Will Your Savings Help You Secure Your First Home?

What do you gain from building your savings over time? Part of why you should set aside money is to make sure you can protect yourself when the unexpected happens. Medical concerns, car repairs, unemployment, and other issues can come with costs that you will have to clear. However, you should not think about savings as only a way to prepare for negative events—building up your account will also help you prepare for positive life events, such as the purchase of your first home. FHL Texas has experience helping people ready to buy for the first time. As important as it is to establish your savings and prepare to make your down payment, you can find that loan terms are available to help you secure your property with a limited initial payment. (more…)

Should I Choose An FHA Or Conventional Loan?

When it comes to buying a home, the property cost is far from the only factor that affects what you will be paying from month to month. Different loan types offer different terms in the short and long term, and some come with additional costs that you will need to factor into your budgeting. One important matter concerns your choice to receive an FHA or conventional loan. Both have their advantages, but it can be hard for you to assess which is right for you as an individual buyer. How can you make sure you secure the right funding and have the right terms for the life of your mortgage? FHL Texas can work closely with you to find the backing that makes the most sense for you over time. (more…)

Best Ways To Enjoy Your Weekend In DFW

community blogIt has somehow been hotter than usual in North Texas lately, but it is luckily cooling down over the next few days. Yes, this is all relative, but we should still rejoice in the less-scorching temperatures. This reprieve gives us the opportunity — and motivation — to go out and enjoy the myriad offerings the DFW metroplex has to offer. Because it is a long weekend with the 4th of July rounding things off, there are plenty of activities to choose from. While not an official selection, stopping at Dairy Queen for a Blizard on the way to the fireworks stand is always a worthwhile pursuit. In today’s community blog, Family Home Loan Texas presents some of the best activities you and your family can partake in this weekend. (more…)

Enjoy Summer Family Fun This Weekend

community blogWell, it’s going to be a scorcher this weekend. Granted, it’s been a scorcher for the past week, and all this heat makes it tough to keep track of days, weeks, our own names, etc. Yes, this is Texas and yes, it is summer, but there’s something different about this heatwave; it just feels…mean. With that said, we cannot let the weather win; we mustn’t hide away in our airconditioned homes, letting the triple digits dictate our lives. Rather, let’s go out and enjoy everything the DFW metroplex has to offer (don’t worry, most of it is inside). In today’s community blog, Family Home Loan Texas showcases some of North Texas’s most promising family-friendly events.  (more…)

Are You Looking For A Low Down Payment Mortgage?

MortgageAre You Looking For A Low Down Payment Mortgage?

Several loan programs can help home buyers with a lower income and/or low down payment. One such program is the Fannie Mae HomeReady mortgage.

You could pay as little as 3% down on a HomeReady loan. That’s $6,000 down on a $200,000 home — even less than the FHA’s 3.5% down payment.

Plus, you could use gifts, grants, or a down payment loan to help cover your upfront costs. And co-borrowers living in the home or outside of it can be on your application.

This makes HomeReady one of the easiest mortgage programs to qualify for. (more…)

Enjoy This Weekend In DFW With Your Family

community blogWelcome to another community blog post! We publish these every Friday to highlight some of the most alluring and interesting events going on around the DFW Metroplex each weekend. Although Dallas and the surrounding areas might not have the luster and prestige of New York, LA, or Chicago, they are still filled with fun and interesting goings-on. This weekend perfectly highlights the wide range of appeal that North Texas has. Why not sample some of the excitement happening and venture out this weekend. In today’s community blog, Family Home Loan Texas showcases some of North Texas’s most promising events and activities.  (more…)

Have Family Fun In Dallas This Weekend

community blogWell, it’s the Friday before a three-day weekend, so that means it’s time for an extra special community blog. In fact, to celebrate, you would be well served to listen to Rebecca Black’s infamous hit as you peruse today’s post. While you will likely be grilling out and spending time at the pool on Monday, there are still plenty of opportunities to get out and enjoy some fun events with your family beforehand. So zip on your party suit and sit down because, in today’s community blog, Family Home Loan Texas highlights some of the DFW metroplex’s top family-friendly events happening this weekend. (more…)

How To Buy A Home With A Lower Credit Score

credit scoreCredit scores are a major component of securing a favorable mortgage loan and unfortunately, many people have scores that can hinder the home buying process. The factors that have lowered your score could very well be out of your control and are based on decisions made many years ago. After all, many people get credit cards when they are young without fully understanding their obligations. Even if you have responsibly managed your credit as you have aged, it is still possible to feel the sting of past mistakes. Luckily, there are numerous ways to improve your score. Moreover, there are loan programs specifically designed to help those with less-than-perfect credit reports still become homeowners. In today’s blog, Family Home Loan Texas talks about the ways you can improve your credit score to help you buy a home. (more…)

Top Activities In DFW This Weekend

community blogIt’s Friday, which means it’s time for this weekend’s community blog! If this is your first time tuning it, this is where we highlight some of our top picks for great, family-friendly events happening all across the DFW metroplex. Yes, we know it is getting hot — even hotter than normal — which makes it easy to just stay at home, sitting in front of the air conditioning vents while dreaming about the beach. However, there is a lot of fabulous goings-on occurring across North Texas that you or you and your family should certainly check out. With that said, in today’s blog, Family Home Loan Texas presents some of the best events happening around DFW this weekend. (more…)

What Influences Mortgage Interest Rates?

Mortgage RateIf you are in the market for a house — or even if you just have friends that are — you have surely heard about interest rates everywhere you turn. Just a few months ago, these rates were at an all-time low but now they are picking up again, which begs the question: what’s influencing them? When you are looking to buy a house and are figuring out your budget, interest rates are always in mind, but we often consider them in terms of “what’s the lowest rate I can get?” rather than delving into what influences them. There are myriad factors that go into establishing not only the national interest rate but also what you specifically will need to pay. In today’s blog, Family Home Loan Texas explains the factors that influence mortgage interest rates and how they can affect you. (more…)