Buydown: A Way To Reduce Interest Rates

2022-10-08_21-34-14

TEMPORARY RATE BUYDOWN Buydown: A Way To Reduce Interest Rates HELP BORROWERS LOWER THEIR INTEREST RATE BY UP TO 2% AT THE START OF THEIR LOAN Giving clients extra flexibility with a lower monthly payment by offering them a Temporary Rate Buydown to lower their interest rate at the start of their loan. It’s a… [Read More]

Mortgage Rates in Texas

texas mortgage rates

Rising Interest Rates in the Housing Market – Mortgage Rates in Texas Stephanie Marini, CFP®, CRPC® September 23, 2022  Mindset Wednesday (Sept. 21), to no one’s surprise, the Fed announced an increase to rates of 75 basis points for the third time in a row, an overall fifth increase this year. Chair Jerome Powell maintains that a… [Read More]

2023 VA Loan Limits in Texas

2022-09-14_16-38-35

New 2023 VA loan limits in Texas won’t be released until November but we’re honoring them now effective September 11, 2022 for VA loans locked starting today. $715,000 for regular 1–4 unit VA loans (increased from $647,200) $1,073,000 for regular 1–4 unit VA loans in AK and HI (increased from $970,800) VA jumbo loans starting $1… [Read More]

New 2023 Conventional Loan Limit Increase

texas refinance

The new 2023 Conventional Loan Limit Increase goes into effect immediately for Texas Premier Mortgage and its clients at $715,000 the previous loan limit for most counties was $647,200. This will apply to your next purchase, refinance, or home equity cash-out mortgage loan. The loan limit increase is welcome news as most homes across the… [Read More]

Home Loan – Should you wait to purchase?

Home Loan - Should you wait to purchase?

Looking for a Home Loan – Should you wait to purchase? With the housing market in unseen territory the last few years, there have been a lot of changes going on and a lot of different opinions. For many renting is still a better option but, should you wait to purchase if you’re ready to buy… [Read More]

2022 FHA Loan Limit in Texas

fha texas

The 2022 FHA Loan Limit in Texas is $420,680 The FHA loan limit in Texas has increased up to $420,680 for a single-family home and can vary depending on the county. This applies to all purchase and refinance FHA Loans in Texas. What is an FHA Loan? FHA Loans in Texas are easy with Texas Premier Mortgage. No… [Read More]

New 2022 Conventional Loan Limits

2021-09-30_13-19-20

New 2022 conventional loan limits won’t be released until January … but we’re honoring them now so you can start taking advantage! $647,200 for regular one-unit conventional loans (increased from $548,250) What Are the Advantages of Conventional Loan Financing? There are several benefits of conventional financing, including the following: You can buy a primary home… [Read More]

2021 FHA Loan Limit in Texas

fha texas

The 2021 FHA Loan Limit in Texas is $356,362 The FHA loan limit in Texas has increased up to $356,362 and $416,300 for a single-family home, depending on the county. The lower number applies to most counties in the state, however, those buying near big cities may be able to qualify for more. What is an FHA… [Read More]

New FHA Loan Limit 2021

fha loan limits texas

New FHA Loan Limit 2021 – Guide Given massive year-over-year gains in home prices, the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. That loan limit figure is determined as a percentage of the national conforming loan limit for Fannie Mae and Freddie Mac,… [Read More]

Houston Refinance Mortgage Loan

2020-12-17_13-31-10

It’s never been a better time to refinance than now! Rates remain at historic lows not seen in a decade. If you’re not sure if now is the right time call us today for a free evaluation of your scenario and savings! We are local mortgage experts with broker pricing that is more aggressive than… [Read More]