Mortgage Information for Houston Real Estate Buyers
If you’re like most Houston real estate buyers, a home is the most expensive purchase you’ll ever make. Most buyers will need some form of mortgage financing. There are many lending institutions that offer a variety of mortgage loan products. Mortgage qualification requirements, closing costs, and interest rates can vary widely among lenders. It is important to do your research and shop around to ensure you get the loan that best meets your needs at the best price. I would be happy to refer you to some very good mortgage contacts I have in Houston. You can access our Directory of Mortgage Lenders for a list of Houston mortgage lenders we have worked with in the past.
There are many different loan products available for all types of buyers and situations. FHA loans are available for buyers who lack funds for a larger down payment or have lower credit scores. FHA loans require a minimum 3.5% down payment and with credit scores as low as 580. VA loans are available to qualified military veterans and offer a zero down payment. Conventional loans are available for buyers with larger down payments and higher credit scores. USDA loans offer zero down payments to buyers in rural and more remote suburban areas. Hard money loans are available for properties and buyers that do not meet normal lending guidelines. There are even down payment assistance programs for lower income buyers who qualify for the programs. Houston Prime Realty will provide you with the tools to find the best lender and get approved for a loan to purchase Houston real estate or real estate in the surrounding communities of Houston Texas. Buyers can use are Mortgage Loan FAQ for questions about real estate mortgage financing in Texas.
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Current Mortgage Rates Houston Texas
This mortgage rate chart will update daily with current local mortgage rates.