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Texas Heartland  Mortgage-San Antonio, Texas offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conventional
FHA 30 yr Fixed Rate
VA

Conventional

Conventional loans are Freddie Mac & Fannie Mae guideline loans.  A conventional loan is Credit score driven and typically requires that the borrower have a fairly good credit rating.  Conventional loans are available in 10, 15, 20, 25,and 30 year loans.  They are also available in fixed rate and adjustable rate mortgages.  The current maximum conforming loan amount is $417,000.  Depending on the amount of the down payment or the structure of the loan private mortgage insurance may be required.  Not everyone will qualify for this type of loan as there are minimum credit score requirements.  Please contact your Texas Heartland Mortgage representative for specific program requirements. 

Term: 30 years   Maximum Amount: $417,000

FHA 30 yr Fixed Rate

FHA loans are Government loans and guidelines are published by U.S. Department of Housing and Urban Development   Most FHA loans are structured for first time home-buyers. FHA loan is also Credit score driven and typically requires that the borrower have a minimum credit rating.  FHA loans are most popular in 15 and 30 year loans.  They are fixed rate mortgages.  The current maximum loan amount is $327,750   The down payment is 3.5% of Sales Price with a 1X Mortgage insurance Premium of 1.75% upfront which can be paid up front or added to the loan amount and carried through the life of the loan program . An additional monthly mortgage insurance is also required and in the monthly payment for the life of the loan Please contact your Texas Heartland Mortgage representative for specific program requirements. 

Term: 30 years   Maximum Amount: $327,750

VA

VA loans are guaranteed by the Veterans Administration.  They are available to active duty personnel as well as individuals with previous military service.  A Certificate of Eligibility is required for a VA loan.  Loan terms include 15 and 30 year loans.  VA loans are also available in fixed rate and adjustable rate mortgages.  Currently the maximum amount that the VA will guarantee is $424,100.  For specific details on VA loans please contact your Texas Heartland Mortgage representative.

Term: 30 years   Maximum Amount: $424,100



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $15,285. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $10,000. Your actual APR may be different depending upon these factors.