Hub City Lending, a real estate financing provider based in Wolfforth, TX, has announced their merger with The Texas Mortgage Pros, a leading provider of residential housing finance in Texas. The move is intended to combine their individual strengths and resources to be able to provide the best possible rates and services. Both companies have noted the significant developments in the real estate financing industry. Interest rates for housing finance have been increasing and made an impact in the 2022 housing market in the US, resulting in a 7.4 percent decrease in the quantity of home sales all over the country. Overall, getting a housing financing deal has become much harder with the higher rates. More about the services provided by Hub City Lending can be gleaned from https://hubcitylending.com/services/.
Jason Turner, CEO of The Texas Mortgage Pros, says, “Texas Mortgage Pros and Hub City Lending merge amid major changes in the mortgage industry. With a combined 20 years’ experience in mortgage and commercial banking/lending, the two companies incorporate their expertise to offer clients any type of real estate financing. Texas Mortgage Pros in a collaborative merge with Hub City Lending, have the ability to find the ideal financial service for all types of clients and their unique situations.”
The merged company will be providing maximum support all throughout the application process from the first contact to the close of the transaction. The merger of Hub City Lending and The Texas Mortgage Pros is expected to benefit homeowners and home buyers in Texas because their strong relationships with a broad range of financial services companies throughout the country will allow them to offer rates that are more affordable in the midst of rising rates in the industry.
The merger is expected to benefit among others, first time home buyers in Texas, which is defined as someone who has not purchased a home in the last three years. In Texas, they have a program for first time home buyers where they can get down payment assistance. This program is available throughout the state of Texas although the purchase price and income limits are higher for those homes located in areas where most families earn less than 80 percent of the median income of the state. First time home buyers may also use conventional home financing arrangements, VA home financing, FHA home financing, USDA home financing, and more. More information about Hub City Lending can be obtained from https://hub-city-lending.business.site/.
The FHA home financing program is supported by the Federal Housing Administration by providing insurance for the financing of single family homes and manufactured homes. The insurance is provided against losses due to the inability of the homeowner to make the payments.
The VA home financing program is provided for American veterans, service men and women, and eligible spouses. The financing is guaranteed by the US Department of Veterans Affairs. A key advantage of this home financing arrangement is that those who are eligible can get up to 100 percent of the selling price financed.
The Texas Mortgage Pros is composed of home financing professionals all over Texas, particularly in San Antonio, Tomball, Spring, Dallas, Austin, The Woodlands, and Houston, Texas. All of their home finance professionals are highly experienced and can guide their clients, whether they are buying their first home, their dream home, or refinancing an existing home finance agreement.
Hub City Lending is made up of a team of highly experienced, certified, and knowledgeable financial professionals. It is due to their expertise and knowledge that they are capable of determining the solution to the financial requirements of a particular individual. An important distinction of this financial services company from banks and other financial institutions is that its connections with national financial services institutions allow it to provide the financial requirement for each individual situation, unlike banks and other conventional financing institutions that only provide their services to credit-worthy individuals and businesses.
Those who are interested in learning more about the financial services by Hub City Lending can visit their website at https://hubcitylending.com, or contact them on the phone or through email.
SOURCE: Press Advantage [Link]
Hub City Lending is composed of highly experienced, certified, financial professionals. Our knowledge and expertise can find a solution for all financing needs. Unlike a bank, or local lenders, which only lend to the most credit-worthy businesses.