Texas Cashout Home Mortgage Loans

Our staff is here to help you with your Texas Cash Out Home Mortgage Loan. We understand Cash Out Home Mortgage Loans! Whether you are wanting to pay off debts or wanting to do home improvements, our staff will find the right home mortgage loan program for you!

Texas Cash Out Home Loans allows borrowers to get cash back by refinancing their existing mortgage! Borrowers can borrow up to 80% of the appraised value of their home (Texas State Law). The Texas Cash Out home loan is a great way to consolidate debts into one easy monthly payment!

Texas Cash Out home loans have the same loan limits as a Conventional Loan, current loan limits are $417,000.

Contact the Texas Home Loan Team for more information regarding Texas Cash Out Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for

Texas Refinance Home Mortgage Loans

Our staff is here to help you with your Texas Refinance Home Mortgage Loan. We understand Refinance Home Mortgage Loans! Whether you are looking to lower your mortgage rate or reduce your monthly payment or take out some extra cash to payoff debts or remodel, our friendly staff is here to help!

There are many different types of loans that can be used to refinance a home. The Texas Home Loan Team at 1st Advantage Mortgage offer several different loan programs including FHA, VA, Conventional, ARM and Jumbo home mortgage loans.

Contact the Texas Home Loan Team for more information regarding Texas Refinance Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for you.

Texas Purchase Home Mortgage Loans

Our staff is here to help you with your Texas Purchase Home Mortgage Loan. We understand Purchase Home Mortgage Loans! Whether you are looking to purchase a home for the first time or looking to purchase a new home, our staff will find the right home mortgage loan program for you!

There are many different types of loans that can be used to purchase a new home. The Texas Home Loan Team at 1st Advantage Mortgage offer several different loan programs including FHA, VA, Conventional, ARM and Jumbo home mortgage loans.

Contact the Texas Home Loan Team for more information regarding Texas Purchase Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for you.

Conforming Loans

Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC). Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community. Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.

Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans. Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market – effectively decreasing the demand for non-conforming loans.

Conforming Loan Limits:

Number of Units Maximum original principal balance Alaska, Guam, Hawaii, and U.S. Virgin Islands only

1. $417,000 $625,500
2. $533,850 $800,775
3. $645,300 $967,950
4. $801,950 $1,202,925

The conforming loan limit in Alaska, Hawaii, Guam and the Virgin Islands is 50% higher.