Home Mortgages for purchase, refinance, or elimination of debt in Corpus Christi, TX are provided by John The Mortgage Man! We offer a variety of mortgage options including conventional, FHA, VA, and many others.
I have access to great loan programs that can make this process quick and easy. With conventional loans you will have access to a great combination of terms and low interest rates, that will allow you to own your dream home quicker and for less money. I also have access to the best government loans including FHA Loans and VA Loans. You can use an FHA loan to purchase your home with as low as a 3.5% down payment. If you are serving or have served in the military a VA loan which offers great rates and no down payment might be your best option.
Let me tell right up front, you will not consider me to be a very exciting guy. I am pretty much a normal person, family man with six kids (three children born into our family each are married so that adds up to six) and three grandchildren, a wife and a dog. Oh, and I do have three grand dogs. I do not have any exciting or dangerous hobbies, so you might think I am dull or boring. Seriously, I enjoy videography, reading and people; not the activities that make you say “WOW, you’re the man” (actually I’m not the “man” I’m “The Mortgage Man“). But I like to travel and am fortunate that my wife of 37 years works for an airline so travel is very affordable.
In 1991 I started originating loans. Through continuing education I have achieved certification as an FHA Specialist, VA Loan Adviser and Ethical Practices. My focus goes beyond helping clients “get a loan.” I am their mortgage coach to help them win the mortgage game. Winning the game is more than closing on the loan; but how to manage your loan in order to save thousands of dollars. I am available to answer questions after they move into their home and stay in contact with my clients to give information on how to save and manage money.
Conventional loans are home loan programs that are backed by Fannie Mae and Freddie Mac, to give mortgage lenders more confidence in lending out money. They set the terms that all mortgage 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 home 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.
If a high down payment has stopped you from owning a home in the past, I have a solution that has worked for many home buyers. The solution is an FHA home loan. An FHA loan is a government sponsored home loan program created by the Federal Housing Administration with the idea of making a home ownership a reality for more people. Conventional home loan programs typically have down payments of 20%, however with an FHA loan that down payment is just 3.5%.
Another huge advantage of an FHA loan is that financial requirements are not as strict as what you’d have with conventional loan. You will still need to have decent credit, but are not required to have perfect credit to qualify.
The rates with FHA home loan tend to be a bit higher compared to conventional loans; however in many cases the mortgage payments that you’d pay with a FHA are lower then what you’d pay in rent for a similar home using a different loan program. This is a great program for anyone, but FHA Loans are especially popular with first time home buyers who may not have had the time to save enough for a 20% down payment and are still building their credit.
So what makes a VA mortgage loan so special? The biggest advantage is that it lets you purchase a home for no money down. You won’t find too many home loan programs that offer that kind of advantage. The VA loan was created by the Veterans Administration to let more veterans purchase a home, and with the advantage of not having to worry about generating a down payment, it doesn’t get much easier then that. In my many years of lending, I’ve seen generating down payments being one of the biggest roadblocks that have stopped people from owning a home. If you qualify for a VA home loan that is no longer a worry.
Beyond the huge advantage of not having a down payment, the financial requirements are some of the most favorable that you will find with any other home loan program. In fact majority of people, who would qualify for a VA loan, would not qualify for a conventional loan program. There is a lot less paperwork and fees that are normal with conventional loan programs which will save you tons of money. Then on top of that VA home loan rates tend be on par with the lowest conventional loan rates. When you add this all up you can see that a VA loan can get you in a home easier and for less money then pretty much any other home loan program.
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