On the Blog

What Credit Score Do You Need to Buy a Home in Texas? A Loan-by-Loan Breakdown Credit scores are one of the first things lenders look at when you apply for a mortgage, but they're also one of the most misunderstood parts of the home buying process. Many Texans assume...

Dallas Housing Market May 2026: What Buyers and Homeowners Need to Know Right Now The Dallas housing market in May 2026 looks noticeably different from the frenzied conditions of recent years. Prices have softened, inventory is up, and mortgage rates are beginning to...

How to Get a Mortgage in Dallas When You're Self-Employed: A 2026 Guide Getting a mortgage when you're self-employed isn't harder — it's just different. The core challenge is documentation: lenders need to verify your income, and the way self-employed income is...

Dallas Property Taxes in 2026: What Buyers Pay, What They Can Save, and How It Affects Your Mortgage Property taxes are one of the biggest financial surprises for buyers moving to Dallas — especially those coming from states with lower rates. Texas doesn't have a...

Texas Homestead Exemption: What It Is, Who Qualifies, and How Much You Can Save If you own a home in Texas — or you're getting ready to buy one — the Homestead Exemption is one of the most valuable tax benefits available to you. It's not complicated, but it is easy to...

Buying your first home in Texas is one of the most significant financial decisions you will make. The good news is that you do not have to navigate it alone or fund it entirely on your own. The state of Texas, through both the Texas Department of Housing and Community...

What is a Jumbo Mortgage Loan? Understanding Your Options in Texas If you’re considering purchasing a home in Texas, you may have come across the term "jumbo mortgage loan." But what exactly does that mean? Simply put, a jumbo loan is a type of mortgage that exceeds...

Home Loan Grants for First-Time Home Buyers in Texas Are you a first-time homebuyer in Texas feeling overwhelmed by the idea of affording a home? You’re not alone! Many Texans share your concerns, especially when it comes to navigating the world of home loans and down...

How Do I Qualify for an FHA Loan? A Texas Guide for Homebuyers If you're a Texas homebuyer looking to make your dream of homeownership a reality, an FHA loan might be the perfect fit for you. Designed to help individuals with lower credit scores or limited savings,...

FHA vs. Conventional Loans: How Do I Decide? When it comes to choosing a home loan, understanding the differences between FHA and Conventional loans is crucial for Texas homebuyers. Both options have their unique benefits and drawbacks, and the right choice for you...

Texas Down Payment Assistance Programs: Do I Qualify? Navigating the world of home buying can feel overwhelming, especially when it comes to understanding how to finance your dream home. If you're a Texas resident looking to buy your first home or even your next one,...

10 FAQs About Financing with a DSCR Loan If you're a Texas homebuyer or investor looking to expand your real estate portfolio, you might have come across the term DSCR loan. Short for Debt Service Coverage Ratio loan, this type of financing offers a unique approach to...

FHA Loans in Arizona: What You Need to Know If you’re considering buying a home in Arizona, FHA loans might be just what you need to make your dream a reality. These government-backed loans are designed to help first-time homebuyers and those with less-than-perfect...

Can You Receive Gifts for Mortgage Down Payments? A Texas Perspective When it comes to buying a home in Texas, many first-time buyers often wonder if they can use gift funds to help with their down payment. The good news is that yes, you can! Gift funds can cover all...

What is the Minimum Down Payment for a DSCR Loan? If you’re looking to invest in real estate, you might have come across the term DSCR loan, which stands for Debt Service Coverage Ratio loan. Unlike traditional loans that rely heavily on your personal income, DSCR...

How to Refinance a Reverse Mortgage into a Conventional Loan Navigating the world of home loans can feel overwhelming, especially when it comes to refinancing a reverse mortgage into a conventional loan. But don’t worry, we’re here to help you understand the process...

Get the Best Rates on Your Mortgage Loan with Novus Dallas Are you ready to take the plunge into homeownership in the Dallas area? Finding the right mortgage loan can feel overwhelming, but with Novus Home Mortgage, you’re not alone. We’re here to help you navigate...

How Can I Get a Bank Statement Loan? A Texas Guide for Homebuyers If you're a self-employed Texan or someone with non-traditional income, you might find yourself wondering about bank statement loans. These unique financing options allow you to qualify for a mortgage...

What is Jumbo Financing? A Texas Perspective on High-Value Home Loans If you’re in the market for a home in Texas and your dream property comes with a price tag that exceeds the conventional loan limits, you might be looking at a jumbo loan. But what exactly is jumbo...

What is a Conventional Mortgage Loan? A Texas Perspective If you’re looking to buy a home in Texas, you may have come across the term “conventional mortgage loan.” But what does that really mean? In simple terms, a conventional mortgage is a home loan that isn’t...

What Are Seller Concessions When Buying or Selling a Home in Texas? Navigating the Texas real estate market can feel like a wild ride, especially if you’re a first-time homebuyer or looking to sell your property. One term you might come across in the process is...

The Median Age of Home Buyers in 2025: How Novus Can Get You in a Home Sooner with These 5 Loans As we look ahead to 2025, it's clear that the landscape of home buying is changing. The median age of home buyers has reached a record-high of 59 years old, reflecting a...

What Do I Do to Qualify for a VA Rehab Loan to Remodel? If you’re a veteran or active-duty service member looking to transform a house into your dream home, a VA rehab loan might be the perfect solution. This unique financing option allows you to purchase or refinance...

Is a 50-Year Mortgage a Good Idea for First-Time Home Buyers? What to Consider When it comes to buying your first home in Texas, you might have heard whispers about a 50-year mortgage. While the idea of extending your loan term to 50 years sounds appealing, especially...

DSCR Loans: What to Know and How to Get One Fast in Texas If you're a real estate investor in Texas, you might be exploring options to finance your next income-generating property. Enter DSCR loans—short for Debt Service Coverage Ratio loans. Unlike traditional...

How Do I Pay Extra Principal on a Home Loan? A Texas Guide When it comes to managing your home loan, you might wonder how you can pay down your mortgage faster and save money in the long run. One effective strategy is making extra principal payments. This simple...