Home-ownership in the U.S. is at an all-time low. See how AMCAP Mortgage Ltd. Is helping to restore the American dream by helping clients secure FHA loan funding at www.texasfha.org.

Spring, TX -- (SBWIRE) -- 12/11/2015 -- According to the U.S. Census Bureau, the rate of home-ownership in the United States fell to 63.4 percent in the second quarter of 2015. This is the lowest it has been since 1967. While the number of occupied housing units has grown, most of these units are going to renters. Owner-occupied housing rates continue to fall.

It is with these statistics in mind that AMCAP Mortgage - North Houston is announcing their status as a Full Eagle FHA Lender. Having Full Eagle status as designated by the Federal Housing Authority means that the company has the ability and authority to originate, process, underwrite and fund FHA loans for home buyers. Companies with this direct endorsement from the FHA have earned it by meeting the requirements during a strict and comprehensive HUD approval process.

Gerry Nicodemus, a representative of AMCAP Mortgage, stated "Home-ownership in the U.S. has been on a downward trend in recent years. Rising home prices coupled with tighter lending standards has put home-ownership out of the financial reach of many people. As a Full Eagle FHA Lender, it's our job to help put the dream of owning a home back within their reach. Typically, the required fha loan qualifications are not as strict as traditional loans. The credit qualification standards are much more lenient, the required down payment is only 3.5 percent, and interest rates are generally lower as well."

Nicodemus goes on to say, "The fact that we have Full Eagle status allows us to do what other mortgage lenders cannot. Our team is able to originate, process, underwrite, and fund FHA loans under the same roof. This streamlines the process for home buyers, making things easier and less frustrating for them. It minimizes the chances that they will face major issues in securing the funding they need to buy the home. Because of our designation, we're able to provide top-notch support for our customers."

"Home-ownership is a huge part of the American dream, and we want to help restore that for people in Texas. Fortunately, FHA loans make home-ownership possible for a wider range of people. We are proud of our Full Eagle designation and look forward to helping more people secure the funding they need to begin building the life they've always imagined for themselves."

About AMCAP Mortgage - NHB
AMCAP Mortgage Ltd. is an approved FHA Lender that specializes in FHA Home Loans throughout Texas. As a "Full Eagle" FHA Lender in Texas, they originate, process, underwrite and fund FHA loans under one roof. Because they know that FHA Loans can be a great source of funding for their clients, their Loan Specialists are always available to help them secure the money they need for the home of their dreams.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

These new resources are designed to help answer common questions and streamline the borrowing process for local veterans, publishes texasvaloancenter.org

Spring, TX -- (SBWIRE) -- 12/11/2015 -- According to the United States Department of Veterans Affairs, 1,680,418 veterans resided in Texas as of September of last year. With the real estate market currently experiencing a resurgence across the nation, a growing portion of those service men and women are revisiting their home ownership options. In consideration of this development, Gerry Nicodemus of AMCAP Mortgage - NHB has launched the lending firm's newly updated directory of VA home loan information.

Nicodemus affirmed, "Our nation's VA loan was established back in 1944 to aid members of our Armed Forces in making home purchases. Since that time, it has helped more than 18 million realize the American dream of home ownership. Rather than actually lending money itself, the VA guarantees loans for approved lenders like us. This lowers default risks and reduces the costs of backing on our end of the process; in turn, we are able to pass the multiple resulting savings and advantages along to eligible service members. Our revised website dedicated to this aspect is designed to help potentially qualified applicants better understand the details of the program."

Qualifications cover a broad range of service men and women active in branches of the Armed Forces following World War II. Applicants must be able to present a Certificate of Eligibility obtainable through the VA. While the Department of Veterans Affairs does not specify a minimum credit score in its eligibility guidelines, AMCAP Mortgage typically uses 620 as the company's baseline with certain extenuating factors also taken into consideration.

Although primary loan entitlements are currently set at $36,000, supplemental amounts may be available. Additional benefits of these loans include no down payment requirement, lower interest rates and associated fees as well as greater term flexibility. As is the case with any home loan, applicants must also meet income specifications and certain other prerequisites in order to be deemed eligible.

