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First Source Mortgage of Texas 

Benchmark Rate**  December 1, 2022

6.250%

Our FSMTexas Benchmark 30 YEAR FIXED RATE** 

Lender Points/Fees***:  0.524%  ||  APR: 6.300% ||  P&I: $2,147.13

**Conventional || $435,900 Purchase || 80% LTV || 740 Credit Score || 30 Day Price Lock

Compare Our Benchmark Rate to the Weekly National Average Benchmark*

US HOME MORTGAGE 30 YEAR FIXED NATIONAL AVG *

*Primary Mortgage Market Survey® data provided by Freddie Mac  ***Includes Lender Points/Fees only

Compare to any other benchmark or lender using the following criteria...


How do we obtain our Benchmark Rate? 

Every Wednesday, we run the above standardized pricing scenario and post our result as our First Source Mortgage of Texas Benchmark as a means to compare our Benchmark to the National Average*.  

 

About Us

Lower Rates through our large network of Wholesale Mortgage Providers

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About

First Source Mortgage of Texas is a Texas Mortgage Brokerage company based in Houston offering a wide variety of mortgage products at very competitive rates.  While First Source Mortgage of Texas was launched in March 2017, the Company's Owner, D. Charles Hamel has been serving the home loan needs of Texas residents since 1994.  Charles has served in a full range of capacities in the Real Estate and Mortgage industries, giving him a depth of experience rivaled by very few.  You can trust that Charles and his team will guide you through your home loan needs in the most honest and transparent manner.  Take a moment to read through our Client testimonials to see for yourself.


As a Mortgage Brokerage Company, we have access to a large network of Wholesale Mortgage providers which give us the opportunity to shop your transaction for a very competitive rate. Wholesale Mortgage providers are Mortgage Lenders who either ONLY offer mortgages through Mortgage Brokerages, or are Wholesale Divisions of Retail Mortgage Lenders who provide mortgage rates at a wholesale level to Mortgage Brokerages that are below their corresponding Retail Divisions. So in short, a Retail Lender (or division) deals directly with mortgage consumers…whereas the Wholesale Divisions do not, enabling Mortgage Brokers, like us, the ability to pass the savings on to you.

Best of all, we do not charge any Mortgage Broker Fees or Processing Fees…100% of our compensation is paid by the Mortgage Provider who actually funds your loan. And to be even more specific, our compensation is exactly the same regardless of the selected Mortgage Provider or Mortgage Product. So our only motivation is to truly find the competitive best rate among our network of providers for your specific mortgage scenario.

The bottom line?  We shop your mortgage...and you save!

 

Our Commitment

Lower Mortgage Rates || On-Time Closings || Full Transparency

Thank you for considering First Source Mortgage of Texas for your mortgage needs.  In our 20 years in the mortgage business, we have found that the best way to satisfy the needs of a mortgage client is to offer exemplary service, a wide variety of loan products and of course competitive rates. Since a mortgage is usually the largest debt that most families will incur, it is important to select a reputable and trustworthy lender. As an experienced Mortgage Brokerage Company, our objective is to provide straight forward and honest information that will enable mortgage clients to manage their mortgage decision efficiently and effectively. Our promise...is quite simply to make the loan process a pleasant mortgage experience by ensuring the most competitive rates on the greatest number of mortgage products, offering a simple streamlined process and performing in a manner that sets and matches proper expectations. Because...we are your First Source for a GREAT mortgage experience!

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Purchase

Whether you are a first-time homebuyer or perhaps you've purchased a few homes already, finance options are a key consideration. Let us discuss all of your options with you in clear detail so you can make the decisions that are right for you. In most instances, you will want to be pre-approved for a mortgage prior to making an offer on a home purchase. Our broad range of mortgage products makes us a great place to get pre-approved first.

Refinance

Did you know that on a typical $200,000 loan balance, you can save about $10,000 for every .25% reduction in rate?  Additionally we can refinance your existing loan without adding additional years to your term?  23 years left on your current mortgage?  You can lower your rate and keep the 23 year term. 17 years left?  No problem...keep the same term.  So if a refinance makes sense at current rates, keep your term if you'd like.  Lets talk...call us for details.

Construction Financing

If you’re looking to build a home either on land that you already own, or by purchasing land in connection with the construction project, we are here to help.  Construction transactions have many pieces to the puzzle and you will need a Lender who has the experience and expertise to keep an eye on the details.  Whether you already have a Builder selected, or would like some help making the right Builder choice, we can assist with every element of the process from the "dream" to final "keys-in-your-hand" reality.