*IMPORTANT NEWS UPDATES*
Pending Homes Sales Up and Other Good News
Posted September 2, 2010
Pending Sales for existing homes unexpectely rose for July according to the latest report from the National Realtors Association. Initial Jobless Claims were down, Retail Sales were up, and mortgage rates hit another record low. For more details, please see our blog.
New Partnership with Homes by Avi
Posted August 30, 2010
Mission Mortgage of Texas is proud to announce our newest preferred builder, Homes by Avi. We welcome Homes by Avi to our family and we look forward to many years of working together to help people realize their dreams of home ownership. For more information, please see our Preferred Builders page.
Four Things To Do In Austin
Posted August 27, 2010
A new feature on our blog...every Friday we'll post four suggestions of things to do in Austin. Take a look by clicking here to see what we've recommended this week.
Mortage Rates Drop Again
Posted August 26, 2010
Average Mortgage Rates for a 30 year loan dropped to 4.36%, down from 4.42% a week ago. More significantly, rates are down from 5.14% a year ago. If you have not refinanced recently, now is the time. For more information, see our blog entry for today by clicking here.
July Housing Stats for Austin
Posted August 24, 2010
Reporting for sales activity from July 2010 for the Austin region shows a mix of results. The number of sold properties was down from June 2010 and from one year ago in July. The tax credit deadline to close by the end of June explains most of the change from last month's results and was widely expected. Good news in the Austin data shows that the Average List Price was up, the Average Sold Price was up, the Average Price per Square Foot was up, and the average Days on the Market were down...all positive indicators. So, those who sold did better than last month and a year ago here in Austin, even though fewer sold.
Housing Starts Up in July
Posted August 20, 2010
July results for housing starts were released this week by the U.S. Commerce Department and showed a modest increase of 1.7%, surpassing the expected increase of 0.2%. After a significant drop in June, July’s rebound was welcome news to the real estate industry. Notably, the increase in July was led by starts of homes with five or more units, which surged 32.6%. Single-family starts decreased by 4.2% for the month. For a really good explanation of what this statistic means and why it is important, please see our blog.
New Jobs Come to Austin
Posted August 18, 2010
California-based Accruent Inc. has just announced that they have opened an operations center in Austin. The software company expects to have 50 employees in Austin by year’s end. Another California company, ShoreTel Inc, opened a new center with 90 employees and plans to hire 90 more within the next two years. The new announcements come as the trend of bringing tech jobs to the area continues. Officials from the Greater Austin Chamber of Commerce and local business leaders are visiting dozens of companies in Los Angeles and San Diego this week, extolling the virtues of Central Texas as a place to do business. No single company is the solution to all of our employment concerns, but each new opportunity helps establish Austin as a leader in technology and helps to strengthen our local economy. Mission Mortgage welcomes Accruent and ShoreTel to our community.
How Much is 1%?
Posted August 16, 2010
Recent headlines repeatedly mention today's historically low mortgage rates. But what do they really mean? What difference could they make to your mortgage options? The answer is astounding. An increase of just 1% drastically impacts your buying power. See our blog for more details and specific examples to help explain the impact of just 1%.
Austin Foreclosures Drop 21%
Posted August 13, 2010
The most recent data for foreclosures in Austin indicated a decrease of 21% from the same month one year ago. The rate reported by RealtyTrac, Inc. showed 1 in every 730 homes in the Austin area was in danger of foreclosing in July. This also marked a decrease from the results from June 2010. By way of comparison, in Texas the rate was 1 in every 819 homes and nationwide it was 1 in every 397. We will continue to closely monitor Austin foreclosures and will announce new updates here on our website.
FULL-SERVICE MORTGAGE PROVIDER
Mission Mortgage is a full-service, locally-owned mortgage banker based in Austin who has been providing residential mortgage services in Texas for over 25 years. In that time, we’ve funded over 3 billion dollars in home loans in Austin and the surrounding communities allowing hundreds of people to realize their dreams of home ownership. We’ve also provided refinancing solutions that have allowed many more to take more control of their financial futures. Mortgage rates are extremely low, historically, and we encourage anyone who is considering purchasing or refinancing to contact us today to see how we can help. Email us at info@missionmortgage.com to get started or use the Quick Quote form at the top of the page.