Concluded Nicodemus, "Our FAQ section answers the basic question of just what is a VA home loan, but far more in-depth details are also offered. We provide a wealth of information geared toward our veterans to help explain this specific program as well as the intricacies of home ownership in general. We hope the resources we've launched will help clear up any confusion and streamline the process for members of the Armed Forces in our area. For any concerns not addressed, or to apply, our website, phone lines and doors are always open."

About AMCAP Mortgage - NHB
With offices in Texas, Colorado, New Mexico, Utah, North Dakota and Pennsylvania, as well as licenses to conduct business in four additional states, AMCAP Mortgage strives to provide the highest level of customer service via the company's diverse team of professionals from various branches of the lending sector.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Set to continue for months to come, new campaign will see bureau's experienced mortgage experts providing valuable, useful information to the public, AMCAP Mortgage - NHB reports

Spring, TX -- (SBWIRE) -- 12/11/2015 -- AMCAP Mortgage - North Houston launched a new public awareness campaign, a company-wide effort that will continue for months to come. The new initiative revolves around spreading awareness as to the significant differences between conventional mortgages and those insured by the Federal Housing Administration, a distinction that is a source of confusion for many home buyers in the area. By helping to spread information about this important subject, AMCAP Mortgage – NHB aims to make it easier for families in the north Houston area to successfully realize their dreams of home ownership.

"The year is drawing to a close, but we're just getting started with some truly important work," AMCAP Mortgage – NHB representative Gerry Nicodemus said, "We think our brand-new public awareness campaign is going to have a major, positive impact throughout the community. While understanding just how an FHA-backed mortgage differs from a conventional one is not difficult, too many home buyers in the area simply aren't acquainted with the facts. Starting right now, we're going to be working hard to change that, and we'll keep up with the effort right into the New Year and beyond."

Having guaranteed over 30 million mortgages since it was first given the authority during the Great Depression, the Federal Housing Administration is the world's single most prolific insurer of this kind. Americans who qualify for this form of assistance can benefit from lower required down payments, along with more generous terms of other kinds, with the total package often standing out as an impressive alternative to mortgages of other sorts.

To do so, they must obtain financing through qualified, registered FHA lenders like AMCAP Mortgage – NHB. Serving families and home buyers throughout the Houston area with a special focus on those who live in the city's northern surroundings, AMCAP Mortgage – NHB regularly helps particular lenders decide which mortgage option will make the most sense, given their particular circumstances.

The company's new public awareness campaign will help spread the benefits of this expertise even further. By informing the general public about the requirements and terms of conventional vs fha financing, the company's mortgage professionals will help even those who have not yet specifically investigated the subject learn more about their options.

Those who are interested in reading more about the subject of FHA-backed mortgages or how they compare to conventional ones can do so now at the AMCAP Mortgage – NHB website, where a number of informative articles and guides can be found. Visitors to the site can also arrange for free consultations there and can even prequalify online in 10 minutes or less.

About AMCAP Mortgage – North Houston
With a team of dedicated, experienced, highly trained mortgage professionals, AMCAP Mortgage – NHB offers both conventional and FHA-backed home financing and other products to borrowers throughout the Houston area.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Providing in-depth information and links to additional resources is key to helping local residents find lending solutions best suited to their unique needs, publishes texasusdaloans.org

Spring, TX -- (SBWIRE) -- 12/09/2015 -- According to the Mortgage Bankers Association, conventional home loan delinquencies soared beyond 18 percent in the state of Texas during the recent recession. Though these occurrences had tapered off to just under 16 percent upon last report, lending institutions remain somewhat gun-shy in regards to doling out home loans to current applicants. With this in mind, AMCAP Mortgage - North Houston spokesperson Gerry Nicodemus has launched the agency's guide to USDA home loans.

Nicodemus elaborated, "In an effort to promote development in rural areas, the United States Department of Agriculture established a program offering an array of loans to both current and potential property owners for single family homes, multiple family units and other types of housing outside the confines of general city limits. As long as a property lies within the USDA's approved areas and loan applicants are eligible based on the lenient guidelines in place, this option can be used for a wide variety of purposes. Our guide is designed to help those in our area better understand this program and its benefits."

