montgomery: Mortgage Rate Update for Katy, Woodlands, Sugar Land, Houston 5/31/17 - 05/31/17 11:03 AM
Conventional 30 year Mortgage: 4%
Credit score:740
LTV:95%
Loan Amount:$300k
APR: 4.44%
FHA 30 year: 4%
Credit Score:740
LTV:96.5%
loan amount:$300k
APR:5.07%
Conventional 15 year: 3.375%
Credit score:740
LTV:95%
Loan Amount:$300k
APR:3.853%
 
Rates are Subject to Change
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
(0 comments)

montgomery: Mortgage Rate Update for Katy, Woodlands, Sugar Land, Houston 3/29/17 - 03/29/17 01:09 PM
Conventional 30 year Mortgage: 4.25%
Credit score:740
LTV:95%
Loan Amount:$300k
APR: 4.58%
FHA 30 year: 4.125%
Credit Score:740
LTV:96.5%
loan amount:$300k
APR:5.30%
Conventional 15 year: 3.625%
Credit score:740
LTV:95%
Loan Amount:$300k
APR:3.86%
 
Rates are Subject to Change
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
(0 comments)

montgomery: Mortgage Rate Update for Houston, Katy, The Woodlands 3/22/17 - 03/22/17 08:35 AM
Conventional 30 year Mortgage: 4.375%
Credit score:740
LTV:95%
Loan Amount:$300k
APR: 4.68%
FHA 30 year: 4.25%
Credit Score:740
LTV:96.5%
loan amount:$300k
APR:5.40%
Conventional 15 year: 3.625%
Credit score:740
LTV:95%
Loan Amount:$300k
APR:3.86%
 
Rates are Subject to Change
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
(0 comments)

montgomery: FHA Has increased the Max Loan Amount for the Houston(TX) Area, 1/1/16 - 01/05/16 02:18 AM
FHA(HUD) just announced the max loan amount is now $330,050 for the Houston Texas area. It is effective for all FHA loans after 1/1/16. The Houston area includes the counties of Austin, Brazoria, Fort Bend, Galveston, Harris, Liberty, Montgomery, Chambers and Waller. Keep in mind this is the max loan amount for a FHA loan not the max sales price. Please call or email me with any questions.
(0 comments)

montgomery: USDA Annual Fee is going up on loans approved after 10/1/14 - 08/25/14 03:15 AM
 
USDA loans are fantastic loans.  It offers 0% down payment!  It charges a fee like monthly mortgage insurance which the USDA calls its annual fee.  This fee is treated just like mortgage insurance thou it is much lower than a FHA loan.  This particular fee is going up from .4% to .5% on all loans approved by USDA  after 10/1/14.  This is loans that have a loan commitment directly with the USDA, not just approved by your lender.  On a $200k loan amount this small change would cause your payment to go up $17.  But in general a USDA loan … (4 comments)

montgomery: Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 08/20/14 - 08/20/14 04:37 AM
Conventional 30 year Mortgage: 4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.59%
FHA 30 year:4.125%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.67%
Conventional 15 year:3.5%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.62%
 
Rates are Subject to Change
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

(3 comments)

montgomery: Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 02/12/14 - 02/11/14 11:55 PM
Conventional 30 year Mortgage: 4.5%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.79%
FHA 30 year:4.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.77%
Conventional 15 year:3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.92%
 
Rates are Subject to Change
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

 
(0 comments)

montgomery: Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 08/7/13 - 08/07/13 05:08 AM
Conventional 30 year Mortgage: 4.5%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.75%
FHA 30 year:4.125%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.27%
Conventional 15 year:3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.93%
 
Rates are Subject to Change
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

(2 comments)

montgomery: Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 07/3/13 - 07/03/13 01:10 AM
Conventional 30 year Mortgage: 4.5%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.85%
FHA 30 year:4.125%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.27%
Conventional 15 year:3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.93%
 
Rates are Subject to Change
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
 
(3 comments)

montgomery: FHA Announcement: the New Max Loan Amount is $272,550 in Houston Area - 12/13/12 01:55 AM
HUD(FHA) has just announced that starting Jan 1st, 2013, the new max loan amount will be $272,550.  This increase will be for the Houston Texas area.  And include the counties of: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto, & Waller counties.  The current Max FHA loan amount is $271,050.  Sure this is not much of an increase.  But every dollar helps. 
(0 comments)

montgomery: Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 06/27/12 - 06/27/12 12:53 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 3.9%
FHA 30 year:3.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.15%
Conventional 15 year:2.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.35%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

