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Experience You Can Count On

Wright Mortgage is a locally owned and operated mortgage company.  We know that each customer has specific needs, so we strive to meet those needs with a wide array of services. 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 lender 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 mortgage 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.
  • 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 client’s mortgage approved.
It’s a Piece of Cake!

Family Owned* Locally Operated* We Close The WRIGHT Mortgage!

Wright Mortgage vs Banks

Wright Mortgage vs Banks

Family Owned* Locally Operated* We Close The WRIGHT Loans!

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WRIGHT MORTGAGE

Wright Mortgage is a locally owned and operated mortgage company. We know that each customer has specific needs, so we strive to meet those needs with a wide array of services. Why should your client use Wright Mortgage than a bank?

A bank has only one set of underwriting guidelines and not many mortgage programs. With a bank you are either accepted, declined or counter-offered on your client’s mortgage application. Wright Mortgage will send your loan to different lenders, if your client is turned down or declined. Wright Mortgage has regular contacts with a wide variety of lenders. As a mortgage broker, we communicate to several lenders, who have different mortgage programs. One of these programs could be the perfect fit for your client’s financial situation.

Neighborhood retail banks usually offer only a few loan programs. Many lenders may not have a perfect loan program for a client with a particular situation, rather than sending the client to another bank with the right mortgage program, bank loan officers would sell the next best loan that the bank has to offer which may not be a good loan for the client at all. This is the primary advantage of working with Wright Mortgage, you alwayls hav choices. You’ll have more mortgagee options and programs to choose from and will be able to choose from a pool of lenders —sometimes dozens of them. Another advantage of using a mortgage broker is that they often specialize in “niche” products and programs such as FHA and VA loans that can be accepted with low credit rating.

One other major difference is that mortgage brokers must disclose all of their compensation to their borrowers. This includes any monies paid to them by the investor. Banks do not have this requirement.

Pros of Working with Wright Mortgage

  • Wright Mortgage do all the legwork for you, working on your client behalf with the lender.

  • Wholesale interest rates are lower than retail (bank) interest rates.

  • Your client get more loan options because Wright Mortgage work with numerous banks and lenders.

  • Wright Mortgage can finance tricky deals because of their knowledge and various lending partners.

  • Are typically easier to get in contact with Wright Mortgage, less bureaucratic.

  • Lender Credit to help with your Client’s Closing Cost.

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