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A VA loan in El Paso, or anywhere for that matter, is a loan that is backed by the Department of Veteran’s Affairs and they were enacted as part of the GI Bill. These loans are offered to retired veterans, active military, honorably discharged, and widowed spouses of military members killed in action.
A conventional mortgage is pretty well known for not needing a huge down payment and limited mortgage insurance premiums. With a conventional mortgage loan, first time home buyers in El Paso can get a mortgage loan with a little as 3% down. If you can manage to put at least 20% down, you won’t need to pay mortgage insurance on top of that.
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2012-10-09 · We are a Texas home mortgage bankers company serving El Paso, TX and surrounding areas. We specialize in El Paso home mortgage loans, home equity and mortgage refinancing throughout the entire state of Texas and El Paso. Contact us today and we will be happy to assist you with your home loan or home refinance. Visit our website: http.
A Conventional Construction-to-Permanent mortgage loan is used to finance the construction of the borrower’s home and permanent mortgage into one transaction.
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