Texas Mortgage Programs Available From The Decker Group
When it comes to Texas home loans there is no one size fits all mortgage loan. Which mortgage program makes the most sense for you depends on a number of factors such as how long you plan on owning the home, the amount of equity you will have in the property, and whether your priority is to pay off your loan quickly or maintain a low monthly payment.
Types Of Texas Home Loans
Just a few of the options available from The Decker Group include:
- Purchase Mortgages - Great options for everyone
from a first time home buyer to a repeat real estate investor.
Choose from fixed rate or adjustable, and terms of 30, 20,
or 15 years.
- Refinance Loans - Refinance
for a lower monthly payment, to pay off your loan sooner,
to take cash out, or to consolidate debt.
- Jumbo Loans - Financing for larger loan amounts
- those exceeding the current conforming limits up to $1,500,000.
- FHA
Loans - Backed by an agency of the federal government
these loans are great for Texas home owners looking for
a low down payment option. FHA loans also offer low
mortgage rates and can be easier to qualify for.
- VA Loans - VA loans are guaranteed by the U.S.
Department of Veterans Affairs. They are available to active,
reservist and veterans of the armed forces. The VA determines
eligibility and issues a Certificate of Eligibility. VA
loans offer low or no down payment and do not require monthly
mortgage insurance. VA loans can be used for purchase or
refinance.
- Civil Service Appreciation Program - Eligible law
enforcement officers, firefighters, paramedics and EMTs
may qualify for a discount on closing costs.
- Teacher/School Employee Appreciation Program -
Rewards teachers, educators, and school employees for their
service to the community. A discount will be applied to
employee closing costs.
To learn more and decide which Texas mortgage loan is right for you contact The Decker Group. Your mortgage banker can provide a free, no obligation rate quote and consultation in just a few minutes. Complete the Rate Quote form or call 972-591-3097.
* Mortgage programs and terms subject to
change. Please call 972-591-3097 for more details.
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Examples of mortgage products and scenarios listed on TXMortgageGroup.com
*30-Year Fixed-Rate Mortgage: The payment
on a $200,000 30-year Fixed-Rate Loan at 5.00% and 70% loan-to-value
(LTV) is $1073.64. The Annual Percentage Rate (APR) is 5.170%.
Payment does not include taxes and insurance premiums.
*15-Year Fixed-Rate Mortgage: The payment
on a $200,000 15-year Fixed-Rate Loan at 4.50% and 70% loan-to-value
(LTV) is $1529.99. The Annual Percentage Rate (APR) is 4.787%.
Payment does not include taxes and insurance premiums.
*FHA Loan: Rate is fixed. The payment on a
$204,250, 30-year fixed rate loan at 5.00% and 90% loan-to-value
(LTV) is $1248.79. Payment includes a one time upfront mortgage
insurance premium (MIP) at 1.0% of the base loan amount and
a monthly MIP calculated at 0.90% of the base loan amount.
The 0.90% monthly MIP will be paid until the loan reaches
78% LTV, provided the MIP has been paid for a minimum of 5
years. Thereafter, the monthly loan payment will consist of
equal monthly principal and interest payments until the end
of the loan. Payment does not include taxes and insurance
premiums. The actual payment amount will be greater. The Annual
Percentage Rate (APR) is 5.756%.
*30-year Fixed-Rate VA Loan: Rate is fixed.
The payment on a $200,000 30-year fixed-rate loan at 5.00%
and 90% loan-to-value (LTV) is $1100.65. The Annual Percentage
Rate (APR) is 5.169%. Payment does not include taxes and insurance
premiums. The actual payment amount will be greater. VA loans
do not require PMI. The VA loan is a benefit of military service
and only offered to veterans, surviving spouses and active
duty military.
*Adjustable-Rate Mortgage: The payment on
a 30-year $200,000 5-year Adjustable-Rate Loan at 4.50% and
70% loan-to-value (LTV) is $1013.37. After 5 years, the principal
and interest will increase or decrease based upon the value
of the predetermined index. Payment does not include taxes
and insurance premiums. The Annual Percentage Rate (APR) is
7.625%. Rate is variable.
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