Home Loans

Whether you’re pur­chas­ing or refi­nanc­ing, we’re cer­tain you’ll find our ser­vice amazing!

If you’ll be pur­chas­ing but haven’t found the per­fect home yet, com­plete our appli­ca­tion and we’ll issue an approval for a mort­gage loan now with no obligation!

First, you’ll com­plete our online application!

The appli­ca­tion will ask you ques­tions about the home and your finances and takes less than 20 min­utes to com­plete. As soon as you’ve fin­ished the appli­ca­tion we’ll review your request for instant approval. If your appli­ca­tion is approved online, we’ll ask you for a deposit to cov­er the cost of the appraisal on your home so that we can begin to process your request imme­di­ate­ly. This deposit will be cred­it­ed towards your clos­ing fees at closing.
After com­plet­ing your appli­ca­tion, a Loan Offi­cer will con­tact you to intro­duce him­self or her­self and to answer any ques­tions you may have. Your Loan Offi­cer is a mort­gage expert and will pro­vide help and guid­ance along the way. If your request was­n’t approved online, he or she will ask you for any infor­ma­tion required to make a deci­sion about your loan.
If you are pur­chas­ing a new home, the Loan Offi­cer will also con­tact the Real Estate Bro­ker or the sell­er so that they’ll know whom to con­tact with questions.

We’ll send you an appli­ca­tion pack­age and pre­pare your loan for closing.

The appli­ca­tion pack­age will be sent to you and will con­tain papers for you to sign and a list of items we’ll need to ver­i­fy the infor­ma­tion you pro­vid­ed about your finances dur­ing the online application.

We’ll order the appraisal from a licensed apprais­er who is famil­iar with home val­ues in your area. Depend­ing on your finances and the loan amount request­ed, dif­fer­ent types of appraisals are used. Some­times the apprais­er will need to view the home. Some­times they are able to do their eval­u­a­tion from the street.

Title insur­ance will be nec­es­sary. If you’re pur­chas­ing a home, we’ll work with the real estate bro­ker or sell­er to ensure the title work is ordered as soon as pos­si­ble. If you are refi­nanc­ing we’ll take care of order­ing the title work for you. We’ll use the title insur­ance to con­firm the legal sta­tus of your prop­er­ty and to pre­pare the clos­ing documents.
We’ll con­tact you to coor­di­nate your clos­ing date.

After we received the appli­ca­tion pack­age back from you and the appraisal and title work, we’ll con­tact you to sched­ule your loan clos­ing. If you are pur­chas­ing a home, we’ll also sched­ule the clos­ing with the real estate bro­ker and the seller.

The clos­ing will take place at the office of a title com­pa­ny or attor­ney in your area who will act as our agent. A few days before clos­ing, your Loan Offi­cer will con­tact you to walk through the final infor­ma­tion so that there won’t be any sur­pris­es at closing.

That’s all there is to it! You’re on your way to the most con­ve­nient home loan ever!

A 15-year fixed rate mort­gage gives you the abil­i­ty to own your home free and clear in 15 years. And while the month­ly pay­ments are some­what high­er than a 30-year loan, the inter­est rate on the 15-year mort­gage is usu­al­ly a lit­tle low­er. You’ll also pay less than half of the total inter­est cost of the tra­di­tion­al 30-year mortgage. 

How­ev­er, if you can’t afford the high­er month­ly pay­ment of a 15-year mort­gage, don’t feel alone. Many bor­row­ers find the high­er pay­ment out of reach and choose a 30-year mort­gage. It still makes sense to use a 30-year mort­gage for most people. 

Who should con­sid­er a 15-year mortgage?

The 15-year fixed rate mort­gage is most pop­u­lar among young home­buy­ers with suf­fi­cient income to meet the high­er month­ly pay­ments to pay off the house before their chil­dren start col­lege. They own more of their home faster with this kind of mort­gage, and can begin to con­sid­er the cost of high­er edu­ca­tion for their chil­dren with­out hav­ing a mort­gage pay­ment to make as well. Oth­er home­buy­ers, who are more estab­lished in their careers, have high­er high­er incomes, and whose desire is to own their homes before they retire, may also pre­fer this mortgage. 

Advan­tages and Dis­ad­van­tages of a 15-year mortgage

The 15-year fixed rate mort­gage offers two big advan­tages for most borrowers:

• You own your home in half the time it would take with a tra­di­tion­al 30-year mortgage
• You save more than half the amount of inter­est of a 30-year mort­gage. Lenders usu­al­ly offer this mort­gage at a slight­ly low­er inter­est rate than with 30-year loans. 

Dis­ad­van­tages of a 15-year fixed rate mortgage:

• The month­ly pay­ments are rough­ly 10 to 15% high­er per month than a 30-year loan
• Because you’ll pay less in inter­est on the 15-year mort­gage, you won’t have the max­i­mum mort­gage inter­est tax deduc­tion possible. 

We take full advan­tage of an auto­mat­ed under­writ­ing sys­tem that allows us to request as lit­tle infor­ma­tion as pos­si­ble to ver­i­fy the data you pro­vid­ed dur­ing your loan appli­ca­tion. Gone are the days when it was nec­es­sary to ver­i­fy every piece of data col­lect­ed dur­ing the appli­ca­tion. The auto­mat­ed under­writ­ing sys­tem com­pares your finan­cial sit­u­a­tion with sta­tis­ti­cal data from mil­lions of oth­er home­own­ers and uses that com­par­i­son to deter­mine the lev­el of ver­i­fi­ca­tion need­ed. In many cas­es, a sin­gle W‑2 or pay stub can be used to ver­i­fy your income or a sin­gle bank state­ment can be used to ver­i­fy the assets need­ed to close your loan.

Yes, apply­ing for a mort­gage loan before you find a home may be the best thing you could do! If you apply for your mort­gage now, we’ll issue an approval sub­ject to you find­ing the per­fect home. We’ll issue a pre-approval let­ter online instant­ly. You can use the pre-approval let­ter to assure real estate bro­kers and sell­ers that you are a qual­i­fied buy­er. Hav­ing a pre-approval for a mort­gage may give more weight to any offer to pur­chase that you make.

When you find the per­fect home, you’ll sim­ply call your Loan Offi­cer to com­plete your appli­ca­tion. You’ll have an oppor­tu­ni­ty to lock in our great rates and fees then and we’ll com­plete the pro­cess­ing of your request.

There’s no cost at all for com­plet­ing our appli­ca­tion. After your loan is approved, you can decide whether you want to pay the appli­ca­tion deposit to cov­er the cost of the appraisal and final cred­it report so you can lock in an inter­est rate and we can begin to process your request. 

An abun­dance of cred­it inquiries can some­times affect your cred­it score since it may indi­cate that your use of cred­it is increasing. 

But don’t wor­ry! The data used to cal­cu­late your cred­it score does­n’t include any mort­gage or auto loan cred­it inquiries that are made with­in the 30 days pri­or to the score being cal­cu­lat­ed. In addi­tion, all mort­gage inquiries made in any 14-day peri­od are always con­sid­ered one inquiry. Don’t restrict your mort­gage search due to con­cerns about its impact on your cred­it score.