Austin, TX Mortgage Lender

home loans austin tx

What’s going on with the housing market? Fixed or adjustable rate? How long do I intend to keep my mortgage?

These are just a few of the questions we often get asked by new clients when first walking in our door to begin talking about a mortgage.

And while there are no right or wrong answers, you want to find a loan that fits your budget.

Here are the steps to picking the right mortgage with the best mortgage lender in Austin, TX.

Check Mortgage Eligibility in Austin, TX

As a trusted Austin mortgage lender with over 20 years of experience, we are here to help you make the right choice when it comes to the financing.

Anyone can toss up a random mortgage rate – but the real work comes in when it’s time to make sure everything closes on budget, and on time…and that’s where we shine!

About the City of Austin, TX

Austin is the capital and most populous city of Texas. It is the 15th most populous city in the United States.

Austin was named after Stephen F. Austin, the founder of Texas. It is the state capital and the most populous city in Texas. Austin is also home to the University of Texas at Austin, which is one of the largest universities in the United States. The university is famous for its research in all fields of science, especially biology and physics. The city also boasts the world-renowned Zilker Park, which features the Austin Zoo and the University of Texas Tower.

Buying a Home in Austin, TX

Dream of racing horseshoes and chasing fireflies on a Texas Hill Country summer night?

Ready to own your very own piece of the Lone Star State?

Come explore the endless possibilities of buying a home in Austin, TX.

Here you can experience excellent schools, thriving businesses, and vibrant culture – all while having plenty of outdoor adventures just minutes away.

Some of the most common questions when thinking about buying a house in Austin are:

If you’re thinking about buying a home here, here’s a checklist to keep in mind:

  • Assess your current financial situation: Estimate your current and future income, expenses, debt, and savings rate to see if buying a home fits in your budget.
  • Analyze different markets: Research home prices, rents, crime rates, and other factors that might affect your decision on what place to buy a home.
  • Consider the cost of homeownership beyond just the purchase price: Make sure you have enough reserves for mortgage payments, insurance, property taxes, and other related costs.
  • Consult with a lender and/or real estate agent who can give you advice tailored to your individual situation: Consider the advice of an independent expert to make sure you are making an informed decision.
  • Look into different financing options: Learn more about mortgages and different down payments that would fit into your budget.
  • Visit potential areas: Drive around neighborhoods, explore new places, talk to locals, and check out any cafes, pubs, or parks that could make living there enjoyable.
  • Make an offer: Once you find the right place and settle on a price that works for both you and the seller, you can submit an offer and start the process of becoming a homeowner.”

With diverse neighborhoods and something around every corner, this could be the next place you call home.

Start your search today and discover why Austin is one of the most desirable cities in America.

And if you need help or have questions, get in touch with us so we can help get you on the right track to homeownership.

What Are Mortgage Lenders in Austin, TX Looking For?

  • Recent applications
  • Credit utilization
  • Payment history
  • Major derogatories (such as bankruptcies)

What Documents Do I Need To Get A Mortgage in Austin, TX

  • Tax returns
  • Pay stubs, W-2s or other proof of income
  • Bank statements and other assets
  • Credit Documentation
  • Photo ID

How to Get a Mortgage in Austin, TX

It’s time to get your documentation in order, so you can start looking for a loan that will help you achieve your dream house.

Here are some things to expect.

  1. Obtain a mortgage Pre-Approval
  2. Receive your approval letter
  3. Locate a property and submit an offer
  4. Verify the details
  5. Close on the loan

Types of Loans Available in Austin, TX

Before you make a decision about which loan to choose when buying a home, it is important to fully understand the advantages and disadvantages of each type.

We’re here to help you choose the right mortgage so you can reduce your down payment and interest payments over the course of the loan.

FHA Loans

FHA loans are available for people who cannot qualify for conventional loans, VA loans, or USDA loans. In addition to allowing you to put down less money, they also offer people with poor credit a chance to get a home.

Learn more about FHA loans in Austin, TX.

VA Loans

The VA loan program is a valuable benefit for eligible veterans, active service members, and surviving spouses. You can get a low-interest mortgage, regardless of your credit score.

