ATTENTION: For Those who are serious about Getting Pre-Qualified FAST!
Bill Rapp, Mortgage Originator: NMLS 228246
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HERE'S WHAT MY CLIENTS SAY:
What People Are Saying:
Excellent Service
Bill is an exceptional loan officer. He helped us to purchase our home with very personal and professional service. He helped us navigate the whole process from start to closing without any problems. We didn't think we're qualified to purchase a house, but Bill went above and beyond to find a way to help us achieve our goal. He always responded very quickly with our requests, he would come back with different options with comparison chart to clearly indicate how much we need for down payment, monthly payments, interest rates, closing costs etc.
We would highly recommend Bill to anyone in need of lending services. In fact, we have already recommended Bill to one of our friends on purchasing a house.
--- David Chan - Houston, TX
Bank Statement Lending!
William Rapp of Network Funding, L. P. was very professional and I felt comfortable in dealing with him. I will definitely recommend him to family and friends.
--- Ian F - Missouri City, TX
Professionalism - Expert In Home Style Loan
Bill is an expert in the topic, his explanations and online material make a difference and he is always there from the beginning to the end. He is committed to make thing happen.
--- Felipe Caldern & Carolina Angel Gutierrez
Great Service!
Bill Rapp's handling of our loan (even though out of state) was unparalleled to any service I have been through prior, including 3 different real estate transactions and multiple refinances. Extremely quick close, with great options and flexibility for my families needs. All around A+
--- Chris & Beth Sheehan - San Jose, CA
Knowledgeable and Responsive!
Bill was a pleasure to work with and he made the loan process fairly easy. He answered all questions I had very quickly and was straight forward in doing it. I would recommend Bill to others.
--- Wes Brady - Richmond, TX
Very professional and always returned our calls!
Bill takes a lot of pride in his job and is very dependable. They were very patient and understanding. He went out of his way and explained all my questions and concerns. They were very professional and returned my phone calls and emails. He did a great job and I fully recommend him.
--- Therese, Malcom & Shirley Teixeira - Katy, TX
Great Job!
Bill helped us out from beginning to end of loan process. The loan closed in a timely manner as Bill worked hard with bank to get our to the final steps.
--- Kamal & Theresa Wilson - Hartford, CT
Avid Problem-Solver and Absolute Pleasure to Work With!
Bill Rapp worked very hard to ensure that we closed our loan and were able to move into our new home. He always had alternatives to any problems we encountered while closing. He worked with us from the beginning identifying solutions to any problems that we were having. He was an absolute pleasure to work with!
--- Nikita Rayani & Sanit Tejani - Houston, TX
Awesome to work with!
Being a first-time buyer I came in with lots of questions and concerns. Bill was always available for any questions I had and answered everything to my satisfaction. Bill made the loan process so painless that I could still concentrate on other things. We ended up closing early which made things even better. If you are in need of a lender and want someone who is very approachable and stays on top of your loan then Bill is your guy.
--- Cesar Raya - Richmond, TX
Loan Declined by my bank, and he saved the day!
Bill, did an amazing job helping me close on my house. He took the reigns and reassured me the best route to take to help close. He was accountable, thorough and trustworthy. I will continue to work with Network Funding, L.P. when it comes to home buying in the future because of the quality of service Bill gave.
--- Jacob Smith - Boerne, TX
Bill Rapp Will Definitely Make It Happen!
Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.
--- Corinne Wilson - Roselle, NJ
Knowledgeable, Honest, Trustworthy, and Reliable!
"I will definitely keep you in mind. If anyone I know needs financing, I will send them your way!"
--- Jon & Andrea Saleem, CRPC Financial Advisor - Houston, TX
Best Dam Mortgage Guy a man could know!
"Hands down the best loan experience to date!"
--- Gabe & Chelsea Jackson - Pearland, TX
Phenomenal, Hard Working and Never Quits!
Had a stupid foreclosure that could have been avoided if ex’s attny would have sent my buy out offer. So Bill was able to push this through with a 4 year foreclosure. He worked his butt off, was very diligent with his communication; and was very professional talking to me even when I was screaming and/or crying at him. Highly recommend this lender. He really go to the ends of the earth to help you!
--- Liz Keeter - Harlingen, TX
Exceptional customer service!
Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.
--- Isha Lopez & Mauricio Garcia - Houston, TX
Service with a capitol S
Bill went above and beyond at every turn. He worked late on Saturday, he worked late all the time. We wanted to close ASAP and he really helped make it happen for us.
--- Jeff & Wendy Heger - Houston, TX
Best Buying Experience!
