Spring, TX -- (SBWIRE) -- 04/28/2015 -- The Texas Mortgage Pros, also known as AMCAP Mortgage-NHB, announces individuals may qualify for a houston mortgage loan in only ten minutes. Individuals must provide some basic information, such as their name, employment and assets to determine how much they qualify for. The process is easy and allows a potential home buyer to narrow down his or her housing options quickly and easily.

"Pre-qualification allows an individual to lock in their rate, and The Texas Mortgage Pros provides other tools to make the home buying process easy. One can make use of a mortgage calculator on the site to determine estimated monthly payments or read up on the different types of loans available. One may need a home purchase loan, yet another may benefit from a refinance loan and AMCAP Mortgage-NHB can be of assistance with all," Gerry Nicodemus, spokesperson for AMCAP Mortgage-NHB, explains.

Many potential homebuyers wonder how an FHA loan differs from a conventional loan. Regardless of which type of loan is selected, the borrower may choose from a fixed or adjustable interest rate, although conventional loan interest rates do tend to be higher, due to FHA loans being insured by the federal government. The credit qualification criteria are lower with an FHA loan, yet the Mortgage Insurance Premium is higher.

"The biggest difference between the two loans lies in the amount of down payment required. Conventional loans require a five percent down payment, but FHA loans only require a 3.5 percent down payment. In addition, the down payment for a home being purchased with an FHA loan may be provided by a friend or family member as a gift. Conventional loans don't allow for this. Be aware that only certain mortgage lenders may offer FHA loans," Nicodemus states.

For individuals wishing to purchase a custom home or one that is more expensive than the average residence, they will find they need to obtain a jumbo loan and make a higher down payment. Often, these loans will be referred to as non-conforming or super jumbo loans and are above $729,750. AMCAP Mortgage-NHB assists those home buyers looking to purchase a home in this price range.

"Don't hesitate to contact The Texas Mortgage Pros for home mortgage assistance. The agents happily work with clients to find the right loan product for their needs. The goal remains to help each client find a product which allows them to purchase their dream home at an affordable interest rate with reasonable loan terms. Everyone deserves the home or their dreams and The Texas Mortgage Pros works to help them obtain it," Nicodemus declares.

About AMCAP Mortgage-NHB
AMCAP Mortgage-NHB functions to provide clients with high quality service for all of their mortgage needs. Offering the lowest rate and multiple loan programs, the company works one-on-one with clients to ensure the home loan is tailored to meet their expectations and situation. The company continues to boast an A+ Accredited Business rating with the Better Business Bureau, allowing clients to feel comfortable working with this home loan provider.