El Paso Mortgage Companies
Ask for these specific loan officers as they have the most experience and tell them you are working with Yvonne Russell, Re/max Assoc.
Cheryl Montenegro Tri-State Mortgage Co. 915-474-1924
VA, FHA, Conventional (ask about Online application and deal of the day)
Lee Proctor, Gateway Mortgage Loans (915)269-6412
VA, Conventional, FHA
Rod White, Premier Nationwide Lending 915-203-0919
VA, FHA, Conventional
Why should you use a local lender?
Local Lenders are familiar with the local market. While larger banks may offer attractive incentives they may cost you in the long run. A local lender know the El Paso and Fort Bliss real estate market and understands that this market is not like others across the US. Many states are experiencing the impact of the recession in every area of their economies. El Paso and the surrounding area generally run 6 months behind the national economy and in the real estate market only slightly unaffected by the recession. When buying a home your lender will require, particularly if your loan is an FHA, an appraisal of the property you are buying. If you lender is not familiar with the local market his underwriter may not approve the home loan for its full value. For more information contact Yvonne Russell at (915) 873-8646 or use the contact page for comments or questions.
Understanding Mortgage Home Loans
When buying a home, it is best to understand how a home is financed.
When you know the amount of your down payment, and an estimate of the closing costs, and the mortgage amount for which you qualify, you will know how much home you can afford to buy.