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Lone Star Bank is pleased to announce an arrangement with industry leader Gershman Mortgage to provide a broad assortment of home mortgage loan products.  All loans are provided by Gershman Mortgage, but Lone Star Bank staff will assist loan applicants with the process.

If you are interested in purchasing a new home or looking to refinance your existing home, please contact Carrie Foster NMLS #674263 at (979)500-4080 or at to get the process started.

Gershman Mortgage offers loan programs secured by primary, secondary, or investment properties.  They also offer conforming and non-conforming loans to meet the needs of all types of borrowers.

(i) Loans subject to credit and property approval.

(ii) Additional program terms and conditions may apply.

Conventional Loans

One of the most common loan programs that offers competitive interest rates and requires down payment of 20%. Standard documentation and fair-to-good credit score are necessary to qualify.

VA Loans

Offering Veterans, US Military service members and eligible surviving spouses benefits through a VA loan program. Loans guaranteed by the Department of Veterans Affairs, no down payment or mortgage insurance required. The VA guaranty gives lenders greater degree of safety and flexibility which result in more competitive interest rates than non-VA loans.

FHA Loans

Insured by the Federal Housing Administration. Offers down payment as low as 3.5% in addition to a less stringent qualification process which is an attractive option to first time homebuyers. To protect lenders from a loss if the borrower should default, mortgage insurance premium is required on all FHA loans as well as mandatory collection of property taxes and homeowner’s insurance premiums in an Escrow Account.

Rural Housing Loans (USDA)

Government backed loans, lending up to 100% of the home’s appraised value. Qualifying properties must be located in USDA defined rural areas and communities to be eligible for USDA loan programs.

Adjustable Rate Mortgages (ARMS)

Adjustable rate mortgages offer lower initial interest rate in comparison to fixed-rate mortgages. Cap limits moderate how much the interest rate can change from one year to the next.

Uniform Residential Loan Application

Exhibit C Disclosure

For more information about Gershman Mortgage, please visit their website at
Lone Star Bank NMLS #1835362
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