As a first time home buyer the whole process is very stressful and daunting. Audrey was able to explain each step, empathize with my concerns, and bring much needed peace throughout the process. There was never a time where I felt ignored or ignorant with my questions. I couldn't recommend Audrey enough.
Lisa L May 11, 2022
Provided excellent guidance throughout my home buying experience.
Patricia B May 08, 2022
Over all going above and beyond, was available through every step of the process, and always taking the time to explain everything. We would recommend Audrey and her assistant in a New York second
Nancy M Mar 16, 2022
Audrey was absolutely amazing. She was helpful and patient with us throughout the whole process. Buying from halfway across the country was not an easy task, but she made it seamless. We cannot recommend her enough!
Alyssa S Feb 03, 2022
Audrey closed 5 very important, very stressful 1031 exchanges for me on the very last day of 2021. If it wasn't for her incredible persistence & attention to detail...these transactions would not have closed on time and I would have lost my opportunity. Thank you Audrey! I owe you one.
Sean R Jan 14, 2022
Excellent Loan Officer!
Mari F Jan 07, 2022
She was very communicative and informative throughout the process!
Justin R Dec 03, 2021
Audrey was very informative and responsive throughout the whole process. She really made the homebuying process stress free. 10/10 I’ll be sure to refer others to her!
Cedric S Nov 10, 2021
Audrey was great made the impossible, possible. She was really good at keeping us updated and available to answer our questions. We closed in three weeks
Blanca F Oct 26, 2021
Audrey is an absolute PRO! She blew me away with her prompt work and excellent communication skills. She closed our JUMBO loan in less than 30 day…amazing…and did it with no hiccups. We will not be doing mortgage business with anyone else but her. She has all the referrals from us coming her way!
Alexandra D Oct 07, 2021
During our new home build, Audrey was the shining star!! Any time we had questions, she was readily available! Verity should be thrilled to have her on their team, and if there was a way to give more than a 5 out of 5, we would!
Zane D Oct 07, 2021
Audrey was very prompt and professional! We would love to work with her again given the opportunity arises.
Zachary Z Oct 07, 2021
Great communication and updates from Audrey. She was very easy to reach for both me and my wife. She also communicated effectively with our realtor to make sure that we were doing everything we needed to. As first time home buyers, we were unfamiliar with this process, and she made everything so smooth and easy for us. Thank you for the stress free experience!
Michael O Jul 20, 2021
Audrey was excellent to work with & provided a seamless transaction!
Jillian C Jul 20, 2021
The whole process went great. We had no problems an Audrey went out of her way to help. Very pleased. I will definitely refer to friends.
Tamara H Jul 20, 2021
Audrey was always very communicative, and willing to answer any questions we had in a very timely manner. I felt she had our backs, and really went the extra mile to keep us within our desired budget for our mortgage.
Rachael L Jul 20, 2021
Audrey is very knowledgeable and her communications were always timely. She made the whole process easy to navigate. I am so thankful we had the opportunity to work with her!
Vicki R Jul 12, 2021
Audrey is amazing! Her communication and responsiveness is the best I have seen so far. I absolutely love working with her, and I highly recommend to any and everyone. (:
Raven M Jul 07, 2021
Roxana S Jun 14, 2021
Audrey was extremely efficient, helpful and patient through the entire process... from hello to closing... a great experience!
Donald M Jun 09, 2021
Audrey was very helpful and proactive from the beginning to the end of the process.
Mircea N May 27, 2021
We so appreciate all Audrey did to help us buy our dream home. She was proactive in helping us and stayed on top of communications no only with us but with the title company as well. They shared with us that they were very pleased to work with her as well. Thank you so much, Audrey!!
Jeanne M May 04, 2021
This is the second refinance that I have done with Audrey's help. She is professional and super helpful. I trust her completely and would highly recommend her to anyone looking to purchase a new home or refinance.
Paula O Apr 28, 2021
I had the pleasure of working with Ms. Audrey Morris on a complicated home loan. Audrey took on the challenge that 2 other lenders would not since I was a new 1099 employee and not a W-2. Not only did she fully execute, but she never lost her composure when at times, things seemed bleak. We were in the middle of having our 2nd child during the closing process, but Audrey and her team never faltered and fully delivered. I will only recommend and use Audrey and Verity moving forward.
