FHA loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans.
FHA has low down payment requirements
When you apply for an FHA loan you also have the flexibility on acceptable sources used for a down payment. Sources can include personal savings, gifts from a family member, or approved government down payment assistance programs.
FHA annual insurance premiums have recently been reduced.
Borrowers who apply for FHA loans are eligible for FHA’s newly reduced annual premiums.
FHA is designed to make home ownership a reality
An FHA loan is attractive to lenders because it is insured by HUD. Since HUD provides the lending guidelines, some of the criteria to qualify can be less restrictive than conventional loans.
Increased allowance of Seller Concessions
FHA loans allow the sellers of a property to pay up to 6% of the purchase price to cover closing costs or prepaid items associated with obtaining the loan. Conventional loans are capped at 3% in seller contributions when a borrower puts less than 10% down.
We liked knowing upfront what was needed and being able to use the internet to apply online. Everyone was very helpful and knowledgeable. It was a good experience and would greatly recommend others.
Allen B. , Kerr McGee Oil & Gas Corp
Sue Took the time to explain and lead me through the process. They never treated my questions as silly… As a single mom, I appreciated dealing with other women – ones that understand what it was like trying to do this with a 2 and 3-year-old! Thank you for making it painless. Thank you!!
Rachel S. , Single Mom
Sue took care to explain the process and details to me, the wife, of purchasing our new home.
Darlene F. , Homemaker
I have a heavy work schedule that Sue accommodated by coming to my office to answer questions and assist in filling out forms. She also attended the closing. Good Job!
Harry C. , El Paso Corp.
Sue was recommended by my Realtor. Provided friendly and courteous service. Enjoyed working with Sue!!
Dawn F. , Chevron Texaco
Your company has great people and friendly service. You will get all of my mortgage business!
Bradley S. , Texas Barcode Systems
Locked me into a very favorable rate on the first day of the contract! Was persistent on my behalf in providing the requisite financials to the underwriter.
Raymond F. , Retired
The prompt response to my application was great.
Judy R. , Homemaker
Sue was wonderful to work with! She made herself available to us at any time. Being first time home buyers, this was very helpful. keep up the good work.
You all are great – Thanks!
Thomas G. , Attorney at Law
Sue worked the hours to be sure that we could close at the earliest possible time. She stood by her good faith estimate.
Jayne L. , Homemaker
Awesome customer service!
Just a note to tell you how much Sandy and I appreciate your efforts to get our home refinanced. As we approach retirement age, getting our home paid for in a timely manner means so much to us.
Sam T. , First Nat. Bank of Eagle Lake
No surprises. Estimates were very accurate and we closed in a very short period of time. Very pleased with the process.
Kenneth R, El Paso Energy
Exceptional, friendly, prompt, and professional service. Kept us very well informed. Answered all our questions. Made our home refinancing painless. We have never received such excellent care.
Lovella & Don E.
She indicated that my closing costs with Cornerstone would be lower than the competition and it was. She called regularly to assure me that I was getting the best interest rate. And Sue was available at closing to answer any and all questions I had regarding my closing package. Sue was Great!
Salvatore M. , AES New Energy
Together, We’re Family.
What is it like working with the Texas Home Lending team? Kinda like a walk in the park. We’ve simplified the home loan process into 4 easy steps to ensure a positive experience. See how easy it really is.
This simple qualifying step helps us determine what sort of loan options you are eligible for and provide you with the right options.
You will then be matched with a home loan expert to help define your goals and choose the right plan of action for your situation.
We’ll then help guide you through the application process. quick and easy. Get every advantage possible when submitting your application.
We’ll be there with you every step of the way to finalize refinancing or obtaining purchasing power for your new home.
Let us help guide you through the home loan process, making it quick and simple!