Advertised Mortgage Rate Conditions

Advertised Mortgage Rate Conditions

  • Purchase transactions only.
  • Annual Percentage Rate (APR) calculations assume a purchase transaction of a
    single-family, detached, owner-occupied primary residence; a loan-to- value ratio
    equal or less than 75%; a minimum FICO score of 740; and a loan amount of
    $300,000 for conforming loans
  • Annual Percentage Rate (APR) calculations assume a purchase transaction.
  • Rates may be higher for loan amounts under $300,000 and over $417,000
  • Closing Costs assume that borrower will escrow monthly property tax and
    insurance payments.
  • Subject to underwriter approval; not all applicants will be approved.
  • Fees and charges apply.
  • Payments do not include taxes and insurance.
  • Turbo Mortgage 15 day lock pricing
  • Texas Properties Only
  • Mortgage insurance is not included in the payment quoted. Mortgage insurance
    will be required for all FHA and VA loans as well as conventional loans where the
    loan to value is greater than 80%.
  • Restrictions may apply.
  • Lender Fee $895
    Processing Fee $600
  • Title Services or Lenders Title Insurance $300
  • Rates and fees are subject to change without notice.

Turbo Mortgage

Turbo Mortgage LLC is a mortgage broker, performing licensed loan origination services in Texas.

Sam Trantham- President/ Broker of Record
NMLS license number: 1752863

Turbo Mortgage LLC
1202 Lakeway Drive, Suite 5B
Lakeway, Texas 78734

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CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV