CROSSOVER INTO HOMEOWNERSHIP WITH CROSS TIMBERS MORTGAGE
Our simple loan process begins with a focus on your needs as we guide you towar ds reaching your real estate goals.
THE CROSS TIMBERS MORTGAGE
Whether you are a first -time homebuyer , purchasing your dream home, refinancing your current mor tgage, or consolidating debt, our highly experienced team of loan experts will come through with finding your best financing solution.
MORTGAGES THAT MAKE SENSE
We take the time to understand your needs and present you with loan options that fit your situation. We offer VA, FHA, Jumbo, and Conventional mortgages with the most competitive rates and fees.
OUTSTANDING VALUE
We specialize in mortgages in Oklahoma, yet our services go beyond just securing your loan. We also place emphasis on education, training, and building strong relationships within the mortgage industry. This allows us to bring more value to our clients.
EXCEEDING EXPECTATIONS
Our ultimate goal is to become your lo an advisors for life and ear n your trust to handle all of your home lo an needs as they change over time. We provide a straight for war d lo an process with seamless communication and consistent response times. This is how we conduct business with our customer s and how we work together internally.
OUR PRODUCTS
Whether you are purchasing your first home, for ever home, and any refinance in between, we can match you with the mortgage that best meets your needs.
CONVENTIONAL LOANS
- Low interest rates•
- Faster loan processing than an FHA•
- Variety of down payment options, starting as low as 3% of the home’s sale price•
- Various term lengths ranging from 10 to 30 years, on a fixed-rat e mortgage•
- Reduced private mortgage insurance (PMI)
FHA LOANS
- Government-backed mortgage for the Federal Housing Admin (FHA) with low down payment and less strict credit requirements•
- Popular for first -time homeowners•
- May be approved with 3.5% down vs. 20% that is required on other loan programs•
- Financial hardship relief may be available
VA LOANS
- Home financing for veterans, active military, or their surviving spouses•
- Issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration•
- No down payment required for eligible homebuyers, compared to conventional loans that generally require a 5% down payment, and FHA loans require 3.5%•
- Limitation on buyer’s closing costs•
- Lower aver age interest rates than other loan types
NON-QM AND JUMBO LOANS
- For loans that exceed the maximum lo an amounts established by Fannie Mae and Freddie Mac conventional lo an limits•
- Rates are typically higher than conforming loans•
- Typically used to buy more expensive properties and high-end custom construction homes•
- Typically require a higher down payment than traditional loans
FHA 203K LOAN
- Renovation loan program for both the purchase and renovation of a home•
- There are two types:
- Standard 203k is given for properties that need structural repairs, such as a new roof or room addition
- Streamlined 203k for non-structural repairs, such as painting and new appliances•
- The minimum loan amount is $5000
ADJUSTABLE & FIXED-RATE MORTGAGES
- Adjustable-r at e mortgages (ARM): The interest rate adjusts periodically based on market conditions
- Fixed-Rate Mortgage: Unlike an ARM, the interest rate is set at the time you take out the loan and will not change
- Hybrid ARM: Features an initial fixed interest rat e for a certain amount of time and then becomes an adjustable-r at e for the remainder of the term