You can start the application process on our website by filling out the form online, setting up a loan consultation appointment, or calling us on the phone. There is not an application fee.
Application: Unlike banks and credit unions, we are available to take your loan application over the phone or you can apply securely online or through our app.
Pre-Approval: A pre-approval requires you to provide documentation to verify your income, assets and credit, including bank statements, pay stubs, and federal tax returns. The value of a pre-approval is much higher than a simple pre-qualification in this market.
Property Search and Offer: Working with your realtor is the fun part! The realtor will submit the offer to the seller.
Underwriting: Underwriting will review all of your documents once you are under contract (your offer has been accepted). If you receive an "initial approval" from underwriting, additional documents may be required to receive a final approval.
Loan Approval: You receive final approval from the lender (clear to close).
Closing: The final paperwork is signed by all parties and the loan is then funded and recorded.
We offer a range of home loan options, including Conventional, FHA, VA, USDA, Jumbo, Bank Statement, Asset Qualifier, Refinance, Reverse Mortgage, and so many others. Each loan type has unique features to suit different financial situations. Let our expertise guide you to find the one that is right for you.
Mortgage eligibility is influenced by factors such as credit score, income, employment history, and debt-to-income ratio. These factors help determine your ability to repay the loan.
Your borrowing capacity depends on your income, expenses, creditworthiness, and the type of loan you’re applying for. We’ll work with you to find a loan amount that works with your budget and your comfort level.
Pre-qualification provides an estimate of how much you may be eligible to borrow, while pre-approval is a more thorough assessment based on verified financial information. Pre-approval strengthens your position when making offers on homes.
Interest rates are the cost of borrowing money. They directly impact your monthly payments and the total amount you'll pay over the life of the loan. Lower rates mean lower overall costs.
A higher down payment reduces the loan amount, potentially lowering monthly payments and interest costs. The down payment amount depends on the loan type and other factors.
Yes, you can refinance to adjust your loan terms, lower your interest rate, or take cash out. We can guide you through the refinancing process to determine if it's the right choice for you.
Closing costs include fees for services such as title company costs, setting up your escrow account (property taxes and insurance), origination fees from lender for underwriting, etc. We typically have the lender pay our origination fee to help keep your closing costs lower.