OUR MORTGAGE SOLUTIONS
Tailored to Meet Your Unique Needs
FHA Loans
Federal Housing Administration (FHA) Loans: These are government-backed loans aimed at helping low-to-moderate income borrowers qualify for a mortgage. They require lower minimum down payments and credit scores than many conventional loans.
VA Loans
Veterans Affairs (VA) Loans: These are mortgages guaranteed by the Department of Veterans Affairs. They are available to veterans, active-duty service members, and certain members of the National Guard and Reserves. VA loans often come with competitive interest rates, no down payment, and no private mortgage insurance (PMI) requirement.
USDA Loans
United States Department of Agriculture (USDA) Loans: These are zero-down-payment mortgages for eligible rural and suburban homebuyers. They are issued through the USDA Rural Development Guaranteed Housing Loan Program.
Conventional Loans
Conventional Loans: These are not insured or guaranteed by the government. They typically require higher credit scores, higher down payments, and come with more stringent income and debt requirements compared to government-backed loans.
DSCR Loans
Debt Service Coverage Ratio (DSCR) Loans: These are typically used for investment properties. The loan approval is based on the property’s income potential rather than the borrower’s income. The DSCR measures the property’s ability to cover its debt obligations.
Bank Statement Loans
Bank Statement Loans: These are designed for self-employed borrowers who may not have traditional income documentation. Instead of tax returns, lenders use the borrower's bank statements to determine their income and ability to repay the loan.
Fix & Flip Loans
Fix & Flip Loans: These are short-term loans used to purchase and renovate a property with the intent to sell it for a profit. They often have higher interest rates and shorter terms compared to traditional mortgages.
ITIN Loans
Individual Taxpayer Identification Number (ITIN) Loans: These are for borrowers who do not have a Social Security number but have an ITIN. They are typically used by non-citizen residents in the U.S. to secure a mortgage.
Foreign National Loans
Foreign National Loans: These are mortgages designed for non-U.S. citizens who want to purchase property in the United States. These loans usually have different qualification standards and may require larger down payments.
Hard Money Loans
Hard Money Loans: These are short-term, high-interest loans secured by real estate. They are often used by real estate investors for quick financing, renovation projects, or other short-term investment opportunities. Approval is based more on the property’s value rather than the borrower’s creditworthiness.
We provide diverse mortgage loan programs through our network of lending partners to cater to those seeking residential property financing. Our rates are competitive, and our team of local experts has over 15 years of industry experience to provide you with peace of mind.
Let's connect and schedule a meeting to turn your dreams into reality.
I AM NOT JUST A MORTGAGE LOAN OFFICER, I AM YOUR PARTNER.
Dr. Jacob Wiley
OUR SIMPLIFIED MORTGAGE PROCESS
Take a look at our loan process and experience how effortlessly we guide you through it!"
1. PRE-APPROVAL
A loan pre-approval sets you up for a smooth home buying experience and gives you an idea of how much house you can afford. This will narrow down your search and save time. Apply now to begin working on your pre-approval.
2. HOUSE SHOPPING
Once you’ve been pre-approved, it’s now time to start working with your Realtor and viewing homes.
3. APPLY FOR MORTGAGE
A few documents are needed to get a loan file through underwriting. Some of the information will be gathered online or over the phone.
4. OPENING THE FILE
Loan processors gather documentation about the borrower and property, review all information in the loan file and assemble an orderly and complete package for the underwriter.
5. UNDERWRITING
The underwriter is the key decision-maker. They closely evaluate all the documentation prepared by the loan processor in the loan package.
6. CLOSING
Documents (everyone in the mortgage industry calls them loan docs) are drawn, meaning they are printed out and sent to the title company (or attorney's office) where the closing meeting takes place. You can expect a big stack of papers.
MEET DR. JACOB WILEY
With the right real estate agent, you can rest assured that you're in good hands. Someone who is committed to providing you with the highest level of expertise in your local market, helping you navigate the complex buying or selling process. As an experienced agent, I have a proven track record of delivering results and going above and beyond for my clients.
What drives me in this business is the satisfaction of helping people achieve their real estate goals. You can trust that I will always have your best interests at heart, and I'll work tirelessly to ensure you get the best possible outcome. With my deep knowledge of the market and my honest, trustworthy approach, you can be confident that you're in good hands.
Whether you're a seasoned investor or a first-time buyer, I have the expertise and resources to help you find the property of your dreams. Let me put my knowledge and experience to work for you, and together we'll make your real estate goals a reality.
Get in touch with me, and we can arrange a meeting to turn your dreams into reality.
GET IN TOUCH WITH ME
NAVIGATE OUR WEBSITE
DR. JACOB WILLEY
Dr. Jacob Wiley is someone who is committed to providing you with the highest level of expertise in your local market, helping you navigate the complex buying or selling process.
CONTACT
Jacob Wiley NMLS#2391831
(956) 478-0700
(956) 422-5780
3300 N. McColl Rd. St. PQ
McAllen Texas 78501
LEGAL
Jacob Willey NMLS#2391831
MR. Mortgage NMLS#2190447
