Southwest Funding LP
Southwest Funding provides home loan products across the United States. Founded in 1993 and based in Dallas, TX, the company offers Conventional, FHA, VA, and USDA loans. We also offer refinancing. Our loan officers help borrowers find the right loan product and guide them through the application and approval process.
In addition to our mortgage services, Southwest Funding is committed to supporting causes important to our branches by partnering with local schools, libraries, and community centers to offer educational programs, financial literacy classes, and other community outreach initiatives.
Southwest Funding ranked Top 100 Mortgage Companies across the United States by Mortgage Executive Magazine, and Inc.5000 recognizes our commitment to excellent service & support. Our growth due to experienced loan officers, diverse loan products, & focus on personalized solutions.
Loan Programs Offered...
🏡 FHA 100% Financing
✅ $0 Down - 100% Financing
✅ Flexible Credit Scores Accepted
✅ Gift Funds Accepted – Use gift money for your down payment
✅ Seller Paid Closing Costs Allowed
✅ Non-occupant Co-borrowers Allowed – Family members can help qualify
✅ High Debt-to-Income Ratio Allowed – More flexible approval
🎁 Down Payment Assistance Programs
🏡 Grant Program
✅ Grant up to 5% of the first mortgage loan amount (subject to market conditions)
✅ Max purchase price: $381,308
✅ Income limit: $120,750 (qualifying income only)
✅ Minimum 620 credit score for FHA/VA
✅ Minimum 640 credit score for Conventional
🎁 Down Payment Assistance Programs
🔄 3-10 Year Deferred Forgivable 2nd Lien
✅ Second loan up to 5% of the first mortgage loan amount (subject to market conditions)
✅ Max purchase price: $492,500
✅ Income limit: $111,720 (qualifying income only)
✅ Minimum 620 credit score for FHA/VA
✅ Minimum 640 credit score for Conventional
Texas State Affordable Housing Corporation (TSAHC)
🏠 Fixed-Rate Loans with Down Payment Assistance (DPA)
✅ Several rate, loan, and DPA options available
✅ DPA up to 5% of the total loan amount
💲 Mortgage Credit Certificates
✅ Tax credit that reduces federal income taxes annually
✅ Available for first-time buyers (who haven't owned a home in 3 years)
✅ Can be used with TSAHC's DPA
📌 Conventional Loans
✅ Up to 97% Loan-to-Value (LTV)
✅ Minimum 620 credit score
✅ Ideal for buyers with good credit history & savings
📌 VA Loans
(For Veterans & Active Duty)
✅ 100% financing with a 600+ credit score
✅ Available for eligible veterans and active-duty military personnel
✅ Honorable discharge required (if no longer active duty)
📌 USDA Loans
📌 USDA Loans (For Rural Areas)
✅ 100% financing for 620+ credit scores
✅ Seller can pay up to 6% of closing costs
✅ Must be in a USDA-approved area and meet income guidelines
💰 Jumbo Loan Prog
✅ Max loan amount up to $4M
✅ Minimum 550 credit score
✅ Up to 95% LTV
💼 Self-Employed Borrowers
✅ No tax returns required
✅ Business active for at least 2 years
✅ Qualify using 12- & 24-month bank statements, P&L statements, or 1099s
✅ Loan amounts up to $3.5M
🏠 Investor Advantage Prog
✅ Qualify using property cash flow instead of income
✅ Loan amounts up to $2M
✅ No Debt-to-Income (DTI) restrictions
✅ Up to 85% LTV with a 620 credit score
🩺 Doctor Loan Program
✅ 100% financing available for 720+ credit scores
✅ Student loan debt excluded from ratio calculations
✅ Max loan amount $1M
📌 ITIN Home Mortgage Loans
🛠 ITIN Loan Requirements
✅ Must have valid ITIN (verified by ITIN card or IRS letter)
✅ At least one borrower must have an unexpired ITIN
✅ Borrower(s) must provide valid identification
🏡 ITIN Loan Benefits
✅ Low down payment options
✅ Fast pre-approval process
Contact Us
Better yet, see us in person!
We love our customers, so feel free to visit during normal business hours.
Hours
Open today | 09:00 am – 05:00 pm |
