Our experienced team works tirelessly to provide clients with a financial solution that best fits their unique circumstances. Our high-quality service combined with our dedication to finding the most competitive rates in your area are vital to our success in finding the right loan program for you. Whether you are purchasing your dream home, refinancing a current loan, or consolidating debt, our team will work with you every step of the way. At First Centennial Mortgage, our goal is to build lifelong relationships with our clients for many years to come.
You all were very helpful and very informative, you made my first home buying experience a breeze. Your team was excellent in returning my calls and emails promptly.- John B.
Everyone answered my questions and explained everything to me every step of the way. Following the progress of my loan through your app was nice. Very professional group of people who made the home mortgage process as painless as possible!- Karen F.
Calculate Your Loan
Need a few moments to crunch some numbers? Our easy-to-use calculator will help you get a basic visual of a mortgage payment to help you decide what you can afford.
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Types of LoansWhich type is right for you?
First Centennial Mortgage offers a full menu of loan products. Whether you are buying your first home, moving up to a nicer home, relocating or want to refinance your current home, we have a loan that will fit your needs. To get started, contact me online or call 830.431.3001 to get in touch.
Fixed-rate home loans are the most common type of home loan in the mortgage industry. This option is low-risk and gives you predictable monthly principle and interest (P&I) payments for the next 15 or 30 years, depending on which loan term you choose. Fixed-rate loans are reliable for long-term owners ready to settle in one place for a long period of time.
An adjustable rate mortgage (ARM) is ideal for borrowers who plan to move within five years. ARMs take advantage of a low "introductory" interest rate so the loan stays at the same rate typically for 5, 7 or 10 years. Once the introductory period expires, the interest rate changes with the movement of an "index" (major interest rate). Following this movement, the amount of monthly interest either increases or decreases.
Conventional home loans are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Conventional loans are idea for people with a stable job, income and good credit. Conventional home loans are more flexible in their terms and have fewer restrictions compared to government-backed products.
A construction loan is a short-term, interim loan to pay for the building of a house. As work progresses, the lender pays out the money in stages. Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate.
One-Time Close Construction Loans
The One-Time Close combines the interim construction and permanent financing into one loan transaction. This program has a number of benefits, including a single mortgage closing, reduced closing costs from the single-close transaction and the ability to lock the permanent financing rate prior to construction.
Federal Housing Authority (FHA) loans are government assured and are ideal for people with limited income or money for a down payment. These loans typically help first-time homebuyers, seniors or others with limits on what they can afford.
Jumbo home loans are considered non-conforming mortgages. They are for purchases with a loan value above the federal standard of $484,350, although that number varies based on location. For a home with a purchase price above this limit, a jumbo loan is needed.
Veterans Affairs (VA) home loans are a great benefit to military personnel during and after their service. These loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs.