For surprisingly straightforward home loans, trust Supreme Lending Dallas. From our 97.8% customer satisfaction rate to our 20.67 average business days closing rate, we take pride in providing home purchase loans that take the stress and guesswork out of the homebuying process. And thanks to our collaborative communication, expert insights, and quick turnaround times, your journey to purchasing a new home will feel more like a breezy jog than a marathon. So, when you’re ready to purchase your home, contact Supreme Lending Dallas so we can simplify the process.
The process of acquiring a property for the purpose of primary residence, second home or investment property.
*Supreme Lending is not a licensed CPA or Tax consultant and therefore, cannot determine if your mortgage interest will be eligible as a tax deduction per IRS code. You are advised to contact a tax professional. This in no way implies you are guaranteed a tax credit.
Yes, we invite you to use our monthly payment calculator. At Supreme Lending, we also have calculators for refinancing, down payments, and affordability. It’s a good idea to get a ballpark figure so you can make a realistic plan before you purchase a home.
Traditional and government loan programs are the two main types. Each of these breaks down into subcategories. For example, government loans include FHA, VA, and USDA Rural Loans. Traditional loans have terms of 15 or 30 years and a fixed-rate mortgage, meaning you’ll pay the same amount every month in principal and interest.
There are a lot of unique words associated with the home loan approval process. While you don’t need to understand every single one, it helps to have a basic knowledge of loan lingo. We’ve put together a glossary of terms to help you navigate the process.
When you apply for a loan to purchase a new home, one of the first things you’ll be asked is what other expenses you have each month. Before a lender will approve the loan, they need to be assured you’ll be able to pay it back. So, it’s in your best interest to sit down and calculate exactly how much you’re spending each month. Otherwise, you could end up with more house than you can afford, and that’s not in anyone’s best interest.