What does it cost to get a Texas Home Mortgage Loan?


Welcome to Texas

Dallas Morning news recently published a report indicating that the average cost of a $200,000 home loan in the U.S. ranged from a low of $2,119 in Wisconsin to a high of $2,919 in Hawaii. This figure excludes the cost of title insurance.

Texas came in at #13, with average costs of $2,468. In 2012, Texas ranked as 3rd highest in the nation, with $2,434. Obviously, other states have been raising their loan fees.

The national average is $2,402.

Here in Texas, the costs included an average of $1,690 in fees for items such as underwriting, processing, attorney fees, warehousing, and in some cases – a fee to the mortgage broker for loan origination.  $778 were 3rd party fees, such as the appraisal.

The Mike Clover Group at Homewood Mortgage thinks those fees are simply too high.

That’s why we cap our fees at a flat rate of $1,150 – to cover underwriting, processing, attorney fees, and warehousing. We do not charge an additional origination fee.

And that’s why, when you take out a Texas home mortgage loan with the Mike Clover Group, you’ll pay less than those borrowers in Wisconsin, with the lowest rates in the nation. And … no matter where you are in Texas, you’ll still get the personal service you’d expect from your neighborhood banker. Loans Now option is available, too.

In addition, we guarantee that your loan will close in 30 days or less.

We at Homewood Mortgage finance homes anywhere in Texas, so whether you are on the Gulf Coast, in West Texas or the Panhandle, or in Dallas, Houston, San Antonio, or Austin, we can save you time and money.

If you’re thinking of becoming a Texas homeowner, or if you simply want to refinance your existing mortgage, call us at 1-800-223-7409 or apply on line at http://www.mikeclover.com/

We finance:

  • Jumbo Loans
  • Conventional Loans
  • FHA / VA loans
  • Cash out home loans
  • USDA loans
  • Refinance Home Loans

Note* Depending upon the loan program you qualify for, some or all of your closing costs can either be financed into your loan or paid by the home seller.

Once we talk, we’ll be able to give you that information based on your credit history, the down payment funds available to you, and the type of home you wish to purchase. We work hard to match your needs with the loan that’s most beneficial to you.

Mike Clover
Mortgage Banker

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