Don't sign what you don't understand, right? FHA loan definitions can be confusing sometimes, but no need to worry because it doesn't have to be complicated. What is an FHA…
Are you wondering how to get an FHA loan? The Federal Housing Administration insures FHA loans as it is a loan backed by the government. Compared to conventional loans, an…
Being able to afford your home is one of the most significant uncertainties when buying a home. Are you thinking about how to apply for an FHA loan? Frustrating, isn't…
You are not alone if you are crying for help because home mortgage refinance rates are rising. The economy is still reeling from the effect of COVID-19, and now experts…
When it comes to conventional loan requirements, almost all of the lenders in the market offer it. If your interest is in applying for a home refinancing loan, then a…
Great news for those who wish to own their own home. There is a new baseline FHA loan limit for this year, 2022. From $356,360 it will be $420,680 for…
FHA loan requirements aren't that difficult to obtain if you are interested in getting a home mortgage. The government insures an FHA (Federal Housing Administration) loan. Because of that guarantee,…
Are you thinking of applying for an FHA loan? Undeniably, numbers can bog us down. But thanks to an FHA loan calculator, you now have a better idea of where…
Your mortgage loan application has been submitted. Now you are waiting for the approval. Are you wondering how much mortgage loan can you get? It usually depends on what you…
Are you afraid you can't get a home equity loan because you have bad credit and won't qualify for a mortgage? If this is your situation, you can be eligible…
Figure: 7 TAC §81.200(c)
“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”
