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This Week's

First Source Mortgage of Texas 

Benchmark Rate     August 11, 2022


Click this link to compare our Bench Mark Rate & Points / Fees to the National Average Benchmark. *

Our FSMTexas Benchmark 30 YEAR FIXED RATE** 

Points/Fees***: 0.707%  ||  APR: 5.061%  ||  P&I: $1,073.53

Compare Our Benchmark Rate to the Weekly National Average Benchmark*


*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...

**Conventional || $250,000 Purchase || 80% LTV || 740 Credit Score || 30 Day Price Lock

How do we obtain our Benchmark Rate? 

Every Thursday, we run the above standardized pricing scenario among our network of Wholesale Mortgage Lenders and post our Benchmark Rate based on the best available rate among them.  


About Us

Lower Rates through our large network of Wholesale Mortgage Providers

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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 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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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.


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 us for details.

Reverse Mortgage

If you’re looking for ways to supplement your retirement income, a Federal Housing Administration (FHA) insured1 reverse mortgage loan may be the answer. A reverse mortgage loan allows you to access a portion of your home’s equity to obtain tax-free funds without having to make monthly mortgage payments. If you’re 62 years of age or older and have sufficient equity in your home, we should talk about how a reverse mortgage may be right for you.