Mortgage Finance

From a traditional home loan to a loan for buying land for your next house, we can help.

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Get Smart. Get homebuying right.

When it comes to securing a mortage, Houston and surrounding area residents have numerous options, but one of the best choices you can make if home financing through a credit union such as Smart Financial. Smart financial offers a range of home loan solutions to fit the needs of our local community. With our variety of mortgage options for every financial journey, our team of experts will be with you each step of the way to help find the right mortgage for you. We offer Conventional, FHA, VA, and loans for first-time home buyers. From low closing cost options and fast processing, to competitive rates, Smart Financial can help you find your next home in Houston and surrounding areas! Get lower rates on home loans and flexible mortgage refinance options.

Don't know where to start? Our Mortgage Origination team is ready to help!

Get Our Free Home Buying Guide!

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Mortgage Loans

Looking to buy a new home or refinance your mortgage? We help first-time and experienced home buyers get the home of their dreams. Let our friendly and knowledgeable mortgage loan experts work with you to get the best rate, down payment and terms that works for you.

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Home Equity Loans

A Home Equity Loan is secured by your home and enables you to access your available equity. It has a fixed rate and fixed payments. Its a good way to deal with unexpected situations and opportunities and you may borrow up to 80% of your home value.

How much can I borrow?
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Land Lot Loans

A lot loan is a mortgage secured by land with the intention of building a residence. Once a house is built and suitable for occupancy, a permanent mortgage loan replaces the lot and construction financing. Our lot loans are not eligible for “raw land” purchases considered unsuitable for residential development.

How much can I borrow?
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Ask an expert

Our experienced mortgage origination team is looking forward to guiding you through the often difficult and confusing process of getting a loan for your Houston area home.

If you would like to speak to a Mortgage Specialist immediately, call us at 713-407-1830.

Don't know where to start? Answer a few questions to get the ball rolling and download our Home Buying Guide!

Help Me

What is the home buying process?

There are many complexities and details in the home buying process. Below is a simplified guide to plan better:

  • Review your credit report and credit score.
  • Figure out the home price you can afford.
  • Get pre-approved on a loan by us.
  • Start house shopping.

     
  • Make an offer.
  • Plan on a home inspection.
  • Close on your home.

Benefits of Choosing a Credit Union for your Home Loan?

Choosing a credit union like Smart Financial has several advantages traditional banks may not offer:

  • Lower Mortage Rates: Credit Unions typically offer more competitive rates than banks
  • Personalized Serive: Credit Unions are member focused and provide a more personalized service
  • Lower Fees: Credit Unions are known for low fees and other cost-savings benefits
  • Local Expertise: As a Houston-based credit union, Smart Financial understands the local housing market and can offer loan products tailored to the needs of Houston residents
  • Flexible Lending Options: Credit Unions offer various mortgage products with flexible terms so you can find a loan that fits your financial situation

    Types of Home Loans Offered

    At Smart Financial Credit Union, we provide a variety of mortage loan products designed to meet your unique needs
  • Conventional loans: These are traditional fixed-rate loans with flexible terms and low down payment options. Perfect for those with good credit who want stability in their monthly payments.
  • FHA Loans: FHA loans can be a good option if you are a first time home buyer or have less-than-perfect credit. These loans offer lower down payment requirements and more relaxed credit standards.
  • VA Loans: VA loans offer zero down payment and competitive rates  for eligible veterans and active-duty military personnel. We are proud to provide these loans to help those who have served our country.
  • Home Equity Loans: With a Home Equity Loan or Home Equity Line of Credit (HELOC), you can use the equity in your home to consolidate debt, pay for home improvements, or cover other expenses.

