In the market for a new home? Are you ready to make a move? Or are you looking to refinance your mortgage? Whether you’re a first-time homebuyer, looking to downsize, or you’re ready to buy that vacation home you’ve been looking for, we are ready to help you qualify for the personal home loan you need. TPFCU offers Mortgage Loans by High Plains Home Lending, Your LOCAL, Trusted Partner for Home Financing in the Texas Panhandle!
Home Mortgage Loans in Amarillo, TX
If you’re in the market for a new home or looking to refinance, look no further than High Plains Home Lending! As a new Credit Union Service Organization (CUSO), High Plains Home Lending is a partnership between The People’s Federal Credit Union, Access Community Credit Union and Texas Plains Federal Credit Union. This partnership means we can offer a full range of personalized mortgage solutions with a team of local experts to guide you through the process.
Tailored Mortgage Solutions
Whether you’re a first-time homebuyer or refinancing your current home, we offer a wide range of flexible mortgage options, including conventional, FHA, VA, and USDA loans. Our team of local experts is here to guide you through every step of the process, ensuring you get the best loan for your needs.
Locally Owned and Operated
We’re proud to be part of the Texas Panhandle community. We know the local market inside and out and are dedicated to helping our neighbors achieve their homeownership dreams. With fast, local decision-making, you won’t have to worry about delays or out-of-state calls. High Plains Home Lending is a partnership between Texas Plains Federal, The People’s FCU and Access Community CU.
Low Rates & Flexible Terms
At High Plains Home Lending, we’re committed to providing some of the most competitive mortgage rates available. With our low-cost options and flexible terms, we’re confident that we can find a solution that works for your budget.
Expert Guidance & Personalized Service
Our team is more than just a mortgage provider – we’re your partner throughout the entire process. From application to closing, we’ll offer expert advice and help you navigate the complexities of home financing. No more confusing jargon or impersonal service – just honest, transparent support.
A Better Way to Home Financing
At High Plains Home Lending, you’re more than just a member number. As a valued member of our credit unions, you have access to the best rates, resources, and support. Our members are at the heart of everything we do.
Mortgage Loan Comparison
Choosing the mortgage with the right monthly payment and refinance rate can be tricky. Comparing the most common types of mortgage loans can help you decide which better suits your financial status and needs.
Type of Mortgage Loan |
Traditional |
FHA |
VA |
USDA |
Conventional |
Rate |
Fixed |
Fixed |
Depends on lender’s product prices |
Fixed |
Fixed |
Down payment minimum |
10% |
3.5% |
0% |
0% |
3% |
Specific requirements |
Limited credit history allowed.
Requires mortgage insurance. |
Only available to service members, veterans, and eligible surviving spouses. |
Only caters for primary residence properties. Borrowers must meet property and income eligibility criteria. |
Mortgage Loan Financing
Contact us today to learn more about our mortgage financing through High Plains Home Lending or click the button below to create an account and submit a mortgage loan application.
The Benefits of Borrowing with TPFCU
At our Amarillo, Texas credit union, our mortgage loans come with several advantages:
- Competitive Rates: Save money over the life of your loan with our lower rates.
- Flexible Loan Terms: Choose from various terms that fit your budget and financial plans.
Personalized Service: Our experienced loan officers guide you through every step, from application to closing.
FAQs
The best mortgage loan depends on your credit score, financial status, and the kind of home you’re looking to buy. One way to determine the most affordable home loan is to use a monthly loan payment calculator to assess whether or not you’ll be able to afford the terms of the loans you’re interested in.
Home loans are approved on a case-by-case basis. If you’re looking to buy a home, your best bet would be to contact a mortgage loan officer at an accredited credit union or mortgage provider and discuss your options and the requirements you need to fulfill to qualify for a loan.
Yes, your credit history will affect your ability to get approved for a home loan and may require you to make extra payments to secure your home. However, we have numerous options available that cater even to less-than-perfect credit scores and histories.
Credit unions are a great choice when looking to take out a home loan or mortgage. Credit unions tend to have smaller profit margins than large banks and financial institutions, which means they offer competitive rates on new home purchases and could make your monthly repayments more affordable.
There are many reasons to cash out and refinance your home loan. Most commonly homeowners do so because their loan provider’s competitor’s prices are lower and charge a lower interest rate on mortgage loans. Refinancing your mortgage and switching to a competitor could help save you money and shorten the terms of your repayment plan.
There are a few steps to getting approved for a home mortgage if you want to purchase a new home:
- Submit your application for a house within your budget to a lender or credit union.
- Order a home inspection of the property you want to buy so you can negotiate accordingly with the seller.
- Provide your lender with the necessary documentation.
- Wait for your application to be approved.
Once your application is approved you can move forward with the closing process.
It can take anywhere from a month to 50 days to close a home loan. This can vary greatly depending on your individual circumstances and your lender’s loan requirements.
Home buying costs include the down payment, closing costs, appraisal fees, and homeowner’s insurance. Take your budget and lifestyle goals into account when considering how much to borrow for your home purchase—the higher the monthly loan payments, the less leeway you have.
Although there is no minimum income to apply for a mortgage, lenders do look at your income and debt amounts to make sure you can afford monthly payments. In general, lenders usually want to see enough cash flow to make the monthly mortgage loan payments no more than 28% of your total gross monthly income.1
Down payments can range from 3.5% to 20% of the home’s purchase price, depending on the loan type.2 However, anything less than 20% will require you to pay mortgage insurance. The more you can put down, the lower your interest payments.
Pre-qualification provides an estimate of what you can afford with your current cash flow, while pre-approval involves a more detailed review of your financial status and shows how much you can be approved to borrow.
Yes, refinancing your home mortgage can help you consolidate debt, pay off debt, or access cash based on your home’s equity.
Common documents involved in a mortgage application include proof of income, credit history, tax returns, and identification.
High Plains Home Loans
NMLS#483415
