WELCOME TO SIGNATURE LENDING SERVICES FOR FHA LOANS IN TEXAS
Find the right FHA home loan anywhere in the great State of Texas with a mortgage lender committed to Making Your Dreams Come True!
Conventional Mortgages
For loans up to and including $424,100, this is the ideal mortgage for prospective buyers with a credit score of at least 620,who wish to put down as little as 3% down.
FHA Purchases
Federal Housing Aministration loans are specifically for first-time homeowners or for those who, due to lower credit scores or limited credit, may otherwise find it difficult to secure a mortgage.
100% Financing
Saving enough money for a down payment on a home purchase can be challenging. The higher your downpayment, the lower your new mortgage, saving you money in the long run.
FHA Loans
With a credit score as low as 500, you may secure a Texas FHA loan. Secured by the Federal Housing Administration, this can assist first-time buyers with a 3.5% downpayment to acquire their dream home. Even with a lower down payment, prospective buyers may qualify for downpayment assistance.
VA Loans
The Veterans Administration assists those with credit scores as low as 500 in acquiring a mortgage of up to $424,100 with no downpayment! 25% of this VA loan is guaranteed.
Jumbo Loans
A Jumbo loan is just what it implies, that the loan exceeds $424,100. Whereas 25% of the loan up to that amount is guaranteed without downpayment, any amount above this requires the veteran home buyer to put down 25% on the amount of the VA loan exceeding the $424,100.
New Construction
Signature Lendering collaborates with several builders who will help pay your closing costs and provide additional upgrades to your new home.
Refinance Cash Out Mortgages
The main drawback of FHA Streamline is that refinancing via the Federal Housing Administration Streamline refinance program will not allow homeowners to take cash-out from their properties.
ALT-A Mortgages
As a rule, the majority of conventional mortgage lenders in Texas won’t approve a new home loan prior to applicants providing proof of their earnings and passing a mandatory credit check.
At Signature Lending Services, we are committed to helping you and your family prosper as you embark on your new property ownership journey. This is why we lend in all of Texas and invite home buyers to use our services to discover what financing options might be most suitable for their specific situation.
What is Down Payment Assistance and How Can it Help?
One of the biggest hurdles for home buyers is saving for a down payment. When you buy a home, you pay a lump sum of money upfront – known as the down payment. The amount you put down is generally up to you, depending on your credit
score and other qualifying factors. On average, home buyers make down payments of around 6% of the loan amount. For a typical starter home of $148,527, this would be $8,912. Saving nearly $9,000 isn’t easy for most buyers. But there is an option that can help
you reach that goal.
Difficulties of saving for the down payment
Rising home prices and steep rent costs are making it harder for buyers to save for the upfront fees of purchasing a home. According to Zillow, it would take the typical renter almost 27 years to save for a 20% down payment on a starter
home. That is why most buyers put down less than 20%. Some conventional loans allow for down payments as low as 3% – allowing the typical renter to buy a starter home after saving for 4 years. The majority of buyers get help from family and friends or tap
into retirement savings to finance a down payment. Of course, not all buyers have this option. If you’re funding the down payment completely on your own, saving will take much longer.
Veterans Administration Loans In Texas.
When looking at FHA loan Texas financing for a new property purchase in Texas, it’s imperative to know exactly what options are available to you. If you are an eligible veteran, for example, it will often be in your interest to seek a VA loan guaranteed by the United States Veterans Administration.
What are the Benefits of Using a VA Loan?
The benefits of using a VA loan to purchase a property are simple. Borrowers do not have to make any kind of down payment on a property. Also, unlike with the FHA loan Texas option, veterans will not be required to pay private mortgage insurance.
What Our Clients Think
We love our clients and our clients love our work!
Mark has been very detailed, hardworking and knowledgeable throughout this whole process. My husband and I are expecting so we are very anxious to make sure our first home purchase is a positive experience. We appreciate Mark and his staff’s superb effort and we have the fullest amount of faith in Signature Lending Services.
Mary Ann Kelly
First Time Home Buyers
The team at Signature Lending were wonderful, outstanding, helpful and a very respectful mortgage company. My experience with a prior lender was terrible and I am glad I chose Signature Lending to help me on my purchase.
Amy Sanders
Mortgage Client
Contact US
For general information or to set up an appointment please complete the form below or give us a call.