*HELOC: RATE IS SUBJECT TO CREDIT APPROVAL AND WILL VARY BASED ON LIEN POSITION, TERM, AND LOAN AMOUNT. MINIMUM LOAN AMOUNT $15,000 AND MAXIMUM LOAN AMOUNT IS $250,000. INTRODUCTORY RATE IS FIXED FOR A 12-MONTH PERIOD THEN REVERTS TO A VARIABLE RATE BASED ON PRIME RATE PLUS A MARGIN. RATE WILL NOT DECREASE BELOW THE START RATE NOR WILL IT INCREASE ABOVE 15%. MAXIMUM LOAN TO VALUE IS 80%. RESTRICTIONS ON THE TYPE OF HOME USED AS COLLATERAL SUCH AS A MINIMUM PROPERTY VALUE OF $50,000. BORROWER MAY BE RESPONSIBLE FOR CERTAIN CLOSING COSTS WHICH MAY INCLUDE TITLE INSURANCE, APPRAISAL FEE, AND SURVEY COSTS. HAZARD INSURANCE IS REQUIRED, INCLUDING FLOOD INSURANCE, INCLUDING A $100 CLOSING COST AND AN ANNUAL FEE OF $50. CLOSING COSTS MAY NOT BE FINANCED UNDER THE TEXAS FINANCE CODE. ALL FEES ARE TO BE PAID UPFRONT BY THE BORROWER. DRAW PERIOD UP TO 10 YEARS WITH A REPAYMENT PERIOD OF 10 YEARS. DRAWS ARE RESTRICTED TO A MINIMUM OF $4,000 PER TEXAS LAW. SMART FINANCIAL CREDIT UNION MORTGAGE LOANS ARE AVAILABLE ONLY ON PROPERTY IN TEXAS. AS A SAFEGUARD, A 12-DAY COOLING-OFF PERIOD IS REQUIRED BY TEXAS LAW BEFORE HOME EQUITY LINES OF CREDIT LOANS MAY BE CLOSED. A 3-DAY RIGHT OF RESCISSION IS ALSO REQUIRED AFTER CLOSING BEFORE THE FUNDS MAY BE DISBURSED. OTHER CONDITIONS APPLY. SUBJECT TO CHANGE WITHOUT NOTICE.

CASH-OUT REFINANCE: FIXED RATE IS SUBJECT TO CREDIT APPROVAL AND WILL VARY BASED ON LIEN POSITION, TERM, AND LOAN AMOUNT. MAXIMUM LOAN TO VALUE IS 80% (CONDOS 70%). MINIMUM LOAN AMOUNT IS $15,000 AND MAXIMUM LOAN AMOUNT IS $250,000. RESTRICTIONS ON THE TYPE OF HOME USED AS COLLATERAL SUCH AS A MINIMUM PROPERTY VALUE OF $50,000. BORROWER MAY BE RESPONSIBLE FOR CERTAIN CLOSING COSTS WHICH MAY INCLUDE TITLE INSURANCE, APPRAISAL FEE, AND SURVEY COSTS. SMART FINANCIAL CREDIT UNION MORTGAGE LOANS ARE AVAILABLE ONLY ON PROPERTY IN TEXAS. AS A SAFEGUARD, A 12-DAY COOLING-OFF PERIOD IS REQUIRED BY TEXAS LAW BEFORE CASH-OUT REFINANCE LOANS MAY BE CLOSED. A 3-DAY RIGHT OF RESCISSION IS ALSO REQUIRED AFTER CLOSING BEFORE THE FUNDS MAY BE DISBURSED. OTHER CONDITIONS APPLY. SUBJECT TO CHANGE WITHOUT NOTICE.

TEXAS HOME IMPROVEMENT: FIXED RATE IS SUBJECT TO CREDIT APPROVAL AND WILL VARY BASED ON LIEN POSITION, TERM, AND LOAN AMOUNT. MAXIMUM LOAN TO VALUE IS 90% (CONDOS 70%). MINIMUM LOAN AMOUNT $15,000. RESTRICTIONS ON THE TYPE OF HOME USED AS COLLATERAL SUCH AS A MINIMUM PROPERTY VALUE OF $50,000. THIS TYPE OF LOAN REQUIRES A LICENSED CONTRACTOR, A SIGNED CONTRACT TO COMPLETE THE WORK AND PERIODIC DISBURSEMENTS. THE DISBURSEMENTS ARE MADE OUT TO BOTH THE HOMEOWNER(S) AND THE CONTRACTOR TO PAY FOR WORK COMPLETED TO THE BORROWER’S SATISFACTION. CLOSING COSTS ASSUMED BY BORROWER. SMART FINANCIAL CREDIT UNION MORTGAGE LOANS ARE AVAILABLE ONLY ON PROPERTY IN TEXAS. AS A SAFEGUARD, A 12-DAY COOLING-OFF PERIOD IS REQUIRED BY TEXAS LAW BEFORE HOME IMPROVEMENT LOANS MAY BE CLOSED. A 3-DAY RIGHT OF RESCISSION IS ALSO REQUIRED AFTER CLOSING BEFORE THE FUNDS MAY BE DISBURSED. OTHER CONDITIONS APPLY. SUBJECT TO CHANGE WITHOUT NOTICE.