Mortgage Loans In Pharr, Texas

Military personnel and their families, as well as veterans, can purchase their dream house by applying for a loan offered by the Department of Veterans Affairs. Unlike most typical home loan companies offering VA loans, we provide competitive mortgage rates and terms for our valued borrowers. We make this possible because of our intimate knowledge of the local market.

With our VA loan, you’ll enjoy zero down payments, no prepayment penalties, lower closing costs and less stringent credit requirements.   We have helped many Rio Grande Valley borrowers with their VA loan.  Contact us today for more info. 

Apply Now

Aspiring homeowners in the Rio Grande Valley who are earning low-to-moderate income can apply for a home loan insured by the Federal Housing Administration (FHA). An FHA Loan offers a low down payment (3.5 percent), which allows applicants to buy their dream home without getting over-extended.  

Another benefit of this government-backed mortgage option is its availability to aspiring homeowners with a less-than-stellar credit rating. You can qualify for this mortgage program with a credit score as low as 640.

Apply Now

This 30-year, fixed-rate home loan is for borrowers interested in buying a home in an eligible rural location. No need for a down payment when you apply for this type of government-backed mortgage. You also benefit from competitive interest rates guaranteed by the Department of Agriculture (USDA).

The credit guidelines are flexible, so if your credit rating is less than perfect, you may still qualify for this rural mortgage program.   If you’re interested in a USDA loan in the Rio Grande Valley, get in touch with our team today. 

Apply Now

Two of the conventional home loans Rio Grande Valley borrowers may consider are the fixed-rate mortgage and adjustable-rate mortgage (ARM).

Our fixed-rate home loan protects borrowers from unforeseen and potentially significant increases in their monthly mortgage payment. If interest rates rise, you’ll still enjoy the security of a fixed interest rate for 15 or 30 years, depending on your chosen term.

An adjustable-rate mortgage is a home loan that starts with a low rate, which translates to lower initial monthly payments. This mortgage option also offers flexible terms.

Not sure which loan program is best for you? Our knowledgeable loan officers will walk you through our mortgage programs and suggest an option that best suits your situation. Get in touch with PRMI Brownsville today by calling (469) 319-8291.

Apply Now