Nathaniel T Apr 28, 2021
Audrey was professional and got me approved when big mortgage companies could not. Don't waste your time with big brand names go with Audrey who will save you time and money.
Alexander E Apr 28, 2021
Working with Audrey was such a pleasure. She has great communication and customer service skills. She is super efficient at what she does. I highly recommend her!
Lisa M Apr 27, 2021
Audrey helped us to close on our new home in 15 days! She helped our offer stand out above the rest in a competitive market! Thanks for your help, Audrey!
Megan H Apr 22, 2021
On top of every detail and able to explain the process to me
Very very pleasant to work with
Neil T Apr 22, 2021
Smooth transaction from start to finish!!
Andrew S Apr 22, 2021
Everything went smoothly and in a timely manner.
Patricia D Apr 22, 2021
So easy! Worked the deal to our advantage.
Kenneth D Apr 19, 2021
Audrey was always available to answer any questions we had. She made the home buying process painless and easy.
Krystallyne H Mar 14, 2021
Audrey was extremely responsive, detailed in her presentation of our options, and ultimately able to recommend the best course of action for our family. I highly recommend her as a loan officer, for her deep knowledge of the market and processes, her timeliness, and her attention to detail. Our loan was processed extremely fast and without any complications. Thank you so much!
Crystal F Feb 18, 2021
Audrey is the absolute best. The communication was very precise and she made the entire transition seemingly easy and the process a lot less stressful.
Hiram T Feb 17, 2021
Audrey was fantastic and made the whole process easy. She kept us well-informed the entire time and every single aspect about working with Audrey was 10/10. AUDREY made it GREAT!
Zachary F Feb 10, 2021
Great follow up and extremely fast processing!
Richard F Feb 04, 2021
Audrey is excellent, the process went smooth. I'll be using her again soon.
Jesse A Feb 01, 2021
Smooth process all the way through funding!!
Michael C Jan 02, 2021
Audrey was so fantastic! EXTREMELY knowledgeable and made the process so easy! Would recommend her in a heartbeat.
Chase L Dec 21, 2020
Audrey was very thorough in her explanation and extremely helpful from start to finish. The whole family refinanced through her and we will continue to refer her to friends. Thank you so much for your professionalism and support, Audrey!!
Breck L Dec 17, 2020
Audrey was extremely helpful throughout the entire process for our refinance. She was transparent and very quick to respond to any questions that we had. I have already recommended her to several friends who are considering a refinance.
Connor T Dec 14, 2020
I always get the best reviews by my clients about Audrey!
Judith D Dec 12, 2020
Audrey is a great communicator and excellent at keeping you informed step-by-step. She is both friendly and professional. I will refer her to everyone I know!
Roudier D Oct 02, 2020
Michael M Sep 18, 2020
your creativity and imagination
David B Sep 02, 2020
Audrey was amazing through the loan process. She was in constant communication with us and walked us through the whole process. would definitely use Audrey again.
Matthew A Jul 23, 2020
Audrey kept me informed throughout the entire process and delivered on every item we discussed!
Christopher R Jul 20, 2020
Audrey was great at communicating. Even during COVID-19, she was on top of our mortgage application, and we were able close on our first home in record time!
Garrett J Jul 16, 2020
Audrey is simply the best. I don't refer any other lenders.
Judith D Jul 13, 2020
Audrey is very knowledgeable and has gone above and beyond with the initial purchase of our house and with the refinancing our house. She made it almost effortless for us by providing what she needed from us or helping us get it. She is super sweet and patient. I would recommend Audrey to anyone looking for help with the purchase or refinancing of a home. She is great.
William F May 02, 2020
Audrey is the best!!!!! She is so quick to respond and get things done. She is so genuine! She is really great at breaking things down for me so I understand them. She also chooses people to help us a long the way that are really fast and easy to contact as well. She's also good at making changes to information quickly.
Literally, she's fantastic, if anyone tells me they are buying a house or refinancing their home, I'm giving them her name.
