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…
If you are thinking about the FHA country loan limits for this year, then you are on the right track! A new and increased limit for most single-family homes is…
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…
Renovating and worried that funds would run out soon? AN FHA 203(k) loan may be the best option that you can have if you are stuck with renovating or even…
Conventional loan requirements for 2022 vary from lender to lender. For as low as 3% downpayment, you can qualify to take out a conventional or conforming loan, especially if your…
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…
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…
FHA loan may be the answer if you are worried that they will deny your loan mortgage because you have a low credit score when you apply. It is relatively…
You've found you a forever home, and now you are looking for a mortgage. What do you need to do to start your application for a mortgage and start you…
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.”
