Loan Programs

FHA AND VA LOANS

The FHA loan is a low down payment mortgage option that generally requires only 3.5% down, whereas it typically takes a 5-20% down payment to qualify for a traditional mortgage.* This is also a government-back loan insured by the Federal Housing Administration, and is a good option for those with less-than-perfect credit scores. 


The VA loan is backed by the Department of Veterans Affairs, and offers the option of no down payment as well as minimal closing costs. This attractive home loan option is available to military veterans, their spouses, active duty personnel, as well as certain National Guard and Reserve members. 

CONVENTIONAL LOANS

A conventional loan is a loan backed by either Fannie Mae or Freddie Mac

Meet the diverse needs of today’s buyers and grow your business with the HomeReady mortgage, our enhanced affordable lending product. Designed for creditworthy low- to moderate-income borrowers, HomeReady offers expanded eligibility for financing homes in low income communities. 

USDA LOAN

USDA loans are mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. USDA loans are available to home buyers with below-average, offer 100% financing with reduced mortgage insurance premiums, and feature below-market mortgage rates.

 

Our Rates

FHA Mortgage Rate* APR*

  • FHA 30 Year Fixed 4.25% 5.413%

VA Mortgage Rate* APR*

  • VA 30 Year Fixed 4.25% 4.415%

Conforming Mortgage Rate* APR*

  • Conventional 30 Year Fixed 4.625% 4.796%


Rates valid on: 02-JAN-2010

And are subject to change without notice.

Your actual rate may change dependent on a

variety of financial factors.

see Assumptions below




Want More Options?

These home loan rates are based on certain assumptions that may differ from your specific financial needs.


Contact Us

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Better yet, see us in person!

We love our customers, so feel free to visit during normal business hours.

Bravo Mortgage LLC

6999 McPheron Rd Suite 108-B, Laredo TX 78041

Call 956.237.4444
Text 956.237.4444
Whatsapp 956.237.4444
Office 956.606.3100
Branch Nmls:1789522

Hours

Monday - Friday: 8:30am - 5:30pm

Saturday: By appointment

Sunday: Closed

Subject to Federal Holidays



Assumptions

Additional Information for Rates

The following assumptions reflect user search criteria in the form:

  • Loan purpose: Purchase
  • Property state: TX
  • Property county: Webb
  • Lien position: First
  • Prepayment penalty: None
  • Property type: Single Family Residence
  • Property use: Owner-occupied
  • FICO: 740
  • Discount Points: 1.00
  • Closing costs paid out of pocket
  • Tax and insurance escrow account created 
  • Loan Estimate issued within 3 days of application
  • Not all products and terms are shown
  • All rates and programs subject to loan underwriting and approval and may be subject to change depending on individual credit profile and other qualifications
  • Monthly payment does not include amounts for taxes, property insurance and mortgage insurance (where applicable). The actual payment obligation will be greater.
  • *The annual percentage rate ("APR") calculations on first-lien mortgage loan products in the tables are based on typical prepaid finance charges-actual charges may vary based on the terms of the loan and geographical area.
  • For ARMS, the APR, interest rate, and monthly payments may increase after the introductory interest rate period.
  • USDA loans are subject to annual "Guarantee Fee" equal to 0.35% of the amount financed, payable in equal monthly amounts.
  • For VA Loans, VA funding fee required and will vary. Maximum loan guaranty amount varies per county. Contact the VA for the maximum loan guaranty amount for your county and for more information on the funding fee.
  • Discount points are charges paid to the lender voluntarily, usually at closing by the borrower or seller, to reduce the interest rate. One point is equal to 1% of the principal amount of the mortgage.

Conventional Mortgages:

The payment on a $220,000 30-year Fixed-Rate payment is $1,131.11 for 360 months at 4.625% and 4.796% Annual Percentage Rate (APR),  This payment assumes 80.0% loan-to-value (LTV) and 1 point due at closing, Taxes and Insurance not included in payment.  

FHA Mortgages:

The payment on a $265,375 30-year Fixed-Rate payment is $1,305.49 for 360 months at 4.25% and 5.413% Annual Percentage Rate (APR). This payment assumes 96.5% loan-to-value (LTV) and .998 points due at closing. Taxes , Mortgage Insurance and Hazard Insurance not included in payment.

VA Mortgages:

The payment on a $225,000 30-year Fixed-Rate payment  is $1,082.27 for 360 months at 4.25% and 4.415% Annual Percentage Rate (APR). This payment assumes 80.0% loan-to-value (LTV) and 0.998 points due at closing. 

Taxes and Insurance not included in payment.

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About Us

WHy US

We are mortgage professionals. with 11 yrs of experience

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956.237.4444