(4 comments)

montgomery: The New FHA Collection Rule has been Cancelled- Dave Your Mortgage Guy - 06/19/12 12:30 AM
This will be my shortest article ever. The FHA Collection Rule has been cancelled, per HUD’s letter on 6-15. Which is awesome news for all buyers looking for a FHA Loan. Please call or email me with any questions.
(3 comments)

montgomery: The Appraisal Form 2055 or 2075, Could Save Your DEAL! - 06/12/12 09:04 AM
In this market, it is important to know every mortgage program possible.  So you can be quick to come up with a plan for problems.  When there are some issues to think about: no flooring, dry wall issues, foundation problems, etc.  How would you get around these, when any lender would require them to be repaired?  Ask the Seller to repair them, maybe…..  but good luck.  One way to answer this problem is the Appraisal Form 2055 or 2075.  Let’s go over a short explanation of both:
2055- This form is a little shorter then Appraisal form 1044(the full complete appraisal) … (3 comments)

montgomery: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 4/11/12 - 04/11/12 12:40 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.3%
FHA 30 year:3.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.85%
Conventional 15 year:3.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.65%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

(0 comments)

montgomery: Military Discounts for Active, Reserve, and Retired Vets - 02/06/12 06:40 AM
If you are currently in the Military or Retired Military this is fantastic news.  Anita Clark has put together a List of possible discounts that you can qualify for .   www.DaveYourMortgageGuy.com
Military Discounts for Active, Reserve, and Retired Vets
Please forward to all active duty, reservists, and retired US military personnel you know…Discounts galore at over 200+ stores for vets and their immediate family members.
Remember to ALWAYS show your military or retired ID.  Happy shopping...You deserve it!
Verify with the store/organization that the discount is still available. Participation by business owners is at their discretion.
1-800-Flowers - 7% to 60% off A&W … (3 comments)

montgomery: DaveYourMortgageGuy.com has been Voted the #1 Mortgage Company in Houston, Texas. 2011 - 01/02/12 07:53 AM
For the 2nd year in a row www.DaveYourMortgageGuy.com has been voted the #1 Mortgage Company in Houston Texas, by Tops in Texas.  And this was with over 93% of the votes.  I would like to thank everyone who voted for me this year.  And for their support.  To see the results please click on: Best Mortgage Co and click on View Results.   When getting a mortgage make sure to know all your options:
FHA Loans
VA Mortgages
MCC Tax Credit for Home Buyers
USDA loans for Rural Homes
Homepath Mortgage
Immigration Visa Mortgage
Refinancing Your Home
Call me today to make sure … (2 comments)

montgomery: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 11/15/11 - 11/16/11 02:44 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.65%
FHA 30 year:3.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.85%
Conventional 15 year:3.375%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.79%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

(0 comments)

montgomery: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 11/2/11 - 11/02/11 04:50 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.55%
FHA 30 year:3.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.85%
Conventional 15 year:3.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.69%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

(0 comments)

montgomery: Buy a HUD Foreclosed Home with a Down Payment of $100, anywhere in Texas!! - 10/28/11 05:51 AM
After a short hiatus, the $100 down payment when buying a HUD Foreclosure program is back.   This is a great program if you are looking to buy a HUD foreclosure as your primary home.  Here are the general rules that you must know to qualify:
1.     This program is only when buying a HUD Foreclosure.
2.     You must buy the home for the List price or more to qualify for the $100 down payment
3.     You will still have closing costs to pay, but you can negotiate with HUD to pay all or some of them
4.     This is only when … (3 comments)

montgomery: Can I get a 2nd VA Loan? Yes, you can and here is how. - 10/04/11 07:50 AM
If you are a veteran you can actually have 2 VA loans.  You may want a 2nd VA Mortgage if you are moving and not selling your current home, etc.  The calculation to find out if you can have two VA loans can be a little confusing.  So, Here are the steps to follow when figuring out if you can have 2 VA loans:
 
1.      Order your Certificate of Eligibility- Your Mortgage Lender can do this for you.  It requires you to provide your DD-214 form.  If you do not have the DD-214 form, you will want to find it.
2.      Your Entitlement- … (4 comments)

 
David Krichmar, DaveYourMortgageGuy.com (www.DaveYourMortgageGuy.com - Legend Lending) Rainmaker large

David Krichmar

DaveYourMortgageGuy.com

Sugar Land, TX

More about me…

www.DaveYourMortgageGuy.com - Legend Lending

Address: Serving Harris, Fort Bend, Montgomery, Brazoria County, Houston, Katy, Sugar Land, Pearland, The Woodlands or anywhere in Texas!

Office: (832) 689-6012

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