Jul 06

Understanding Mortgage Rates – Texas

By Leesa Sandoval | Mortgage

As a consumer, it’s important to understand that mortgage rates change with the movement in the bond market, specifically the value of mortgage-backed securities. These changes happen daily and sometimes multiple times a day. Rates will vary from program to program. For example, rates on USDA loans are a bit higher than FHA loans because USDA allows for 100% financing.

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Jun 15

USDA Home Loan Details – Texas

By Leesa Sandoval | Mortgage

The rates and fees associated with the USDA home loan in Texas are competitive with other programs like standard conventional loans, FHA and VA loans, and unlike these programs, there are no liquid cash reserve requirements associated with the approval of the loan. This means that you do not have to have a large amount of money in reserve after the purchase or refinance to qualify for the loan.

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