Jet Mortgage LLC

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Jet Mortgage LLC Jet Mortgage LLC NMLS #2085464 is a Veteran owned full service Mortgage Broker.

For 20+ years we have provided Home Loans to our clients with the lowest interest rates and closing cost possible along with honesty, integrity, and great customer service!

10/21/2026

Learn how much or how little of a down payment you need to buy a home and what loan options you should consider to reach your goal.

10/19/2026

Discover the surprising reasons your credit score dropped overnight and learn how to recover your great credit score quickly.

10/16/2026

Learn how long mortgage preapproval is good for, what affects expiration, and how to time it well while house hunting.

10/14/2026

Explore the new FHFA loan limits for 2027 and see how they benefit home buyers, home sellers and financing options this year.

10/12/2026

Learn the 6 key steps to getting a mortgage successfully, from budgeting, pre-approval to closing on your new home purchase.

Half the barrier to down payment assistance is vocabulary. The paperwork is written for underwriters not buyers and that...
10/09/2026

Half the barrier to down payment assistance is vocabulary. The paperwork is written for underwriters not buyers and that stops people before they ever find out if they qualify.

Here are the twelve words that show up most often and what they actually mean.

๐—”๐— ๐—œ: your county's midpoint income. Limits scale with household size and are often higher than people assume. This is the word that disqualifies more applicants than any other and almost always because someone guessed instead of checking. A guess is not a screening.

๐—™๐—ถ๐—ฟ๐˜€๐˜-๐˜๐—ถ๐—บ๐—ฒ ๐—ฏ๐˜‚๐˜†๐—ฒ๐—ฟ: usually means no homeownership in the last three years. Past owners qualify again regularly.

๐——๐—ง๐—œ: monthly debt divided by gross monthly income. Both the loan and the program set their own ceiling.

๐—™๐—ผ๐—ฟ๐—ด๐—ถ๐˜ƒ๐—ฎ๐—ฏ๐—น๐—ฒ ๐˜€๐—ฒ๐—ฐ๐—ผ๐—ป๐—ฑ: erases itself over time with no monthly payment and nothing owed if you stay.

๐—ฆ๐—ผ๐—ณ๐˜ ๐—ผ๐—ฟ ๐—ฑ๐—ฒ๐—ณ๐—ฒ๐—ฟ๐—ฟ๐—ฒ๐—ฑ ๐˜€๐—ฒ๐—ฐ๐—ผ๐—ป๐—ฑ: no monthly payment but due when you sell or refinance.

๐— ๐—–๐—–: a yearly federal tax credit on part of your mortgage interest.

๐—Ÿ๐—ง๐—ฉ: loan divided by home value. Below 80 percent is where conventional mortgage insurance comes off.

๐—ฃ๐— ๐—œ ๐˜ƒ๐˜€ ๐— ๐—œ๐—ฃ: PMI can be cancelled. MIP on FHA loans typically stays for the life of the loan.

๐—˜๐˜€๐—ฐ๐—ฟ๐—ผ๐˜„: where taxes and insurance get collected. Why your payment can change year to year.

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ๐˜๐˜‚๐—ฟ๐—ฒ: paying back some benefit if you leave before the program's clock runs out.

๐—ฆ๐˜‚๐—ฏ๐—ผ๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป: when you refinance the assistance lender must agree to stay in second position.

O๐—ฐ๐—ฐ๐˜‚๐—ฝ๐—ฎ๐—ป๐—ฐ๐˜† ๐—ฟ๐—ฒ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐—บ๐—ฒ๐—ป๐˜: must stay your primary residence or repayment can be triggered.

Bring me the packet. Jet Timmons, Jet Mortgage.

Not a commitment to lend or tax advice.

10/09/2026

Learn when a reverse mortgage must be repaid, your payoff options, and key steps homeowners and heirs should know.

10/07/2026

Explore 10 practical ways to use home equity wisely, plus key risks and tips to decide what may fit your goals.

Down payment assistance answers the cash question. It does not answer the first of the month.Getting to closing and stay...
10/06/2026

Down payment assistance answers the cash question. It does not answer the first of the month.

Getting to closing and staying comfortable afterward are two completely separate questions. And most buyers only see one of them coming.

Here is what the monthly payment actually looks like on a $350,000 home with 3.5 percent down on a 30-year FHA loan.

Principal and interest: $2,135. This is the loan itself. The only piece most people picture and the only piece that is fixed for 30 years.

Property taxes: $321. Set by your county not your lender. Collected monthly into escrow and reassessed over time.

Homeowners insurance: $150. Required by the lender. Also escrowed and climbing in many markets.

Mortgage insurance: $155. Applies when you put down less than 20 percent. On many loans it can be removed later. On FHA it usually cannot.

HOA dues: $0 in this example. Condos and planned communities can add several hundred dollars.

What actually leaves your account every month: $2,761.

And that number does not include utilities or maintenance. A good rule of thumb is to set aside roughly one percent of the home's value per year for repairs. On this home that is about $290 a month even in the months nothing breaks.

One more thing worth knowing: not all assistance works the same way on the monthly side. A grant applied to your down payment shrinks the loan and lowers the payment. A repayable second mortgage adds a separate payment of its own. Both are good deals. They are not the same deal and the difference belongs in your budget before you shop.

Let's run your real number.

Jet Timmons, Jet Mortgage.

Figures shown are an illustration using assumed rates, taxes, and insurance, not a quote, an approval, or a commitment to lend. Your payment will differ based on credit, location, loan type, and current rates.

10/05/2026

Learn 5 ways that you can buy a second home without a down payment, plus risks, options, and smart planning tips to consider

Address

2591 Dallas Parkway Ste 300
Frisco, TX
75034

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

Telephone

+12146205202

Website

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