Texas One Mortgage can help you with your purchase loan for a 1 to 4 unit property in Texas for your primary residence, a second home or an investment property.

• Submit your online loan application. If you have a contract and closing date, call us for details about locking in your interest rate. (Interest rates subject to change until locked in.)
• Review, sign and return your loan papers and documentation to us.
• Shop for homeowners insurance.
• Go to the title company to close your loan.

Below is a general list of the more common types of purchase loans available based on purchasing a primary residence, a second home or an investment property and brief details for each.  Additional information can be found on our Loan Programs webpage. If you don't find the information you are looking for, please email us us your questions for further help.

For purchasing a 1 to 4 unit home you intend to live in. This category also includes second homes you will be occupying for at least two weeks of the year and will not be rented.

These are conventional loans with at least a 5% down payment and loan amounts equal to or less than the conforming loan limits listed to the right. These are the most common purchase loans. They have the best rates and are available as fixed rate loans, interest only loans or ARM loans.

Generally speaking you have three categories of conforming loans. Zero down loans, loans with 5% down to less than 20% down and loans with 20% or more down.  Additional information can be found on our Loan Programs webpage.

Zero Down Loans - Only allowed on VA and USDA Rural Housing loans..

Loans with 5% down to less than 20% down - The most commonly used loan for purchasing. These loans will get you the best rates, but mortgage insurance is required..

Loans with 20% or more down - The best advantage here is no mortgage insurance is required and you have the option to waive escrows(pay your own taxes and insurance instead of escrowing with the lender each month for these items).

Loans with a loan amount that exceeds the Conforming Loan Limits , known as jumbo loans, or loans that do not meet standard Fannie Mae/Freddie Mac guidelines.  The more risk associated with the type of loan, the higher the rate.
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Available to eligible veterans and active duty military personnel. Most common is the zero down VA loan which allows for a loan amount up to the current conforming loan limit. Veterans can actually move in for $0. This and other information is available on our VA webpage.

Available to eligible Texas veterans. The veterans housing assistance program has low base rates, plus, special rate discounts for Disabled Vets and qualified Service Era vets. These loans have very low rates. Visit our Texas Vet webpage for more details.

This is a home that you will live in at least two weeks of the year and that will not be rented. It could be a home at the lake or a condo at the beach or just a home in another city that you regularly travel to and want a more permanent place to stay while you are there. In any case, it must make sense that it is a second home for your own personal use.

Second homes will usually get the same interest rates as your primary residence,. They are available for both conforming and non-conforming loan amounts.

You are only allowed to own one primary residence and one second home at a time.

For purchasing a 1 to 4 unit investment property.

These are loans with a loan amount that do not exceed the Conforming Loan Limits. Interest rates are higher than when purchasing a primary residence or second home and appraisals on investment properties are more expensive since rental comps and an operating income statement are required. Rent lose insurance may be required. Additional Information

Non-Conforming or jumbo loans for investment properties are available, but are very limited.
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Get started with your loan approval today. Submit your loan application online. It's easy and secure with our fully encrypted applications.

Please email or call our office for additional information.