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Secure Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide: the best available products suited to each borrowers ability & needs.
 
FHA $100 Down HUD REPO
FHA 203ks 203k
FHA
VA & Texas Vet
Conforming up to $417,000
FNMA Homestyle repair loans -Investors

FHA $100 Down HUD REPO

When purchasing a HUD REPO, the down payment requirement can be reduced from the typical 3.5% to $100.....in Texas one must bid the listed purchase price to be eligible for the $100 down payment; any amount that is bid over the list price becomes additional down payment..EG if a property is listed at $110,00 and you bid $112300 - then the down payment becomes $100 + the $2300 overbid..... we are experts in this loan type, please contact us for additional information 

Term: 30 years   Maximum Amount: $217,150

FHA 203ks 203k

FHA203ks is a "streamlined" version of the full blown 203k.........the main differences between the two loans are:

1) structural repairs - 203ks is limited to non-stuctural repairs (IE foundation, load bearing walls)

2) maximum repair funds - 203ks is limited to $35,000 -203k is limited only by maximum loan limits

The 203ks can be useful when purchasing foreclosures that require basic make ready - such as replacing rotten wood, roof (not considered structural), paint, flooring, fixtures (lights + faucets), HVAC units, windows and most anything - up to $35,000. This proram can be utilized under the $100 Down HUD foreclosure program.

The 203k additionally allows structural repairs, septic systems, etc - up to statutory loan limits - but requires a general coordinator

Term: 30 years   Maximum Amount: $270,150

FHA

Best pricing in the state

Government backed loans used to purchase or refinance property. As little as 3.5% of the sales price is required from the Buyer and FICO scores as low as 620 are considered. FHA looks seriously at the most recent 12 month payment history of the borrower - no lates in the last 12 months (especially on time rent) is a good thing - "charge offs" over a year old may be acceptable to FHA if income requirements and other recent payment history meets their current guidelines

FHA to FHA refinances (if you have an FHA loan now) DO NOT require a CREDIT CHECK!!!!! If you have made your house note on time for the most recent 12 months, then you qualify - simple as that........a new appraisal will be required in most cases and closing costs may be rolled in, including this years property taxes!! These are referred to as "FHA streamline" loans

Term: 30 years   Maximum Amount: $270,150

VA & Texas Vet

VA loans are government backed loans available to members of the armed services; including the US Coast Guard and the National Guard.  ((some restrictions apply))  These loans are also available to the widows of qualified servicemen. A VA loan can be structured so that the Veteran can move in for as little as $1.00.

Texas Veteran loans are also available through the Texas Land Board up to $350,000 and can offer discounted interest rates to Veterans that receive disability and/or served during specific time periods.

Term: 30 years   Maximum Amount: $650,000

Conforming up to $417,000

FNMA & FLMC loans up to $417,000 with down payments as low as 3%......always the most competetive pricing in your city......ask about different MI options that can help you qualify for more house and lower your payment

Term: 30 years   Maximum Amount: $417,000

FNMA Homestyle repair loans -Investors

Investor and  Owner Occupant Programs available

Up to $80,000 can be added to the loan above the purchase price for repairs and or improvements on properties up to conforming loan limits of $417.000. The property will have two appraised values (done at the same time) - one, as-is, for the purchase from the seller and two, (as-repaired) to verify value after the repairs are completed.

Investors are required to make a 20% down payment - Owner Occupants a 10% down payment

This is the perfect product for purchasing and renovating real properties in a market where foreclosures are plentiful 




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.