Loan Programs

The following is a partial list of programs offered by Asset Mortgage with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 713-869-5550 .

These materials are not from HUD or FHA and were not approved by HUD or a government agency.


Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.


This is a loan which carries a second mortgage for up to 15% of the purchase price of the property. It is usually used when wishing to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 15% of the purchase price. Other variations are 80/10/10 or 75/15/5.

Jumbo Loans

Offers 30 and 15 year fixed rate mortgage and competitive ARM products. Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty. Currently loan amounts greater than $417,000.

Investor Loans

Used to finance 1-4 family properties that will be for investment with as little as a 20% down payment.

FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment . Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

VA Mortgages

Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person. VA loan amounts can be up to 100% of purchase price.

Home Equity

Available to Texas homeowners since January 1, 1998, these loans enable you to utilize the equity in your home for any reason, but most commonly to consolidate higher consumer debts, pay education or medical bills, or make other investments such as stocks, rental property, or a second home. These loans do not have prepayment penalties, but you are limited to one such loan at a time. Under the Cash-Out Refinance program, you refinance your existing mortgage and add a “cash-out” amount up to a total of 80% of the appraised value of your home.