According to the AMCAP Mortgage - NHB website, two forms of USDA loans are available: direct and guaranteed. Guaranteed loans offered through this program are meant for families with higher incomes falling into the 80 to 115 percent range of the local area median income. These are provided via private lenders on behalf of the USDA. Direct loans are afforded through the USDA Regional Service Center itself and are offered to borrowers whose household income falls below 80 percent of the AMI.

Though applicants must typically have a credit score of 640 or better in order to be eligible, a manual underwrite may be granted in certain circumstances. A 29 percent debt-to-income ratio is additionally required. One signature characteristic of USDA Loans is the lack of a required down payment; at the same time, borrowers tend to receive lower interest rates with this type of loan. Both 15 and 30-year fixed-rate options are currently available in Texas.

Said Nicodemus, "USDA loans tend to be much easier to qualify for than some other options, and potential borrowers may be surprised to learn just how many available properties are considered eligible for this program. Our new guide offers a wealth of information, links for determining property and income eligibility as well as numerous other resources. We encourage anyone interested to browse our website and contact us with further questions."

About AMCAP Mortgage - NHB
Using processes tailored specifically to the unique circumstances of each potential borrower, the staff of AMCAP Mortgage - NHB strives to help clients find the loan most suited to their needs. As a private lender, the institution offers USDA, FHA, VA and conventional loans along with a number of other alternatives to help clients realize their dreams of home ownership.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Those denied by other lenders are local citizens often vulnerable to circumstances beyond their control, publishes fha-info.com

Spring, TX -- (SBWIRE) -- 12/09/2015 -- While the U.S. Census Bureau reported an estimated 10 percent uptick in home sales across the country as of October 2015, at least 15 percent of mortgage loan applications were denied over the course of the year. Top lending institutions list credit history, unacceptable debt-to-income ratio and lack of financial reserves as primary reasons for turning away would-be homeowners. In response to this development, Gerry Nicodemus of AMCAP Mortgage - North Houston has launched the latest FHA information geared toward local potential home buyers.

Nicodemus confirmed, "A number of Americans apply for home loans with many different conventional lenders only to receive a resounding 'no' from them all. The road to home ownership holds a few hidden pathways though few know just where to find them. While the FHA still holds borrowers to certain guidelines, the organization also realizes life is filled with extenuating circumstances and was developed with those in mind."

Addressing the issue of credit, typical lenders expect scores of around 700; in contrast, FHA loans can be acquired with a score of 580 in some cases. Rather than taking the numbers alone into consideration, lenders under the FHA program are authorized to delve further into these matters to determine root causes of imperfect credit history. Unemployment stemming from recession, temporary critical illness and death of a household primary income provider are common elements often considered forgivable by the FHA.

Debt-to-income ratio refers to combined monthly expenses versus income. Conventional lending institutions require a back-end ratio of approximately 35 percent whereas the FHA prerequisite is generally 50 percent, a trait exclusive to this organization. Down payments on traditional home loans range between 10 and 20 percent depending on various factors as opposed to 3.5 percent for eligible applicants through the FHA. Steady employment with a conceivably solid future is required before receiving FHA consideration.

Concluded Nicodemus, "We realize our applicants are far more than just credit scores and financial figures; they're local citizens sometimes vulnerable to issues beyond their control. By providing information about the loans we offer, we hope to show those in our area there may still be hope where all seems lost. Detailed material can be found on our website, and of course, we welcome those who've been turned down by other lenders or feel they don't qualify for the average mortgage loan to contact us online or in person."

About AMCAP Mortgage - NHB
With a commitment to exemplary customer service and prevailing where other lenders fall short, AMCAP Mortgage - NHB is a registered entity with the Texas Department of Savings and Mortgage Lending. Staff members have streamlined their approach to home loans, making the process more straightforward for clients striving to achieve the American dream.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

For an easier time acquiring a mortgage, TexasFHA.org gives prospective homeowners the chance to apply for an FHA loan.