Mission Mortgage has offices in Austin, Lakeway, Houston, and Sealy and we're still growing. We’re proud to offer you unique, comprehensive home buying tools, from our mortgage loan programs and competitive rates to personal financial planning and convenient services available online. More importantly, we're not like those big bank lenders with offices all across the nation. We are a local Austin-based mortgage lender that believes that working with people directly is one of the most important aspects of being a trusted mortgage provider. We also believe that knowledge is the best tool you can have when considering a new mortgage or to refinance an existing one. Be sure to take some time to explore our website to see all of the valuable information and tools we are offering to help you with your mortgage decisions. Here are some of the most commonly visited areas of our website:
- Request a personalized rate quote from our online system using the Quick Quote box located at the top of the page. Learn more about current rates.
- Try our Mortgage Calculators for a quick look at your financial options. We have many calculators available including a Mortgage Payment Calculator, Amortization Calculator, Interest Only Payment Calculator, Payment Option Adjustable Rate Mortgage (ARM) Calculator, Rent Vs. Buy Calculator, Refinance Calculator, and more.
- Learn where you stand financially by requesting a Credit Report using the links from our website. Knowing what's on your credit report is key to understanding your buying power and the mortgage product that is best for you.
- Initiate your mortgage application directly from our website. Our easy-to-use system allows you to apply online and complete your entire application quickly. When you're done, we'll review your application and contact you with the results. When you apply online for your mortgage, you are also helping to make the mortgage process more environmentally-friendly.
- Read the latest news about the mortgage industry in our Market Update. Key information about mortgages, real estate, and the general state of the economy is updated daily.
- Pre-qualify for a loan in just minutes. How much can you borrow? Use our free, no obligation system to quickly calculate your pre-qualification amount before you apply and someone from our Austin office will contact you..
- Use our Rate Alert service to notify you when your rate becomes available. You set the mortgage rate you would like and we'll notify when that rate becomes available. Automatically.
- Use our Electronic Document Signing feature to save time and paper. Mission Mortgage has teamed up with Encomia to offer web based electronic mortgage document signing and delivery services. Your mortgage loan application and disclosures can now be signed online for your added convenience. This is just one of the ways we make our processes more environmentally responsible.
Our knowledgeable staff is here to assist you with your mortgage questions. Mission Mortgage offers personal financial planning and consulting as well as convenient online services for loan applications and approvals. Our corporate offices are located in Austin and we proudly provide mortgage lending throughout the great state of Texas. We offer a full range of lending services and mortgage options, such as Conventional, Jumbo, FHA, VA and USDA loans, as well as interim financing for new construction, second liens for purchase money or equity cash-outs, home improvement loans, and lot loans. We also have condo financing available for high-rise, lo-rise or conversions, offering both construction lending and final permanent home loans.
MORE THAN PROVIDING HOME LOANS
We also understand that doing business in Austin is more than just providing loans. We proudly support a number of local Austin charities in their efforts to assist the people who live here. Our goal is to provide support where we can to help make a difference and to continue the tradition of Austin people helping others. It is just one of the things that makes living here so incredibly rewarding. Watch for upcoming news on our new charitable efforts aimed at helping people right here in Austin.
We're also on Facebook. We figure 500,000 users can't be wrong, so we've set up our page to announce the latest mortgage news and information and we invite you to become our friend so you can easily keep up with what's most important. While we continue to do business in a personal and caring manner, we also understand that to succeed in today's business environment we must present our information in the way in which people want to receive it. For that reason we are excited to have a Facebook page where we promise to post items of substance and importance for our visitors to enjoy. We'll post Austin tidbits and company annoucements. We'll share mortgage news at a local, state, and national level. In fact, the easiest way to know when we've updated the Mission Mortgage blog is to friend us on Facebook. Our world is changing quickly and Mission Mortgage has recognized the importance of keeping up with new media outlets. The Austin origination staff recently attending a workshop on Facebook and will soon be joining the legions of people who have realized the power of social media. Our Austin office is posting regularly and Houston is up and running.Click Here to find us on Facebook.
