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Stacy Lynn Schriever
RMLO NMLS 360310
c: (817) 707-5454

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700 State Highway 121 Bypass , Suite 150
Lewisville, TX 75067
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Loan Options

Your Home Mortgage Loan Options

There are several loan options available when purchasing a home. Listed below are some of the home loan options offered by Premier Nationwide Lending. If you have any questions concerning the home loan process, please contact your Premier Home Mortgage Loan Expert who is on standby ready to assist you with your home mortgage needs.

FHA Lending

FHA loans are government-insured loans backed by the Federal Housing Authority. These guidelines offer the best hope for many borrowers to qualify for home loans on good terms they can afford.

Lower Downpayment

FHA loans require the lowest downpayments, and allow people to buy homes and start building equate sooner.

Lower Mortgage Insurance

In most cases, the monthly mortgage insurance fee paid on an FHA loan is lower than the fee paid on a conventional mortgage. This results in a lower monthly payment overall.

Better Interest Rates

FHA loan rates are generally very competitive.

Higher Debt Ratios

You can qualify with a higher total monthly debt for an FHA loan than you can for a conventional loan.

Higher Seller Contributions

There is a higher allowable seller contribution on FHA loans than there is on many conventional loans—6 percent as opposed to 3 percent. This means that you can negotiate for the seller to pay most, if not all, closing costs.

Conventional Fixed Rate Loans

A fixed-rate mortgage may be an ideal option if you:

  • Are concerned that interests rates will increase and you want the predictability of a fixed interest rate.
  • Want to be able to determine what your payment will be for years to come in order to plan out your budget.
  • Expect to own the home for many years.

Adjustable Rate Loans

An adjustable rate loan may be ideal if you:

  • Have a plan in place to move to a different home before the end of the initial rate period.
  • Are certain your income will increase enough in the future to cover the increase of the mortgage interest rate.
  • Require a lower monthly payment than what you can expect from a fixed-rate mortgage.

VA Loans

The VA Loan program is the most powerful home loan program on the market for many veterans, service members and military families. These flexible, government-backed loans come with significant benefits that open the doors of homeownership to veterans who might otherwise struggle to obtain financing.

No Down Payment

Saving money and building credit can be difficult for service members who are constantly on the move. With the VA Loan, qualified borrowers can finance 100 percent of the home’s value without putting down a dime.

No Private Mortgage Insurance

With a VA Loan, there is no PMI. This is because the federal government backs all VA Loans and assumes the risk on behalf of the borrower that is typically covered by the PMI.

Competitive Interest Rates

Pair that lower interest rate with the ability to purchase a home with no money down and no private mortgage insurance and the savings start adding up significantly.

Basic Allowance for Housing

Basic Allowance for Housing (BAH) is a significant benefit for qualified active military members. Lenders can count your Basic Allowance for Housing as effective income, which means you can use BAH to pay some or all of your monthly mortgage costs. BAH varies based on your pay grade, your geographic location and your number of dependents.

Jumbo Loan Programs

A jumbo loan mortgage is any home loan that is more than the conforming limit of $417,000 according to Fannie Mae guidelines on conventional mortgages. FHA mortgages however have upper mortgage limits that are set for each county starting at the lowest loan limit of $271,050. Since most banks do not have programs available for jumbo loan mortgage products they have become one of our specialties. Our Jumbo Mortgages are also available as a portfolio product for expanded guidelines outside of conforming limits. We have several jumbo loan mortgage programs that will put you in control of your mortgage investment.

Rural Housing

Rural Housing Development

  • Moderate income limits apply
  • No Down Payment Required
  • No Prepayment Penalties
  • No Limits on cash contributions
  • Can purchase an existing home or build a new home

* Loan programs are subject to credit and property approval. Other guidelines may apply.

Residential Mortgage Loan Originators

I’m a Graduate of University Texas at Arlington with a Bachelor’s degree in Communications and Business Management and reside in Flower Mound, Texas with my daughter, Landry. I have spent over 25 years in sales and marketing and the past 10 in the mortgage business with experience on every type of mortgage loan, purchase or refinance. From Government loans to Jumbo and Conventional loans working with customers that are First Time Home Buyers that need guidance and understanding of the process to the experienced borrower that needs an efficient turn-around time. I have served as a Mortgage Broker and have worked in a Large Bank environment. I believe working with Premier Nationwide Lending I am able to provide the best of both worlds to my customer base as we are an extremely Realtor/Client friendly environment with an accessible office to meet in person and the extensive technology to accomplish business over the phone and with out of town buyers that need assistance.


Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

Being first time homebuyers, we had no idea what to expect or what was required. We had to close quickly and Stacy took the time to meet with us personally both on and off regular business hours to keep us informed all the way through the process. When our realtor didn't even show up to the closing, she was already there before our request. Stacy walked us through the entire process from selection to closing and ensured that we understood what was required, and when, in order to close on time. Available and informed at any time we needed, Stacy was a critical player in finding and purchasing our dream home. Thank you!

John & Angela C. - Coppell, Texas

Stacy makes the American Dream Happen! She is very Efficient and always closes on time, she is an asset to my team!

Marvin B. - Keller Williams

I have been extremely pleased with the service and professionalism that I received from Stacy Schriever for two separate re-finance mortgage loans. She was on top of every aspect of the loan process and made sure I was notified every step of the way. I appreciated her knowledge with the different types of loans available to me and helping me to decide which loan best fit my needs. I have recommended her to friends and family and would absolutely use her again on any future loans.

Betsy B., AIC, CRIS - Quanta Services

I've known Stacy for 10 years, professionally & personally. She communicates in a timely manner with compassion & clarity. I am very confident that she is "on the ball" for our clients with the utmost ethics.

Beka W., Realtor Keller Williams

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