Bonnie J Mar 26, 2020
Audrey provided us with timely, efficient information and assistance. Audrey is very professional and pleasant to work with. She really made the process as smooth as possible for us. Many thanks!
Nuebel L Mar 13, 2020
I appreciated the fact that your team moved fast and helped my husband and I find the perfect home. You are very personable and kind, it really made the process go smoothly.
Hiram T Oct 15, 2019
Audrey does a fabulous job !
Mary J Oct 10, 2019
Easy to reach, great communication, met all the deadlines we needed to close on our house in 2 weeks!
Great at answering questions! Everyone was friendly that we interacted with!
Bonnie J Aug 05, 2019
Audrey was great from start to finish. I was very concerned about rising interest rates from June 2018 and lock in circa feb 2019. Her instinct proved right with the rates actually dropping before closing. She has incredible business acumen and a professionalism unmatched by people in her profession. She was a joy to work with!
Mike M Apr 07, 2019
Audrey and her entire team worked with me day/night to help me purchase my home. They actually worked overtime because they made all of this happened while I was working/stationed overseas in Afghanistan. With the time difference, they made the process as smooth as possible. Thanks again!!
Woods M Sep 11, 2018
Audrey told us exactly what we needed to do to obtain the financing we desired. Audrey also helped in obtaining the information if needed for the underwriters by reaching out to my employer to give them a little nudge. Audrey answered any and all of my questions throughout the process no matter when I called. Very good job!
Kaler P Sep 03, 2018
She is very accomodatibg with her time, responds our questions in a timely manner, she discuss things and explain to us very clearly.
Kaler T Sep 03, 2018
Audrey was on top of things at all times and very patient with me concerning e-signing. It was a pleasure to work with Audrey.
Repass T Aug 21, 2018
Audrey was amazing and easy to communicate with!
Phillips J Jun 04, 2018
You all made it so easy and even when we had no idea of what we were doing. You handled everything with a calm stready manner making us be able to be calm. Thank you for everything and we would tell anyone and everyone to go through you guys!
Fouts W Jun 01, 2018
Audrey was very understanding. She kept in touch with us through the whole process and kept us updated. She was simply amazing ...
Robin M Oct 21, 2017
We felt as if Audrey went above and beyond to keep us informed and up to date on everything. She never failed to contact us when we had a question or ask for any kind of help. She was always reassuring even when we had doubts. She made us feel as if we were the only ones that she was working with, even though we knew that was not the case. An absolute great overall experience!
Gerald M Oct 20, 2017
We want to make your home financing as easy as it can be. With Verity Mortgage, you can relax while we handle the details.
You can get a loan before you even select a home. A Verity home mortgage specialist can perform a pre-qualification or pre-approval so that you'll have a good idea of how much you can afford. Once you've found a home, and a seller has accepted your offer, you are ready to move to the Application process.
- You will know the loan amount you qualify for so that you know what home price range to shop
- Save time to narrow the list of homes to ones that fit your price range
- Discover any credit challenges early in the process we can resolve them at the beginning of the process
- Confidently make an offer as soon as you find your dream house
- Sellers will consider your offer more strongly with a prequalification letter over one that is not
- Your agent will ask for this as it improves your chances of getting the house you want
There are no fees or costs to getting pre-qualified, but it is a vital step in the home buying process. Call us today!
Prequalification: This is an overview of your credit profile that is an important step to writing offers for new homes and one we highly recommend. It just means that you have not submitted the documentation that will be required to verify your income, financial statements showing enough assets to close and you have not yet met the underwriting guidelines of the program you are going to select once you find the home of your dreams.
Preapproval: If you have a little more time at the beginning of the process, we always recommend getting Preapproved. A preapproval is the start of the formal application process before you find the property and is more thorough review of your financial position and ability to qualify for a home.
Why get Preapproved for a Mortgage?
- You’ll be able to move faster to find the house you want
- Most of the paperwork will be out of the way so you can close your loan faster
- You will be able to move to the top of the offer stack as your income, assets, and ability to buy has been verified
- Sellers know you will be less likely to have a delay in closing
- In competitive markets, this is another feather in your cap
Buying a house is one of the biggest decisions you will make in your lifetime. Our goal is to make the process as smooth and hassle-free as we can. Understanding the process will give you the knowledge you need to get started.