Spring, TX -- (SBWIRE) -- 10/12/2015 -- Traditional loans require at least a 620 credit score, no more than 45% debt to income ratio, and a down payment of at least 3%. This can make it difficult for a potential homebuyer to get a loan as many people don't have a high credit score, low debt and a large amount in savings for a down payment when they're ready to buy a home.

According to industry statistics in 2013, 43% of applicants with less than perfect credit were denied a mortgage. Those who were most likely to be approved had a near-perfect credit score, more than 5% down payment available, and a very low income to debt ratio. Many potential homebuyers who applied for conventional loans found it time-consuming to search through potential loans to determine which one is going to be the best one to apply for and which one the person has the highest chance of being approved for.

Gerry Nicodemus, spokesperson for AMCAP Mortgage - North Houston, understands this and recently commented, "FHA loans can be easier to qualify for and gives many prospective homebuyers the chance to get the mortgage they need without perfect credit, a large down payment, and a low income to debt ratio."

According to Nicodemus, FHAs accept applicants with a FICO score of 580, as much as 57% debt to income ratio, and a minimum of 3.5% down payment. Furthermore, they also allow people to use monetary gifts such as grants for the down payment. "As an approved FHA lender," he states, "we do all of the processing for the FHA loan on our own and are committed to making the entire process as simple and painless as possible."

The lower FHA loan qualifications mean a person who might not be able to be approved for a conventional loan will be able to apply for FHA loans and have a much higher chance of being approved. This appeals to many people who are interested in purchasing their first home. Instead of searching through the private lenders and hoping to find one who will approve them, consumers are able to apply for one of these loans.

As long as home buyers have an acceptable credit profile, at least 3.5% down payment and they can repay the mortgage according to HUD guidelines, they should be able to be pre-qualified for a mortgage. Nicodemus concludes, "Once they are pre-qualified, they can start looking for the perfect home with confidence they'll be able to purchase it."

About AMCAP Mortgage
AMCAP Mortgage is a registered Mortgage Banking entity with the Texas Department of Savings and Mortgage Lending with all of the necessary licenses to hold and maintain lending offices in ten states. They are committed to providing excellent customer service and helping ensure the entire process is efficient and pleasant. The firm looks forward to helping any potential homeowners reach their dream of buying and owning their own home.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Helpful new guide lays out all the important distinctions in clear, streamlined format, AMCAP Mortgage - NHB reports

Spring, TX -- (SBWIRE) -- 10/09/2015 -- The North Houston Bureau of AMCAP Mortgage published a new guide aimed at those choosing between conventional and FHA-insured home loans. The new AMCAP Mortgage - NHB guide will answer all of the most common questions, delivering helpful, actionable advice in a straightforward, point-by-point manner. AMCAP Mortgage - North Houston is one of the region's most active and flexible home lenders, providing everything from jumbo-sized conventional loans to mortgage refinancing and FHA options for first-time buyers.

"We're happy to report that we have just published our new guide to conventional vs fha home mortgages," AMCAP Mortgage - NHB site administrator and longtime mortgage-industry specialist Gerry Nicodemus said, "This is a subject of perennial conclusion for buyers, and we're glad to be able to straighten things out. When it comes down to it, there are only a few things buyers really need to understand, and our new guide makes it as easy as possible to come up to speed."

Since the depths of the Great Depression, the Federal Housing Administration has guaranteed mortgages obtained by certain qualifying home buyers. Lending stability to the nation's housing markets and providing opportunity for those who would otherwise have difficulty obtaining financing to purchase a home, the popular program has been modified many times over the decades, but consistently ranks as a top choice for those able to take advantage of it.

As the new AMCAP Mortgage - NHB guide shows, there are good reasons for this. For one, buyers who obtain FHA loans are sometimes able to put as little as 3.5% of the total purchase price down, making home buying more realistic for many people. FHA lenders also tend to charge lower rates than those issuing entirely private mortgages, because the federal government's guarantee reduces the risks they face.

