Mega Mortgage of Texas

Mortgage Lender serving Magnolia, TX

About Mega Mortgage of Texas

Mega Mortgage of Texas is a dedicated mortgage broker based in Magnolia, TX, specializing in guiding borrowers through the complex home loan process, particularly within the Texas market. Their mission is to "create clarity and remove anxiety" for clients seeking mortgage financing, leveraging extensive experience to provide tailored advice and efficient in-house loan processing.

The firm distinguishes itself with a strong focus on various construction loans, including unique "Owner Builder Construction Loans" which are traditionally challenging to secure. They also offer a comprehensive suite of residential financing options such as Jumbo, Reverse, Refinance, Cash-Out Refinance, and Rental Investment Purchase loans. Mega Mortgage of Texas is adept at identifying suitable lending partners for diverse borrower needs, even for niche and demanding loan scenarios.

With a commitment to personalized service, Mega Mortgage of Texas assists clients from initial planning and credit assessment through to closing. They provide detailed guidance on loan estimates, disclosures, and appraisal processes, ensuring transparency. Their expertise in navigating the intricacies of Texas mortgage lending, combined with a client-centric approach, aims to deliver optimal terms and a smoother loan experience.

Company Information

Lender Type: Mortgage Broker
Headquarters: Magnolia, TX

Licensed In

TX

Digital Capabilities

Online Application
Digital Document Upload

Home Loan Products

Owner Builder Construction Loan

Loan Types:
ConstructionRefinanceInterest-OnlyConventionalJumbo
Rate Types:
Fixed RateAdjustable Rate (ARM)Interest-Only
Property Types:
Single-Family HomeInvestment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
Self-EmployedBusiness OwnerW-2 Employee1099 Contractor
Income Verification:
Full Documentation
Available Terms:
30 years
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)
10%
Min Down Payment
90%
Max LTV
640
Min Credit Score

Traditional Builder Construction Loan

Loan Types:
Construction
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorBusiness Owner
Income Verification:
Full Documentation
Available Terms:
15 years20 years30 years
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)
10%
Min Down Payment
90%
Max LTV
640
Min Credit Score

Jumbo Loan Programs

Loan Types:
JumboRefinanceCash-Out RefinanceVA
Rate Types:
Fixed RateAdjustable Rate (ARM)Interest-Only
Property Types:
Single-Family HomeCondoTownhouse
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Special Programs:
Veteran Program
Available Terms:
15 years20 years30 years
Credit Tiers:
Good (680-739)Excellent (740+)
10%
Min Down Payment
90%
Max LTV
660
Min Credit Score

Home Purchase Loan

Loan Types:
ConventionalFHAVAUSDAJumbo
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Special Programs:
First-Time Homebuyer
Available Terms:
15 years30 years
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)

Home Refinance Loan

Loan Types:
RefinanceCash-Out RefinanceHome Equity LoanHELOC
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Available Terms:
15 years20 years30 years
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)

Reverse Mortgage Loan

Loan Types:
Reverse Mortgage
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
Retired
Income Verification:
Full Documentation

Rental Investment Property Loan

Loan Types:
ConventionalPortfolio
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Investment PropertyMulti-Family (2-4 units)
Occupancy Types:
Investment Property
Employment Types:
InvestorBusiness OwnerSelf-Employed
Income Verification:
Full Documentation
Available Terms:
15 years30 years
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)

Commercial Loan Products

Spec Construction Loan

Loan Types:
Commercial Construction
Property Types:
RetailIndustrial/WarehouseMultifamily (5+ units)Office
Industry Focus:
Residential Construction

Contact Information

5327 FM 1488
Magnolia, TX 77354
US
Mailing Address:
5327 FM 1488, Suite F220 Magnolia, TX 77354

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Business Information

Category: Mortgage Lender
Location: Magnolia, TX
Status: Standard
Type: Mortgage Broker
Profile Views: 0

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