PURCHASE · TEXAS
Home Purchase Loans in Texas
From pre-approval to funding day, Expo Lending helps Texas buyers—especially business owners and self-employed professionals—secure purchase financing that matches how they actually earn.
A strong purchase file is more than a credit score. Sellers want to know your loan can close. We align documentation early, write clear pre-approvals, and coordinate appraisal and title so contract timelines stay realistic. Guidelines vary, subject to underwriting.
Aiden Fahimi, Broker | Mortgage Advisor (NMLS #1943973) · Expo Lending LLC · NMLS #2619446
Who Purchase Financing Is For
- First-time and repeat buyers of Texas primary residences
- Self-employed buyers using bank statement, P&L, 1099, or asset-based docs
- Jumbo and luxury purchasers above conforming limits
- Buyers using ITIN or foreign national programs
- Investors purchasing rentals (personal-income or DSCR paths)
Purchase Process
- Consultation — Price range, occupancy, and income type.
- Pre-approval — Conditions listed so you and your Realtor know the plan.
- Offer support — Quick updates when sellers request lender letters.
- Processing — Appraisal, insurance, title, and underwriting conditions.
- Clear to close — Final figures, signing, and funding.
Documentation Options for Buyers
- Bank statement loans — Deposit-based qualification.
- P&L loans — CPA profit and loss.
- 1099 loans — Contractor income.
- Asset depletion — Asset-based income.
- Jumbo & luxury — High-value purchases.
- ITIN loans — ITIN holders.
- Foreign national loans — International buyers.
- First-time buyer guide — Extra context for first purchases.
- Investment property loans — Rentals and DSCR.
- Difficult scenarios — Credit or DTI challenges.
What Affects Your Purchase Quote
- Credit profile and recent payment history
- Down payment size and source of funds
- Property type, occupancy, and appraisal outcome
- Income documentation method
- Reserves remaining after closing
We do not publish locked rates or generic LTV charts online. Scenario pricing comes after a short file review.
Statewide Purchase Coverage
Expo Lending is Texas-based with purchase closings across major metros and beyond. City guides: Houston, Dallas–Fort Worth, Austin, and San Antonio. For investor purchases outside Texas, see DSCR loans available in all 50 states.
Working With Your Realtor & Contract Dates
Option periods and closing dates should match appraisal and underwriting reality—especially on alternative-documentation or jumbo files. We provide timeline guidance so your agent is not guessing. If a seller asks for a proof-of-funds letter alongside pre-approval, we can coordinate language that matches your actual asset statements.
Appraisal & Property Condition
Unique homes, recent renovations, and rural acreage can need appraisers with local expertise. Repair requirements should be priced into your plan. Investment purchases may also need rent schedules that support DSCR if that is your path.
After You Are Under Contract
Respond to condition requests quickly, avoid changing jobs or large transfers without telling us, and keep insurance binders moving. Expo Lending stays involved through funding. For owned homes later, see refinance; for first purchases, see first-time buyers.
Down Payment & Reserves Planning
Beyond the headline down-payment percentage, underwriters care about where funds came from, how long they have been in your accounts, and what remains after closing. Business accounts, gift funds, and sale proceeds each need a paper trail. We map that early so conditions do not appear two days before closing.
Reserves—cash left after you buy—vary by program, occupancy, and credit profile. Investment purchases and jumbo loans often expect more. Exact months of reserves are program-specific; we quote them for your scenario rather than publishing a chart that goes stale.
Self-Employed Buyers: Set Expectations Early
If you are buying with bank statements, a P&L, or 1099s, tell your Realtor during the first showing conversation. Alternative documentation is common with Expo Lending, but sellers unfamiliar with non-QM still appreciate a lender letter that names the path and major conditions. That clarity wins more negotiations than a vague “pre-qualified” email.
Purchase Loan FAQs
How fast can I get pre-approved to buy?
After a call and preliminary credit/income review, many buyers receive a clear options summary within a few business days. Full underwriting completes after you are under contract.
Can I make offers with alternative documentation?
Yes—when the pre-approval states the program path (for example, bank statement) and major conditions. Transparency helps your offer compete.
Do you help with new construction purchases?
Often yes, subject to builder requirements, draw schedules, and program rules. Share the contract early so we confirm fit.
Purchase vs. refinance—what is the difference?
Purchase finances a home you are buying. Refinance replaces an existing loan on a home you already own. See our refinance guide for owned properties.
Is purchase financing limited to Houston?
No. Expo Lending serves purchase borrowers across Texas.
Mon–Fri 9 AM–6 PM Central · Serving all of Texas
Equal Housing Opportunity. Expo Lending LLC, NMLS #2619446. Aiden Fahimi, Broker | Mortgage Advisor, NMLS #1943973. 1000 Main St, Suite 2300 PMB 1161, Houston, TX 77002. Office (877) 732-4464 · Direct/Text (713) 885-3944. Programs, guidelines, and availability vary and are subject to underwriting approval. This is not a commitment to lend. NMLS Consumer Access: nmlsconsumeraccess.org.
