Discover the Best Home Loan Option for Your Needs

Wes Bailey, Texas Loan Doctor educates his clients on viable mortgage options so they can explore better ways to finance their homes. He goes above and beyond to make sure you get ideal terms that work for your unique home financing needs, helping you secure your dream home in the safest and fastest way possible.

Adjustable Rate Mortgages (ARM)

This type of loan includes interest payments that shift during the loan’s term, which can depend on current market conditions. It also carries a fixed-interest rate which stays unchanged for a set period of time.

couple planning to renovate

Conventional or Conforming

Save money in the long run with a conventional loan that comes with cheaper monthly payments. We offer conventional home loans with as little as 3% down, ensuring a convenient, cost-effective way to finance your property.

Fixed-Rate Mortgages (FRM)

The traditional fixed-rate mortgage is the most common type of loan option. It includes monthly principal and interest payments which do not change during the loan’s lifetime.

Doctor Loans

These mortgages are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment. FHA loans are also the most lenient with debt-to-income ratios, which is favorable to buyers with credit scores as low as 500 FICO.

Self Employed and high networth borrowers

Loans with bank statements and stated income available for self-employed borrowers or borrowers no longer working but have high networth/non-traditional income. 

key house

Reverse Mortgage

Also known as a reverse purchase loan, this mortgage allows seniors to convert a portion of their home equity into cash while still living in the property. The borrower will be required to pay for property taxes, home insurance, and home maintenance all while enjoying the benefits of having liquid cash whenever needed. Should the borrower break loan terms, however, the balance of the loan will be due.

Construction and Renovation

In addition to Fannie Mae Homestyle and FHA 203K renovation loans, we also have portfolio loans that benefit realty owners and contractors. These loans help borrowers build new and renovate old properties with ease.

FHA Loans

These mortgages are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment. FHA loans are also the most lenient with debt-to-income ratios, which is favorable to buyers with credit scores as low as 500 FICO.

VA Loans

The United States Department of Veteran Affairs (VA)  guarantees these mortgages to help veterans, reservists, and surviving spouses to purchase a home with no down payment. The program also allows for certain improvements to be included in the original loan amount, giving you more flexibility than other types of mortgages. Plus, you save on your monthly mortgage payment without the need for private mortgage insurance (PMI).

couple planning

HARP 2.0

Home Affordable Refinance Program (HARP) 2.0 is a refinance option for homeowners that are “underwater”. This means they owe an amount bigger than that of their home’s value.

Hybrid Adjustable‑Rate Mortgages (ARM)

Also known as fixed-period mortgages, this loan combines the features of both fixed-rate and adjustable-rate mortgages. Borrowers can receive terms of either 3/1, 5/1, 7/1, or 10/1.

Interest-Only Mortgages

For this mortgage, borrowers make monthly payments to pay only for the interest accrued. This setup is perfect for borrowers who are disciplined enough to make periodic principal payments.

Loans for Special Situations

We are trusted for finding viable loan options for homebuyers with recent foreclosure or bankruptcy, low credit scores, and undocumentable income. We also cater to borrowers who purchase properties in condominium buildings and rural properties.

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Reverse Purchase Loan

Common Uses

  • Debt Payment
  • Delays in the Receipt of Social Security Benefits
  • Funds for Medical Bills and Prescriptions
  • Home Repairs and Modifications

Features and Benefits

  • Tax-Free Proceeds
  • Multiple Ways to Receive Loan Proceeds
    • Line of Credit (LOC)
    • Lump-Sum
    • Tenure Payment
    • Term Payment

Borrower Qualifications

  • 62 Years or Older (a Nonborrowing Spouse May Be Under 62)
  • Home Must Be and Remain the Borrower’s Primary Residence
  • Borrower Must Own the Home
  • Borrower Must Meet the Financial Requirements of the HECM Loan


If you qualify and your loan is approved, an HECM reverse mortgage must pay off your existing mortgage(s). With an HECM reverse mortgage, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial).

We do not establish an escrow account for the disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must also occupy the home as the primary residence and pay for ongoing maintenance. Otherwise, the loan becomes due and payable.

The loan becomes due and payable when the last borrower, or eligible nonborrowing surviving spouse, dies, sells the home, permanently moves out, or defaults on taxes and insurance payments, or does not comply with loan terms.

A Reverse Mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan).

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

Get Started Today The Doctor is In!

To schedule a free consultation, reach out to the Texas Loan Doctor today!