Houston Home Loans, There are many opportunities for owning a home in Houston’s ever-changing property market. Whether you are buying your first house or looking to refinance one, VA loan interests the most find a good mortgage lender within Houston will be vital ash this will determine what amount you spend.
Top Rated Mortgage Brokers in Houston
Below is a list of some of the highest-rated mortgage brokers and lenders in Houston that can walk with you through your home buying process:
- Sente Mortgage – Popular for providing an extensive variety of mortgage products coupled with exceptional customer service; they always rank among the top.
- Top One Mortgage, LLC – They are known for their personalized service where clients have an opportunity to get different loan programs depending on individual needs; these guys also uphold transparency and good communication lines throughout the transaction period.
- Boxwood Mortgage LLC – With this company, borrower education is key while delivering customized solutions leading to high levels of satisfaction from clientele base.
- Texas Premier Mortgage – It prides itself as having very experienced loan officers who know how to ensure that your loans close in time plus under best terms achievable.
- Lone Star Financing – This lender puts more emphasis towards customer satisfaction hence they will take care of everything for you starting from various mortgage options available up to completion stage thus making sure all goes well as planned.
Why should I use a mortgage broker over a bank in Houston?
Mortgage brokers act as go-betweens for borrowers and lenders. They are capable of providing more loan products than individual banks do, which increases the likelihood of you finding the most suitable mortgage. Their knowledge can be very useful in navigating through the intricacies of applying for a mortgage so that you get the best possible deal.
Types of Home Loans Available in Houston
- Conventional Loans: This is the type of mortgage that is most commonly used. The loans are not insured by the government and they usually require a 20% down payment for approval.
- FHA Loans: These are designed for people who have little money to put down. They are insured by the Federal Housing Administration which allows borrowers to take out loans with low closing costs.
- VA Loans: VA loans are available to veterans, active duty military personnel and their families. They offer 100% financing (no down payment) and do not require mortgage insurance.
- Jumbo Loans: Jumbo mortgages are a good option for people who need to borrow more than the conventional loan limit. They have higher interest rates because they carry greater risk due to there size.
- USDA Loans: USDA loans help low-income families in rural areas become homeowners. The program is sponsored by The U.S. Department of Agriculture and provides 100% financing, so no down payment is required.
Finding the Best Mortgage Broker for You
In order to select a mortgage broker in Houston consider these points:
The range of loan products: You should go for a lender that provides various types of loans so that you can choose one which meets your personal needs as well as financial situation. This way, if you need any special consideration such as longer repayment period or lower installment amounts then they will be able to help out without much hassle.
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- Customer service: Look at reviews made by other people who have used these brokers before in order to know how good their customer service is when it comes down to communication and quick response. You actually don’t want someone that takes ages before replying on simple issues like interest rates or loan application process which could delay your plans significantly.
- Fees and charges: Be sure not only compare their interest rates but also what they charge for closing loans because this could affect