- Step in Getting Prequalified or Preapproved
You can get a loan before you even select a home. One of our home loan experts can perform a pre-qualification or pre-approval so that you’ll have a good idea of how much you can afford. Once you’ve found a home, and a seller has accepted your offer, you are ready to move to the Application process.
Once you’ve selected a home, your home specialist completes the mortgage application, gathers information about the property you want to buy, and collects personal information, such as income, assets, and employment history. For a complete list of information that you need to provide, see the Application checklist.
Once your application is complete, a loan processor reviews your file and verifies your information. We order a credit report to determine your credit history and credit score. We also order an appraisal of the property.
An underwriter reviews your file and determines whether your loan will be granted and issues the loan approval. The underwriter may request additional information during this review process.
Once the loan is approved, the closing process begins. Our closing department prepares closing documents and sends closing instructions to the title agent. The title agent is responsible for examining the title of the property and working with you for an acceptable closing date. At the closing, you’ll sign papers, pay closing costs, and finalize the transaction. Now it’s time to move into your new home.
Lower Payments*. Consolidate Debt. Pull Cash Out.
*By refinancing your existing loan, the total finance charges may be higher over the life of the loan.
First, start by asking yourself one of these questions.
Has your income increased? Do you need to consolidate debt? Has the equity in your home increased? Do you need money for a major expense? Has your credit rating improved?
If the answer is yes to any of these questions than we encourage you to call one of our home loan experts to give you a refinance evaluation. It costs nothing but could save you thousands of dollars in interest, pay off high balance credit cards, or help pay for college or unexpected expenses.
Knowing your options is the most import part of the refinance decision so Call us today!
As you pay down your mortgage or as home values increase over time, a cash-out refinance allows you to use a portion of your equity and turn it into cash. The great news is you can use that cash however you want. Home improvements, unexpected expenses, college tuition or just to check a destination off your bucket list.
When is the best time to turn that equity into your house and use it as you see fit? That answer is up to you and can be used to fit your current needs.
Some of the more chosen reasons for utilizing a cash-out refinance are to:
- Remodel of you home
- Pay off high-interest credit cards or auto loans, neither of which is tax deductible like mortgage interest
- Help with life events like a growing family
- Bucket List Reduction
- Elimination of student debt
A renovation loan will let you do almost anything with your home. Some loans are used on smaller projects like ordinary repairs or cosmetic updates. These types of renovations loans typically don’t have minimum loan requirements for the repairs or upgrades you want to make to your home. These loans are limited to non-structural repairs with maximum loan amounts around $30,000.
With these types of loan, you can improve things like:
- Repairing or replacing your roof and gutters
- Redesigning your kitchen or bath
- Landscaping or adding a deck
- Buying new appliances
- Getting new windows, doors or floors
- Making your home energy efficient
- Upgrading plumbing, electrical, heating or cooling systems
- Ask a home loan expert (bolded and hyperlinked to find a loan officer)
Need to do more extensive renovation? We got you covered!
We have other programs that are specifically intended to make major repairs or changes to your home. These will have a minimum loan amount but the good news is you can borrow up to the value of your property plus repairs/renovation. Here are some examples:
- Room additions or adding a second floor
- Major remodeling that requires structural work
- Foundation or other structural repairs
- Projects over six months
You don’t have to settle for a house that only has half of the items on your wish list. With renovation loan you can buy in the perfect neighborhood and then get all the items on your list without coming out of pocket. This loan allows you to combine the purchase price of the home and the cost of repairs and upgrades into a single mortgage. No second lien at a higher interest rate required. Other benefits include:
- Get a home in a great location below market price
- Getting a bargain on a home allows you to move to a higher priced area of town
- Get more bang for the buck with a larger home
- Opens up your search area
- Your home fits your taste and family requirements
A remodeling home loan allows you to make your current home into your home for the future. These types of loans allow you to roll the costs of the work you do into one new mortgage. No second lien required, most likely at a higher interest rate. Since this is a refinance, you can also capitalize on lower interest rates, move to a shorter loan term and possibly lower payments.
