Home Loans of Texas

09/23/2026

🏡 Want to buy your next home and rent out the one you’re in now? You may be able to close on the new home before you find a tenant.

Fannie Mae updated how lenders document rent from a current home you plan to turn into a rental. Instead of using a lease to establish that income, we can look at supported market rent, including rental comparisons. That could take a big timing headache out of your move. (selling-guide.fanniemae.com⁠)

Here’s the part I want you to know: the numbers still have to work. Fannie Mae uses 75% of the supported rent, then compares it with your current home’s full payment. The rent can help offset that payment, but any shortfall still counts when you qualify. If you’re new to managing rentals, reserve funds may be required too. (selling-guide.fanniemae.com⁠)

So before you rush to sell your home—or scramble to sign a tenant—let’s run the numbers. You may have another option.

Realtors, have a buyer who wants to keep their current home? Send them my way early so we can map out the move. 🩷

Shelley Mitchell | NMLS #108865
Serving Texas & Louisiana
📱 504-554-1554

09/23/2026

🏡 CLOSED & FUNDED! 🔑🩷

Congratulations to our client on their new home! We’re grateful you trusted us to help make it happen.

Ready to make your next move?
🌐 HomeLoansOfTexas.com

08/11/2026

🚨 BUYERS: Stop asking only for a price reduction—ask what the seller can do for your PAYMENT! 🏡💰

A motivated seller may be able to contribute toward a Temporary Buydown, giving you a lower monthly payment during your first years of homeownership.

Here’s how a 2-1 Buydown works:

✨ Year 1: Payment based on an interest rate 2% lower
✨ Year 2: Payment based on an interest rate 1% lower
✨ Year 3+: Payment returns to the full note rate

For example, if your note rate is 6.5%:

➡️ Year 1 payment is based on 4.5%
➡️ Year 2 payment is based on 5.5%
➡️ Year 3 and beyond is based on 6.5%

The seller funds the savings at closing, while you keep more money in your monthly budget when moving expenses, furniture, repairs, and life can hit the hardest!

You still qualify using the full note rate, and every loan and property must meet program guidelines—but the strategy itself can be surprisingly simple.

Before negotiating only the sales price, let’s compare the numbers. A seller contribution toward your payment may benefit you more than a small price reduction!

Buying in Texas or Louisiana? Message me the word “BUYDOWN,” and I’ll show you what the savings could look like for your price range. 🩷

Shelley Mitchell | NMLS #108865
📲 504-554-1554 or 713-545-2004
Go LOVE your home—I’ll handle the mortgage!

08/06/2026

5.0 star review received on Experience.com for Matt Mitchell by Beverly B - Matt Mitchell and Maggie Bertrand were the ultimate professionals and helped us immensely through the loan process I highly recommend them

Click to see all 186 reviews of Matt Mitchell, Certified Sales Manager

08/02/2026

5.0 star review received on Experience.com for Shelley Mitchell by Patricia A U - Working with Shelley Mitchell was an outstanding experience. My loan required a deep understanding of Texas family law, and her expertise in this area was evident from the start. She ensured everything stayed on track so we could close on time. Her communication was flawless—she was always reachable, answered every question immediately, and kept me updated every step of the way. Thanks to her dedication, we closed exactly on time. She is truly a standout professional! I highly recommend her services to anyone looking for a dedicated mortgage professional.

Click to see all 207 reviews of Shelley Mitchell, Sr. Loan Officer

08/02/2026

5.0 star review received on Experience.com for Matt Mitchell by Mauricio M P - I had a fantastic experience working with Matt Mitchell during my recent home purchase. Matt was professional, efficient, and proactive throughout the entire mortgage process. From providing clear and timely documentation to ensuring my closing disclosure was ready for review without any delays, he made what can be a stressful time feel seamless and well-managed. I really appreciated his responsiveness and the organized way he handled everything. I would highly recommend his services to anyone looking for a reliable and knowledgeable loan originator.

Click to see all 185 reviews of Matt Mitchell, Certified Sales Manager

07/30/2026

Consulting a Certified Divorce Lending Professional early ensures mortgage options are protected and prevents settlement terms that make refinancing impossible.

07/30/2026

Keeping the House in Divorce: A Guide to Mortgage Buyouts

Great read — check it out!

Deciding to keep your home during a divorce involves more than emotional ties. Mortgage expert Shelley Mitchell breaks down equity buyouts and refinance…

06/09/2026

5.0 star review received on Experience.com for Matt Mitchell by Brandon S C - Matt and his team helped me through a what would of been a very difficult season for me. They broke down the process and i honestly believe that they couldn't have made or more simpler for me. 10 out 10. I definitely recommend Matt and his firm for all of your equity/refinancing/ and divorce issues. They were absolutely amazing. Thanks Matt.

Click to see all 180 reviews of Matt Mitchell, Certified Sales Manager

05/26/2026

5.0 star review received on Experience.com for Shelley Mitchell by John A A - Shelley really knows her business and provided outstanding guidance that was very personalized. We couldn't have had a better experience!

Click to see all 195 reviews of Shelley Mitchell, Sr. Loan Officer