Our Texas Mortgage Loans:

Texas Mortgage Loans

Texas FHA Mortgages for 1st Time Home Buyers

Texas FHA LoansPerfect for 1st time home buyers because Texas FHA loans require only 3.5% down.  Available to all buyers, FHA loan programs are primarily designed to help low and moderate-income families who do not meet requirements for conventional loans that adhere to more strict underwriting guide lines. However, there are cases in which borrowers who are eligible for conventional financing would still choose a FHA loan. FHA home loan programs are particularly beneficial to those buyers with less available cash as the required down payment is lower than for conventional loans. Rates on FHA loans are also generally lower than conventional mortgage loans.

US Military - We specialize in Texas VA Mortgages

Texas VA LoansProudly serving our Texas veterans and here to say “Welcome Home!”.  Lone Star Financing is an approved VA mortgage lender in Texas with low rates and low fees.  Texas VA home loans have a lot of great advantages  Veterans that are eligible are all active duty, honorably discharged Veterans with 22 months service, or reservists with 6 completed years—or a qualifying combination. A Certificate of Eligibility or Statement of Service is required to qualify for the VA loan.

Rural Properties - USDA Home Loans

USDA Loans100% Financing Options for rural properties. A Texas USDA Loan is guaranteed by the US Department of Agriculture (USDA) and is intended for the purchase of rural property. USDA mortgage loans require a reasonable credit history along with income restrictions. USDA loans allow for 100% financing with the ability to finance closing costs and repairs, provided the property appraises. There are many benefits to USDA home loans in Texas.

Conventional Mortgages—Loans Under $766,550

Conventional Home LoansConventional mortgage loans in Texas are the most common types of home mortgages, and are insured by either Fannie Mae or Freddie Mac. With down payments as low as 5%, conventional loans offer better terms with lower mortgage insurance costs and rates based on credit rating. Additionally, conventional home loans offer the ability for borrowers to finance multiple properties including second homes as well as investment properties. The 2024 conforming loan limits for all Texas counties was set at $766,500.  

Texas Jumbo Mortgages - Loan Values More than $766,550

Texas Jumbo LoansJumbo / Non-Conforming Mortgages also referred to as Jumbo Mortgages. Texas Jumbo loans are unique in that they are not secured by either Fannie Mae, Freddie Mac, or FHA. These mortgage loans are made possible using private investor programs. This difference means that there is no guarantee provided to the investor, so consequently the mortgage’s guidelines are not standardized and are subject to the investors’ requirements. Typically these guidelines are more restrictive, yet make it possible for larger purchases to be financed at competitive rates.

Not sure which Texas mortgage loan type is right for you? Call or Apply online to speak with an experienced loan officer. We’ll take you through all the options, discuss rates and loan types and help customize a loan just for your specific lending needs.  We are a direct Texas mortgage lender with low rates and in-house underwriting to close loans fast – typically in 28 days or less. 

Still have questions about which Texas mortgage is right for you?  Visit with one of our Texas mortgage loan experts for free consult. 

  • Review your scenario
  • Provide best loan options
  • Review available rates and fees
  • Calculate your exact borrowings & repayments
  • Explain all fees, charges, and the general process
  • Show you ways to save money
  • Provide a no cost loan estimate
  • Learn more about the Home Loan Process

Texas Mortgage Loans

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