Houston Mortgage

Turn your dream of homeownership in Houston into a reality with a customized approach to home financing. Arnaiz Mortgage prioritizes the lender-buyer relationship, ensuring excellent customer service each step of the way. Learn more about your Houston home loan options, including eligibility requirements and answers to your most frequently asked questions.

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Our Houston Mortgage Options

Whether you’re shopping for your first starter home or you’re a seasoned investor searching for the right deal, Arnaiz Mortgage offers a wide range of home loans.

Houston Mortgage Process

Our Houston mortgage lenders make the mortgage process as convenient and enjoyable as possible, guiding you through every single step.

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Best Houston Mortgage Solutions for Your Dream House

Our Houston mortgage lenders offer buyers the best solutions for financing their dream homes. Whether you dream of a condo overlooking the city center or a single-family residential home where you’ll create family memories, our loan officers have you covered. We connect Houston buyers to the right loan programs based on their unique financial needs and goals.

Your Guide to Houston Mortgage Requirements

Qualifying for a mortgage loan in Houston typically requires the following:

  • Income Requirements: Proof of income is an integral part of the Houston home loan application process. Lenders require borrowers to show proof of income through W2s or tax returns.
  • Credit Score: Lenders will complete a credit check as part of the process. A better credit score can mean more competitive rates and a lower monthly payment.
  • Down Payment: A down payment is another essential part of buying a new home in Houston, Texas. Lenders require borrowers to pay a portion of the home’s purchase price, also known as the down payment.
  • Debt-to-Income (DTI) Ratio: Lenders consider a borrower’s debt concerning their income when determining eligibility for home loans.

Improve your credit score, save for a larger down payment, and work with the proper loan officer to secure better mortgage rates.

A better credit score can improve your chances of loan approval and sometimes lead to a better interest rate. Paying off debt can improve your credit score, which also improves your DTI ratio, another critical factor in obtaining the best interest rates.

Save up for a down payment to reduce the amount you have to finance your new home purchase. A down payment is deducted from the purchase price, which means less interest paid and more money in your pocket.

Working with the right lender is also important when choosing which loan programs to apply to. Mortgage loans offer different eligibility requirements, assistance programs, and financing rates, making it essential to explore your options.

Houston Assistance Programs and Grants

Houston assistance programs and grants can help buyers cover the costs of buying a new home. The Texas State Affordable Housing Corporation (TSAHC) offers home-buying assistance to Houston buyers through the Homes for Texas Heroes or Home Sweet Texas Home Loan program.

The Downpayment Assistance Program (DAP) is also available to buyers interested in purchasing in Harris County. Each program is designed for first-time homebuyers, which typically means the borrower hasn’t owned within the last three years.

Why Choose Arnaiz Mortgage for Your Houston Mortgage Needs?

Arnaiz Mortgage is a dedicated TX mortgage lender that offers customized mortgage loan options to Houston buyers. We offer a variety of home loans to Houston, Texas, buyers with competitive rates and personalized guidance. Whether you’re searching for loan programs for a primary residence or interested in refinancing, Arnaiz Mortgage has a customized solution for you.

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Frequently asked questions about Houston Mortgage

  • What are the best mortgage lenders in Houston?

    The best mortgage lender in Houston depends on your unique buying needs. Arnaiz Mortgage is a preferred TX lender that offers various loan programs to buyers in Houston. Our lenders work hard to help buyers choose the best Houston, TX, mortgage.

  • How do I qualify for a mortgage in Houston?

    Qualifying for a Houston home loan requires a good credit score, at least a 3.5% down payment, and proof of income. Work with a Houston lender today to learn more about the unique eligibility requirements of the various home loans.

  • What is the average mortgage rate in Houston?

    The average mortgage rate in Houston varies depending on loan type, length of loan, loan amount, and current rates. Mortgage rates also depend on whether they’re adjustable or fixed. Adjustable-rate mortgages mean rates change over the life of the loan, whereas a fixed-rate mortgage has the same rate for the loan.

  • What types of mortgage loans are available in Houston?

    Various loan types are available to Houston buyers. A conventional loan can offer eligible borrowers competitive interest rates. FHA loans are popular with first-time buyers because of their straightforward qualification process. VA loans are an option for active military or veterans. Arnaiz Mortgage also offers nontraditional home loans, including jumbo loans or home equity loans.

  • How much down payment do I need for a house in Houston?

    Down payment requirements in Houston, TX, vary depending on the mortgage loan type and lender, but they are usually between 3.5% and 20% of the loan amount.

  • Are there any first-time homebuyer programs in Houston?

    Yes, first-time homebuyer loan programs are available to some buyers in Houston, TX. The City of Houston Housing and Community Development Department has a Homebuyer Assistance program, which offers up to $50,000 to qualified borrowers.

  • What is the process of getting a mortgage in Houston?

    The first step to getting a loan in Houston is to contact a Texas mortgage lender and complete a loan application. After completing the initial pre-qualification process, you can begin shopping for homes. Once you find your dream Houston home, you and your lender will complete the underwriting process.

  • How do I find a good mortgage broker in Houston?

    Choose the right mortgage lender for your home financing needs by exploring reviews. You might also consider the lender’s approach to financing. Arnaiz Mortgage doesn’t just offer great rates, but we also put the buyer first.

  • What are the closing costs for a mortgage in Houston?

    A homebuyer in Houston can expect to pay between 2% and 7% of the purchase price in closing costs. Closing costs include appraisal, inspection, legal fees, and title costs.

  • How long does it take to get approved for a mortgage in Houston?

    On average, Houston’s mortgage loan approval process is seamless and quick when you work with Arnaiz Mortgage. Getting pre-approved takes 24 – 48 hours. Once pre-approved for a loan, you can enjoy a quick approval time. Closing on a loan can take 30 days.

  • What credit score is needed for a mortgage in Houston?

    A credit score of at least 580 is usually required to qualify for a mortgage loan in Houston. However, specific credit score requirements vary depending on the loan type and the lender. For example, FHA and VA loans may have less strict credit score requirements than conventional loans.