Are you ready to become a homeowner?

We specialized in first-time homebuyers, second homes, investments, and other loan products. My two decades of experience will ease your worries. Inquire about the best home loan programs in Texas that we can offer.

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Because It’s Time To Seek Financial Assistance From an Expert

Down-payment Assistance

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Fixed-rate Loans

Fixed-rate conventional mortgages

Specialty Loans

ITIN, Non-QM Loans

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Whatever the case may be, it's best that you inquire and talk to me. Let's see how I can help you and explore your options.

What are the Common Loan Programs?

Inquire for the best loan options that you can get.

FHA Home Loan

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

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VA Loans

The VA Loan provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families.

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USDA Loans

If you're looking to buy a home in a rural or suburban area with no down payment and minimal investment, you might consider the USDA Rural Development Loan.

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Jumbo Loans

Jumbo Loans are used to finance properties that are too expensive for a conventional conforming loan. There's maximum amount for a conforming loan as determined by the Federal Housing Finance Agency (FHFA).

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With me, there's no compromise.

2 Decades of experience

As an experienced loan officer in Texas, you can count on me to guide you through the mortgage process. Whether you are a first-time homebuyer, a current homeowner wanting to refinance an existing mortgage or add an investment property to your rental portfolio, my focus is on providing a five-star customer experience. Texans Mortgage Group - powered by Barrett Financial offers competitive interest rates and a wide range of loan products from fixed-rate conventional mortgages to FHA, VA, Jumbo loans as well as down-payment assistance programs.

NMLS# 262973 Co. NMLS #181106

  • No-hassle loan applications

  • Step-by-step guide in closing your loans

Home buying journey in 5 simple steps!

01: Find Out How Much you can Borrow

The first step in obtaining a loan is to determine how much money you can borrow. In case of buying a home, you should determine how much home you can afford even before you begin looking. By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.

02

: Select the right loan program

Home loans come in many shapes and sizes. Deciding which loan makes the most sense for your financial situation and goals means understanding the benefits of each.

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03

: Apply for a loan

After figuring out which loans is the most beneficial for you. You can go ahead and start the application process.

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04

: Begin loan processing

Although lenders conform to standards set by government agencies, loan approval guidelines vary depending on the terms of each loan.

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05

: Close your loan

After your loan is approved, you are ready to sign the final loan documents. You must review the documents prior to signing and make sure that the interest rate and loan terms are what you were promised.

No Compromise, Just Maximize

Read our guides and more -- check out our blogs!

Buying New vs. Buying Existing for First Home Buyers

Buying New House vs. Buying Existing House for First Home Buyers

October 30, 20242 min read

"Whether you're drawn to the charm of an older home or the modern amenities of a new build, the key is finding the right fit for your lifestyle and financial goals." - Anonymous

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As a first home buyer, getting onto the property ladder can be challenging. Saving for a deposit, navigating tighter lending conditions, and dealing with rising interest rates have made housing affordability a major hurdle. However, buying a new build can offer several cost-saving benefits to help first home buyers overcome these challenges.

Buying New vs. Buying Existing

New Homes:

Smaller Deposit Requirements

Most lenders require a 20% deposit for first home buyers, but there are options to buy with less. These loans are exempt from Loan to Value restrictions, which limits low deposit lending by banks.

Special Rates and Financing Options

Many lenders offer discounted interest rates for new builds or turnkey properties. These rates can change frequently, so working with a Mortgage Adviser from Texans Mortgage Group can ensure you get the latest and best offers.

Improved Energy Efficiency and Comfort

New homes come with modern energy-saving features like double glazing and superior insulation, reducing heating and cooling costs and enhancing overall comfort.

Lower Maintenance Costs

Built with new materials and innovations, new homes often meet higher standards and require less maintenance over time.

Lower Insurance Premiums

Insurance for new builds can be more affordable due to lower risks. However, premiums depend on various factors, so consulting with an Insurance Adviser can help you find the best coverage at the best price.

Existing Homes:

While new builds offer many advantages, existing homes have their own set of benefits that appeal to first home buyers:

More Space

Existing homes typically have larger sections and living areas compared to new builds, which often maximize space with smaller footprints and less outdoor area.

Certainty and Fixed Costs

When you buy an existing home, the cost is known upfront, avoiding potential construction cost overruns or contract cancellations due to "sunset clauses."

Established Neighborhoods and Mature Gardens

Older homes are often located in well-developed areas with established infrastructure, transport, schools, and retail facilities, offering greater convenience.

Immediate Move-In

One of the biggest advantages of buying an existing home is the ability to move in right after the purchase, without waiting for construction to complete or dealing with potential delays.

Conclusion:

Navigating the property market as a first home buyer can be complex, but with the right strategies and expert advice, it's achievable. Contact the team Texans Mortgage Group to get the guidance you need to grow your deposit and make your dream of homeownership a reality.

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Disclaimer: This content is intended for general information purposes and not as personalized financial advice. For tailored guidance, consult with the experts at Texans Mortgage Group.

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Rudy Zarate

Rudy Zarate | NMLS #262973| Barrett Financial Group, L.L.C. | NMLS #181106

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Hear What Our Clients Say

Reviews were imported from Google & Facebook

Facebook Review

Jackeline Deleon Gonzalez

The best trio! I had the pleasure of working with Patricia and she has been of great assistance throughout the entire process. Even after we closed on our home she is there to answer any questions. Highly recommended, the best. Rudy and Team, thank you!!!

Jen Perez

Rudy and the staff are so nice you get the good vibe when you walk in very sweet front desk girl I’m very blessed to have friends like Rudy se los recomiendo *5

Angie Zamora

Rudy and the rest of the staff are so helpful and welcoming. They make you feel like family even after the whole process is over. Everyone knows that the home buying process is not a walk in the park, it’s stressful, it’s frustrating at times but with Texas Mortgage Lender you never feel that way. They help you every step of the way, best decision I ever made. I have been in my home since 2017.

Ernesto Ortega

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Address: 16821 Buccaneer Lane, Suite 200, Houston, TX 77058

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RUDY ZARATE | NMLS #262973 | Barrett Financial Group, L.L.C. | NMLS #181106

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Gilbert, AZ 85297

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