Experience You Can Count On
Wright Mortgage is a excellent mortgage company for realtors searching for dependable mortgage professional in the Houston area. We have partnered with over many of the largest mortgage lenders and banks in the country. Working with these lenders on the wholesale channel, gives us the ability to offer our clients a wide range of products at wholesale rates that other mortgage lenders or retail banks and lenders in Houston just cannot touch.
With 15 years of experience in the mortgage business, I can help find
solutions to your client’s financing issues. For instance, if your client have a poor credit rating and looking for an affordable mortgage, Wright Mortgage will know which lenders offer affordable finance to those with a tarnished credit history and can therefore approach the right lenders right away. Rest assured, Wright Mortgage can deliver the fastest loan turnarounds and the great interest rates in the industry, beating the banks.
Main advantage of FHA home loan
The main advantage of FHA home loans is that the credit qualifying criteria for a borrower are not as strict as conventional financing. FHA will allow the borrower who has had a few “credit problems” or those without a credit history to buy a home. FHA will require a reasonable explanation of these derogatory items, but will approach a person’s credit history with common sense credit underwriting. Conventional financing, on the other hand, relies heavily upon credit scoring.
Why FHA and not Conventional?
•Better Interest Rates: FHA loan rates are generally very competitive, typically within a .05 percent of conventional rates charged to the well-qualified borrower.
•Liberal Credit History: Borrowers can be approved with little or no credit history, as long as there is no negative credit history on their report.
•Lower Down payment: Traditional loans require a minimum of between 5 and 10 percent down, while FHA requires as little as 3 percent down. Low down payments allow people to buy homes and start building equity sooner.
•Lender Credit to help your clients PAY some of their closing cost!
Today’s lending environment can be challenging with many guidelines to follow, some of which can change fairly often. Aside from offering a wide array of products and services, a major part of Wright Mortgage’s task is being a problem solver. We know how to navigate the waters, ensure the least stressful process as possible and ultimately getting your loan approved.
It’s a Piece of Cake!
Family Owned* Locally Operated* We Close The WRIGHT Loans!