Texas License Number: 901364
Federal Mortgage Loan Originator NMLS #402846
1: The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes; and The consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.
2: First-time defined as having not purchased within the last 5 years. Educator defined as a borrower or co-borrower employed full-time by a school, school district, or university within our field of membership.
The information provided assumes the purpose of the loan is to purchase a property. The property valued at $420,000 with 5% down-payment (-$21,000.00) = a loan amount of $399,000 (95% loan-to-value). The property would be located within our trade area(s). An escrow account will be required for taxes, insurance, home owners’ association fees, etc.; which will impact the total monthly payment amount. The assumed credit score is 720. Rate is subject to creditworthiness. Payment Example: At an interest rate of 6.000%, the APR for this loan would be 6.118%. The monthly payment of principal and interest only would be: 480 payments of $2,195.35 at an interest rate of 6.000%. This payment example does not include taxes and insurance premiums. The actual payment obligation may be greater. All loans are subject to approval.
USA Patriot Act requires IDENTITY VERIFICATION for all new accounts. Pursuant to Texas Credit Union Department Rule 91.315, documents relating to Texas Trust's finances and management are available by calling (972) 263-5171. All member service issues please call (972) 263-5171.