Loan programs

A loan for how you really earn.

W2, self employed, 1099, retired or building new, there is a path to the keys. As your Loan Officer, I match you to the right program before you start shopping, and as a REALTOR® I can help you find the home too.

Get preapproved Book a 15 minute call

Purchase

Purchase financingConventional LoansA conventional loan is the most common way to buy a home in Texas.Purchase financingFHA LoansFHA loans are insured by the Federal Housing Administration.Purchase financingVA LoansVA loans are guaranteed by the U.S. Department of Veterans Affairs and are one of the strongest benefits available to eligible veterans, active duty service members and some surviving spouses.Purchase financingNew ConstructionFrisco, Prosper, Celina, McKinney and Anna are full of new communities.

Self Employed

Self employed financing12 or 24 Month Bank StatementBusiness owners often write off a lot of expenses, which is smart for taxes but can make income look low on a tax return.Self employed financingProfit and LossA P&L loan lets self employed buyers qualify using a profit and loss statement for their business, prepared or reviewed by a CPA, enrolled agent or licensed tax preparer, instead of personal and business tax returns..Self employed financing1099 LoansIf you are paid on a 1099, you may be able to qualify using your 1099 forms instead of full tax returns.Non QM financingAsset DepletionAsset depletion, sometimes called asset utilization, lets you qualify for a mortgage based on your savings and investments rather than employment income.

Professionals and Owners

Specialty financingProfessional LoansProfessional loan programs are built for doctors, dentists, attorneys, CPAs and other licensed professionals, including those early in their careers.For homeownersRefinanceA refinance should make your life better, whether that means a lower payment, paying off your home faster, removing mortgage insurance or using your equity.

Programs, terms and eligibility vary and are subject to credit approval, underwriting guidelines and program availability. Not all applicants will qualify. This is not a commitment to lend. Laila Smith, NMLS #844202, HomeTown Lending, NMLS #2712965. Equal Housing Opportunity.

FAQ

Questions buyers ask me

Which loan program is right for me?

It depends on how you earn, what you have saved and the home you want. I review your full picture and compare every option you qualify for in writing.

I am self employed. Can I still buy a home?

Yes. Bank statement, profit and loss, 1099 and asset depletion programs were designed for self employed buyers. Many of my clients qualify this way.

How long does preapproval take?

Often the same day or the next business day once I have your documents.