LOCAL REALTOR
Mary Bradley
REALTOR, Keller Williams Realty Heritage
UIW-area real estate guidance
The short answer
Prepare the borrower, occupancy and property questions that determine which financing options need review. This guide organizes 25 sourced questions for University of the Incarnate Word.
Prepare your next decision
- Define who will occupy the home and who will borrow or hold title.
- Gather the actual price, down payment, income and complete ownership costs.
- Ask the assigned financing professional to review eligibility and terms; school guidance does not establish a loan approval.
How does CFPB define debt-to-income ratio?
Add monthly debt payments and divide by gross monthly income.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What example DTI does CFPB give?
CFPB’s example uses $2,000 of monthly debt and $6,000 of gross monthly income, producing a 33% DTI.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What does CFPB say loan type affects?
CFPB says loan type affects the required down payment, total loan cost including interest and mortgage insurance, and borrowing/house-price range.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What does CFPB say about conventional loans?
CFPB describes conventional loans as the majority of loans; they typically cost less than FHA loans but can be harder to get.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What does CFPB say about FHA loans?
CFPB says FHA loans have low down payments and are available to borrowers with lower credit scores.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
Who does CFPB identify as eligible for VA loans?
CFPB identifies veterans, servicemembers, and surviving spouses as the relevant borrower group.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
Who does CFPB identify for USDA loans?
CFPB describes USDA loans as for low- to middle-income borrowers in rural areas.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
How do 15- and 30-year terms differ?
CFPB says a shorter term generally means a higher monthly payment but less interest over the life of the loan; its comparison includes 15- and 30-year terms.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What is the key fixed-rate versus ARM distinction?
CFPB says the choice affects whether the interest rate and monthly principal-and-interest payment can change.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
When is mortgage insurance typically required?
CFPB says borrowers making a down payment of less than 20% typically need mortgage insurance.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What does CFPB say “estimated cash to close” includes?
CFPB says Estimated Cash to Close includes the down payment and closing costs, minus any deposit already paid to the seller, seller credits, and other adjustments.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What assumptions underlie CFPB’s rate comparison examples?
The examples assume a $400,000 primary residence, 10% down, a 700 credit score, a conventional 30-year fixed loan, specified discount points, and a 60-day rate lock.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What does CFPB say a higher down payment generally does?
CFPB says it typically lowers the interest rate and reduces the loan amount, lowering borrowing costs.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What tradeoff does CFPB identify for a 15-year mortgage?
CFPB says a shorter term generally has a lower rate and higher monthly payment, while more of the payment builds equity and less goes to interest.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
What does a mortgage interest rate represent?
CFPB defines it as the annual cost of borrowing expressed as a percentage; it does not include fees or other charges.
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
How should a San Antonio buyer evaluate property taxes?
Use exact BCAD parcel taxing units, taxable value and exemptions; an area aggregate is not a universal parcel rate.
Source guidance recorded on 2026-08-28. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
What can make an owner-occupant’s tax bill differ from an investor’s?
Homestead, age/disability exemptions and ceilings can materially affect taxes; verify eligibility.
Source guidance recorded on 2026-08-28. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
Can a buyer substitute a ZIP home-value index for an appraisal?
No. The saved ZHVI and sale medians are dated indicators, not property-specific valuations.
Source guidance recorded on 2026-08-28. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
Should a parent budget using a nearby ZIP’s rent as a property quote?
No. The dated asking-rent summaries are screening references, not a quoted rent or achieved lease for a specific home.
Source guidance recorded on 2026-08-28. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
What costs should be included beyond mortgage principal and interest?
The saved buyer/investor review calls for property-specific taxes, insurance, operating costs and applicable HOA or condo costs.
Source guidance recorded on 2026-08-28. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
Is there a filing fee for a TAD homestead exemption?
TAD says there is no fee for filing a homestead-exemption application.
Source guidance recorded on 2026-10-07. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
What additional school-district homestead exemption currently applies to a Texas homeowner age 65 or older or disabled?
Current Texas law provides an additional $60,000 school-district residence-homestead exemption for a person age 65 or older or disabled, on top of the general $140,000 school-district homestead exemption.
Source guidance recorded on 2026-10-07. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
How does TAD describe an appraisal protest path?
TAD directs owners to review market value, attempt online resolution, and use the formal review/appeal procedures if needed.
Source guidance recorded on 2026-10-07. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
Does a standard home policy cover flood damage?
Texas Department of Insurance says most home policies do not cover flood damage; a lender requires flood insurance if the home is in a designated flood zone.
Source guidance recorded on 2026-10-07. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
Is windstorm insurance required by Texas law?
TDI says windstorm insurance is not required by law in Texas.
Source guidance recorded on 2026-10-07. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. Historical source observation retained; its original period is not a current verification date.
Sources & editorial context
University housing information is organized from the linked sources, with its original review date shown. Rates, deadlines and availability can change; use the applicable academic year and check the source before committing. CollegeHousing.ai is independent of University of the Incarnate Word.
Get help with your next decision
Mary Bradley, REALTOR at Keller Williams Realty Heritage, is the local real estate contact. Matt Dean, NEXA Lending, NMLS #227603, is the financing contact.