FHA Loan Texas Requirements: Best Rates & Options (2021)

FHA loans are fantastic options for homebuyers in Texas. They offer flexible financing and low down payments. The amount you can borrow fluctuates from year to year. And did you know the FHA loan limit can vary by county? Here at the Wendy Thompson Lending Team, we’ve done the heavy lifting – we have the inside scoop on FHA loans in Texas for 2021. And it’s a good thing, too. With 254 counties in Texas, that’s a lot of data to keep track of! Keep reading to see how much house you can buy in Texas. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) [...]

2021-06-16T16:13:47+00:00By |FHA|Comments Off on FHA Loan Texas Requirements: Best Rates & Options (2021)

Cash Out Refinance Tennessee: 7 Questions for Homeowners

Could your home use a major update? Maybe you’re looking to consolidate high-interest debt or there’s an investment opportunity you’re looking to free up some funds for?It can be tough to build up the necessary savings to accomplish your goals, especially in today’s economy. But… a cash-out refinance Tennessee may be your answer.WHAT IS A CASH OUT REFINANCE TENNESSEE?A cash-out refinance Tennessee is a mortgage for your Tennessee home for an amount that's more than your current mortgage balance. It’s a way to tap into your home’s equity – the money you’ve built up by paying your mortgage balance down along with [...]

2021-03-01T09:47:13+00:00By |Refinancing|Comments Off on Cash Out Refinance Tennessee: 7 Questions for Homeowners

Pre Qualified Vs Pre Approved Mortgage

Shopping for a home can be tedious. Besides trying to find your dream house, there’s getting a pre qualified vs pre approved mortgage.I can hear you now… Isn’t being pre qualified the same as being pre approved?It turns out they're both very different.One is a good indication of creditworthiness and an estimate of what you can afford. And the other? Well, that’s one step closer to approval and can make it easier to buy a home. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ [...]

2021-03-04T16:36:44+00:00By |Mortgage|Comments Off on Pre Qualified Vs Pre Approved Mortgage

Best Loan Rates for VA Loans from $200,000 to $500,000

Best Loan Rates for VA Loans from $200,000 to $500,000 Veterans of our military who served our country deserve nothing but the best. And that includes low mortgage interest rates.  Fortunately, the Wendy Thompson Lending Team is a top-rated VA lender. We can get you the most competitive rates you’ll find anywhere. We know what it takes to secure the best rates and terms for your VA home loan. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ window.attachEvent("message", function(event) { if( event.data.length >= 22) [...]

2021-03-04T16:37:17+00:00By |VA|Comments Off on Best Loan Rates for VA Loans from $200,000 to $500,000

How Much is the VA Funding Fee and Do You Have to Pay It?

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score.A VA loan is an excellent option to buy a home. It lets you get into a house without making a down payment. There’s one catch.Most borrowers who take out a VA loan must pay a VA funding fee.So now you’re wondering:How much is it and do I have to pay?There’s good news: The fee is a one-time cost.But it gets better.You might qualify for a [...]

2021-03-04T16:41:55+00:00By |VA|Comments Off on How Much is the VA Funding Fee and Do You Have to Pay It?

USAA vs Navy Federal for VA Loans: Costs, Service, Alternatives

Getting a VA loan is a fantastic option for military members and their families. Picking a lender to work with is a crucial step. In fact, it’s the most important decision you’ll make. Two of the best options to consider are USAA vs Navy Federal for VA loans. Is one right for you? Here at the Wendy Thompson Lending Team, we know what it takes to get you into a new home. That’s why we’re looking at both options to give you a rundown of the eligibility requirements, costs, service, and alternatives. No tricks. No empty promises. We’re only interested [...]

2021-03-04T16:42:49+00:00By |VA|Comments Off on USAA vs Navy Federal for VA Loans: Costs, Service, Alternatives

Best VA Interest Rate Reduction Refinance Loans (IRRRL)

Let’s say you already have a VA home loan, but you want to lower your monthly mortgage payment or shorten the repayment period.But you don’t want to miss out on any of the benefits of having a VA loan.What can you do?The answer is simple.What you need is a VA streamline refinance.And it’s possible with a VA Interest Rate Reduction Refinance Loan.Whew. That’s a mouthful! So we’ll call it a VA IRRRL (pronounced “Earl”) instead. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ window.attachEvent("message", [...]

2021-03-31T23:03:53+00:00By |VA|Comments Off on Best VA Interest Rate Reduction Refinance Loans (IRRRL)

VA Loan Credit Score Requirements

Even though VA loan eligibility is more lenient than other mortgage programs, your credit score is still a big deal.How do I know?Because one of the most common questions we get is:What’s the minimum credit score required for a VA loan? But here’s some good news: Meeting the credit score requirements is easier than you might think. Here’s what you need to know about how your credit history can affect your VA loan, and what to do if you’ve had a bankruptcy or foreclosure. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = [...]

2021-03-04T16:53:20+00:00By |VA|Comments Off on VA Loan Credit Score Requirements

How To Obtain Your VA Loan Certificate of Eligibility (COE)

VA loans are an excellent option for Vets (and surviving spouses) who want to buy a home. The good news is that you can shop for a VA lender without having a VA loan certificate in hand.But if you’re serious about buying a home?You’ll need a VA home loan Certificate of Eligibility.Luckily, it isn’t rocket science.It’s pretty easy to get if you know what you’re doing. And one thing is for sure.Here at the Wendy Thompson Lending Team, we know what we’re doing.We’re in the business of helping Vets make their dream of homeownership come true. Here’s what you need [...]

2021-03-04T16:54:16+00:00By |VA|Comments Off on How To Obtain Your VA Loan Certificate of Eligibility (COE)

Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages

If you're looking for the best VA loan rates between $400,000 and $500,000, you're in the perfect place!Most mortgage lenders won't show you sample quotes (they only want your personal info!)But not here!In this article, we'll show you sample VA loan rates for $400,000, $425,000, $450,000, $475,000 and $500,000 mortgages.  The keys to future home ownership include; understanding how your credit score will determine your APR rate, why higher APR rates make your monthly payments higher, and how the higher the monthly payment the less you can afford for a home. Get started with a quick quote by state: [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) [...]

2021-05-29T03:02:47+00:00By |VA|Comments Off on Best VA Loan Rates for $400,000, $425,000, $450,000, $475,000, and $500,000 Mortgages
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