Mortgage Loans

We offer mortgage pre-approval, which lets you know how much you can borrow before you start looking for a home. We'll do a preliminary review of your finances and then give you a pre-approval letter that you can show to your real estate agent and sellers. The letter indicates that you are conditionally approved for a mortgage up to a certain amount. It lets sellers know that you're a serious buyer, and it may also give you an edge during the negotiations.

Mortgage closing costs are fees that are incurred during the underwriting process and are paid when finalizing the loan. They may include fees for the loan origination, appraisal, title insurance, attorney, escrow, recording, and other home-buying expenses. Closing costs typically range from 2-5% of the loan amount and can sometimes be negotiated to be partially covered by the seller.

For a conventional home loan, credit scores of at least 640 are preferred. Although your credit score is essential, we also consider other factors when making a loan decision, including your employment history, income, and current debts.

Private mortgage insurance (PMI) is a type of insurance that you are required to have if your down payment is less than 20% of the purchase price of the home. The purpose of PMI is to protect the lender if you default on the loan. PMI can be canceled when you have paid down your mortgage balance to 80% of the original loan amount or when your home's value has increased sufficiently to reach an 80% loan-to-value ratio.

A home appraisal is an assessment of a home's value. It's required during the underwriting process to make sure the property you are buying is worth the amount you are borrowing.

We offer a range of loans, including purchase money loans, refinance loans, construction loans, and permanent loans, as well as options to pay off construction loans and land construction loans.

We offer purchase money loans, refinance loans, construction loans, permanent loans to pay off construction loans, and permanent loans to pay off land construction loans.

To prequalify, you will need two years of tax returns, two months of bank statements, one full month of your most recent pay stubs, and the total amount you need to borrow. You will also need to complete a Prequalification Credit Authorization form. After you agree on a price with the seller, you will need an agreement of sale and a completed mortgage application, which can be submitted in person or online.