Application must be taken face to face at our offices. Internet, Mail, and telephone applications are not permitted. Borrower identity documentation must be obtained and validated during a face to face interview.
Homebuyer pre-purchase education is required at any HUD approved housing counseling agencies.
https://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=TX
Required documentation
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Signed credit applications / HUD-1003
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Previous 2 years Tax Returns 1040
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Signed 4506-T / Tax Return Verification
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Proof of Income W-2, 1099
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3 Most recent bank account statements
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2 Valid forms of ID
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Credit References
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Credit Report
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Housing payment references
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Proper Applicable Disclosures
Qualifying Ratio
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35% max Principal Interest. Taxes & Insurances / Income PITI
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45% max Total Debt / Income DTI
Pursuant to the requirements of section 157.007 of the Mortgage Banker Registration and Residential Mortgage Loan Originator Act, Chapter 157, Texas Finance Code, you are hereby notified of the following: Consumers wishing to file a complaint against a company or a residential Mortgage Loan Originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 N Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at http://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 banker residential mortgage loan originator. 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 http://www.sml.texas.gov.