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The Mitchell Mortgage Team is a husband and wife team with over 40+ years of Real Estate & Lending

The Mitchell Mortgage Team is a husband and wife team with over 40+ years of Real Estate & Lending experience. We thrive on getting our clients into their dream home, specializing in Conventional, FHA, VA, USDA, Home Refinancing and much more. We are a blended family, who takes great pride specializing Divorce Couples and assisting them through troubling times and on their way to home ownership and a new beginning. We understand firsthand what you are going through, how hard and challenging it can be, we take pride in guiding you through it, you are not alone.

11/02/2026

Realtor friends — I just launched something built to send you buyers. 👀

"Moving to Texas: Relocation, Homes & Mortgages" — a statewide group for families and professionals moving to Texas. They'll be asking for pre-approvals (that's me), realtors in their new city (that's YOU), and local know-how.

Every Friday there's a dedicated Open House thread where you can post your weekend listings to a room full of relocating buyers.

Join, introduce yourself with your city, and let's feed each other. 🏡
https://www.facebook.com/groups/999071836606127

11/02/2026

That car lease is lying about what you qualify for. 👀

Freddie Mac changed the rule in April (Bulletin 2026-4): if you PREPAY the rest of your car lease IN FULL, that monthly payment can come OUT of your debt-to-income ratio. Paid down doesn't count. Paid OFF does.

Real math: 8 payments left at $600 = $4,800 to erase a $600/month anchor from your approval. For some buyers, that's the whole ballgame.

Denied or squeezed because of a lease? Call me before you give up on the house.

Home Loans of Texas
📞 504-554-1554 | www.HomeLoansOfTexas.com
Shelley Mitchell, NMLS #108865
Serving Texas & Louisiana

10/26/2026

WAITING FOR RATES TO DROP IS NOT A BUYING PLAN.

Fannie Mae just raised its forecast again. Their October outlook puts the 30-year fixed at 7.4% to finish 2026 and 7.5% in EVERY quarter of 2027. That is a FORECAST, not a guarantee — but their economists took the big rate drop off the table for all of next year.

Meanwhile, waiting costs you: prices keep moving, the good houses keep selling, and every month on the sidelines is a month paying your landlord's mortgage instead of building your own equity.

Smart buyers are not timing the market. They buy the house that is right, with a plan built on today's rate — and if rates fall later, we refinance. You can re-do a rate. You cannot re-do the years.

Buying in Texas or Louisiana? Let's run YOUR numbers, not the headlines. Call or text me: 504-554-1554

— Shelley Mitchell · Home Loans of Texas · www.HomeLoansOfTexas.com

10/18/2026

REALTORS — we need to talk. 🏠

You keep losing 62+ buyers because traditional financing doesn't work for them, and then you talk them OUT of the one product that would've closed your deal.

A reverse mortgage for purchase gets your buyer into the home they actually want — with NO monthly mortgage payment. No payment means the rate conversation is IRRELEVANT. Stop selling against it.

Here's what it means for YOU: more qualified buyers, more closings, more commission checks. That's the math. 💰

And don't be scared of it — it's FHA-insured, non-recourse, and federally regulated. (Yes, they still have to pay their taxes and insurance and live in the home. That's it.)

You sell the house. I sell the financing. Stay in your lane and let me stay in mine — and let's close more deals together.

I co-teach a CE class for realtors, so I know exactly where the knowledge gaps are. Let me fill this one in for you.

📞 504-554-1554
🌐 www.HomeLoansOfTexas.com

10/16/2026

Mom leaves one house to three kids. You want to keep it. Your siblings want cash. Now what? 🏠

This happens ALL the time with inherited homes — and most people think there are only two options: sell it, or come up with a pile of cash to buy everyone out.

There's a third option most families never hear about: a GIFT OF EQUITY.

Here's how the math works. Say the house is worth $450,000 with no mortgage. Each of the three siblings owns one-third — $150,000 each.

You want the house. Your two siblings want their $150,000 each — $300,000 total.

