Home Loans

At Thrive Mortgage, LLC, we understand that buying your dream home is an expensive and complex venture. With over a decade of local experience and industry insight, Patty Newby and her team will make the process of financing your home easy. If you have questions about the best loan program for you, check out our 19 mortgage calculators and give Patty Newby a call today!

Thrive Mortgage, LLC Loan Programs

At Thrive Mortgage, LLC, we offer a variety of loan programs to ensure that we are able to meet the needs of every client.

FHA Loans: FHA loans are loans that are insured by an agency within the Department of Housing and Urban Development known as the Federal Housing Administration (FHA). This means that the federal government agrees to cover the losses for lenders who have been approved by the FHA to offer these types of loans. With less risk to
lenders, they can often offer lower interest rates, and more flexible terms.

VA Loans: VA loans are partially insured by the U.S. Department of Veteran Affairs (VA), meaning that the VA will cover any losses from loan defaulting. These loans are intended to provide U.S. service members, veterans, and their surviving spouses with long-term financing options. Thrive Mortgage, LLC offers both conventional VA
loans and jumbo VA loans.

Conventional Loans: Conventional mortgages are loans that aren’t insured by the federal government. These types of loans require insurance from a private company to cover the potential losses that government agencies would otherwise agree to cover. Although these loans can be harder to qualify for, they are able to offer more freedom than government-backed loans. They don’t have the same federal guidelines that government-insured loans must abide by, which can allow lenders to offer more flexible terms and competitive interest rates.

Conventional Fixed Rate Loans: Conventional fixed rate loans are some of the most popular and secure mortgage options on the market. With conventional fixed loans, your rates and payments will remain constant for the life of your mortgage. This means that you will be protected from changes in market conditions that would lead to a surge in interest rates. Thrive Mortgage, LLC offers both 30 and 15 year fixed rate mortgages at as low as 5% down.

Adjustable Rate Mortgages (ARMs): These types of loans allow you to take advantage of the lowest rates available. Adjustable rate mortgages offer interest rates that fluctuate to reflect current market conditions. Though these loans can be unpredictable, they ensure that you aren’t locked into rates that will prove high in future market conditions. With Thrive Mortgage, LLC, these loans come with down payments as low as 5%.

Jumbo Loans: A jumbo loan is a type of loan that doesn’t conform to the maximum loan balance of $417,000 set by government-sponsored enterprises. Thrive Mortgage, LLC offers jumbo loan options with fixed or adjustable rates and down payments as low as 10% to 20%.

USDA Loans: The USDA Rural Development Guaranteed Housing Loan focuses on offering affordable financing options to rural and suburban homebuyers. To qualify for USDA loans, you must meet certain location, income, and property requirements. This loan has many benefits for those looking to purchase in rural areas, including as little
as no money down.

Construction Loans: At Georgetown, we understand that your dream home isn’t always perfect at purchase. That’s why we offer a variety of loan programs to help you finance building or remodeling your property. These options include one time closes, hybrid, home renovation, and FHA 203(k) loans.

Reverse Mortgage HECM: Home equity conversion mortgages are the only reverse mortgages available as loans insured by the federal government. These loans allow borrowers to tap into their home’s equity to cover a large expense. This type of loan is a great option for seniors who have built equity in their home and are looking for some supplemental income. Thrive Mortgage, LLC was the first mortgage banker in Texas to close on a reverse purchase and is eager to bring these benefits to you.

Why Choose Patty Newby

Everyone’s needs and financial situation are unique. This is Thrive Mortgage, LLC uses an individual and holistic approach, by examining your entire financial profile, including net worth, income, assets, and more. We understand the benefits and drawbacks of every financial solution available to you and are prepared to work with you to find what will best complement your situation. Contact Patty Newby today to discover the best way to finance the home you and your loved ones deserve.