Your home should not have to wait
for a bank to understand you.
We manage your mortgage application from start to finish. With an ITIN, working for yourself or with credit you just finished repairing, there is a program that fits your situation and finding it is our job.
Prequalifying takes three minutes and does not affect your score.
How it works
There are four steps and you talk to us at every one of them. Dealing with the bank is our job.
- 01
Prequalification
You fill out a three minute form telling us your actual situation. We run no hard credit inquiry and you commit to nothing.
- 02
We pick the program
We run your profile against all seventeen available programs and tell you which ones fit and how much each one is going to need from you.
- 03
We build the file
We gather and organize all of your documentation before anything gets submitted. A complete file gets approved faster and with fewer rounds of questions.
- 04
Approval and closing
The lender issues your approval letter. With that letter in hand you go out and make offers, and we stay with you all the way to signing.
There is a program for your situation
We work with seventeen financing programs. Plenty of people think only one exists, which is why they assume they do not qualify.
FHA Loan
The most accessible path to your first home
The FHA loan is backed by the Federal Housing Administration and accepts lower credit scores and smaller down payments than any conventional loan. It is how most Hispanic families in Houston buy their first home.
- Down from
- 3.5%
- Minimum score
- 580
- Documentation
- Taxes and W2s
Conventional Loan
The best rate once your credit is healthy
Backed by Fannie Mae or Freddie Mac, this loan carries the most competitive rate on the market once your score and income qualify. Its big advantage over FHA is that the mortgage insurance drops off when you reach 20% equity.
- Down from
- 3%
- Minimum score
- 620
- Documentation
- Taxes and W2s
ITIN and DACA Loan
Buy a home without a Social Security number
If you file taxes with an ITIN or you hold DACA status, you can buy a home. These loans do not come from the government but from banks that accept your ITIN as valid tax identification.
- Down from
- 10%
- Minimum score
- 620
- Documentation
- Taxes and W2s
Down Payment Assistance
Up to 5% of the price with nothing to pay back
Texas runs several programs that cover your down payment and part of your closing costs. Some work as grants that you never repay. They can be combined with an FHA, conventional, VA or USDA loan.
- Down from
- 0%
- Minimum score
- 620
- Documentation
- Taxes and W2s
Bank Statement Loan
Qualify on what comes into your account
When you work for yourself, your tax returns show far less than you actually earn because deductions bring the number down. This program looks at your account deposits instead of your tax returns.
- Down from
- 10%
- Minimum score
- 620
- Documentation
- Bank statements
VA Loan
Zero down for those who served
Guaranteed by the Department of Veterans Affairs, this is the best loan available if you qualify. It asks for no down payment, charges no monthly mortgage insurance and carries rates below conventional financing.
- Down from
- 0%
- Minimum score
- 580
- Documentation
- Taxes and W2s
Why work with us
Always the same person
We do not pass you around between departments. Whoever helps you through prequalification is the same person who hands you the keys.
Your language, genuinely
We explain what you are signing and why, in Spanish, English or Portuguese. It is not just a matter of handing you a translated form.
We come from credit
If your score is not there yet, we do not turn you away. We repair your credit first and pick the loan back up afterward.
Programs others do not offer
We work with ITIN, DACA, bank statement loans and DSCR. The big banks reject these profiles on sight and we go find the program that actually fits.
What if my credit is not there yet?
That is the most common situation we see and it has a fix. We repair your credit, get it up to the score your program requires and pick the loan back up where we left off. Most of our buyers arrived this way.
See credit repairLet us see what you qualify for
It takes three minutes, we run no hard credit inquiry and you commit to nothing. We respond within 24 business hours with the programs that fit you.
Electi Financial Solutions manages and supports your financing application. Loans are originated and funded by our lending partner under its own NMLS license. Electi is not a bank or a lending institution.
The figures shown are general parameters of each program and do not constitute a loan offer or a commitment to lend. Down payment, score and documentation requirements are set by the lender and vary based on your profile, the property and market conditions. All approvals are subject to full underwriting.
Equal Housing Opportunity. We comply with the Fair Housing Act and with the Equal Credit Opportunity Act.