I would would highly recommend going with Network Funding LP. As a first time home buyer I didn't know what to expect. Bill Rapp was very helpful in answering all my questions and guided me through all ghe steps. I couldn't have asked for a better buying experience!
--- Tabitha Turner - Humble, TX
Would recommend him and use him again!
Very involved and professional . Kept me informed and up to date on everything that was going on Went with me closing and was very helpful and knowledgeable.
--- Kathy Ward - Houston, TX
Great experience!
Well I meet bill back in December 2016 he got recommended by my real estate agent we had a house in sight and started the process to get approved but we fail due to my work history and credit bill told me not to give up and put me in contact with a credit repair company they help me bring my score up and bill walk me thru the process of getting a new line so this time around we got approved before looking for our house after we found it we still had a couple of hick up but with bills help on Sunday 6-18-17 to be exact Father's Day bill called me to give me the great news that we had got approved and the closing date was as scheduled bill was more than just a lender to my family he became a friend and I'm alway going to have him in mind for any other financial situation.
--- Alejandres Felimon - Richmond, TX
I really liked his attitude!
I wouldn't usually say this but the way he had handled my mortgage was really pleasant. I personally enjoyed the time spent with him while we discussed feasible rates. He's a great man with a great personality and he offered really low interests as well. Definitely recommend him to others.
--- Tom Troiano - Atlantic City, NJ
He's nothing short of a miracle!
I'm a self-employed businessman and had him figure out the mortgage of the house after 30% down payment. The interest rates I received were incredibly low given what I had thought of earlier. One other important thing to note was that I hadn't really taken any loans earlier, so I had no credit history. He helped me out with all that as well so I can't really call him anything else but a miracle.
--- Fran Suarez - Cleveland, OH
He's really helpful!
I made a bid to him and the very same day he gave me an offer which I couldn't resist. It was too intimidating with those incredibly low interest rates and all, thoroughly recommend him.
--- Kenny Mickle - Houston, TX
Expeditious!
Bill was very expeditious and made it real easy going through the loan process. I felt he was on top of things.
I deal with investment properties and will more than likely call on him again.
--- Wayne King - Pensacola, FL
Bill was great!
Bill made us feel like a friend all the way thru the process. He was patient and explained everything he needed clearly. He was available ANYTIME we had questions or needed more information. Hopefully we won’t go thru this process again anytime soon, but if we do - we’d choose Bill! =)
--- Barbra & Nick Grimmer - Austin, TX
Great broker!
Bill was a great broker to work with. As first time home buyers we had many questions about the process, Bill took the time to help us even calling us back on weekends with answers. I would not hesitate to recommend him to anyone looking for a broker to work with.
--- Murray & Lisa Turner - Pensacola, FL
Outstanding service!
I couldn't have been more pleased with Bill's level of service. He made what is typically a lengthy, arduous process far quicker and easier at every turn. I'm extremely comfortable recommending Bill to friends and family, and will definitely utilize his services again!
--- Jim Lipari - Austin, TX
Step-by-Step Guide to the VA Loan Process
6 Easy Steps to a VA Loan
For many borrowers, applying for any kind of mortgage may seem daunting.
But, when broken down, this rundown of 6 steps to getting a VA loan is easy to understand.
1. Select a VA-approved Lender
On the surface, it might appear that any lender will do. However, if you dig a little deeper, you may discover that not all lenders are the same. First, only lenders approved by the U.S. Department of Veterans Affairs can originate VA mortgages. Secondly, some lenders focus primarily on conventional loans, while others concentrate almost exclusively on the VA loan program for military clients. Using a VA specialty lender with extensive knowledge about the VA loan process vs. a lender who only funds a few VA mortgages a year may translate into an easier and quicker loan process. To connect with a VA specialty lender, please click here.
2. Obtain a Certificate of Eligibility (COE)
An experienced lender can help you obtain what’s called a Certificate of Eligibility (COE). The COE will prove that you meet initial eligibility standards for VA loan benefits. It will also let the lender know how much entitlement you can receive, which is the amount the Department of Veterans Affairs will guarantee on your VA loan. To get your COE, you’ll need to give your lender a bit of information about your military service. Usually, a COE can be acquired online instantly through a lender’s portal or through the eBenefits portal on the va.gov website. Those servicemembers or surviving spouses whose COEs cannot be obtained online will have to get theirs by mail. A VA lender or the VA can help direct you to the right resource for your specific situation.
