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10:32:28 AM Tuesday, March 09, 2010
HOUSTON TEXAS GALVESTON TEXAS
FHA increases funding fee from 1.75% to 2.25% effective 4/15/2010 for more info click n FHA new rules tab
CHECK OUT OUR NEW JUMBO PRODUCTS and our MINI JUMBO
For info about the NEW TAX CREDIT, CLICK ON
www.federalhousingtaxcredit.com
For
MORTGAGE RATES HOUSTON TEXAS
&
MORTGAGE RATES GALVESTON TEXAS
CLICK ON THE RATE SHEET TAB
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The FEDS are at it again. There's new rules for ordering FHA appraisals. See link below
Mortgage letter 2009-28.pdf
GALVESTON ISLAND IS LOCATED JUST SOUTH OF HOUSTON TEXAS IN THE GULF OF MEXICO.
Galveston is a semi tropical island and is blessed with a natural, deep water harbor and over 30 miles of beaches. Galveston is the oldest city in Texas, boasting the oldest churches of just about any type, oldest newspaper, library, title company, etc. Galveston offers sailing, fishing, surfing, golf, etc.
We have a fantastic municiple golf course recently remodeled and now managed by Moody Gardens. It is a very Challenging course.
www.moodygardensgolfcourse.com
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HOUSTON TEXAS. 4th largest city in America and also one of the best housing markets.
Thru our various sources we offer JUMBO Mortgages, Conventional, VA, FHA, Reverse Mortgages, HELOC's (HOME EQUITY LINES OF CREDIT)
in Arkansas, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma and Texas
Lot loans!!! Purchase or refi
We offer lot loans are competitively low rates. Limited to certain counties, including Galveston, Harris, and Bazoria counties, TEXAS LOT LOANS TO 90%!!!
WE also have raw land financing available for TEXAS rural properties for most counties. Call for details!
Be advised, that Reg Z (Truth in Lending) has changed. New rules include that lender cannot collect any money except for the credit report for at least three days after application. This will delay the appraisal order and therefore closing.
Rates are current. Low Mortgage Rates continue.
Please be advised that practically all mortgage pricing (rates, terms and fees) are specially priced nowadays, especially JUMBO loans. So, you need a custom quote based on your credit score, loan size, loan to vaule rations, etc, etc. You can't just go off the rates you see on line or in the paper.
Final rate will depend on your credit scores, loan purpose, property type, loan to value, debt to income ratios, etc. That's why you need to click on one of the quote buttons for a custom quote! Under comments please list property purpose; primary, vacation or investment and your credit score if known.
Privacy Policy: If you provide any information it will be kept strictly private within our secure system. Information will not be shared unless necessary to process your loan application.
WE offer 96.5% FHA loans and 95% conventional for Texas and several other states 90% Lot Loans in Texas only. 80% on 2nd homes.
Oops! Fannie Mae changes condo requirements.
70% of units have to be sold or under contract and property will not be approved if more than 15% of owners are past due with HOA payments. Also, no more than 10% of the units can be owned by one entity. It's called a concentration of ownership.
PAYING POINTS?? NO POINTS ?? Paying points makes a lot more difference in the rate than it use to, that's why I'm quoting rates with 1 or 2 points as well as ZERO POINTS on conventional loans.
For more detailed information, click on the rate lock advisory section to see what's happening with interest rates and the markets. That's the best your going to find on "predicting interest rates".
WE HAVE LOT LOANS!
WE HAVE HELOCS!!!
REVERSE MORTGAGES
TEXAS HOME EQUITY LINE OF CREDIT.
DAVIS MORTGAGE SERVICES.
Click on tax credit tab for lots of good info on the first time home buyers tax credit.
Need an appraisal?
Try http://www.corneliusappraisal.com .
For updated surf report try http://.gtownsurf.com or try www.galvestonsurfcam.com and click on wave forecast.
Like to review local paper? Go to www.galvnews.com .
Wanta get involved locally with a great organization? http://galvestonlionsclubtx.lionwap.org/ .
What's the good news in the mortgage business? Rates are low! I mean, low interest rates! Lower your rate and lower your mortgage payment by refinancing now!
We know the ins and outs when it comes to purchasing coastal properties. Rates have improved, call us today for a personalized quote. We answer the phone!
We serve all of Texas, but Houston, Galveston, Clear Lake areas are our back yard.
We orginate many loans in BRAZORIA, FORT BENT, HARRIS and CHAMBERS counties.
If you're buying a lot, home or condo; ocean front, beach front, bay side or anywhere in Texas, get the best, low rate mortgage. If you are a first time home buyer or a seasoned investor, if you're buying a high rise condo or a beach front 2nd home, if you need a FHA, VA conventional or JUMBO loan, Davis Mortgage Services can provide the best mortgage product for you.
Buying a home is a big decision. You don't need to have to worry about getting a good deal on a mortgage, too. Davis Mortgage Services will find the best mortgage with the lowest rate for you, and keep you informed every step of the way.
Refinance your current mortgage now with a low, fixed rate mortgage. Rates are still low but home values have peeked in many areas. That's why now is a great time to refinance.
Home equity loans are easier than ever before. YOu can access your equity with a home equity loan, a Home Equity Line of Credit (HELOC) or if you are a senior (62) you can apply for a Reverse Mortgage.
Our pledge is to provide our clients with the very best mortgage products available at the lowest rate and with great, personal service.
Please visit our website to learn more about us and how to obtain your mortgage.
Please be advised that Davis Mortgage Services is information company only. Mortgages will be originated and funded by licensed financial institutions. Davis Mortgage Services does not pay nor accept referral fees.
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