FIXED RATES: Ideal for homebuyers who have less than stellar credit and are actively seeking a home for purchase, a fixed-rate mortgage via an FHA loan also has the added benefit of circumventing the need for large cash down payments. How this is achieved depends on the individual circumstances surrounding the potential homebuyer. However, the common theme is shown to reflect the likelihood of a homebuyer receiving approval for their home loan & mortgage being increased with the government insurance loans serving to bolster their initial overtures towards buying a home. For instance, many homeowners who financed their residential purchase via outside means other than a fixed-rate FHA loan are often required to qualify under stricter standards and stringent, loan-based guidelines than those who explore their home buying options through a fixed rate FHA mortgage. Of which can include higher credit scores, longer history of positive credit lines, extended terms for their home’s mortgage, the potential for pre-payment penalties, and significantly larger down payment(s) deemed mandatory at the time of closing on the home’s eventual purchase. To further illustrate the [future] advantages of pursuing a fixed-rate FHA loan, we feel it’s necessary to make mention of the inherent refinancing opportunities that often come with securing an enviable mortgage & fixed-rate FHA loan when purchasing a home. If the home under review is the primary residence of the borrower, there is real refinance potential of nearly 98% of the property’s value at the time of purchase.
ADJUSTABLE RATES: In our tenure, it’s always been advisable to explore adjustable-rate options regarding an FHA loan for homebuyers who have experienced hindrances in qualifying for a home loan or preferred mortgage in the past. Such hindrances can be due to poor credit history (upwards of 581, at the very least) or if the prospective home buyer lacks a sizable down payment (often well above the required 3.5% of an adjustable FHA rate) needed in order to qualify for purchasing the home. While the required down payment of at least 3.5% and a minimum credit score of 580 are very similar to the requirements regarding a fixed rate FHA loan, there are several key differences between the two that are important to reference. Firstly, an adjustable-rate FHA loan not only caters to low-interest rates based on the recent market but it affords the flexibility to consider a re-sale in the future without cutting into potential profits. Furthermore, taking command of an adjustable-rate mortgage via an FHA loan also presents the often-advantageous opportunity to not be financially fettered by a traditional fixed-rate mortgage (FHA loan or otherwise). Instead, an adjustable-rate mortgage quite literally lives up to its moniker: once the minimum rate fixation (5 years) has been satisfied by the homeowner, there are several options open to reduce mortgage rates, refinance the home, or test the seller’s market in the local real estate industry.
98% OF OUR CUSTOMERS RECOMMEND US
We shopped around for the lowest rate to refinance our current mortgage and no one could beat them.Our experience from beginning to end was outstanding!
I have never experienced a loan process that went so smoothly (this is my fourth). The team were amazing! They gave me the lowest rate among three lenders that I spoke with, they were always available and very friendly and I had communication with them throughout the entire process, they always kept me up-to-date with the file and everything went very smooth, even with some credit issues I have. And the loan was completed before we were scheduled to close so we were able to close early. I have a friend who used another lender at the same time and she went through so many hassles and had to extend their closing. Next time she’ll use them also have a much better experience. Thank you!
From top to bottom our refinance with them was flawless. They was able to provide the best rate of anyone else we checked with, we were able to skip 2 mortgage payments, lower our monthly payment by almost 10%, and even walked out of closing with cash. We would highly recommend them to anyone looking for a new home loan or a refinance.
They work hard to get you the best interest rate and they have really low fees. That's first. But they also are great to work with, friendly and professional, and gets back to you in a timely fashion. I've purchased many properties and two now with them. I would recommend them to anyone and everyone.
They were perfect to work with every step of the way. They helped me find the right loan product for my situation and kept me informed with each and every step of the process. They made sure everything was in place and there were never any surprises, I loved the communication - they are definitely on top of it. They helped make this a painless process and my loan closed in a very timely manner. I would recommend them for any of your loan needs and I know they will find the best solutions for your situation.
Their team are THE BEST!! They went out of their way to make sure I was always taken care of. They gave me the lowest interest rate of any lender I met with and after my loan was already approved they found me a BETTER rate. They just kept looking even after the deal was done and they had no reason to, they lowered my rate and surprised me with a lower payment. Who does that?!? And their team was so friendly and professional they just made the whole process great. I will tell everyone I know to use their team every chance I get- Thank you!!!
They are a great team of loan officers who helped me buy a new house last summer. Their team was always quick to answer my questions and was very knowledgeable. I would highly recommend them to anyone looking for a new team of loan officers. Their friendly and outgoing personality make them a delight to work with.
I've had the pleasure of working with them twice for a new loan origination and a refinance. Both instances they completely exceeded my expectations. On our original loan, we were looking for our first home while my wife was pregnant with our first child. It is generally an extremely challenging time to look for a home and go through your first loan process, but they made the experience pleasant and easy as they are exceptional on their knowledge and follow-up. When we were ready to do a refinance we went through them again and it was a very easy low stress process that ended up saving us a lot of money. I am very happy to recommend them in the highest regard, they are exceptional at what they do and are a pleasure to work with. Thanks!
They helped my husband and I purchase our first new home. They were fantastic, with lightning quick responses and willingness to work around our schedule. In addition, they made the process super easy, from pre-qualification to closing. We would recommend their team to anyone looking to purchase a new home!
Our team of mortgage professionals are licensed in multiple states to give you the best rates and mortgage experience possible.