Home and Land Loans
Whether you’re looking to purchase a new home, borrow against the equity you’ve already built in your current home or fulfill your dream of owning your own piece of land, we’re here to help finance it.
Your Home Owes You Big Time!
With each mortgage payment, you've actually been investing in your home. Now it's time you let your home pay you back with a Home Equity Loan.
Homebuying 101 Online Seminar
Explore our videos for detailed information on the application process, credit, different mortgage types, and mortgage terms.
Members Choice Mortgage is a team of Mortgage Professionals with the resources and tools of a national lender, and the personalized service you would expect from a local partner. With over 30 years of combined experience helping families finance their home, we are the trusted mortgage lenders in Houston to help you with your home or land loan, refinancing your home, or getting extra cash from a home equity loan. Talk to one of our knowledgable Mortgage Loan Officers today to review our low money down payment options.
Featured Mortgage Loan Options
FlexChoice Convertible Mortgage
The flexible choice to buy a home today with lower adjustable-rates, and convert to a fixed-rate later.1
- Unique option to convert from an adjustable-rate to a fixed-rate mortgage after ONE year, at no cost or refinancing fees
- Lower adjustable interest rates
- Initial 5/7/10-year terms with 1% annual rate caps
Choice100 Mortgage - 100% Financing
Our 100% financing fixed-rate mortgage loans were designed for homebuyers looking to purchase with no money down. Purchase your new home with zero down payment.2
- No mortgage insurance required
- Zero down payment, up to 100% financing available
- Low closing costs
- 15/20/30-year terms
Choice100 Mortgage - 100% Financing
Our 100% financing fixed-rate mortgage loans were designed for homebuyers looking to purchase with no money down. Purchase your new home with zero down payment.2
- No mortgage insurance required
- Zero down payment, up to 100% financing available
- Low closing costs
- 15/20/30-year terms
Home Equity Loans
- Borrow up to 80% of your homes fair market value
- 1st or 2nd lien position options available
Complete Full Service Mortgage Loan Option List
Fixed-Rate Mortgage Purchases
Find the best fixed-rate home loan for your situation, and get a competitive rate.
FlexChoice Convertible Mortgage Purchases
The flexible choice to buy a home today with an adjustable-rate, and convert to a fixed-rate after one year.
Adjustable-Rate Mortgage Purchases
A home loan that offers lower starting rates so you can afford to buy a home sooner, and get more home for your budget.
Jumbo Mortgage Loans
Access loan amounts starting at $766,551 and going up to $1,000,000 with our Jumbo Mortgage Loans.
Home Equity Loans
Home equity loans allow you to borrow against the equity you've built in your home. Use the cash wherever you need it.
Texas Land Loans
With our lower down payment option, your dreams of owning recreational land in Texas can be a reality
Disclosures
1 Purchase for primary, second, and investment properties in Texas only. Minimum 720 credit score required for FlexChoice option. Modification rates are based on the current market at the time of conversion. Must be in ARM product for a minimum of 3 years prior to modification. After 3 years you have the option to modify your loan after three years to a fixed-rate loan based on the current market rate at that time. No modification fee is charged.
2 Purchase for primary residence Single Family Home or Townhome located in Texas only. Our maximum loan-to-value is 100% with a 43% maximum DTI and a minimum 680 FICO. Requires minimum of two years employment in same industry. No history of bankruptcy or foreclosures. Appraisal fee collected at time of ordering. $50,000 minimum loan amount. $726,200 maximum loan amount.
*Limited time offer valid on primary residence purchase applications received between April 15 through August 31, 2024 with a minimum amount of $50,0000 and a maximum of $766,500. Refinances and Land Loans are not eligible. $750 closing credit to be credited at loan closing. Loan must close by September 30, 2024 to qualify. Cannot be combined with any other offers. Other terms and conditions may apply.