If you are currently serving in the military or are a veteran, you might be eligible for a VA loan.

VA loans also come with additional benefits if you are a disabled veteran, so be sure to get in touch with us to see how you can take advantage,

Learn more about VA loans in Austin, TX.

USDA Loans

USDA loans are mortgages that are guaranteed by the U.S. Department of Agriculture through its Rural Development Guaranteed Housing Loan program. USDA loans have no down payment requirements, reduced mortgage insurance, and lower mortgage rates than the market average.

If you qualify, you can use a USDA mortgage to buy a new home or refinance the one you already own. USDA mortgages are intended for home buyers with low-to-average incomes.

If USDA loans sound like the right fit for you, get in touch with us today to see if you qualify.

Learn more about USDA loans in Austin, TX.

Jumbo Loans

Jumbo loans are mortgage loans that exceed the limits set by the Federal Housing Finance Agency (FHFA). Jumbo loans are sometimes called non-conforming loans because they do not meet these limits.

A jumbo loan may attract different investors than conventional mortgage bonds due to the fact that it lacks the guarantees that conforming loans have. Jumbo loans may also have higher borrowing costs as they lack the guarantees that conforming loans have.

Learn more about Jumbo loans in Austin, TX.

30 Yr Fixed Mortgage

With a 30-year fixed-rate mortgage, you will pay off your home in 30 years if you make your payments according to schedule. The interest rate stays the same throughout the loan’s life.

There are several types of 30-year fixed-rate mortgages, including conventional, FHA, USDA, and VA, which are government-backed loans.

Learn more about 30-Year Fixed Rate mortgages in Austin, TX.

15 Yr Fixed Mortgage

15-year fixed mortgages have a fixed interest rate for the duration of the loan. As a result, homeowners pay the same amount of principal and interest every month, unlike an adjustable-rate mortgage, whose interest rate can change annually, drastically affecting a borrower’s monthly payment.

In a fixed rate mortgage, the interest rate doesn’t change over the loan term, so you pay principal and interest at a fixed rate. Before you close on the loan, you lock in your interest rate, and you pay it until you pay off or refinance the loan.

Learn more about 15-Year Fixed Rate mortgages in Austin, TX.

Adjustable Rate Mortgage

An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can fluctuate periodically. Thus, the monthly payment can fluctuate as well. Usually, the initial interest rate is lower than that of a comparable fixed-rate mortgage. Once that period ends, interest rates — and monthly payments — may rise or fall.

Over the past couple of decades, interest rates have tended to trend up and down in a multi-year cycle, but they are unpredictable.

Borrowers who don’t plan to stay in a home long-term, or who live in an environment with high interest rates, are most likely to benefit from ARMs.

Learn more about Adjustable Rate mortgages in Austin, TX.

Frequently Asked Questions

How do I contact your mortgage company in Austin, TX?

If you have any questions, we’re just a phone call away. Call us at 888-670-7550 so we can help!

Where is your Austin, TX mortgage office located?

We service the area near the JW Marriott Austin, however our Austin service area includes all major surrounding cities and counties (listed below).

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What is an escrow account, and how does it work?

The mortgage servicer manages your escrow account, which is essentially a savings account. Your mortgage servicer deposits a portion of your mortgage payment into your escrow account for taxes, homeowners insurance, and mortgage insurance premiums.

What’s the difference between being Pre-Qualified and Pre-Approved?

One of the biggest differences between pre-qualification and pre-approval is that pre-qualification is usually quicker and less detailed, whereas pre-approval is usually more comprehensive and takes longer. The fact that you have been prequalified or pre-approved does not guarantee you will get a loan.

What increases my chances of getting a mortgage?

Those who pay their bills on time increase their chances of being approved for a mortgage. Missed mobile phone payments, late electricity payments, or late credit card payments will remain on your credit file for a minimum of six years.

Areas we serve around Austin, TX

Our Local Austin, TX Mortgage Company Serves Clients In The Following Cities

Our Local Austin, TX Mortgage Company Serves Clients In The Following Counties