Mortgage Options

The kind of mortgage you choose has a big impact on how much you end up paying—how much you’ll have to pay upfront, your monthly payment amount, and the total cost of your loan over time. It also affects the level of risk you take on. Knowing what kind of loan is most appropriate for your situation prepares you for talking to lenders and getting the best deal.

Conventional Fixed-Rate Mortgages

 

The lowest fixed interest rates for eligible buyers.

Rates and more info

  • Best fixed rates

  • No Surprise in rate.

  • Perfect chose for permanent home owners

  • Have an established credit history

  • Can put at least 5% down on a home

 

FHA Mortgages

 

Government-backed mortgage with more forgiving guidelines

Rates and more info

  • Credit score as low as 580 and up

  • Flexible qualification requirements

  • Low closing costs

  • 3.5% down payment

  • Don't have an established credit history or have experienced credit challenges in the past

 

VA Loans

 

Government-backed loans for active or retired military veterans.

Rates and more info

  • Very little or no down payment

  • No mortgage insurance 

  • Flexible qualification guidelines

  • Fixed-rate and ARM options

  • Are an active military member or veteran

  • Are the surviving spouse of a service member who died as a result of military service

USDA Loans

 

Mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program

Rates and more info

  • $0 Cash down

  • NO mortgage insurance

  • 50% of the area median income very low, while low sits between 50%-80%

  • borrowers to have at least a 620 score

  • Guarantee Fee rolled into the loan amount (102 percent financing)

 

Jumbo Mortgages

 

The lowest rates for higher-priced properties.

Rates and more info

  • Increased purchase limits

  • Competitive rates

  • Fixed-rate or ARM options

  • Are buying a home that exceeds conforming loan limits ($417,000 in most areas)

  • Have an established credit history

  • Can put at least 20% down on a home

 

Investment Property Loans

 

Financing for properties that generate income.

  • Financing for residential rental property or 1-4 units

  • A variety of loan options to choose from

  • First time landlord or multiple property owner

  • Are buying a second home

  • Decide if you want to invest short- or long-term

.Any complaint against C&T Mortgage or Jennifer No should be reported to https://www.sml.texas.gov/index.html
calling its TOLL-FREE CONSUMER HOTLINE AT 1-877-276-5550,
BY FAX AT 512-475-1360, OR BY EMAIL AT SMLINFO@SML.STATE.TX.US, NMLS #1238152

Cypress Mortgage Pro

C & T Mortgage, Inc.

16718 House Hahl Rd Ste H  Cypress, TX 77433

 Cell 936-525-7225

Office 832-220-1480

Other 936-522-7193

NMLS# 1368889

NMLS# 1310829

Company NMLS # 1231852

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