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U.S. Bank area servedDallas, TX 75254
jeff.teague@usbank.com
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Primary location
U.S. Bank area servedSocial platforms
214-245-1042
817-832-8791
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The mortgage rates shown below assume a few basic things, including:
Rates are current as of .
See rates for other states.
Term | Rate | APR | Monthly Payment | Points |
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15-year fixed | ||||
10-year fixed |
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7/1 | ||||
5/1 |
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7/1 Jumbo | ||||
5/1 Jumbo |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - FHA |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - VA |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - jumbo | ||||
20-year fixed - jumbo | ||||
15-year fixed - jumbo |
Mortgage Area Manager
NMLS# 192013
214-245-1042
214-245-1042
817-832-8791
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyThe mortgage rates shown below assume a few basic things, including:
Rates are current as of .
See rates for other states.
Term | Rate | APR | Monthly Payment | Points |
---|---|---|---|---|
30-year fixed | ||||
20-year fixed | ||||
15-year fixed | ||||
10-year fixed |
Term | Rate | APR | Monthly Payment | Points |
---|---|---|---|---|
10/1 | ||||
7/1 | ||||
5/1 |
Term | Rate | APR | Monthly Payment | Points |
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10/1 Jumbo | ||||
7/1 Jumbo | ||||
5/1 Jumbo |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - FHA |
Term | Rate | APR | Monthly Payment | Points |
---|---|---|---|---|
30-year fixed - VA |
Term | Rate | APR | Monthly Payment | Points |
---|---|---|---|---|
30-year fixed - jumbo | ||||
20-year fixed - jumbo | ||||
15-year fixed - jumbo |
Mortgage Area Manager
NMLS# 192013
214-245-1042
214-245-1042
817-832-8791
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyUse our mortgage calculator to help you better understand your home financing options.
Mortgage Area Manager
NMLS# 192013
214-245-1042
214-245-1042
817-832-8791
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyMortgage Area Manager
NMLS# 192013
214-245-1042
214-245-1042
817-832-8791
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyGet answers to your questions regarding home financing, refinancing and more.
A jumbo loan is a non-conforming loan for single-family homes with loan amounts greater than $726,200. In certain high cost areas, such as Alaska and Hawaii, the conforming limit is up to $1,089,300. To qualify for a jumbo mortgage loan, you must meet the established guidelines for credit score, income and other personal financial information.
Jumbo loans are mortgages that exceed conforming loan limits. The limit on conforming loans is $726,200 in most areas of the country, but jumbo mortgages can exceed these limits. The limit can be as high as $1,089,300 in certain high cost areas, including Alaska and Hawaii.
A VA jumbo loan is a Veterans Affairs (VA) loan that exceeds the conforming loan limit of $726,200 and up to $1,089,300 in high-cost areas such as Alaska and Hawaii. If you’re an active-duty service member, veteran or eligible surviving spouse, and you meet the income and credit requirements, a VA jumbo loan could be an option for you.
An adjustable-rate mortgage (ARM) is a home loan with an interest rate that adjusts throughout the life of the loan based on the market. The initial set rate period is typically three to 10 years. After the introductory rate term expires, the estimated payment and rate may change. An increase or decrease depends on the market conditions at the time of the conversion to the variable rate and during the adjustment period thereafter. An ARM loan could be a good option if you plan to sell within a few years.
With an adjustable-rate mortgage (ARM) loan the initial interest rate is fixed for a set period and then becomes variable, adjusting every year for the remaining life of the loan. For example, a 10/1 ARM has a fixed rate for the first 10 years and an adjustable rate for the remaining duration of the loan. To learn more about how ARM loans work, connect with your mortgage loan officer.
Yes, as with most any existing mortgage loans, an existing ARM loan can be refinanced upon credit approval. There are several potential benefits to refinancing a mortgage , such as changing terms, lowering monthly payments, getting access to cash for major purchases and reducing your interest rate. Your mortgage loan officer can help you find the right choice for your needs.
A fixed-rate loan is one of the most common types of home loans. Benefits include a consistent rate, predictable monthly principal and interest payments and a flexible down payment. If you have good credit and a low debt-to-income ratio (the ratio of total monthly debt payments – not including utilities, cell phone or cable service – compared to gross monthly income), a conventional fixed-rate loan may be a good option for you.
A fixed-rate loan is a type of loan that comes with an interest rate that won't change for the life of the loan. Check out today’s rates for a conventional fixed-rate loan or compare mortgage rates for a variety of loan options. Connect with your mortgage loan officer to learn more about how fixed-rate loans work.
Monthly principal and interest payments on a conventional fixed-rate mortgage remain the same for the life of the loan, making it an attractive option for those who plan to stay in their home for several years. With an adjustable-rate mortgage (ARM) the interest rate may change periodically, based on a pre-determined index, for example the U.S. Treasury, and margin set by the bank. The initial interest rate is fixed for a set period, typically three to 10 years depending on the loan product, and then becomes variable. An increase or decrease depends on the market conditions at the time of the conversion to the variable rate and during the adjustment period thereafter. This may be a good option for those who plan on moving within a few years. Consider the benefits of each to determine which makes the most sense for your situation.
To qualify for a mortgage loan when self-employed, you’ll need to fill out the same application and meet the same requirements as regular salaried or hourly workers with a W-2 from their employer. The difference is that, you’ll also need to provide some additional documentation, which may include two years of employment verification and income documentation.
To calculate your monthly income, you’ll average your adjusted gross income (total income minus deductions) from the last two years of tax returns. Take your adjusted gross income from each form, add the two numbers together and divide by 24. While there are several factors that determine your eligibility, this simple equation will provide a rough estimate of the amount your mortgage lender will use for consideration of a mortgage loan.
To qualify for a mortgage loan when self-employed, you should be prepared to meet a variety of qualifying factors that can include credit score, down payment and debt-to-income ratio. You can strengthen your ability to qualify by taking steps to build and maintain a solid credit history and score prior to applying for a loan. If you’re a current U.S. Bank customer, you can monitor your credit for free with our tool. Getting a home loan when you’re self-employed is certainly possible, but you must be prepared for a slightly different mortgage process.
A physician loan is a mortgage designed for Doctors of Medicine (MD) and Doctors of Osteopathic Medicine (DO). They offer low down payment options and relaxed debt-to-income ratios. Another benefit is that they don’t require private mortgage insurance (PMI).
Physician loans are available to recent medical school graduates, new doctors or residents. They often have more flexible lending requirements regarding down payment, debt-to-income ratio and private mortgage insurance (PMI). To be eligible for a physician loan, the property must be your primary residence. Second homes and vacation homes do not qualify. To learn more about how physician loans work, connect with your mortgage loan officer.
No. Physician loans differ from conventional loans in several ways. Physician loans don’t require private mortgage insurance (PMI), they’re flexible with debt-to-income ratios and they typically will accept a signed contract as employment verification.
Mortgage Area Manager
NMLS# 192013
214-245-1042
214-245-1042
817-832-8791
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
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