Welcome to C&T Mortgage, Inc, I'm Stephanie Drewry, your Texas home loan expert dedicated to making sure your home purchase or refinance experience is top-notch. All mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Stephanie Drewry to receive a personalized rate for your specific situation.
Stephanie was extremely timely with communication and was able to answer any question I had for her. She made the process as easy and painless as possible. Stephanie was absolutely amazing! She was extremely professional, thorough, knowledgeable and a pleasure to work with! It was essentially stress free! From the day we completed our application the entire team and even their partners were amazing!
Highly recommend Stephanie to anyone seeking a knowledgeable and efficient loan officer. Stephanie has closed numerous transactions for us over the past year. She has an extremely high work ethic, is highly organized and knows how to liase with underwriters to get the deal closed.
Stephanie was extremely timely with communication and was able to answer any question I had for her. She made the process as easy and painless as possible. Stephanie was absolutely amazing! She was extremely professional, thorough, knowledgeable and a pleasure to work with! It was essentially stress free! From the day we completed our application the entire team and even their partners were amazing!
Highly recommend Stephanie to anyone seeking a knowledgeable and efficient loan officer. Stephanie has closed numerous transactions for us over the past year. She has an extremely high work ethic, is highly organized and knows how to liase with underwriters to get the deal closed.
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After receiving a softball scholarship to Texas Tech University, I decided to stay in Lubbock and begin my career in real estate upon graduation.
After a few years of selling real estate, I moved back home to Houston and ironically fell in love with the mortgage industry.
C&T Mortgage aligned more with my goals when it comes to providing my clients and referral partners with multiple programs and products while offering top level customer service with competitive pricing.
Early on, I learned that any loan officer can quote rate/fees and close a loan, but there's so much more to it than that.
After a few years of selling real estate, I moved back home to Houston and ironically fell in love with the mortgage industry.
C&T Mortgage aligned more with my goals when it comes to providing my clients and referral partners with multiple programs and products while offering top level customer service with competitive pricing.
Early on, I learned that any loan officer can quote rate/fees and close a loan, but there's so much more to it than that.
A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government.
A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac.
It may have either a fixed or adjustable rate.
The maximum limit for a conforming loan depends on the county and state you live in.
Conventional loans can be either Fixed or an adjustable rate.
Fixed-rate mortgages have a set interest rate for the entire length of the mortgage term which can be between 10 and 30 years.
A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac.
It may have either a fixed or adjustable rate.
The maximum limit for a conforming loan depends on the county and state you live in.
Conventional loans can be either Fixed or an adjustable rate.
Fixed-rate mortgages have a set interest rate for the entire length of the mortgage term which can be between 10 and 30 years.
The FHA (Federal Housing Administration) home loan is one of several government-insured loans.
The FHA doesn't lend money directly to home buyers; they insure lenders against losses that may occur from client default.
Because of this, lenders have less strict requirements for borrowers.
One of the features borrowers enjoy the most is the low minimum down payment, which is typically less than the requirements for a conventional loan.
Additionally, your closing costs may be lower than a conventional loan.
The FHA doesn't lend money directly to home buyers; they insure lenders against losses that may occur from client default.
Because of this, lenders have less strict requirements for borrowers.
One of the features borrowers enjoy the most is the low minimum down payment, which is typically less than the requirements for a conventional loan.
Additionally, your closing costs may be lower than a conventional loan.
Fixed-rate mortgages are probably the most common type of mortgage.
You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan.
A fixed-rate mortgage (FRM) is a type of mortgage with a specific rate term.
A fixed-rate mortgage has a fixed interest rate for the entire length of the mortgage term.
These mortgages are typically available in 5 year increments between 10 and 30 year terms.
The 30-year fixed rate mortgage is the most common type of mortgage people take out.
You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan.
A fixed-rate mortgage (FRM) is a type of mortgage with a specific rate term.
A fixed-rate mortgage has a fixed interest rate for the entire length of the mortgage term.
These mortgages are typically available in 5 year increments between 10 and 30 year terms.
The 30-year fixed rate mortgage is the most common type of mortgage people take out.
If you're looking to buy an expensive home and need a large loan amount, a Jumbo Mortgage could be the right option for you.
Jumbo Mortgages exceed the conforming limit on loans set by Fannie Mae and Freddie Mac.
In most states, the conforming limit is around $453,100, but varies by location.
Other areas that are specified to have a higher cost of living have a higher conforming limit of about $679,650.
If you are looking to purchase a home and would like a loan amount greater than the conforming limit for your area, it's likely that you will want to apply for a Jumbo Mortgage.
Jumbo Mortgages exceed the conforming limit on loans set by Fannie Mae and Freddie Mac.
In most states, the conforming limit is around $453,100, but varies by location.
Other areas that are specified to have a higher cost of living have a higher conforming limit of about $679,650.
If you are looking to purchase a home and would like a loan amount greater than the conforming limit for your area, it's likely that you will want to apply for a Jumbo Mortgage.
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