Purchasing a home may be one of the largest purchases a person makes in their lifetime. We at South Texas Home Loans, recommend hiring a professional that can help guide you through the Rio Grande Valley home buying process. Should you need assistance in finding the right realtor for you, we can help point you in the right direction.
A home inspection is a thorough evaluation of a home completed by a professional. The inspector will meticulously investigate the home from top to bottom, ensuring that any problems with the home are brought to light. This inspection will provide the buyer with valuable and possibly, money saving information. Although a home inspection is not required in Texas, we highly recommend having a professional inspect your prospective home.
An appraisal is used to determine the fair market value of a home. In other words, it is a realistic view of what the home is worth according to a professional appraiser.
Lenders generally include the following: principal and interest payment, local property taxes, home owners insurance, and private mortgage insurance (if needed).
Pre-qualifying is a ball park figure that we offer clients based on the financial information they provide. It is the unofficial amount you may borrow.
Pre-approval offers a more definitive number on the amount we can loan you. It is based on the financial records you provide South Texas Home Loans with.
This number will be determined based on the type of loan you apply for. There are programs that require 0% down and some that require up to 20% down. South Texas Home Loans can help guide you toward a loan that suits your current needs.
Andrew Riddle . Mortgage Lender . NMLS 1469914
Office - 956-515-2512 . Direct - 956-279-7320
"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE Company OR A LICENSED MORTGAGE Company RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE Company and/or its employees. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."
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