Instead of bringing a down payment to the table, your siblings GIFT you their equity. The lender counts that gifted equity as YOUR down payment. Your one-third plus their gift = 33% down. No PMI. And for a primary residence, conventional rules let the entire down payment come from family gift equity — documented with a simple gift letter.

Your siblings get their cash from the loan proceeds. You keep the house. $0 down out of pocket.

The honest part: you still have to QUALIFY for the loan on your income and credit. The bank isn't gifting YOU anything. But the down payment? Covered.

Inherited a house with siblings and don't want to lose it? Call me before anyone signs anything.

Shelley Mitchell
📞 504-554-1554
🌐 www.HomeLoansOfTexas.com
Serving Texas & Louisiana

10/16/2026

For 30 years, one sentence killed the deal: "The home has been moved."

Not anymore. As of September 2, Freddie Mac allows CONVENTIONAL loans on manufactured homes that have been moved — with NO limit on how many times. It just needs an engineer's structural inspection and the right climate zone for how it was built.

And this week HUD's FHA leadership said the new federal housing law — which killed the permanent steel-chassis requirement — will trigger a "significant acceleration" in factory-built homes. FHA loan limits went up too.

The catch nobody tells you: Fannie Mae has NOT matched this. FHA and VA still say no to moved homes. Same house, different lender, opposite answer.

I specialize in manufactured home loans. Most lenders run from them. I run toward them.

Been told your manufactured home can't be financed? Let's check if that's still true. 📞 713-545-2004

10/14/2026

13.9 MILLION HOMES ARE ABOUT TO HIT THE MARKET. 📰

Realtor.com just dropped this: over the next decade, Boomers and the Silent Generation are projected to release 13.9 MILLION homes — 74% more than the last decade.

Sounds like a buyer's market dream, right? WRONG. Read the fine print:

❌ Only 380,000 of them are starter homes. That's 2.7%.
🏠 9.9 million are big family-sized homes — 3-4+ bedrooms.
💸 And even all of it together does NOT erase the 4-million-home shortage.

Translation: the "silver tsunami" is NOT a wave of cheap starter homes. It's move-up inventory — arriving gradually over a DECADE, peaking after 2036.

So if you're waiting for the tsunami to save you… keep waiting. Or call me and buy the right house NOW while everybody else sits on the sideline holding their breath. 🌊

Team WAIT or team BUY NOW? Drop it below 👇

Shelley Mitchell
📞 504-554-1554 | www.HomeLoansOfTexas.com
Serving Texas & Louisiana

10/11/2026

Things borrowers say that make me facepalm 🤦‍♀️

🚗 "I bought a truck!" …During preapproval. A TRUCK.
💳 "My credit's fine." It's 540.
💼 "I quit my job to find myself." Mid-loan. Find yourself AFTER closing.

I love y'all, but PLEASE — once you're preapproved, change NOTHING until we close. No big purchases, no job changes, no new credit. Call me before you do anything weird.

Serving Texas & Louisiana.

📞 713-545-2004 or 504-554-1554
www.HomeLoansOfTexas.com

09/23/2026

🏡 Want to buy your next home and rent out the one you’re in now? You may be able to close on the new home before you find a tenant.

Fannie Mae updated how lenders document rent from a current home you plan to turn into a rental. Instead of using a lease to establish that income, we can look at supported market rent, including rental comparisons. That could take a big timing headache out of your move. (selling-guide.fanniemae.com⁠)

Here’s the part I want you to know: the numbers still have to work. Fannie Mae uses 75% of the supported rent, then compares it with your current home’s full payment. The rent can help offset that payment, but any shortfall still counts when you qualify. If you’re new to managing rentals, reserve funds may be required too. (selling-guide.fanniemae.com⁠)

So before you rush to sell your home—or scramble to sign a tenant—let’s run the numbers. You may have another option.

Realtors, have a buyer who wants to keep their current home? Send them my way early so we can map out the move. 🩷

Shelley Mitchell | NMLS #108865
Serving Texas & Louisiana
📱 504-554-1554

Address

15260 TX-105, Suite 230-I
Montgomery, TX
77356

Telephone

+17135452004

Website

http://www.homeloansoftexas.com/

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