3. Pre-Qualify for Your Loan Amount
Pre-qualifying is important, but not required. By choosing to complete this step you can save some time and potential surprises later in the process. To pre-qualify for your loan amount, you’ll have a candid conversation with your VA loan professional about your income, credit history, employment, marital status and other factors. Giving your lender complete details during the pre-qualifying step can help prevent surprises later during underwriting. The pre-qualifying step can also reveal areas that need improvement before you can be approved, such as credit or debt-to-income ratio. While a prequalification letter gives you a ballpark price range for house hunting, it does not guarantee that you will be approved for a loan, and your lender will later have to verify the information you provide. To get a loan requires later final approval by underwriting once all documents have been received and reviewed (see Step 5).
4. Go House Hunting & Find Home
The fourth step is usually one borrowers enjoy because they get to look at homes they might consider buying. Working with a real estate professional who specializes in the VA process can help you get the most out of your benefits. This is true because the VA allows certain fees and costs to be paid by the seller (if both you and the seller agree), and a knowledgeable agent will know this and help you negotiate seller-paid fees. Once you’ve got a signed purchase agreement, you can move forward in the VA loan process.
5. Lender Processes Application
& Orders VA Appraisal
A signed purchase contract is the document you’ll need to finish your initial application. Once your lender has the contract, they will order the VA appraisal. Here again, not just any appraiser will do. Only a professional who is certified to perform appraisals to VA standards can evaluate the home being considered for VA financing. The VA appraiser will make sure the price you’ve agreed to pay for the home corresponds with the current value. Another very important part of the VA appraisal is to inspect the home to make sure it meets the VA minimum property requirements (VA MPRs). However, the VA appraisal does not take the place of a home inspection, which focuses on code violations, defects and the condition of the property. While many borrowers have heard horror stories about the length of the VA appraisal process, the Department of Veterans Affairs gives the appraisers 10 days from order to completion barring extenuating circumstances. While you’re waiting for appraisal documents, you’ll be busy submitting documents of your own to your VA-approved lender to show you have the ability to qualify for the loan. If the home passes appraisal for value and VA minimum property requirements, and it’s verified by the lender that you qualify for your loan, the underwriter will give his or her stamp of approval.
6. Close on Your Loan and Move In
After being approved by the underwriter, all that is left to do is close and move in. During closing, the property legally transfers from the former owner to you. Closing is a step that requires you to sign documents that confirm you understand and agree to the terms of the loan. You will need to provide proof of homeowners insurance and, if required, pay closing costs. Once you’ve signed all your closing documents, you’ll get the keys to your new home.
While these steps may not happen in the order above or be a required part (such as prequalification)*, they represent the typical process for the applicant in obtaining a VA purchase loan. Your lender may need to take other steps. For more information about VA loans, contact an experienced VA-approved lender.
My best advice to you is to call Bill Rapp, the Mortgage Viking, today to discuss your options 281-222-0433.
🏡 Houston Housing Inventory Hits a Record High: Why 2026 Could Be a Better Time to Buy 🔑
🏡 Houston Housing Inventory Hits a Record High: Why 2026 Could Be a Better Time to Buy 🔑
📈 Record Houston Homes for Sale: More Choices, More Leverage & New Opportunities for Buyers 🏠
Houston Has Record Housing Inventory: What It Means for Buyers
For the past several years, Houston homebuyers have dealt with a frustrating combination of limited inventory, intense competition, rising prices and higher mortgage rates.
Now, one part of that equation has changed significantly.
Houston has more homes available for sale than ever before.
According to the Houston Association of REALTORS® July 2026 Housing Market Update, active single-family listings reached 40,750 homes—the highest level ever recorded by HAR. That represents a 3.4% increase from the previous year and pushed Greater Houston to approximately 5.5 months of housing inventory.
For buyers who have been waiting for the Houston housing market to become less competitive, this is an important development.
It doesn't necessarily mean home prices are about to collapse. It does mean buyers may finally have something that was difficult to find during the pandemic-era housing boom:
Choices.
And more choices can create negotiating opportunities.
Houston's Housing Market Is Becoming More Balanced
Months of inventory estimates how long it would take to sell the homes currently listed if no additional properties entered the market.
Houston reached 5.5 months of single-family inventory in July, compared with approximately 4.6 months nationally.
That's dramatically different from the ultra-competitive housing market buyers experienced just a few years ago.
Instead of immediately competing with multiple offers on nearly every desirable property, buyers may have more time to compare:
·Homes
·Neighborhoods
·School districts
·Property taxes
·HOA costs
·Insurance expenses
·Builder incentives
·Mortgage options
·Overall monthly payments
That can change the entire homebuying process.
