Couple and dog in home with moving boxes.

Mortgage


Mortgage Lender in Houston, Texas

Experienced mortgage professionals to guide you through every step


Are you on the search for a reputable mortgage lender in Houston? Ready to hold the competitive advantage in today’s housing market? It’s time to start with Houston’s #1 Credit Union, Texas Bay. Our experienced team understands how important of an investment buying a home can be, and whether you are a first-time home buyer or looking to refinance, they are here to be your partner throughout the entire process.

 

Become a Texas Bay Knockout Buyer!

Let our team arm you with the tools to keep your rate low in this rising rate environment and compete in this competitive housing market!


As a Texas Bay Knockout Buyer you will enter the housing market with a pre-approval that has a 60-day rate lock!

  • Keeps the red tape and complexity of a mortgage to a minimum
  • With the rising rates have peace of mind knowing your rate is locked in

We've got the mortgage to fit your needs

Buying a Home Refinancing Your Home
  • Conventional Loans - Fixed Rate Mortgage 
    • Interest rate will not change for the life of your loan
    • Protecting you from the possibility of rising interest rates
    • Great for first time and seasoned buyers
    • 60 Day Rate Lock
    • Terms (10, 15, 20, or 30-Years)
    • Best for: Members that plan to occupy the property for extended period of time
  • FHA - Fixed Rate Mortgage
    • Credit score requirements are lower compared to other loan options
    • Lower down payment requirement (3.5%)
    • Great options for buyers with credit challenges
    • Insured by Government
    • Terms (10, 15, 20, or 30-Years)
    • Best for: First-time home buyers
  • VA Loan - Fixed Rate Mortgage
    • Great option with no down payment required
    • Government-guaranteed mortgages
    • Highly competitive interest rates
    • Best for: Veteran, currently enlisted, National Guard, Reservist, Surviving Spouse's
  • Land Purchase - Fixed Rate 
    • Residential Lot Loan
    • Unimproved Land Loan
    • Terms (10 and 15-Years)
  • Mortgage Refinance - Fixed Rate Mortgage
    • Great for cutting years off your mortgage term
    • Lowering payments for affordability
    • Terms (10, 15, 20, or 30-Years)
  • Cash-Out Refinance - Fixed Rate Mortgage
    • Take equity out of your home
    • Eligible Properties: Primary, Secondary, and Investment 
    • You can use the equity to consolidate debt, do home improvement, cover repair bills, or even pay off student debt
    • Terms (10, 15, 20, or 30-Years)

Meet our Mortgage Loan Officers

Additional Perks with Texas Bay in Your Corner

Get started on finding your dream home with a team that’s ready to help you
First-Time Buyer Seminars
Ready for your dream home? Get tips and guidance on the home buying process.
Looking for home insurance? Texas Bay Insurance Group has you covered. Find coverage for your home today!              
With a Texas Bay Mortgage you can count on...
  • Competitive Rates
  • Fast Closings
  • Flexible Terms
  • Easy Online Application
  • Experience
  • In-house servicing
  • And MORE!!!
Applying online is as easy as 1-2-3.

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Annual Escrow Review


On an Annual Basis, Texas Bay Credit Union reviews your escrow account to ensure we have enough to
pay your upcoming taxes and/or insurance premiums.

Any differences between what we expected to pay out and what we actually paid out could impact
whether your escrow account has a shortage, deficiency or a surplus.

Shortage occurs when you do not have enough money in your escrow account to start off the year. The
system calculates how much we’re going to pay out this year while still making sure we don’t go below
the required minimum balance in the account. If you have a deficiency or shortage, it will automatically be spread out over the next 12 months, unless you bring the shortage/deficiency payment in before the deadline of February 25, 2021.

Deficiency means that your escrow account actually went negative after we paid all of the taxes and
insurance amounts for this year (March to March). If you have a deficiency, you will also have a
shortage. This will also be spread over the next 12 months and added your base escrow payment if not
paid before the deadline of February 25, 2021.

Surplus occurs when you have more than enough in your escrow account to start off the year. Any
applicable additional funds will be mailed to you in the form of a check on March 1.

What is the last day to bring in my funds for the deficiency and/or shortage?
February 25, 2021.

Will my escrow payment amount change from year to year?
It is highly likely it will change. The escrow payment amount is made up of your taxes and insurances for
the whole year, divided by 12. So if the the taxes and/or insurance premiums change the escrow payment
amount will change.

For information purposes only. 





























Ready to work with one of our Mortgage Team Members?

Our team of mortgage professionals are here to help answer questions and assist you in moving into the home of your dreams.

Contact us today


 NMLS #280545