CTX Mortgage Co. is the mortgage service division of Centex, one of the nation’s foremost home builders. Centex was founded in 1950 and today it home building division operates in major US markets. The mortgage division is licensed in 46 states and the District of Columbia. CTX Mortgage was founded in 1973 to help finance Centex homebuyers. It is now one of the largest non-bank retail mortgage originators in the country with more than 200 offices. The Chairman, President and Chief Executive Officer of CTX Mortgage Company, LLC is Timothy M. Bartosh. Centex Corporation is consistently viewed as one of “America’s most admired companies” in the Fortune Magazine polls.
CTX Mortgage funds a variety of loans. They consider themselves able to find just the right mortgage program to fit their customer’s needs. Their loan professionals are ready to talk to the potential customer about his funding needs to insure a perfect funding fit. In the meantime, here are some of CTX Mortgage’s offerings:
Loans Funded by CTX Mortgage Co
- 100% Stated Purchase
- 105% Purchase–finance the closing costs!
- 95% No Ratio–only bank statement and job history required
- 95% No Doc–don’t disclose anything!
- 100% Second Home
- 100% Investor Purchase
- 100% Purchase Less than Perfect Credit
- 90% 1st Mortgage Seller Carryback
- 100% Purchase Sub-Prime
- 100% Post Bankruptcy Discharge
- 80% 1st Mortgage Seller Carryback
- 100% Collection, Charge-Offs, Late Payments
Beginning with pre-approval and ending at closing CTX Mortgage will guide their clients through the eight steps they’ve defined as the mortgage process. Throughout the process CTX customers can access their loan information online in order to stay abreast of the status of their loan. Information is available after closing as well and the customer may make payments online. CTX prefers that a loan representative guide the client through the process, but applications may be started online and stored until completed.
CTX and Centex Corporation can be used for the entire home buying process. They are builders through Centex Homes, financers through CTX Mortgage and title insurance suppliers through Commerce Title. They can then issue a homeowners policy through Centex Insurance and provide pest control with their Home Team Pest Defense division!
Recent CTX Mortgage Co News
CTX Mortgage was in the news recently in conjunction with its parent company Centex Corporation for helping the Alabama Trails Association and Georgia Pinhoti Trail Association acquire 1,760 acres of pine and hardwood forest, including 266 acres along the border of Alabama and Georgia through their Land Legacy Fund. Purchased from Temple Inland, the newly acquired forestland protects three miles of trail corridor and culminates the effort of hundreds of volunteers who have worked for more than two decades to link the Pinhoti to the Appalachian Trail. Once complete, the trails will allow hikers to trek from Maine to Alabama. “Supporting the protection of the Pinhoti Trail is part of our company- wide commitment to balancing land conservation with responsible development,” said Jay Thrower, division president of Centex Homes’ Atlanta Metro. “We are pleased that we were able to help bring together the final link along this important historical trail.”
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