Buying

What can I afford to buy?

Each buyer is unique — and we'll help you find out just what you can afford. Your income and your debts will typically play the biggest roles in determining your price range.

Do I have enough money to buy my first home?

We offer a range of mortgage programs, and we'll help you determine which can work for you — some of our loans require zero money down. Others require only a 3.5% down payment. You'll also need to consider closing costs and the escrow account for taxes and insurance. But don't get overwhelmed. Call me for professional advice.

What about my less-than-perfect credit report?

There are special solutions program can help however most loan programs we offer require a minimum credit score of 620. We offer loan options ideal for those who have a few "dings" on their credit report. We try to work with every customer to develop an individual mortgage program - we call it your personalized rate, because no two are alike. We try to develop a custom program based on your credit worthiness.

What's the best loan program for me?

That depends on a number of factors, including how long you'll stay in the home,  how much money you'll put down and how you'll finance the closing costs.

What are the tax benefits to owning a home?

You may be able to deduct the interest you pay on the mortgage loan and some of the financing costs of the home, such as points. And your property taxes could be deductible. You should consult your tax advisor for more information.

What do I need to know about the mortgage loan process?

Just this — you've come to the right place for a loan process that's fast, clear, and even fun! We've worked hard to simplify the process and provide the best loan experience anywhere, online or off. Too good to be true? Not at all.

What can I expect after I become a homeowner?

Besides unpacking boxes? You can expect that we'll continue to provide first-rate support and service. Go online anytime to monitor your loan activity, like principal, escrow, and taxes. And of course, we're always here to help: contact us by email or by phone.

I want to move up to a better home. What can I afford?

Each buyer is unique — and we'll help you find out just what you can afford. You already know that monthly income and financial obligations are most important in determining your price range.

I'm buying a second home. Is it a different process?

No. Whether you need to be near the water or in the mountains, a vacation home offers an opportunity for fun and relaxation — and we make it just as easy to obtain a mortgage. But keep in mind you'll need to identify sources for your down payment, since you're not selling your current house and using the proceeds, and you'll need to expect a larger monthly obligation for housing expenses. We'll work with you to create a customized loan program with the best combination of rate, points, and closing costs for your needs — we call it our personalized rate because no two are alike!

Do I have to pay Private Mortgage Insurance (PMI)?

Our loan programs for down payments of 20% or less do not require you to purchase Private Mortgage Insurance (PMI). Instead, we have a Low Down Payment Rate Adjustment that is added to the interest rate. In most cases, it will cost less than PMI and, if you itemize deductions on your taxes, this may provide you with an additional tax deduction opportunity. Please consult your tax advisor.

What if I don't sell my current house?

You may qualify for a new loan without even selling your current home. We'll help you determine what might work for you.