Texas Lending

TexasLending.com CEO, Kevin C. Miller, today announced that Texas Lending is preparing to hire 50 new employees before March 30th, 2009.

Texas Lending Announces 110% Increase in Home Loan Applications due to mortgage rates below 5% in the coming months.

Texas Lending is preparing for a refinance boom to rival the boom seen in 2002 and 2003. The market is poised to see mortgage rates dip below 5.25% for a 30 year mortgage and have an excellent chance of dipping below 5% in the next three months.

From June to July, TexasLending.com saw a 15% increase in loan applications according to President and CEO Kevin Miller.

While the rest of the nation sees increasing numbers of mortgage defaults Texaslending.com is doing it right in Texas.

Since 2003 the industry has contracted over 70% in terms of loan production. In that same time period Texaslending.com has increased production by 35%.

In July Texaslending.com has added 7 new loan consultants as FHA loan production hit an all time high at the company.

FHA loans now account for over 50% of all home purchase applications in Dallas and at Texaslending.com FHA is now 65% of TexasLending.com’s pipeline.