Randi Mills Mortgage

Randi Mills Mortgage Mortgage lender with 39+ years’ experience — need a loan? I’m here to help! 🤝🏡📲 214-507-6601

Randi Mills NMLS # 418434
OnQ Home Loans NMLS # 0907078

Home Loans Made Human

No matter if you’re buying, selling, refinancing, or building your dream home; it’s important to work with an experienced and knowledgeable team. As an expert Personal Mortgage Advisor, I have the knowledge and resources you need in order to stay current with market conditions and frequently changing mortgage programs. Ensuring that you make the right choice for you and your family is my ultimate goal. Ready to take the next step? Use our secure online application to get started. After you’ve applied, I’ll call you to discuss the details of your loan. As always, you may contact me anytime by phone or email for personalized service and expert advice. I look forward to helping you into the home of your dreams!

09/17/2026

US HOA Costs Demand Closer Review
After four decades in the mortgage industry, I’ve learned that the real cost of homeownership goes well beyond your monthly mortgage. Lately, HOA assessments have become a significant consideration for buyers—especially in communities where aging infrastructure and rising insurance costs are driving fees up. It’s important for boards to manage these assessments responsibly and keep reserves healthy, so neighborhoods remain financially sound. If you’re exploring a new home or condo, make sure to ask about monthly HOA dues and whether the reserves are strong enough to handle big-ticket repairs. For condo buyers, it’s smart to find out if there are any upcoming issues that might trigger special assessments. A little extra homework upfront can give you greater confidence and peace of mind in your new investment.

09/16/2026

FHA Loans: How They Work
Having spent decades in the mortgage world, I’ve seen first-hand how FHA loans can open doors for buyers who might not have a big nest egg or perfect credit. With an FHA loan, the government insures lenders, but you still apply through approved private lenders—just like any other mortgage. If your credit score is 580 or above, you can often get started with as little as 3.5% down. If your score falls between 500 and 579, a 10% down payment is generally required. Keep in mind, FHA loans are primarily for your main home—not vacation or investment properties—and the amount you can borrow depends on where you’re buying and the type of property. Monthly payments roll in not just principal and interest, but also mortgage insurance, taxes, homeowners insurance, and required escrow. It’s important to balance those upfront savings with the longer-term costs. For many, FHA financing is a way to step into homeownership when cash and credit are tight. For those with stronger credit, conventional loans or refinancing later on might make better sense. After 40 years in the industry, I know every buyer’s path is unique—and there’s usually a way forward.

How to Choose a Mortgage Lender (2026)After four decades in the mortgage industry—working in everything from servicing t...
09/15/2026

How to Choose a Mortgage Lender (2026)
After four decades in the mortgage industry—working in everything from servicing to auditing—I’ve learned that choosing the right mortgage lender is about more than just rates. It’s about finding a partner who will walk you through every step, explain the options, and make sure the process is smooth all the way to closing. Take time to compare the various loan types and fees, and don’t be afraid to ask detailed questions. Ensure you understand who will be servicing your loan, and always get prequalified so you can compare written offers with confidence. With the right guidance, your path to homeownership, refinancing, or even building your dream home can be clearer and less stressful.
https://www.housing-trends.com/agent-news/randi-mills/1918621-How-to-Choose-a-Mortgage-Lender-%282026%29

09/14/2026

United States: How USDA Loans Work
After four decades in the mortgage industry, I’ve seen just how much a USDA loan can open doors for buyers in rural and suburban communities. This government-backed program is designed to help qualified buyers purchase homes, often with no down payment—an incredible opportunity, especially for those with stable income and limited savings. Private lenders review your income, credit, and debts, while the government backs roughly 90% of the loan, making it possible to finance the full price of an eligible home. There are a few paths: guaranteed loans through approved lenders, direct loans from the government, and even separate assistance for repairs. Eligibility comes down to location, household income, residency status, finances, and owner occupancy. While you can skip the down payment, remember you’ll still need to cover closing costs, taxes, insurance, and guarantee fees. These loans are for primary residences only—not vacation or investment homes. If you’re considering homeownership in a smaller community or suburb, be sure to confirm your area qualifies, review the income rules, and compare lenders. My years in every corner of mortgage lending have taught me the ins and outs of these programs—there’s usually a way forward if you know where to look.

09/13/2026

US Jumbo Mortgage Options Explained
After four decades in the mortgage world, I’ve seen just about every financing scenario out there—including jumbo mortgages. These loans step in when a property’s price tag goes above conforming loan limits, making them a crucial tool if you’re looking at higher-priced homes, investment properties, or even a second home. What I’ve learned: jumbo mortgages offer flexibility, with both fixed and adjustable options, but they do come with a higher bar for qualification—think strong credit, larger down payments, and solid cash reserves.

Because lenders can’t easily resell these loans, they’re extra careful. But here’s some good news: if you bring strong financials to the table, jumbo rates can be just as competitive—sometimes even better—than conventional loans. I always encourage clients to explore options with banks, credit unions, and brokers. Factors like your property type, loan purpose, and what’s happening in the market can all make a difference. After all these years, I know how important it is to match your financing to your long-term goals.

09/12/2026

Why Texas Homeowners Are Treating Home Equity as a Financial Planning Tool, Not Just a Loan
After four decades in the Texas mortgage world, I’ve seen home equity evolve into a real asset for homeowners—not just another loan. Here in Texas, you can tap into up to 80% of your primary residence’s value with a home equity loan, always at a fixed rate and limited to one loan at a time. These funds can be a lifeline, whether you’re planning a remodel, consolidating debt, or investing in your child’s education. Plus, our state ensures you have a 12-day cooling-off period to make decisions with confidence. My years in servicing and auditing have shown me just how powerful it is to use home equity as part of a thoughtful financial plan.

Today marks 25 years since September 11, a day that changed our country forever. We pause to honor the innocent lives lo...
09/11/2026

Today marks 25 years since September 11, a day that changed our country forever. We pause to honor the innocent lives lost and the brave heroes who answered the call. Our nation showed incredible strength, resilience, and unity during one of our darkest moments.

To the first responders, military members, and families who sacrificed so much, we remain deeply grateful for your service. How are you taking time to reflect and honor our heroes today? Please share a memory in the comments below.
https://myoc.io/CFXy

NMLS # 418434

09/11/2026

US FHA or Conventional Loan Guide
After four decades in the mortgage world, I’ve helped countless clients navigate the details of FHA and conventional loans—it’s never a one-size-fits-all decision. FHA loans are designed for buyers who might have less-than-perfect credit or need a smaller down payment, but keep in mind that every FHA loan comes with mortgage insurance. Putting down less than 10%? That insurance could stick around for the life of the loan. On the other hand, conventional loans call for stronger credit but give you options: primary homes, second homes, or even investment properties, with as little as ~3% down and the chance to drop PMI later on.

Looking at Early-Q3 2026, average 30-year fixed rates ran in the high-6% for conventional loans and low-6% for FHA. But with FHA, upfront and annual insurance can bump up the overall cost. Loan limits also matter—conforming conventional loans now go up to $832,800 in most areas, while FHA is capped at $541,300 and is generally focused on primary residences, with a few more hoops to jump through.

If you’re weighing your options, ask for a clear side-by-side: interest rate, cash needed at closing, monthly payment, mortgage insurance, property taxes, and homeowners insurance, and see how each loan stacks up over the first 5–7 years. My years of experience mean I can help you sort through what really matters for your situation.

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