More Inventory Can Give Houston Buyers More Negotiating Power
A house sitting on the market doesn't automatically mean the seller will accept a low offer.
But additional inventory creates competition among sellers.
When several comparable homes are available in the same neighborhood, sellers need to give buyers a reason to choose their property.
Depending on the property, seller motivation and local market conditions, buyers may be able to negotiate items such as:
Purchase Price
Homes that have been sitting on the market longer may offer an opportunity for price negotiations.
Seller-Paid Closing Costs
Instead of focusing exclusively on price, buyers can sometimes negotiate seller contributions toward allowable closing costs.
Repairs
A less competitive market can make it easier for buyers to request repairs or credits following an inspection.
Interest-Rate Buydowns
Seller concessions may potentially be used toward eligible mortgage costs or temporary/permanent rate buydowns, subject to loan-program limits and lender guidelines.
That last strategy can be especially important because the purchase price is only one part of affordability.
Your Mortgage Strategy Matters More Than Ever
More inventory doesn't automatically make a home affordable.
The mortgage structure still matters.
A buyer purchasing a $400,000 home shouldn't simply ask:
"What's today's mortgage rate?"
A better question is:
"What financing structure gives me the best combination of payment, cash-to-close and long-term cost?"
As an independent mortgage brokerage, Medallion Funds can evaluate financing across multiple lenders and loan programs rather than limiting a buyer to one institution's product menu.
Depending on the borrower and property, potential financing options may include conventional financing, FHA loans, VA loans, jumbo mortgages, first-time homebuyer programs and other specialized mortgage products.
The right answer depends on your specific financial profile.
Don't Assume Record Inventory Means a Housing Crash
This distinction is important.
Record inventory doesn't necessarily mean Houston housing demand has disappeared.
In July 2026, Houston single-family home sales actually increased 1.6% year over year, while pending sales rose 2.6% to 8,215 contracts. Homes averaged 53 days on market versus 50 days one year earlier.
Prices also remained relatively resilient. HAR reported the single-family median price at approximately $340,000, while the average price was approximately $440,816.
In other words, Houston is seeing something more nuanced than simply "the market is crashing."
Supply has increased, but buyers are still buying.
That combination can create a healthier environment for buyers because additional inventory can reduce urgency without requiring a major deterioration in the underlying housing market.
Why Pre-Approval Matters in This Market
More negotiating leverage doesn't eliminate the need to prepare before shopping.
In fact, preparation may help buyers take better advantage of the current market.
Before touring homes, consider completing a mortgage pre-approval and establishing three numbers:
1. Maximum purchase price
Know what you can qualify for.
2. Comfortable monthly payment
The amount a lender approves and the amount you actually want to spend aren't necessarily the same.
3. Cash-to-close target
Understand your estimated down payment, closing costs, prepaid expenses and reserves.
Once those numbers are established, you and your real estate agent can evaluate properties based on the complete financial picture.
Look Beyond the Asking Price
Houston-area buyers should also consider the expenses that can materially affect their monthly housing cost.
For example, two similarly priced homes can have very different monthly payments because of differences in:
·Property taxes
·Homeowners insurance
·Flood insurance
·HOA assessments
·MUD taxes
·Interest rates
·Mortgage insurance
This is particularly important across Greater Houston, where tax rates, flood risk, insurance expenses and HOA costs can vary substantially from one community to another.
The cheapest house isn't always the cheapest house to own.
Should You Wait for Even More Inventory?
Trying to perfectly time a housing market is difficult.
Inventory could continue increasing. Mortgage rates could decline—or rise. Prices could soften in some Houston submarkets while remaining resilient in others.
Instead of trying to predict the exact bottom of the market, buyers should focus on whether today's combination of price, financing and negotiating leverage works for their personal situation.
The important question isn't:
"Is this the perfect housing market?"
It's:
"Can I structure a purchase today that makes financial sense for me?"
The Bottom Line for Houston Homebuyers
Houston's record housing inventory represents a meaningful change.
Buyers now have approximately 40,750 active single-family listings to choose from, while the market has expanded to roughly 5.5 months of inventory.
That can mean more choices, additional time to evaluate properties and potentially greater negotiating leverage.
But the opportunity isn't simply about finding a seller willing to negotiate.
It's about combining the right property, the right purchase price and the right mortgage strategy.
If you're considering buying a home in Houston, Katy, Fulshear or elsewhere in Texas, Medallion Funds can help you evaluate your mortgage options and determine what financing strategy fits your goals.
Bill Rapp
Partner & Capital Advisor | Medallion Funds
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