Infinity Home Mortgage of Texas
Infinity Home Mortgage Mortgage offers home loans at competitive rates to help you buy a home, refinance, or tap home equity. Our mortgage company has helped homeowners and home buyers in Texas find the best home financing solutions at the lowest interest rates.
 

 

Types of Mortgages

 

Conventional Mortgage (Fannie Mae)

  • A mortgage that is not guaranteed or insured by the Federal Government

  • Maximum loan amount is $322,700 (Loans exceeding this limit are referred to as a Jumbo or on Conforming conventional loans.)

  • Eligible borrowers are U.S. citizens, resident aliens, or individuals working under an acceptable work visa (Some conventional loans allow exceptions but these would fall under the category of non-conforming or sub prime home loans.  For instance, individuals making a down payment of 30% or more maybe eligible for a mortgage and exempt from the residency or visas requirements.

FHA Mortgage

  • A mortgage which is insured by the Federal Housing Administration against default

  • Maximum loan amount is:

Harris County - $154,896

Galveston County - $154,896

Brazoria County - $154,896

Chambers County - $154,896

Montgomery County - $154,896

 

(The maximum loan amount for FHA loans is set geographically. 

  • Eligible borrowers are U.S. citizens and resident aliens.

VA Mortgage

  • A mortgage which is guaranteed by the Department of Veterans Affairs against default.  Maximum loan amount is $240,000 with no down payment.  For loan amounts in excess of $240,000,contact us for down payment guidelines.
    Eligible borrowers are active and discharged veterans.  An un-remarried surviving spouse, National Guard, and Reservist may also be eligible.

 


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