 Mission Mortgage can be your source for important financial news updates and information about the Austin area. We regularly post interesting information from a variety of sources right here on our home page. We also have a blog where we provide more in-depth coverage of news stories impacting the mortgage industry, the real estate market, and Austin. When new employers or new developments open in Austin and the surrounding communities, we'll share that with you. When Austin is ranked in another "best of" list, we'll post it on our blog. When the financial markets dictate changes in regulations or policies to the mortgage industry, we'll let you know as quickly as we find out. We even have a category called Austin Gems where we share some of Austin's lesser known treasures that we believe everyone should experience at least once. Please visit our blog at missionmortgage.wordpress.com for the latest.
Mission Mortgage also supports local Austin artists. We are proud to announce the opening of The Gallery at Mission Mortgage in our main office in Austin. The Gallery will feature artwork created by local Austin artists and will rotate every three months, giving us a chance to feature four artists per year. More information about our featured artist can be seen on The Gallery page using the link in the menu to the left, under Company Info. We hope you will visit our gallery and let us know your comments about the quality of the work and the gallery space. Email Us if you would like to arrange a time to view The Gallery at Mission Mortgage here in Austin. Click Here to learn more about our inaugural artist, Jared Dunten. 25 YEARS OF DOING BUSINESS
 We’ve been helping people for a long time, and not just in Austin. We currently have offices in Austin, Lakeway, Houston and Sealy to serve your needs and we're still growing. Whether you are looking for a home loan or to refinance and existing loan, we always work harder to make your experience with us an exceptional one. After all, our mortgage services are essentially about your family’s home — where you live your life. You deserve attention from an experienced, knowledgeable staff that offers numerous financial sources for mortgage loans. At Mission Mortgage you will work with a local loan professional who will guide you through all aspects of your loan from application to closing. We understand that you have many choices when securing your home loan, so we make sure you know how much we appreciate being chosen to be your mortgage company.
Through years of experience, our officers fully understand how business is done in Austin, Houston, Sealy and throughout Texas. Loan officers at our company average over 15 years of experience, providing you with the peace of mind that comes from knowing that your financial needs are in very capable hands. As trusted advisors who are experienced in the lending process and well versed in showing our clients how to integrate their mortgage decisions into their long-term financial goals, our loan officers are able to anticipate, understand, and meet your needs. At Mission Mortgage we’ve built a culture of service where we understand the importance of trust and the value of fostering long-term relationships. Our ability to grow our business relies on your satisfaction and your willingness to recommend us to your family, friends, and associates in Austin and throughout Texas. If you ever hear of someone who needs a trustworthy lending partner to assist them with a mortgage need, please let us know. Leigh Ann and Mike McCoy have grown this business by doing things the right way. They understand the local Austin market and the unique opportunities and challenges we face here. Through dedication and commitment they have created a mortgage company that takes care of their clients and their employees.
Making wise financial decisions is serious business. Whether you are considering the purchase of a home or refinancing one that you already own, you should always consult with a trusted advisor to guide you through the many options and considerations - someone who knows the mortgage industry and the local economy. If you are looking to purchase a home in Austin, Lakeway, Houston, or Sealy, we're ready to help. We can be your mortgage professional and trusted advisor. We know you’re almost home and we want to make the process as smooth as possible. Learn how Mission Mortgage can make your loan closing an exceptional experience.
UNDERSTANDING MORTGAGES
The mortgage industry, as with most industries, has its own set of jargon and terminology. Rather than leave you wondering, we prefer to provide you with the knowledge and tools you need to make an informed decision about your home loan - without the confusion or uncertainty that can come from facing such a major financial decision. Our mortgage experts are here to help you at any time, but we also have put together some basic information to help you learn about the mortgage process on your own. Whether you live in Austin, Lakeway, Sealy, Houston or anywhere else, this information will help you to understand that basics of the mortgage industry - Call it Mortgage 101. Call it a primer. We hope that whatever you call it, it helps. We are approved providers of FHA, VA, and USDA mortgage loans, as well as conventional, construction, and other specialty mortgages. Our mortgage experts are here to guide you through the process. Call us today for the answers you need.
