Loan Options:

Jumbo Loans: These loans have higher loan limits that help you purchase high-value Property. Low down payments are possible. *Limited Availability in some areas

New Construction Loans: When you're having trouble finding a home with everything you want, you could opt for a new construction loan in Plano and surrounding areas. 

First-Time Homebuyer: The first house you buy can affect your financial health for the rest of your life. If your starter home is more expensive than you can afford, you could be saddled with debt for decades. It would be difficult to buy a permanent home where you can raise your family in comfort. Be smart and seek a viable first-time homebuyer loan!

Home Loan: Texas A&M University's Real Estate Center Reports that the median price of a single family in Dallas- Fort Worth Area is $255,000. You do not need to have $45,000 (for a down payment) in the bank before buying a home. 

Low Credit Loan: home ownership is a privilege that comes easier to people with high credit scores, and who can afford a down payment for a house. Those with lower credit scores still have hope. However, if your credit score is below 600 you might qualify for a low credit home loan. 

Refinance: Financial circumstances can change over the course of a mortgage term. If your income is lower than when you first bought your home, you might want to reduce your monthly payments. We'll help you adjust your mortgage terms to a more affordable payment schedule. *

When it comes to refinancing your home loan, you can generally reduce your monthly payment amount; however, total finance charges, may be higher over the life of your mortgage loan.

VA Loans: Help make homeownership more attainable for veteran and military service members. The loans are federally insurance and available with no downpayment. *Plus, they do not require private mortgage insurance *

VA home loan purchases, have options for 0% down payment, No private mortgage Insurance requirements, competitive interest rates, with specific qualification requirements. VA Interest rate reduction loans (IRRRL) are only for Veterans who currently have a VA loan, current loan rate restrictions apply, and limits to recoupment of costs and fees apply. VA Cash-out Refinances are available for Veterans with or without current VA loans. Policies and guidelines may vary and are subject to the individual borrower(s) qualification. Program and Lender overlays apply.

FHA Loans: comes with low downpayment options, and lenient credit requirements.  These federally insured loans are designated to help more people achieve their homeownership goals. 

USDA Loans: are government insured loans that help people purchase homes in rural areas. These loans are often available with low or no downpayment. *Closing cost fees may still apply. 

Conventional Loans: offer affordable rates and flexible downpayment options. 

 

 

 

Local Specialists, National Resources

When you work with our Primary Residential Mortgage, Inc. team, you get to work with people who live in your community and know your area well. We’re your neighbors, and we’re passionately invested in your success and the future of our community. We truly want to get to know you and help you today as well as years down the road.

And while you get the benefit of working with locals, you also get the perks of working with a nationwide company with the resources to provide a huge selection of loan options so you can choose the right one for your specific needs.

Recent Blogs

View All
couplepickingoutcolors_hero-34-template-a-homepage-news-list-area_-455x285

Whether you’re a first-time buyer or a seasoned real estate investor, getting the best mortgage rate possible is a vital consideration. At Primary Residential Mortgage, it’s our goal to get the best available option for you and your family.

Read More about Learning FHA Loan Benefits
house_hero-34-template-a-homepage-news-list-area_-455x285

With numerous programs out there meant to help buyers get the perfect mortgage situation for them and their families, it can be easy to forget about the simplest loan type out there: The conventional loan. This is the traditional loan many people think about when they first consider a mortgage, and it can be found in both fixed- and adjustable-rate formats.

Read More about Advantages of Conventional Loans

Customer Reviews

Overall Rating:

171 Review(s)
4.91
Meredith Mills M April 18, 2023
He was thorough and had us prepared for any requirements that came our way. We felt confident we were taken care of.
Jennifer S February 16, 2024
Excellent service, I had some personal bumps along the way but Eric walked me thru them and we were able to get it resolved. Finally was able to complete the refinancing process. Highly recommend Eric!!! The closing was excellent, we would gladly work with the whole PRMI team again.
Sally Parker-Ryan January 4, 2024
Take your business elsewhere. My experience with this company, and with a mortgage broker - Byron Davis - in particular, was terrible. Davis mislead me regarding a government assistance program to help with the down payment. He told me it was a forgivable loan, as long as I stayed in the property for 3 years min. I double checked all of this with him. However, it turned out that in the flurry of all the paper signing, I signed up for a NON-forgivable loan, and am now on the hook to repay. I may not have gone with PRMI for my mortgage if I had known this loan was no, in effect, a grant. I'm now in hock for more than I expected to be. Davis tried to tell me that I had actually agreed to this with him, which is completely false as I would have remembered that. Why would I agree to go further into debt than I needed to? I had no real need for the DP loan; only took it as Davis, again, assured me it was forgivable. Byron Davis was not great to work with at any rate. If you are a woman, he will treat you with condescension, talk over you, and assume you are stupid. He failed to return calls and messages, and basically behaved like a bully all the way through. Take my advice: you can find someone better than this broker, and this company.
Earl M J January 3, 2024
your people are the best to work with Jay.
Reply from Jay Atterstrom: I'm genuinely thrilled to hear your positive feedback, Earl! It's always my goal to provide the best possible service here at Primary Residential Mortgage, Inc. It was a pleasure to work with you, and I look forward to any future opportunities where I can assist you. Thanks for the 5-star rating!
Darrien Robertson December 31, 2023
The best!!!!! The entire team is phenomenal!! Great service