So I will be making my first house purchase in December, I will be buying my parents house in Hockley and I am looking for recommendations on who I should use/research to get a Mortgage from.

I've done two deals with Steve Bott and both went nice and smooth. He's one of the regular posters here.

Just get quotes from a couple lenders and you'll be good to go.

Howdy. Be glad to help. I have worked with lots of first time Ags here. My contact info is info is in my profile.

Thank you

Would love to help, specialise in refi. Contact info is in my profile.

I use Hullabaque for me and everyone I know.

Helped multiple folks from TA this year. Email in my profile. Happy to answer any and all questions about the process.

Thanks BOM!

OP,


I would love to compete for your business. We have been the sponsor on this forum for years and have helped quite a few posters over those 10 plus years. My email is my screen name here.

+1 for Jay

I recommend using Kyler Crenshaw. He got us some pretty amazing rates recently and was on top with his communications with us throughout the process.

https://woodgroupmortgage.com/staff/crenshaw-kyler-1652404

Jay has helped me numerous times.

I disagree..they often have the best rates..especially with a strong relationship.

I just closed 2 jumbo loans (primary and 2nd home) both at 2.5 % on a 10/1...damn near free money

The next time a large bank closes on a loan on time will be the first time

I've closed twice with Chase on time with no issues. Same with Wells Fargo, for that matter.

PeekingDuck said:

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I've closed twice with Chase on time with no issues. Same with Wells Fargo, for that matter.

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As long as you stick with their 45 day closings you are golden.

Any Ag on this board will do you right. I went with Bott just because we established a relationship early in the process and I didn't want to shop and repeat my situation.

Bott and Jay are both great to work with!

Here's my take. If you are doing a conventional loan, you are a good applicant, and don't have a tight close, the big banks are going to give you the best rate. If you are anything outside of that, go see what the smaller outfits have to say.

But yeah most of everyone here has kept the same job for 2 years, has qualifying income, good credit, and are going to put down a good down payment, and you're buying an easy to appraise home. Go let the big companies use their economies of scale.

SteveBott said:

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I can beat big banks 95% of the time in conventional 30 years. 15s and jumbos different story simply due the specific characteristics of the loan products. And I can give twice the better service on any loan product.

Big banks will typically throw the conventional loan clients into a vast pool of loans and yours can easily get lost in the bowels of a big bank.

If you have a personal contact with the banker that helps tremendously but most folks don't

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Retweet!

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SteveBott said:

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How many readers of the thread had a big bank rep take or initiate a personal call at night? On weekends? I do both. Just finished an application tonight at 7-8. On a Friday.

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WF started my mortgage process after hours and customer service was spot on, even after hours, until I was locked in....and then customer service went to crap and I requested a new contact. Long story shorter, I ended up with the mortgage manager being my contact, who was also hard to get a hold of. Closing almost didn't happen on time thanks to WF and I had little to no communication when I needed it most.

I'm glad I found this thread today. I will utilize TA resources for my next home deal, which is within 6 months.

Your parents don't want to do owner financing for you?

GentrysMillTX10 said:

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SteveBott said:

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How many readers of the thread had a big bank rep take or initiate a personal call at night? On weekends? I do both. Just finished an application tonight at 7-8. On a Friday.

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WF started my mortgage process after hours and customer service was spot on, even after hours, until I was locked in....and then customer service went to crap and I requested a new contact. Long story shorter, I ended up with the mortgage manager being my contact, who was also hard to get a hold of. Closing almost didn't happen on time thanks to WF and I had little to no communication when I needed it most.

I'm glad I found this thread today. I will utilize TA resources for my next home deal, which is within 6 months.

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Hit me up when you are ready. We do $1,200 flat fee listings and 2% buyer rebates. My clients that do both with me save a TON of money.

I highly recommend SteveBott, he has been great to work with and very informative.

Jay at AgsReward helped me with my house purchase over 5 years ago and re-financing this past year. I was in an uncommon situation and he did alot of leg work and research to help me out. I'd definitely recommend him again!

Guys above fail to mention that they will sell your loan to wells fargo, bank of america, etc after closing.

Shocking secrets revealed!

Your parents need the equity now? If not, why not owner finance?

Transaction is complete. Very interesting loan scenario for me and not had one this fun in awhile.