SERVICES
Home Purchases & Refinances
Home Purchases & Refinances
Home Purchases & Refinances
Prequalification
Now that you’ve chosen me as your lender, I can help determine just what price range to look for and will be prepared to make an offer
Selecting a Real Estate Agent
To make the most of your search, you’ll want an experienced real estate agent who knows the local market well. I’m more than happy to refer you to a trusted partner.
Begin Your Search
Knowing what you’re looking for is critical when shopping for a home. Consider price, location, features, and style. Review this
at properties. Don’t forget to think about future, as well as current needs.
Lock in Your Rate
I will lock in a rate for you for up to 60 days and review your unique needs and circumstances to determine the loan program that’s right for you
Provide Documentation
I’ll provide you with a checklist of documents needed to approve your loan. Once I have these documents, I will submit them along with your loan application to our underwriters for review and approval.
Make an offer
When you find a home that meets your needs its time to make an offer. Before you and your real estat agent submit it to the buyer, I ask that you share it with me as well.
Home Inspection/Appraisal/Title Search
Send me a copy of the inspector’s report before signing sale agreement a certified appraiser will determine
the value of the home and a title search will be done to ensure that there are no outstanding liens on the property.
Sign Sales Agreement
Once your offer is accepted by the seller and you’ve received the results of the home inspection, you’ll be asked to sign a Pur- chase and Sales agreement and put down a deposit.
Loan Approval
I will notify you just as soon as your loan is approved. We will determine a location, time and date for your closing.
Walk Through and Settlement
At the Settlement, the attending attorney will review with you and have you sign all necessary loan documents. I will see to it that funding is provided and the seller will give you the keys to your new home.
Loan Products & Programs
Home Purchases & Refinances
Home Purchases & Refinances
Adjustable Rate Mortgage (ARM)
An adjustable rate mortgage (ARM) is a type of loan for which the interest rate can change, usually in relation to an index interest rate. Your monthly payment will go up or down depending on the loan’s introductory period, rate caps, and the index interest rate. With an ARM, the interest rate and monthly payment may start out lower than for a fixed-rate mortgage, but both the interest rate and monthly payment can increase substantially.
Fixed-rate mortgage
A fixed-rate mortgage is a type of home loan for which the interest rate is set when you take out the loan and it will not change during the term of the loan.
Mortgage insurance
Mortgage insurance protects the lender if you fall behind on your payments. Mortgage insurance is typically required if your down payment is less than 20 percent of the property value. Mortgage insurance also is typically required on FHA and USDA loans. However, if you have a conventional loan and your down payment is less than 20 percent, you will most likely have private mortgage insurance (PMI)
FHA
loan is a type of mortgage insured by the Federal Housing Administration (FHA), While the government insures these loans, they’re actually underwritten and funded by third-party mortgage lenders approved by the FHA. You’ll find many big banks and other types of lenders offer them.
FHA loans have a low minimum credit score and payment requirement, which makes them especially popular with first-time homebuyers. You can get an FHA loan with a credit score as low as 580 if you have 3.5 percent of the home’s purchase price to put down, or as low as 500 with 10 percent down. These flexible underwriting standards are designed to help more borrowers become homeowners.
You can’t buy just any home with an FHA loan, however. Based on your credit and finances, the lender determines how much mortgage you’d qualify for, within the FHA loan limits for your area. You can’t use this type of loan to buy an investment property or vacation home, either.
Other programs range from
- Cash outs
- Refinance
- Bank Statement
- Investments
- No to little down payments
- Self Employed
- Second Chance Mortgages
- Streamlines
- Grant Programs
- 203k