List of banks/mortgage brokers in El Paso TX

What is a Mortgage Loan?

Most people when purchasing a home need to obtain a mortgage loan unless they are buying it “cash” and not borrowing money from anyone.

A Cash purchase refers to a buyer having the money “cash” in their checking or savings account.

A Financed purchase is when the buyer is getting a mortgage loan from a bank, and the buyer will be responsible to make monthly payments, usually for 15 or 30 years. The mortgage loan is secured by the property, so if the borrower fails to repay the loan, the property may be repossessed through foreclosure and the borrower will lose the property along with any equity.

If you do not have the option of paying “cash”, then getting Pre-approved for a mortgage loan is the best thing to do before visiting homes for sale!

Questions to ask to the loan officers:

  • How does the financing process work in your company? Do they need all necessary documents upfront or until you have a contract, how many days do they need to process the loan once you have a contract on a home, who will be the persons involved with your file?
  • What type of financing do you offer and to which ones do I qualify for? There are different type of loans and programs and you need to know your different options.

Type of loans: FHA, VA, Conventional, USDA, Texas Vet, Hard Money or Private Lenders, and many others.

How much is the down payment? Different programs have different down payment guidelines.

How much are the closing costs and prepaids? Ask for a detailed fee sheet.

 

List of banks/mortgage brokers that can help you.

Most of these lenders offer First Time Home Buyer and Down Payment Assistance Programs.

 

·Movement Mortgage

Mortgage Loans Offered: Conventional, FHA, VA, USDA, Jumbo, Refinance, Reverse Mortgage, Second Home and Vacation Home Loans.

Miguel Davila Market Leader NMLS# 217014

Licensed and authorized to do business in Texas and New Mexico

7878 Gateway Blvd E, Ste 203, El Paso, TX 79915

miguel.davila@movement.com | (915) 892-7766

 

·EMI Funding / Loan People

Mortgage Loans Offered: Conventional, FHA, VA, USDA, Jumbo, Refinance, Reverse Mortgage, DSCR, Bank Statement Loan, Second Home and Vacation Home Loans, ITIN & Foreign National

Sandra Canaba NMLS# 513879

Licensed and authorized to do business in Texas and New Mexico

7878 Gateway Blvd E, Ste 203, El Paso, TX 79915

Sandra.Canaba@EmiFunding.com | (915) 204-3194

·Longhorn Investments

Mortgage Loans Offered: Private Lending, Hard Money Lending. Exclusive for Investors wanting to flip homes or acquire rental properties.

Cheryll Ramirez Loan Consultant

cramirez@longhorninvestments.com | 915-276-1296

·GECU

Mortgage Loans Offered: Conventional, FHA, VA, and USDA.

Gregg Davis Loan Officer NMLS# 639374

Gregg.Davis@gecu.com | (915) 778-9221 Ext. 6861

·Chase Bank

Mortgage Loans Offered: Conventional, FHA, VA, and Jumbo Loans

Maria Teran, Senior Home Lending Advisor NMLS#227562

maria.teran@chase.com | (915) 594-4177

·Raiz Federal Credit Union

Mortgage Loans Offered: Conventional, FHA, VA, USDA, and Construction Loans.

Cesar Rodriguez Loan Officer NMLS#447794

crodriguez@raiz.us | (915) 926-3177

·Geneva Financial 

Mortgage Loans Offered: Conventional, FHA, VA, Jumbo & Refinance.

Trino Garcia Loan Officer NMLS#568431 Licensed in NM & TX

tgarcia@genevafi.com | (915) 345-7418

·Change Home Mortgage

Mortgage Loans Offered: Conventional, FHA, VA, USDA, Jumbo, Refinance and Reverse Mortgage.

Christina Mayorga Loan Officer NMLS#2047445

cmayorga@changemtg.com | (915) 922-9957

·Barrett Financial Group

Mortgage Loans Offered: Conventional, FHA, VA, and Investment Loans.

Allan Juarez Loan Officer NMLS#1719155

cajuarez@barrettfinancial.com | (915) 803-6421

·First Community Mortgage

Mortgage Loans Offered: Conventional, FHA, VA, Texas Veterans, and USDA.

Joe Avila Officer NMLS#638720

Jose.Avila@1stnb.com | (915) 629-6662

·CMG Financial

Mortgage Loans Offered: Conventional, FHA, VA, USDA, and Jumbo.

Fernando Ortiz Loan Officer NMLS#680608

fortizjr@cmgfi.com | (915) 241-7945

·Home Plate Mortgage

Mortgage Loans Offered: Conventional, FHA, VA, and USDA.

Gilbert Madrid Loan Officer NMLS#225547

gilbert@homeplatemortgage.com | (915) 241-7945

·View Mortgage

Mortgage Loans Offered: Conventional, FHA, and VA, USDA and Jumbo.

Olimpia Duron Loan Officer NMLS#298011

oduron@viewmortgage.com | (915) 539-1860

·Rocket Mortgage - El Paso TX Representative

Mortgage Loans Offered: Conventional, FHA, and VA.

Pedro Olivarez Loan Officer NMLS#1603563

PedroOlivares@rocketmortgage.com | (915) 335-5989

·Rocky Mountain Mortgage Company

Mortgage Loans Offered: Conventional, FHA, VA, USDA, and Construction Loans.

·Town Square Mortgage

Mortgage Loans Offered: Conventional, FHA, VA, and USDA.

·Bergen Home Lending Team / New American Funding

Mortgage Loans Offered: Conventional, FHA, VA, USDA, Reverse Mortgages, and Construction Loans.

·Cadence Lending Group

Mortgage Loans Offered: Conventional, FHA, VA, USDA, and Jumbo Loans.

·Security National Mortgage Company

Mortgage Loans Offered: Conventional, FHA, VA, USDA, Reverse, and Investment Loans.