The new AMCAP Mortgage - NHB guide delves into these important issues and others, giving readers a complete, compact picture of the most relevant differences between the two basic kinds of loans. As one of the Houston area's most relied-upon and successful lenders, AMCAP Mortgage - NHB is well positioned to offer this style of advice to readers.

AMCAP Mortgage - NHB works with home buyers of all kinds to arrange the most appropriate and appealing loans for purchases and mortgage financing. With a proven, streamlined three-step system, the company greatly simplifies the mortgage lending process, closing many files in 30 stress-free days or less. Those interested in the new AMCAP Mortgage - NHB guide comparing FHA-backed and conventional mortgages can find at the company's website. Visitors there can also read about all of AMCAP Mortgage - NHB's services and schedule free, 10-minute lending consultations.

About AMCAP Mortgage - NHB
Voted the Best Mortgage Lender in Texas, AMCAP Mortgage provides streamlined home lending services, working with buyers of all backgrounds and goals to deliver the best possible financing for any home purchase or refinancing goal.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Broader reach and less stringent qualification guidelines can help more families realize their dreams of home ownership, publishes texasusdaloans.org.

Spring, TX -- (SBWIRE) -- 10/08/2015 -- Records indicate 1949 saw the launch of the USDA Rural Development Loan program. This year marks its 66th anniversary as well as bringing the home ownership dreams of more than 1 million families to fruition. On a more tumultuous note, the number of American citizens being denied for traditional home loans continues to rise on the waves of recent housing market wreckage.

In celebration of this Rural Housing Service milestone, spokesperson Gerry Nicodemus of AMCAP Mortgage - North Houston has launched a campaign to foster the loan project's efforts. Said Nicodemus, "The driving force behind USDA home loans is to help smaller communities within the USDA's specified areas flourish. They provide assistance for a number of intentions and cater to two specific branches of the population. Qualification requirements and approved regions for this type of loan are much less restrictive than many realize, and we'd like to help clear up the common misconceptions."

The USDA's RHS offers two distinct loan options. Direct loans are designed for families considered to fall into the low income bracket bringing in less than 80 percent of a given locale's Area Median Income. Guaranteed USDA Loans grant assistance to those whose household incomes range from 80 to 115 percent of the AMI. As a general rule, qualified applicants must hold a credit score of 640 with less than 30 percent of household income being allotted to mortgage loan payments each month.

Among the factors setting these types of financing apart from traditional varieties is down payment as none is required with a USDA loan. Though terms tend to hold a number of similarities to conventional loans, monthly payments are often lower for USDA borrowers. While no maximum loan amount has been established for those purchasing a home through this program, only 15 and 30 year fixed-rate options are currently being offered. Graphics show an estimated 95 percent of land in the United States is approved by the USDA under the RHS's ruling.

Concluded Nicodemus, "The USDA's approved areas have a far broader reach than most initially believe; at the same time, both low and moderate income families may qualify. We hope these facts as well as the more inclusive information on our website will encourage residents of our service area to contact us. We've helped a number of people who'd given up on their dreams of owning a home, and we look forward to continuing this tradition through these and other alternatives we offer."

About AMCAP Mortgage - NHB
AMCAP Mortgage is an affiliate of the Texas Department of Savings and Mortgage Lending focused on providing various home loan options to those in their area.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Spreading the word about less stringent FHA loan requirements can give hope to thousands of would-be homeowners, publishes fha-info.com.

Spring, TX -- (SBWIRE) -- 10/08/2015 -- A report released by the Urban Institute in December, 2014 indicates 43 percent of home loan applicants in American were denied by traditional lenders during 2013, up an estimated 3 percent from just a year earlier. Rejections are said to be based largely on credit score, household income and debt-to-income ratio. This uptick comes as no surprise to the staff of AMCAP Mortgage - North Houston who has watched this trend unfold for quite some time. In response to the mounting turn-down rate, spokesperson Gerry Nicodemus has launched the company's latest efforts to raise awareness regarding FHA loans.

