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Texas Fannie Mae Expanded Approval Mortgage
Fannie Mae is one of the world’s largest corporations. One of their most popular programs is the Expanded Approval mortgage. This may be an ideal program for customers with past credit problems and/or for those with minimal funds for down payment. This may also be a good option for customers that want to refinance out of a high rate mortgage. Listed below are some of the features and benefits of this plan. Ř Perfect credit is not required. Ř Competitive interest rates. Ř Loan amounts up to 100% of the purchase price. Ř Possibility to reduce the rate and payment if payments are on time for a specified period. This can eliminate the expense of a later date refinance. Ř Higher loan limits than FHA, no geographic limitations, no income limits. Ř Home-buyer counseling is not required. Ř Fast loan decisions. Ř A choice of adjustable or fixed rate terms. Ř A 3% interested party contribution is generally allowed if the LTV is greater than 90%. A 6% contribution is allowed from 76% to 90%. Ř A bankruptcy or foreclosure may be allowed if they were 2 or more years ago.
The Texas Capital Mortgage home office is in Houston. We do mortgages anywhere in Texas and participate in Fannie Mae programs. Free consultations are with no obligation. Please contact one of our loan officers for more information.
 Texas Capital Mortgage - 28 FM 1960 West - Houston, TX 77090 Office Phone: 1- 866-433-0500 toll free Fax: 832-565-1656
Texas Mortgage Broker License #65252. We provide service for the entire state of Texas.
If you are looking for a houston mortgage, houston refinance, or a houston mortgage broker, then you have come to the right place! We are one of the top Texas lenders. 
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