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Committed to your needs
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Customers first
Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. Our goal is to make the loan process as simple and worry-free as possible. We pride ourselves in offering the highest level of customer service, and appreciate the opportunity to earn your business. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction.
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Get fast answers
At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.
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 Mortgage Madness!
8 things you need to know about the new housing rescue bill - 67 days ago
1. Nothing's free! And neither is that FHA tax rebate of $7,500. If you take that rebate, you'll have to pay back the $7,500 in equal installments on your income taxes over the next 15 years, 2 yrs after the purchase.2. The maximum combined loan to value is 100%, period; not dependent on sales prices, area, and new construction, etc. Maximum Loan To Value, however, is 96.5%. That means the minimum down payment is now 3.5%.3. Say good bye to Seller-paid Down Payment assistance. That means Nehemiah is "no mas".4. You can, however, not only accept gift money from family, but a "loan" from family, up to 100%. Congratulations, you're now deeply in debt to your mother-in-law! Fun! :(5. All this takes place as of October 1, 2008 with some of the new law's provisions taking effect in January 1, 2009 (new loan limits, for example).6. This one is important: the maximum upfront mtg insurance premium (MIP) is increased from 2.25% to 3%, and upfront premiums for first time home buyers completing approved homebuyer counseling is increased from a max of 2% to 2.75%. Annual premiums remain unchanged.7. Permanently increased loan limits! From $271, 050 ($288,750 in Austin) up to $625,500 in high-cost areas, limit one house per family, and depending on your area's median household price, an increase of at least 3%.8. Most importantly, an increase in FHA's role of helping at-risk borrowers, up to $300 billion. This will help help roughly 325k people keep their homes over the next few years. The cost of this new program will be funded by fees from Fannie and Freddie.There's much to like and much to dislike with this new bill, #HR 3221. Please feel free to call any of us at FSHL, 512,358-1700, and we'll be more than happy to explain in further detail. |
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We offer you the competitive rates and service you deserve. Whether you're a first time home buyer or are refinancing - we will find you the best rate and program for your situation.
Apply online today for a no-cost, no-obligation pre-approval!
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