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10721 Jackson Lane, Frisco TX 75035

Phone: (214) 387-0683       Fax: (214) 387-0185       Email Us


Expanded Approval 

Expanded Approval may be ideal for consumers who have had past credit problems and/or have minimal funds for a down payment or closing costs (often first-time home buyers), as well as borrowers who are currently paying more than fair market value for the credit quality associated with their loan.


For borrowers who:

Expanded Approval delivers:

Have concerns about their credit histories

Expanded Approval uses the Desktop Underwriter automated underwriting system to take a comprehensive view of creditworthiness, so that many borrowers previously unable to receive conventional financing are now eligible.

For borrowers who:

Expanded Approval delivers:

Seek rates lower than non-conventional rates

EA provides borrowers with the more favorable rates associated with conventional financing.  In some cases, EA offers consumers the opportunity to lower their rates in the future (through the Timely Payments Rewards feature) without the costs typically associated with a mortgage loan refinance.

Have limited funds for down payment and closing costs

Loan amounts can be up to 100% of the purchase price.  Borrowers can make a minimum contribution towards the down payment and/or closing costs of either $500 from their own funds, or 3% from flexible sources including gifts; grants; unsecured loans from relatives or nonprofits, employer-assisted housing, or secured borrowed funds.  The remainder of the amount needed for closing costs, after the borrower’s minimum contribution requirement is met, can come from flexible sources of funds, interested party contributions, and/or other sources (see Guide to Underwriting with Desktop Underwriter for complete details on qualifying sources.)

Want to reduce monthly payments, without costs of a refinance

The Timely Payment Rewards feature rewards qualifying borrowers with an automatic interest rate reduction of up to 1% after they make timely mortgage payments for a specified period.




2006 Conforming Loan Limits

Number of
Maximum original
principal balance
Alaska, Guam, Hawaii,
and U.S. Virgin Islands only
1 $417,000 $625,500
2 $533,850 $800,775
3 $645,300 $967,950
4 $801,950 $1,202,925



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Removing Unauthorized Inquiries
How Long Does Negative Information Stay on Your Credit Report
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Bad Credit Mortgage Refinance
Debt Consolidation Vs. Debt Negotiation
Home Mortgage Mistakes Commonly Made
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10721 Jackson Lane, Frisco TX 75035

214-387-0683EMAIL: info@brown-lending.com


"Your reliable Dallas Mortgage Broker and specialist on Texas Mortgage Rates and Home Mortgage Loans."



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