Matthew Honeycutt, Loan Officer

06/18/2024

Enjoyed helping Jared buy his first house. He was great to work with! Reach out if you are wanting to begin the process of buying a house.

03/13/2024

Great to see Tyler represented on a national stage. A great place to live!

TYLER, Texas (KETK) – USA TODAY has named Tyler as the best city to move to in Texas for its low unemployment rate, healthcare accessibility and low risk of damage from severe weather. Accord…

08/26/2023

What a joy to help clients find the right home! Thank you for letting me be a small part of the process! So excited to see these clients be able to use this home for ministry as well!

06/23/2023

Ah, financing a home purchase – With so many options to choose from, it’s no wonder you might feel like you’re swimming in a whirlpool of financial jargon. 🌪️🤯

But fear not, Your trusty guide is here, armed with insider knowledge on the many financing flavors that await:

🔑 Conventional MortgageThe classic, crowd-pleasing option – a fan favorite for homebuyers. This loan offers tantalizingly competitive interest rates that’ll leave you craving more.

🔑 FHA LoansEnter the underdog, a government-insured mortgage for buyers with credit scores that may not dazzle but still shine bright. With lower down payment requirements, it’s an FHA-lover’s dream come true.

🔑 VA LoansLoans fit for heroes! These mortgages, tailored for veterans and active-duty military personnel, boast low-interest rates, zero down payments, and a salute-worthy ease of qualification.

🔑 USDA LoansThe rural romantics’ delight – government-backed loans for those seeking a suburban or countryside haven. With relaxed credit score requirements and low down payments, it’s a breath of fresh air.

🔑 Jumbo LoansFor those with grandiose aspirations, these loans cater to home purchases exceeding the limits set by Fannie Mae and Freddie Mac. Be prepared for higher interest rates and a more discerning entry criteria.

So, before you plunge headfirst into the loan ocean, be sure to familiarize yourself with the lifebuoys at your disposal.

After all, discovering your dream home is only half the battle – securing the ideal loan is the cherry on top! 🏠🍒

06/09/2023

There are several factors that lenders look at that affect your ability to get a mortgage. Your credit score being an important one.

Here’s a breakdown of credit scores and how likely you would be to get approved for a mortgage for each.

🔸740–850: Excellent credit – easy credit approvals and the best interest rates.
🔸670–740: Good credit – typically approved and offered good interest rates.
🔸620–670: Acceptable credit – typically approved at higher interest rates.
🔸580–620: Subprime credit – It’s possible to get a mortgage, but not guaranteed. Terms will probably be unfavorable.
🔸300–580: Poor credit – little to no chance of getting a mortgage, you will have to take steps to improve your credit score before being approved.

There are always case-by-case scenarios, so don’t let your credit score discourage you from buying a home. Work with your mortgage broker (Me👊) on a realistic game plan to ensure you’re making the best choice for your unique situation.

05/24/2023

Set yourself up for home buying success and get pre-approved for your mortgage!

So…What will you need to submit to your lender for a smooth Pre-Approval?

✔️Driver’s License & SSN
✔️One Month of Paystubs
✔️Two Years of W-2’s and/or Tax Returns
✔️P&L (if self-employed)
✔️Two Months of Bank Statements

**More documents may be needed depending on your situation.

By getting Pre-Approved, you improve your buying credibility and speed up the closing process. Talk about a win-win!

05/11/2023

Enjoying helping this client achieve his goal of homeownership!