A fixed-rate mortgage offers an interest rate that is steady throughout the life of the loan. Fixed-rate mortgages offer the security of always knowing exactly what your monthly loan payment will be. The interest on ARMs can fluctuate (up or down) periodically. The interest rate on ARMs offers an opportunity to save on interest costs. However, you are protected from rates getting too high, because a safe ARM has annual and lifetime rate caps, which limit how high your rate may go.
This a decision you must make. Here is one way of looking at the question: If you can afford the payment and are comfortable with all the other terms, it makes sense to go ahead and firm it up IN WRITING. Do not be overly concerned if rates fall after you lock. If your objective is to purchase the property, you have eliminated one uncertainty. If you are refinancing, locking the rate guarantees that you will reduce your monthly payments or be able to obtain cash you need for home improvements or other worthwhile goals.
You can lock your rate at application, while your loan is being processed and approved, or any time shortly before closing.
Verity Mortgage offers lock periods up to six months on some loan programs.
PMI is required for conventional loans with a down payment of less than 20th of the value of the home. You can avoid paying PMI by making a down payment of 20 or more of the value of the property you want to buy.
PMI will be automatically terminated when the loan-to-value ration is scheduled to reach 78 assuming all payments are current. Borrowers can request cancellation of PMI when the loan reaches 78 assuming all payments are current. Borrowers can request cancellation of PMI when the loan reaches an 80 loan-to-value ratio, assuming the loan is current.
How do I know whether the house is in a flood zone, and if so, how can I determine my insurance premium?
Verity will order a flood certification before loan closing, as required by federal law. However, if you would like to find out if the property you are purchasing is in a flood zone, you can contact your insurance agent or check the local library for updated flood maps. FEMA determines flood risk by comparing your lowest floor level to flood levels from the past 100 years. FEMA bases flood insurance premiums on this information. You may need to get a slab elevation if you are unable to obtain this information from the seller or your local permit office
Annual Percentage Rate (APR) is a calculated interest rate that reflects the overall cost of a loan on an annual basis. APR includes interest payments, origination fees, discount points, and other specific costs of getting a loan and is, therefore, usually higher than the interest rate. APR can be useful for comparing different types of loans. However, while all lenders are required to calculate APR based on guidelines provided by the Truth in Lending Act, not all lenders include the same costs in the calculation. This can make it difficult to compare the APR for loan programs from different leaders.
Points, also known as “discount”, are funds paid at closing so that you can get a lower interest rate for the life of the loan. For example, you may be quoted a rate of 7.375 with 0 points or 7.000 with 1 point. One point is equal to 1 of the mortgage amount.
Closing costs are expenses paid, by both buyers and sellers, at the closing meeting. Closing costs include pre-paid taxes and insurance, discount points, origination fees, title insurance, and other fees that may apply to your loan.
Pre-paid items are hazard/homeowners insurance, taxes, and pre-paid interest. Most insurance is paid in advance, so you will be required to pay for your homeowner’s and flood (if required) insurance policy for the first year in advance. Also, the lender will require you to make a deposit of up to 2 months of payments in order to establish an escrow account.
Many loan programs require that the lender pay the taxes and insurance on behalf of the borrower. Your loan officer can determine if the option to pay taxes and insurance yourself is available on the loan program that is best for you.
MORTGAGE PAYMENT CALCULATOR
Estimate your monthly mortgage payment using the calculator below. Simply enter the purchase price of the home, loan term, and details about the home loan. Please note that escrow for taxes and insurance is not required for loans with down payments of less than 20 percent. Some of this information may be difficult to determine on your own; please contact a mortgage specialist to review the most accurate monthly mortgage payment for the area you are purchasing.
Types of Loans
Streamline 203K: This is for projects where total renovations do not exceed $35,000. It is more for minor changes like upgrading HVAC, paint, fixing or replacing roofs, patios, septic systems or remodeling a kitchen. It does not allow for structural changes like foundation work.