Said Nicodemus, "Qualifying for a home loan through a conventional lending institution is a great deal more difficult than it once was, thanks to the market crash of 2009. Not only are these lenders holding potential borrowers to higher standards than before, but all those affected by economic decline are still struggling to recover financially. Their credit scores are suffering as a result. Thousands who once would've easily been eligible for a loan are being turned away empty handed. Many fail to realize the FHA can often help where others won't."

As opposed to the credit score of 720 or better required by traditional lenders, the FHA has been known to accept applicants with scores in the 580 range. Previously mentioned debt-to-income ratio requirements for a standard loan are generally 43 percent or less whereas the FHA weighs in at a slightly higher 50 percent. While the majority of mortgage providers insist on a down payment of at least 20 percent of the price of the home in question, FHA requirements typically range from 3.5 to 10 percent.

While proof of sufficient income is required prior to consideration for a mortgage loan, these less stringent guidelines than other lenders enable more anticipatory borrowers to qualify. Those with credit scores on the lower end of the spectrum may be expected to hold lower than average debt-to-income ratios. Additionally, down payments may be a product of gifts from friends or relatives rather than strictly earned income.

Concluded Nicodemus, "We've made it possible for a number of families who don't qualify for traditional loans to realize their dreams of owning a home. Our aim is to give hope to thousands more would-be homeowners by further spreading the word about this type of mortgage loan. Anyone interested may visit our website for more in-depth FHA information or to learn how to apply. We look forward to helping our community grow through this service."

About AMCAP Mortgage - NHB
A registered Mortgage Banking integrate of the Texas Department of Savings and Mortgage Lending, AMCAP Mortgage is dedicated to providing exemplary customer service throughout the loan process.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

TexasVALoanCenter.org reports this is only one of the many benefits of choosing a VA home loan

Spring, TX -- (SBWIRE) -- 09/24/2015 -- A VA Loan offers numerous benefits to those who are currently serving the country in the armed forces or those who have done so in the past. The VA home loan program offers no down payments, limitations on how much a buyer can be asked to pay in closing costs, no monthly mortgage insurance premiums and a property value appraisal. When the loan is used to purchase a new home, inspections take place at various stages of the process and the builder must provide a one year warranty. Financial counseling and personal loan servicing are two features of this program also. Once a person answers what is a VA home loan, he or she understands why many choose this financing option.

"According to GlobalFirepower.com, the United States military currently includes 1.4 million active frontline personnel and 1.1 million active reserve personnel. This doesn't include individuals who have served in the military in the past who are eligible for a VA loan. Every individual who volunteers to serve this country deserves a break now and then and these loans provide them with this break, by allowing them to obtain affordable housing," Gerry Nicodemus, spokesperson for AMCAP Mortgage, states.

Individuals need to be aware not all will qualify for a VA loan. Although the VA does guarantee the loan, the lender determines the minimum acceptable credit score. Many lenders require a minimum credit score of 640 to qualify, yet others only ask for a 620 credit score. Every consumer has three credit scores, and lenders typically use the middle credit score when evaluating an application. In addition, borrowers must have sufficient income to make payments on the loan.

"As with any home loan, borrowers need to compare various lenders, as each institution determines their own guidelines for home loans. Many military service personnel find they are turned down by other lenders, only to have AMCAP Mortgage-NHB approve their request. This is due in large part to our requirement that a borrower only has a 620 credit score, as opposed to the typical 640 score. Our goal is to help those serving our country and this reduced requirement is one way we are able to do so," Nicodemus explains.

Borrowers often wish to know if there are any other requirements for VA loans. With any VA loan, the residence being purchased must be the primary residence of the borrower. Individuals stationed overseas may purchase a home as their primary residence for use by their family, in the event the family will not be residing overseas with the service member. Borrowers who have lost a home to foreclosure or a short sale also qualify for these loans, although a certain time period must have passed before they become eligible.

"Contact AMCAP Mortgage-NHB today to learn more about VA home loans. We will be happy to answer all of your questions, allowing you to feel comfortable with using this type of loan for the purchase of your new home," Nicodemus declares.

