Jumbo Mortgage Loans

Yes, applying for a mortgage loan before you find a home may be the best thing you could do. When you apply in advance, you are issued a pre-approval letter subject to finding your new home. You can use the pre-approval letter to assure your real estate agent that you are a qualified buyer and look in the right price range to fit your budget. Having been pre-approved for a mortgage may also give more weight to any offer you make.

There is no fee to complete an online application for any of our loan products. If you are applying for a Mortgage (Purchase or Refinance), when the Loan Officer pulls your credit report to begin the pre-approval/loan process, a non-refundable fee of $55.00 is collected. If you apply for a Home Equity or Home Improvement loan, the credit report fee is not applicable. There is no obligation to complete the mortgage or equity process once an application is completed.

Your Loan Officer will interview you and analyze your completed application, your credit report, and an automated underwriting system to determine which documents we’ll need to process your application. During the processing and underwriting part of your loan, other documentation may be required for final approval.

If the home you want to buy is priced above the Conventional or Conforming loan limits set by Fannie Mae and Freddie Mac, you will want a Jumbo Mortgage Loan. These values change every year and are based on location – currently in Texas that is a mortgage starting at $766,551.