage services in addition to other real estate services. Houston Capital Mortgage provides banking services as well as mortgage brokerage services.
Obtain a referral for a mortgage in Texas from a real estate agent
Real estate agents usually send a substantial amount of business to their preferred lenders. A smart mortgage lender will take good care of these referrals.
I recommend:
Tiemeyer Team Realtors in Plano provides a variety of home buyer resources and will disclose its preferred vendors to callers. The Miner Team is located in Round Rock and provides a list of preferred mortgage brokers in the Austin area.
Solicit quotes directly from mortgage companies in Texas
You may want to contact a lender directly if you are already comfortable with one. Local lenders should be familiar with specific factors that affect the housing market in your area.
I recommend:
MKT Mortgage in Katy offers online applications along a variety of mortgage tools and information. MetLife Home Loans is located in Southlake has a step-by-step guide on the home loan process in addition to advice on choosing home loans.
Tips & Tactics
Helpful advice for making the most of this Guide- Texas mortgage companies may sell your loan to another company. Don't be surprised if you receive a notice from both the old and new lending company advising you of the change and providing instructions for making your payments to the new lending company. The right to service your loan also includes managing your escrows for insurance and property taxes.
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Guide to Mortgage Lenders in Texas
Looking for a mortgage in Texas? Strategies to help you find the best lendersTexas mortgage brokers have the experience and connections to examine thousands of different deals from a number of mortgage companies in Texas. When hiring a Texas mortgage broker, look for a professional who has a keen understanding of your local residential market. The Housing market in Texas can vary drastically, so you need to find a professional who can guide you and has direct knowledge of Texas mortgages.
To find the best mortgage companies Texas has to offer:
- Make sure you're working with reputable mortgage companies in Texas. It’s a good idea to check up on lenders’ records with government and better-business groups.
- Search online and look at rates and terms on for mortgage brokers and Texas mortgage companies.
- Whether it’s your first or second mortgage, Texas lenders and brokers aren’t the only option. National lenders and brokers may offer the best terms on mortgages.
Action Steps
The best contacts and resources to help you get it done
Search local Texas mortgage brokers and lenders associations
Texas mortgage lenders associations and mortgage brokers associations can help you find professionals who understand the local housing market and Texas mortgages.
I recommend:
To secure a mortgage in Texas, consider working with a member of the Texas Association of Mortgage Brokers, where you can search for a broker by region. Or, find Texas mortgage lenders at the Texas Mortgage Bankers Association.
Consider local and regional banks for mortgage loans in Texas
Local and regional banks are some of the most common mortgage lenders in Texas.
I recommend:
Search for local registered banks at the Texas Department of Banking. Or, find local banks that offer mortgage loans in Texas at USCITY.net or LocalLender.info.
Use online sources to search for Texas mortgage companies
Numerous online sources can help you shop for the best mortgage lenders in Texas.
I recommend:
PreferredConsumer.com lets you search for Texas mortgages. At MortgageLoan.com, you can compare brokers and lenders by city.
Work with national mortgage lenders for Texas mortgages
Many national mortgage brokers and mortgage companies in Texas offer mortgage loans that may be right for you.
I recommend:
Texas home finance options include national lenders, such as GMAC Mortgage or Wachovia, or check out Equifax, which offers a nationwide mortgage referral service. Veterans may qualify for a loan through the VA Mortgage Center.com or USAA.com, where you can get pre-approved for mortgage loans in Texas.
Check with legal authorities about mortgage companies in Texas
Make sure the mortgage brokers or mortgage lenders in Texas you're considering working with haven't been reported by borrowers for unethical business practices. A quick check will ensure your lender is trustworthy.
I recommend:
Check with the Better Business Bureau of Central and South Central Texas, the BBB of Greater Houston and South Texas, the BBB of East Texas or the BBB of Southeast Texas to make sure the Texas mortgage lender or broker is legit.
Find out what local experts are saying about the Texas mortgage industry
Local real estate experts, including your own real estate agent, can provide insider dope on mortgage companies in Texas and market trends that any househunter needs to know.
I recommend:
The Austin Real Estate Blog and the Fredericksburg Texas blog help you keep up with the latest trends in the rapidly changing Texas market. Also, check out Nancy Sarnoff's Real Estate Column in the Houston Chronicle.
Tips & Tactics
Helpful advice for making the most of this Guide- Lenders in Texas should be familiar with state fees and should have a network of local appraisers and title companies to make the process go more smoothly.
- Bank mortgages in Texas are negotiable. Shop around for rates from Texas mortgage companies and mortgage brokers before approaching your local bank.
- When comparing rates on mortgage loans in Texas, make sure all rate quotes are from the same time. They often change drastically due to market fluctuations.
- Tied mortgage brokers don't charge an upfront fee, but work with a limited number of lenders in Texas who pay them a commission should you choose their mortgage.
- An independent broker charges an upfront fee but casts a wider net, offering a variety of Texas mortgages from a host of mortgage companies in Texas.
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Guide to Making the Most of Mortgage Lenders in Texas
Find the best Texas mortgage companies and buy your new homeA mortgage broker can help you save time in your search for mortgages in Texas but they are not able to negotiate terms you would not be able to get for yourself and they are not obligated to get the best deal for you.
There are three things you can do to locate the best mortgage in TX for your needs:
1. Ensure your mortgage broker has specific expertise in your local real estate market. Housing markets can vary greatly within a short distance.
2. Check records with better business groups and government sources to ensure a Texas mortgage company is reputable.
3. Search online to find the terms for a variety of mortgage lenders in Texas. While the interest rate is important, there are other terms you should also consider. Use the same time period when comparing interest rates due to the volatility of the real estate market.
Action Steps
The best contacts and resources to help you get it done
Search for reputable Texas mortgage brokers
Texas mortgage brokers are closely regulated and there are a variety of online resources you can use to investigate a mortgage broker's credentials.
I recommend:
The Texas Association of Mortgage Brokers can locate a member by area code, name and zip code. The Texas Department of Savings and Mortgage Lending allows you to search for a variety licensees including mortgage brokers.
Find a directory of mortgage loans in Texas
There are a variety of websites that allow you to select a list of mortgage lenders by state. These sites typically provide other criteria as well.
I recommend:
ReverseMortgage.org specializes in reverse mortgages and locates members of the National Reverse Mortgage Lender's Association by state. Mortgage Lender Universe allows you to search for mortgage lenders in Texas by keyword, city and zip.
Research mortgage companies in Texas
There are many research sites in Texas that provide information independent of any one mortgage lender. They may be able to offer specific advice on the housing market in your area and frequently have other resources to help you in your search for a mortgage loan.
I recommend:
NationalRelocation allows you to compare lenders by selecting Texas for the state and providing the loan type, purpose and amount. Homethinking provides specific information on mortgage lenders in Texas and also has a summary of the mortgage lending market.
Tips & Tactics
Helpful advice for making the most of this Guide- An independent broker will charge you a fee upfront but will contact a larger number of Texas mortgage lenders. Tied mortgage brokers don't charge an upfront fee but only work with a limited number of lenders. These brokers usually get a commission from the lender upon approval of the loan.