About AMCAP Mortgage-NHB
A Texas Department of Savings and Mortgage Lending registered mortgage banking entity, AMCAP Mortgage-NHB serves clients in ten states and maintains offices in six. All employees remain committed to providing outstanding service at every stage of the home buying process, understanding how stressful it can be to purchase a home. The loan process has been streamlined, where possible, to make it pleasant and efficient.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New campaign reported by TexasUSDALoans.org designed to help hopeful home buyers understand ease of qualifing for these no down-payment, low-interest mortgages

Spring, TX -- (SBWIRE) -- 05/21/2015 -- Home ownership is still out of reach for many people, or so they may think. For those who are employed and looking for a primary residence, but have been hesitant to begin shopping for a place to call their own, AMCAP Mortgage and their latest campaign may be just what they have been seeking. AMCAP wants all Texas residents to understand how valuable USDA Loans are, and how they are much more attainable than many may think.

According to Gerry Nicodemus, spokesperson for AMCAP Mortgage, many potential home buyers are not aware of what these loans offer in terms of savings and how easy it is to discover if they are qualified. "People hear that the Department of Agriculture is offering loans and they mistakenly believe that the loans are for purchasing farms. This is not the case, these loans are for any rural home that will be the primary residence of the purchaser. Commercial properties, like farms, are not eligible for this type of funding."

Nicodemus explained that these 100% Financing Home Loans are offered with no down payment required. The interest is always quite favorable for the buyer and only a small two percent fee may be required at closing. There is no limit on the price of the property that can be mortgaged, as long as the buyer has the income needed to repay the loan. Buyers are able to later refinance their loans with the USDA and still receive a low interest rate.

"This not a program only for first time home buyers or for those with bad credit. USDA Loan Requirements expect that home buyers have at least a good credit rating in order to qualify." Stated Nicodemus. "We do have some leeway with those that have only fair credit, if they are able to provide an acceptable explanation as to why their credit score is so low. We can also work with those who have not earned any credit rating yet."

"Not all lending institutions offer these type of loans, only those that are approved lenders." Explained Nicodemus. "We are happy to work with potential home buyers to help them understand what type of loan and loan amount they are qualified for and to answer any questions they make have about how the program works. We are also always willing to seek out other options in the event that a USDA loan is not a possibility for them. "

About AMCAP Mortgage-NHB
AMCAP Mortgage is a licensed lender in Texas and 20 other states across the Southwest and Midwest United States. They specialize in providing numerous financing options to all borrowers. They offer USDA, FHA and VA loans as well as non-conforming loans and conventional mortgage financing. Because AMCAP sees each customer as an individual they work hard to seek out the loan option that will be the most beneficial for them.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Individuals find FHA loans come with a low down payment and less stringent credit requirements, reports AMCAP Mortgage-NHB

Spring, TX -- (SBWIRE) -- 04/28/2015 -- AMCAP Mortgage announces Texas FHA loans come with flexible qualifications, allowing more individuals to purchase homes. Those who have been denied a home loan due to an insufficient down payment or less than ideal credit find they may meet the fha home loan qualifications. Anyone wishing to know more about FHA eligibility will find AMCAP Mortgage to be of great help in answering questions and explaining the process of obtaining a loan.

"Income qualifications and requirements tend to be less stringent than most mortgages offered today. Individuals aren't required to have held a specific job for a certain period of time in order to qualify, but the borrower's employment will be verified for a two year period prior to the loan application. Lenders need to know the borrower can repay the loan, and this information is required to ensure that is the case," Gerry Nicodemus, spokesperson for AMCAP Mortgage-NHB, explains.

In addition to considering one's income when determining if a borrower qualifies for an FHA loan, the lender takes into account his or her debt to income ratio. Lenders wish to know the borrower will be able to repay the loan without experiencing undue financial hardship, a problem seen during the recent housing bubble. Each lender uses different criteria to determine if a borrower qualifies for a loan, yet the FHA guidelines allow a debt to income ratio as high as 50 percent, with some AMCAP Mortgage allowing a debt income ratio of 57 percent in some situations.

