Services

It's Time to get your loan Started

From pre-approval to closing we handle it all! We are a full-service brokerage, making life easier for you.

  Memorial Mortgage will walk you through the application process to closed and funded. We make sure you are applying for a loan that is best for you as an individual, we do all of our processing in house for more of a hands-on approach, we work directly with the lender as a team to see your loan conditions are met and you are clear to close. Getting you through the loan process in a timely manner with ease is what we strive for.

FHA

FHA loans are a government-backed mortgage, insured by the Federal Housing Administration. FHA home loans require lower minimum credit scores of 500 to 579 with 10% down or FICO score of 580 or higher with 3.5% down. Allows the buyer to co-sign with a non-occupant co-borrower, which makes them especially popular with first-time homebuyers.

Conventional

Conventional loans are not guaranteed or insured by the federal government. Qualifying for a conventional mortgage requires a higher credit score of at least 620, with a down payment of at least 3% or 20% with no PMI. Can be used for a primary home, second home or investment property.

VA Loan

The U.S. Department of Veterans Affairs (VA) helps active-duty military members, veterans and surviving spouses buy homes. benefits of a VA loan is that in most cases, a down payment isn't required. It's one of the only loan programs without a required down payment or private mortgage insurance premiums.

Construction

Construction-to Permanent "One Time Close Construction" single application and close date. No mortgage payments are required during the construction phase of the OTC, protecting the borrower from failing to qualify for a second loan and from rising rates and closing dates.
Stand-Alone Construction "Two- Time Close" (2) sets of fees for two closings, construction part and permanent mortgage. No locked rate during construction on the permanent loan.

Jumbo

The current Jumbo loan threshold for Texas is currently anything above $647,200 for a "one unit" single-family home.


Manufactured Homes

We offer conventional and government loans for double wide manufactured homes built after June 15, 1976. Both home and land itself must be classified as real property in Texas.

Special Programs

We offer many loan programs, even non conventional Products, no matter what your needs are we can help.

  • Bank Statement Program - for self-Employed Borrowers
  • Asset Qualification Program - for Borrowers with High Cash Liquidity
  • Investor Program- For Borrowers with Positive Cash Flow Properties

Items needed

While you are shopping for that perfect home, there are general items that you can gather to ensure the smooth processing of your loan.

    • Your driver’s license
    • Your social security card
    • Payment stubs for the past month
    • Copies of your past two tax returns if you are employed
    • Copies of your past three tax returns if you are self employed
    • An accounting of regular monthly bills, including account numbers
    • A profit and loss statement for the current year if you run a business
    • Three months of bank statements including your savings and investment accounts

    Additional documentation may be requested.

All loans are subject to underwriting or investor approval. Other restrictions may apply (interest rate, APR, loan fees are based on credit score, loan to value, loan amount, loan type and other factors). This is not an offer of credit or a commitment to lend. Guidelines and products subject to change.