Mike Puente
NMLS #378624
Senior Loan Originator with Texas Lending Partners
A native of San Antonio, Mike has over thirty years of Retail Bank, Commercial lending and Mortgage Banking experience. Mike’s vast industry, home loan and construction loan experience allows him to help his clients navigate the mortgage process quickly and efficiently. He truly sees the family behind the finances and is committed to helping his clients understand each step in the mortgage process.
Mike joined Texas Lending Partners in the October of 2018, and is excited to continue to serve Wilson County, the Hill County and San Antonio communities. Mike enjoys educating his clients through the home loan process, helping them make educated decisions that will benefit both their short and long term financial goals. His commitment to home loan education doesn’t stop there, Mike also served as a trainer for NeighborWorks America, a national non-profit organization created by Congress, to help educate professionals “on the ground” about affordable housing opportunities, and finding long term solutions for individuals and families with limited budgets.
For his experience and expertise, Mike was selected and served as the President of the San Antonio Texas Association of Mortgage Brokers in 2008-2009 He is a true leader in the industry, and is grateful to have the opportunity to share his expertise with his clients and peers.
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Offering Purchase loans and construction to permanent loans
We offer what is known as a two-time close construction loan. As you can probably guess, that means you will close on two separate loans. Your first loan funds your construction. The second loan comes into play once your home ready to move in. This loan pays off your construction loan and works like a traditional mortgage refinance.
We will process and underwrite both loans from the beginning so you can get approved for your construction loan and conditional approval for your final loan.
In a traditional loan, once you close the funds are released in a lump sum, but funds from the construction loan are used to pay for materials and labor as the home gets built. In a traditional loan, you make both principal and interest payments each month, but during construction, you only need to pay for interest each month. You can choose to pay it off monthly or upfront in a lump sum.
