Jumbo Mortgage Loan
Whether you're buying a home in a high-cost area or refinancing your existing jumbo loan, our Home Loan Heroes are ready to pave the way.
The Home Loan that Lets You Dream Big:
- Fixed and variable rates available
- Loans from $806,501 to $4 million
- Credit scores as low as 700
- Down payment as low as 5%
- Debt-to-income ratio (DTI) up to 43% for loans under $1 million; 41% DTI for loans over $1 million
- Terms of 15, 20, or 30 years
- Loans for primary residence only
Manufactured Home Loans
- Offer the same rates and terms as standard conventional and refinance loans
- Used for double-wide units only
- Have a 10-acre maximum
For a manufactured home to be eligible for financing, it must meet local and state requirements for utilities and septic/sewer, as well as be anchored to a foundation. Our Home Loan Heroes are standing by to answer your questions. If you’re ready to begin the process, start your application today!
Apply for a loan Calculate Your Payment
1 Rates listed for Manufactured Home Loans are based on a credit score of 780+, a minimum loan amount of $100,000 with a loan-to-value of no more than 80% and are for an owner-occupied, single-family residence. No cash out, qualifying debt ratios, credit, and a 30-day lock.
2 APR = Annual Percentage Rate. Rates effective 6/16/2025.
Land and Unimproved Property Loans
You've found the perfect plot of land. Whether you plan to build immediately or hold onto it, Texell can help you secure the funding you need. Our $10,000 minimum land loans:
- Secure your land now, build in the future
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Low, fixed rates1 with credit scores as low as 620
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Down payment as low as 20%
- Debt-to-income ratio as high as 45%
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Minimal closing costs and gift funds allowed if building a home in the future
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No escrow and minimum loan amount of $10,000
1 These examples are based on a 80% LTV and a 780 or higher FICO score.
Rates are subject to change without notice and may vary depending upon credit history, loan programs, and loan terms. Rates are quoted on a 30-day lock option.2 APR = Annual Percentage Rate. Rates effective 6/16/2025.
Investment Property Loan
Adding a property to your investment portfolio is a big decision, whether you are buying for long-term rental income or wanting to flip quickly and sell for a profit. When you’ve found the property that meets your financial goals, Texell is ready to help you unlock the door.
- Available for a new purchase, refinance, and refinance with cash out
- Terms from 10 to 30 years
An investment property is a purchase not intended to be your primary residence. This type of loan generally has a higher rate and down payment requirement than a conventional purchase. At Texell, we work to get you the best rate and term for your purchase.
Apply for a loan Calculate Your Payment
1 Rates listed for Investment Property Loans are based on a credit score of 780+, a minimum loan amount of $100,000 with a loan-to-value of no more than 80% and are for a single-unit investment property. No cash-out, qualifying debt ratios, credit, and a 30-day lock.
2 APR = Annual Percentage Rate. Rates effective 6/16/2025.
Frequently Asked Questions:
What qualifies as a Jumbo Loan?
A mortgage is classified as a Jumbo or non-conforming loan when it exceeds the maximum conventional loan (conforming limits). Currently, the Texas limit is $766,550.
What are the requirements for Jumbo Loans?
- Minimum 700 credit score
- Loan-to-value ratios from 55% to 95%
- Maximum loan amounts range based on loan-to-value ratios and credit score, not to exceed $4,000,000.
Can I use a Jumbo Loan for investment property or a non-primary residence?
Yes, you can use a Jumbo loan for a 1–4 unit primary residence and a single-unit second home. Our Home Loan Heroes can provide more details for your specific purchase.
What is a fixed-rate mortgage?
A fixed-rate mortgage is a type of mortgage that has a fixed interest rate that does not fluctuate with market rates. Typically, fixed-rate mortgages refer to a "30-year fixed" loan, where the interest rate and payment will remain the same for 30 years.
What is the difference between the interest rate and the annual percentage rate?
The interest rate is the amount you will pay every year on your mortgage loan expressed at a percentage rate, and does not include any additional fees associated with your loan. The Annual Percentage Rate (APR) includes the interest, plus any other charges related to your mortgage loan, such as closing costs. For this reason, the APR is usually higher than the interest rate.
What is Private Mortgage Insurance?
Private Mortgage Insurance (PMI) is generally required for a conventional mortgage loan with a down payment less than 20%, or if you refinance and your home's equity is less than 20%. This insurance policy is an additional cost to your monthly mortgage payment and protects the lender if you stop making your mortgage payments. PMI is not a permanent cost and may be removed when you have at least 20% equity in your home or the property financed.
Can my mortgage loan be sold?
It depends on your mortgage loan. Texell has options for loans that will not be sold to another lender. Ask your mortgage loan officer for the loan that best meets your needs.
How do I know what loan is best for my family and me?
This is a complex question, and it depends on several factors. Contacting one of our mortgage loan specialists is the best avenue to understand your options. For more information, contact Texell Home Loans at 254.774.5104 or email Mortgage@Texell.org.
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