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John The Mortgage Man
4832 Holly Rd. Suite 201
Corpus Christi, TX 78411
(361) 510-1420johnthemortgageman@hotmail.com
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Conventional Loans

Conventional loans are mortgage loans offered by non-government sponsored lenders. These loan types include

  • Fixed Rate Loans
  • Balloon Mortgages and Pledge Asset Loans
  • Jumbo / Construction Loans
  • Reverse Mortgage

 
Conventional home loans are the most popular type of home loan; however it is smart to work with a lender who is experienced in conventional loans to give you the best possible rate with low fees. Pretty much any lender can do a conventional loan, but only an experienced lender has the relationships with multiple lenders to get you the best possible terms on a conventional loan program. I’m John the Mortgage Man and I have 22 years of conventional loan lending experience, so you can be assured you won’t find many lenders in Corpus Christi, Austin, San Antonio or anywhere else in Texas that has more experience then me.

Conventional loans are home loan programs that are backed by Fannie Mae and Freddie Mac, to give lenders more confidence in lending out money. They set the terms that all lenders have to follow. One of the main terms that conventional loans have are they require a 20% down payment. While this tends to be one of the higher down payments that you will find, the interest rates tend to be lowest.

Conventional loan programs are perfect for potential home owners that have saved enough money for that larger down payment. This way if you have the ability to pay that larger down payment you then will more then likely get the lowest possible interest rate. That means you will pay the least amount of money for that home, first because you’ve paid off such a large part of the home’s price with the higher down payment, so the loan will be less and then the interest rate on it will be so low your monthly payments will very low as well.

There are lending limits that you will find with conventional loans, it is $417,000 any where in Texas. That is a high loan limit when you look at the average home price in Texas is $185,400, there will be plenty of homes to choose from in Corpus Christi, San Antonio, Austin and through out Texas.

If you are wondering if a conventional loan is the right home for your situation I can help you see how much you could qualify for. Put my expertise to work, I’ll find you the most competitive conventional loan rates and terms you’ll find anywhere in Texas.

To get started, give me a call today!  361-510-1420
 



Meet them man…the mortgage man.

Mortgage Man
Jeremy Dean
Jeremy Dean
06:16 07 Mar 19
John the Mortgage Man worked to get me and my wife into our first home this year! We had some issues with low funds, high debt and bad credit, but John helped us to determine how much we needed to save up to get in the home we wanted. Once we got there John was able to hook us up with a lender and get us a good deal on a loan. We closed in just over two weeks from the time we found a house that we wanted! John always made us feel at ease and answered any questions we had. Very knowledgeable, very responsive and very kind! Thank you John for everything! Highly recommend!!!read more
John McCoy
John McCoy
15:12 19 Feb 19
John made getting our loan processed very efficient and worry free. He will do the same for you!
CJ
CJ
19:47 20 Oct 18
12 days from application to closing, now that's fast! Great overall service, everything John said he would do, he did it. My clients were thrilled.read more
Frank J Rosati
Frank J Rosati
19:15 20 Oct 18
John made everything easy for the purchase. He had everything covered (all the associated costs, paperwork) that I needed to close. It was a pleasure to work with him again (this is my second time working with John) and I would highly recommend him to anyone looking to finance a home.read more
debbie powell
debbie powell
19:05 19 Aug 18
John goes out of the way for you to make sure you are informed, kept up to date, and always professional. Definitely goes the extra mile to help! Everything is done in a timely manner. Thanks so much John! This is my second mortgage through John McCoy and team.read more
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John The Mortgage Man
4832 Holly Rd Suite 201
Corpus Christi, TX 78411
(361) 510-1420johnthemortgageman@hotmail.com