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Legacy Financial at Cross Country Mortgage. Call 817-860-3232
Is a VA Loan Right for You?
If you need a mortgage and are a current member of the U.S. Military, a Veteran, or a Surviving Spouse, a VA loan is an option for you. Mili...
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Interest Rates
What is a mortgage interest rate?   The term “interest” describes both the cost of borrowing money, and the amount earne...
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Buying a home is a major financial decision — one of the largest you’ll likely make in your lifetime. A significant part of this process is saving up for a down payment. Many homebuyers will work hard and save for many years to build up their savings for this important purchase. But what amount is right for you? That all depends on the cost of the home you’re looking to buy and what your personal financial situation and goals are. Going Conventional The traditional down payment amount is 20%. For example, if the home you’re looking to purchase is $200,000, the down payment will be $40,000. Having this amount will save you from paying mortgage insurance, which is a fee that’s added to your monthly payments that protects lenders in case you’re unable to pay the mortgage. But what if you want to buy a home and don’t have the full 20% saved? Options are available: 97% Loan-to-Value (LTV) Option — A conventional mortgage in which your loan amount is 97% of the value of the home, and you only have to make a 3% down payment. Mortgage insurance will be required. Lender-Paid Mortgage Insurance (LPMI) — If you can’t make the full 20% down payment, we may be able to pay your mortgage insurance for you. However, your interest rate will be slightly higher to cover this expense. Going Government The U.S. Government offers a variety of home purchase programs that help make homeownership possible for more people. These programs are offered through agencies such as the Federal Housing Administration (FHA), the U.S. Department of Agriculture (USDA), and the U.S. Department of Veterans Affairs (VA). Each of these agencies offers specific loan programs with different down payment requirements. FHA Home Loan — A great option for first-time buyers and those with financial or credit setbacks. The required down payment amount is 3.5%, and a parent or relative can be a co-applicant on the loan with you. Mortgage insurance will be required. FHA 203(k) Rehabilitation Loan — Want to buy a home that needs repairs? With a FHA 203(k) rehabilitation loan, you can finance a home and many qualifying repairs. Two versions are available depending on the type of repairs required and their costs. Mortgage insurance will be required. USDA Rural Home Loan — If the home you’re looking to buy is in a designated USDA rural area, you may be able to qualify for a USDA home loan. This program provides up to 100% financing, meaning no down payment is required. View a map of the designated rural areas to see if the property you’re interested in is eligible. VA Home Loan — As a benefit for your service to our country, the VA works with lenders to provide Veterans a flexible solution for buying a home. You’ll get a competitive interest rate and don’t have to make a down payment unless you want to.
Understanding down payments
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Mortgage Tax Advantages
There are many tax advantages of owning a home. Owning a home brings with it numerous benefits: the freedom to decorate and furnish however...
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Fast Mortgage Solutions
FastTrack Credit Approval The home market is competitive. If you’re not prepared to move forward when you’ve found the perfect h...
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FHA 203(k) Home Loans
What’s An FHA 203(K) Home Loan? An FHA 203(k) is a rehabilitation loan that can help you purchase or refinance a home that’s i...
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We are here to help!
At CrossCountry Mortgage, we’ve been helping people get home since the very beginning. On an icy, blustery winter night in our first y...
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Buy or Rent a Home
Considerations Before Making the Move Deciding whether to buy or rent can be difficult. Your lifestyle, financial situation and long-te...
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Home Purchase Loans
Which home purchase loans are right for you? Deciding which home purchase loans are the best ones for your needs is an important early step...
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Protect your Home in 10 Steps
Protect Your Home in 10 Steps It’s the perfect time for home maintenance. Changes in the air bring new challenges for homeowners. Whet...
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FHA Home Loans
What Is A FHA Home Loan? An FHA home loan is a flexible mortgage program offered by a participating lender like CrossCountry Mortgage F...
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Buy a homebuying guide
Buying your first home is a big investment. We’re here to make the process as easy as possible and keep you informed every step of the...
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Joy Bates
Nationally Recognized 
Mortgage Expert

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Great customer service! Everyone was helpful and quick to respond.
Marissa F

Joy Bates was so supportive and helpful in our refinancing experience. I would highly recommend her services through Cross County Mortgage!! She...
B Craven

Great Customer Service and attention to the details.
Randoll H
Great service and excellent communication keeping us in the loop on each step of the process.
Beth O

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