One benefit of obtaining an FHA loan is there are no savings requirements with this type of mortgage loan, Nicodemus explains. One thing to be aware of, however, is the FHA does require documentation of a large non-payroll deposit. The borrower must be able to explain credibly where this money came from. Doing so may be easy if a borrower transfers money between accounts, yet when the funds are obtained from another source, documentation will be needed. Borrowers must be prepared to meet this requirement.

Individuals often worry they won't qualify due to a lack of credit or financial difficulties in the past. The FHA works with borrowers in this situation and works with those who have a 580 FICO score. Lenders may require a higher credit score, but this is determined by the lender. Individuals choosing to work with AMCAP Mortgage find they may obtain approval in minutes if they have a credit score of 620 or higher.

"Contact AMCAP Mortgage today to learn more about FHA loans. The lender is committed to helping individuals finance their new residence and works with the FHA to make this happen. AMCAP Mortgage, making use of FHA loans, makes home ownership possible for more people and you may be one of them," Nicodemus declares.

About AMCAP Mortgage-NHB
AMCAP Mortgage is an authorized FHA lender specializing in FHA home loans throughout the state of Texas and a registered mortgage banking entity with the Texas Department of Savings and Mortgage Lending. All employees remain committed to providing outstanding customer service to ensure smooth transactions for all, and the mortgage process has been streamlined to make it efficient and pleasant.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Individuals find pre-qualification offers numerous benefits, reports AMCAP Mortgage-NHB

Spring, TX -- (SBWIRE) -- 04/28/2015 -- The Texas Mortgage Pros, also known as AMCAP Mortgage-NHB, announces individuals may qualify for a houston mortgage loan in only ten minutes. Individuals must provide some basic information, such as their name, employment and assets to determine how much they qualify for. The process is easy and allows a potential home buyer to narrow down his or her housing options quickly and easily.

"Pre-qualification allows an individual to lock in their rate, and The Texas Mortgage Pros provides other tools to make the home buying process easy. One can make use of a mortgage calculator on the site to determine estimated monthly payments or read up on the different types of loans available. One may need a home purchase loan, yet another may benefit from a refinance loan and AMCAP Mortgage-NHB can be of assistance with all," Gerry Nicodemus, spokesperson for AMCAP Mortgage-NHB, explains.

Many potential homebuyers wonder how an FHA loan differs from a conventional loan. Regardless of which type of loan is selected, the borrower may choose from a fixed or adjustable interest rate, although conventional loan interest rates do tend to be higher, due to FHA loans being insured by the federal government. The credit qualification criteria are lower with an FHA loan, yet the Mortgage Insurance Premium is higher.

"The biggest difference between the two loans lies in the amount of down payment required. Conventional loans require a five percent down payment, but FHA loans only require a 3.5 percent down payment. In addition, the down payment for a home being purchased with an FHA loan may be provided by a friend or family member as a gift. Conventional loans don't allow for this. Be aware that only certain mortgage lenders may offer FHA loans," Nicodemus states.

For individuals wishing to purchase a custom home or one that is more expensive than the average residence, they will find they need to obtain a jumbo loan and make a higher down payment. Often, these loans will be referred to as non-conforming or super jumbo loans and are above $729,750. AMCAP Mortgage-NHB assists those home buyers looking to purchase a home in this price range.

"Don't hesitate to contact The Texas Mortgage Pros for home mortgage assistance. The agents happily work with clients to find the right loan product for their needs. The goal remains to help each client find a product which allows them to purchase their dream home at an affordable interest rate with reasonable loan terms. Everyone deserves the home or their dreams and The Texas Mortgage Pros works to help them obtain it," Nicodemus declares.

About AMCAP Mortgage-NHB
AMCAP Mortgage-NHB functions to provide clients with high quality service for all of their mortgage needs. Offering the lowest rate and multiple loan programs, the company works one-on-one with clients to ensure the home loan is tailored to meet their expectations and situation. The company continues to boast an A+ Accredited Business rating with the Better Business Bureau, allowing clients to feel comfortable working with this home loan provider.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm