Business Details
33 Years
experience
Your Trusted Mortgage Partner in Richardson, TX
Mercantile Mortgage has been dedicated to providing exceptional mortgage services to Texas residents since 1993. Our team of experienced professionals prioritizes personalized financial solutions, ensuring each client receives tailored loan programs that meet their unique needs. With a focus on transparency and security, we maintain the highest standards of client confidentiality and community trust. Our expertise spans FHA, VA, conventional, jumbo, and DSCR loans, as well as refinancing options.As a division of Bankers Residential Mortgage Corporation, we combine decades of industry knowledge with competitive rates to deliver reliable, client-centric service. Our commitment to building lasting relationships extends to homeowners, realtors, and industry partners, ensuring every transaction reflects our dedication to excellence. By keeping operations local and accessible, we remain deeply connected to the communities we serve while maintaining compliance with all regulatory standards.
Services
FHA Loans
DSCR Loans
Conventional Loans
Jumbo Loans
VA Loans
Refinancing
Details
- Year established: 1993
Highlights and features
- We have over 30 years of experience serving Texas homeowners since 1993.
- Our team provides personalized loan programs tailored to individual financial needs.
- We maintain strict client information security and privacy standards.
- Our Principal Loan Officer offers transparent communication throughout the mortgage process.
- We specialize in multiple loan types including FHA, VA, and investment property financing.
What people say
Patient competent person
Great job
Knowledgeable
Trusted results
Transparent process
Services
FHA Loans
FHA loans provide accessible homeownership opportunities through government-backed financing. These mortgages require as little as 3.5% down payment and offer flexible credit requirements for first-time buyers. Our team specializes in helping Texas residents qualify for competitive FHA loan programs with seller-paid closing cost options.
DSCR Loans
DSCR loans enable real estate investors to qualify based on property cash flow rather than personal income. We offer these specialized programs without tax return requirements, allowing Texas investors to grow their portfolios with flexible terms and higher loan limits.
Conventional Loans
Conventional loans deliver cost-effective financing for borrowers with strong credit profiles. Our Texas clients benefit from down payments as low as 3% and competitive rates, with options to avoid mortgage insurance through 20% down payments on qualifying purchases.
Jumbo Loans
Jumbo loans serve Texas homebuyers seeking financing for luxury properties exceeding conventional limits. We provide competitive terms for high-end real estate transactions, requiring strong credit profiles and larger down payments for premium market properties.
VA Loans
VA loans offer zero-down payment options for eligible veterans and service members. Our team facilitates these U.S. Department of Veterans Affairs-backed mortgages with competitive rates and reduced closing costs, honoring Texas military families' homeownership needs.
People
Ed Fussell
Principal Loan Officer
Ed Fussell brings decades of mortgage expertise to Mercantile Mortgage as Principal Loan Officer. Licensed in Texas with NMLS #309042, he specializes in building long-term client relationships through transparent communication and personalized loan solutions for homebuyers and investors.
Questions
What loan programs do you offer for first-time homebuyers?
We specialize in FHA loans requiring 3.5% down, conventional loans with 3% minimum down, and VA loans with zero down payment options for eligible veterans.
Can investors qualify for mortgage loans without tax returns?
Yes, our DSCR loan programs allow real estate investors to qualify based on property cash flow rather than personal income documentation.
Do you offer refinancing options for Texas homeowners?
We provide mortgage refinancing solutions to lower rates, reduce payments, or access home equity through cash-out refinances tailored to Texas property owners.
Are jumbo loans available for luxury home purchases?
Yes, we offer jumbo loan programs for high-value properties exceeding conventional limits, with competitive rates for qualified Texas homebuyers.
How do I start the mortgage application process?
Begin by contacting our Richardson office at (972) 661-9988 or using our online tools to connect with a loan officer for personalized guidance.
