FHA loans are government-backed mortgages designed to help first-time homebuyers and those with lower credit scores secure affordable financing. With lower down payment requirements (as little as 3.5%) and more flexible credit guidelines, FHA loans make homeownership more accessible. They also offer competitive interest rates and the option for seller-paid closing costs. If you're looking for a budget-friendly path to buying a home, an FHA loan could be the perfect fit!
Debt Service Coverage Ratio (DSCR) loans are designed for real estate investors looking to qualify based on rental income rather than personal income. These loans focus on a property's cash flow, making them ideal for investors who may not meet traditional income verification requirements. With flexible terms, no tax return requirements, and higher loan limits, DSCR loans provide a hassle-free way to grow your investment portfolio!
Conventional loans are a popular mortgage option for borrowers with strong credit and stable income. They offer competitive interest rates, flexible terms, and down payments as low as 3% for qualified buyers. Unlike government-backed loans, conventional loans don’t require upfront mortgage insurance if you put down at least 20%. Whether you're buying a home or refinancing, conventional loans provide a cost-effective path to homeownership!
Jumbo loans are designed for homebuyers in Florida looking to finance high-value properties that exceed conventional loan limits. With flexible terms & competitive rates jumbo loans make it possible to purchase luxury homes or high-priced real estate. While they typically require strong credit and a larger down payment, they offer the financing needed for premium properties in Florida’s competitive market!
Refinancing can help you lower your interest rate, reduce monthly payments, or tap into your home’s equity. Whether you're looking to save money, shorten your loan term, or access cash for other financial goals, we’ll find the best refinance solution for you!
VA loans offer zero down payment, competitive interest rates, and no private mortgage insurance, making homeownership more affordable for eligible veterans, active-duty service members, and their families. Backed by the U.S. Department of Veterans Affairs, VA loans provide flexible qualification requirements and lower closing costs. Thank you for your service—let us help you secure the home you deserve!
Ed Fussell NMLS #309042
Mercantile Mortgage Corporation, a div of Bankers Residential Mortgage Corporation
NMLS #1657876
Mercantile Mortgage
1401 N. CENTRAL EXPRESSWAY SUITE 100
Richardson, TX 75080
Company Phone:
(972) 661-9988
Operation Manager Cell:
(972) 333-9914
Bankers Residential Mortgage Corporation DBA Mercantile Mortgage Corporation is an equal housing lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved. Contact us for details. Consult your accountant about tax deductions.
complaints.or.concerns@MercantileMortgage.com
NMLS Consumer Access http://nmlsconsumeraccess.org/
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
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