- Recent headlines regarding historically low mortgage rates have spurred a surge in refinancing. Visit our page about Refinancing to see if now is the right time for you to refinance your existing home loan by applying today. Whether your home is in Austin, Lakeway, Houston, or Sealy, we have experts available to help.
- Over the years we've noticed that our clients often ask similar questions before, during, and after the home loan process. We've compiled a list of the most commonly heard requests and listed them in our FAQ. Visit this page to see answers to the questions you may already have and some you may not have thought of yet.
- With so many different options available, this list of our loan programs can help you to determine which is right for you before you apply for your next mortgage loan.
- Understanding exactly how the loan process works can help you be prepared. This step-by-step explanation provides the basics you'll need to know, from gathering documents to applying for your mortgage to closing your home loan.
- To learn more about the home buying process, review the information on our Purchasing page to be better prepared when it is time to apply for your home mortgage.
- The most important asset you can have when considering a home purchase is knowledge. To help, we offer Free Homebuyer Tips sent directly to your email inbox. For best results, read these before you apply for your home mortgage.
WHAT WE LOVE ABOUT AUSTIN
Mission Mortgage is proud to call Austin home. Our Central Office is located just steps from beautiful Zilker Park and minutes to downtown Austin and houses our processing, underwriting, funding, management, and marketing departments, as well as serving as an operational base for a number of our knowledgeable and experienced loan officers. We love Austin for the weather, the activities, and the restaurants. We love Austin for its arts and, of course, the music. But what we love the most are the wonderful people of Austin. There is a sense of pride that comes with living here in Austin Texas and we're proud to be a locally-based company that's here to help the local community. Whether they are clients, partners, colleagues, or friends, we love helping the people who make Austin so incredibly special. Through our years of dedicated service, we have come to know Austin and would love to help you with your lending needs and share with you our special level of customer service.
 We also love the wonderful professional relationships we have developed with all types of Austin businesses and professionals. Whether you build or sell Austin Real Estate, Mission Mortgage is a company you need to know. When it comes to personalized service from a locally-based company, Mission Mortgage is at the top of the class. In fact, we have been in the Top 10 Austin Mortgage Companies for the past 7 years, as ranked by the Austin Business Journal. If you or someone you know is considering a home purchase or refinance in Austin, Lakeway, Houston, or Sealy, please speak with us first...we're here to provide the information necessary to make an informed decision.
Living in Austin offers so many incredible opportunities - professional, personal, recreational, and more. We want to help you get to know Austin even better, so we've created a blog that highlights Austin News and hidden Austin gems. We add information frequently, so check our blog regularly for the latest information. We also include general mortgage news items and company announcements. Take a look by Clicking Here.
That's not to say that we aren't also proud of our offices and employees in Lakeway, Houston, and Sealy, but it is here in Austin that we truly call home. At Mission Mortgage we understand Austin...after all, we've been serving the local community for over 25 years helping hundreds of people fulfill their dreams and reach their financial goals. As a locally-owned company with the resources of a national lender, we can help you find the program that best fits your needs and your future financial goals. Our dedicated staff lives, works, and plays right here in Austin TX. We are your friends, your neighbors, and we'd love to be your lending partner. With so much good right here in our own community, why wouldn't you use someone local?
It just makes sense.
WE ARE HIRING
While the challenges of the current economic situation are adversely impacting so many people, we are proud to announce that we are now hiring for numerous positions in our Austin and Houston locations. We know how fortunate we are to be in Texas, a state that is continuing to flourish. If you have professional experience in the mortgage industry, Mission Mortgage of Texas, Inc. would like to speak with you. Our business is strong and still growing and we are looking for a few good people to join our team. We are particularly interested in speaking with mortgage loan officers who are eager to participate in any of our various lead generation campaigns. We are also looking to expand, so if you are located outside of Austin or Houston, drop us an email and we'll see if you can help us to grow our company throughout the state. Our goal is to provide the best mortgage services with the best mortgage professionals. Please visit our Careers page for more information about our Austin and Houston employment opportunities and use the links to apply today.
MEET ONE OF OUR STARS
"To successfully facilitate your present real estate transaction, we build a business relationship to meet your future real estate needs and that of family, friends, and business associates. It is not the strongest nor the most intelligent, but the one most responsive to your expectations and goals that bond us."
It's My Mission
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