WHO WE ARE
At Smart Money Lending, we believe achieving your dreams can be possible. We are committed to helping you find the best option when refinancing your home. Our experienced loan officers and underwriters will work diligently from eligibility to loan closing and everything in between. Ensuring your comfort and security with every step of the process. As a VA lender, Smart Money Lending proudly serves veterans with our VA loan option.
Our loan officers will guide you through the steps and information to find the best loan option suitable for you. Through excellent communication and a detailed approach, we make our borrowers comfortable and confident. Our in-house underwriters work closely with our loan officers for a smooth loan fund until closing. We value our clients and we are focused on the achievement of the American Dream.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low-interest rates and no down payment requirement.
FHA home loans are mortgages that are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
A Jumbo mortgage is a plus-size home loan weighing in at a dollar amount above what are called the conforming loan limits for any mortgage more than $453,100.
A conventional/conforming loan is especially good for first-time borrowers with decent credit and some amount of down payment. The minimum accepted credit score for most conventional loans is 620.
The loan will be paid off in 15 years with less interest because the course of payment is shorter.
Borrowers pay off the mortgage in 30 years. Interest will be more over the life of the loan compared to a 15-year fixed, BUT monthly payments will be lower.
A non-QM loan is not inherently high-risk, nor is it subprime. It is simply a loan that doesn’t fit into the complex rules associated with QM.
2325 Brenda Ln,
Keller, TX 76262