Stephan Akin, President of Akin Mortgage, LLC, has spent over 20 years in the mortgage industry and has been listed as one of the top mortgage loan originators in the nation. In addition, Stephan has been selected multiple times by D Magazine as one of the 'Best of Dallas' in mortgage lending. Let Stephan's experience and creativity help you find your perfect mortgage.
All mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Stephan Akin to receive a personalized rate for your specific situation. Getting a mortgage is a process that most of us dread. Steve made the process easy and efficient.
All mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Stephan Akin to receive a personalized rate for your specific situation. Getting a mortgage is a process that most of us dread. Steve made the process easy and efficient.
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Stephan Akin has worked in the real estate industry for 30 years. First as a Realtor, then as a home builder and for the past 20 years, as a mortgage banker. Prior to becoming a mortgage banker, he was the vice president of marketing and architecture for one of the nations top 10 home builders during which time he won national awards for his marketing efforts.
A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. The maximum limit for a conforming loan depends on the county and state you live in.
The FHA (Federal Housing Administration) home loan is one of several government-insured loans. The FHA doesn't lend money directly to home buyers; they insure lenders against losses that may occur from client default. Because of this, lenders have less strict requirements for borrowers. One of the features borrowers enjoy the most is the low minimum down payment, which is typically less than the requirements for a conventional loan.
Fixed-rate mortgages are probably the most common type of mortgage. You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan. A fixed-rate mortgage (FRM) is a type of mortgage with a specific rate term. A fixed-rate mortgage has a fixed interest rate for the entire length of the mortgage term.
If you're looking to buy an expensive home and need a large loan amount, a Jumbo Mortgage could be the right option for you. Jumbo Mortgages exceed the conforming limit on loans set by Fannie Mae and Freddie Mac. In most states, the conforming limit is around $453,100, but varies by location. Other areas that are specified to have a higher cost of living have a higher conforming limit of about $679,650.
Reviews (1)
Tan Ward
Dec 03, 2019
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You could buy a home without Akin Mortgage, but I don’t recommend it. We switched to Stephan Akin from BBVA Compass and are so happy we did. Stephan knows a ton about the mortgage industry and because he has a smaller shop, he was able to take the time to research and explain options and concepts to us. He spoke to us with the warmth of a long-time friend and went out of his way to make sure we were taken care of. With any home purchase, there will be bumps along the way, but Stephan worked to smooth those bumps before we even knew about them. He is smart, trustworthy, kind, attentive, funny