Full 203K: This for projects that need to be more expansive in nature and may go over $35,000 in total renovations. It can be used for all the repairs from a streamline, but you can also make structural changes and reconstruction, repair or replace plumbing or use it to improve energy conservation, safety or disabled accessibility.
This is a great option when buying a home that needs a little TLC or you want to make your current home into your forever home.
What can a Homestyle Renovation help with?
- In-ground pools
- Interior and exterior upgrades
- Kitchen or bathroom upgrade
Program Flexibility: Conventional loans allow for different terms and down payment. Meaning you can customize your down payment, whether you have a first and a second or if you want to do one loan with Mortgage Insurance.
Program Flexibility: Conventional loans allow for different terms and down payment. Meaning you can customize your down payment, whether you have a first and a second or if you want to do one loan with Mortgage Insurance.
Loan Limits: Conventional loans are capped at a maximum loan amount of $453,100 for single-family homes unless the property resides in a High-Cost Area of the United States.
Second Liens Permitted: Another difference between conventional loans and the other programs is the ability to add a second lien to assist with down payment requirements. This also is a good option when buying a higher price house and need to go above the maximum financing amount in a non-High-Cost Areas.
Loan Limits: Loan amounts starting at $548,250 or $822,375 for home loans in high-cost areas of the U.S and loan amounts to $3,000,000 and above
A VA home loan is a great benefit to military personnel during and after their service. Thank you for your service and sacrifice for our country.
No Down Payment: A VA home loan comes with 100% financing. Contact one of our home loan experts for more details.No Mortgage Insurance: Unlike USDA a VA home loan does not have monthly or annually mortgage insurance.
Certificate of Eligibility Required: In an effort to make sure we use your Veteran Benefits properly borrowers must obtain a Certificate of Eligibility . The VA Benefits portal will be able to help you find this information or contact us and we can assist you in getting the info.
Low Down Payment: FHA loans are great for first time home buyers or home buyers that are working with limited down payment. A down of 3.5% is all that is required and can be a gift from a relative.
Flexible Income Requirements: The original goal in 1934 for FHA loans was to make home ownership possible. One way the program does that is by allowing for more flexible income and credit guidelines.
Loan Limits: FHA does have different maximum loan sizes by area. To learn more click on here to see what the Loan Limits are in your city.
No Down Payment: The USDA loan comes with 100% financing. A down payment is not required which can be an obstacle to homeownership.
Low Monthly Mortgage Insurance: The upfront insurance rate on a USDA is generally lower than VA or FHA. It also has one of the lowest annual mortgage insurance fees. Other good news is the upfront fee can be rolled into the loan, eliminating an out of pocket expense at closing.
Only available in certain geographic areas: To get a USDA loan, the property you buy has to be in a USDA designated rural area, but that does not mean it is necessarily farmed land. Over 90% of the U.S. is eligible, which includes small town and suburbs. The USDA Mortgage Eligible Map will show you all the areas where you can use this loan.
Income Limits: The USDA loan was originally designed for low to moderate-income families. The guidelines for USDA define income level as being 115% of the area’s median income. This income amount if very different in different parts of the country and can be very different in certain areas of a state. Please contact one of our home loan experts to learn more.
- Fixed Rate and Adjustable Rate
- FHA, VA, and USDA Loans
- Jumbo and Conforming Loans
- Conventional Financing
- Renovation Loans
Special Programs for Non-traditional borrowers also available
100% YES! This one decision will make the home buyer process go much more smoothly. The pre-qualification process is simple:
- Gather your personal financial information such as bank statements, W-2 forms and paycheck stubs, and meet with your Loan Officer.
- We will pull your credit report and evaluate your financial documents. With this information, you and the loan officer are able to discuss the best home financing options that will help you achieve your financial and homeownership goals.
- Once you are prequalified, we will give you a prequalification letter to inform your real estate professional and the seller of the property that you’re a preferred and serious potential buyer. This will give more weight to any offer you extend on a property as well as allow you to relax and enjoy the process of looking for your new home.
- How long will you live in this home? Several years, or just a few?
- Do you anticipate your income or finances to significantlychange over the next few years? Do you anticipate significant changes to your income or finances over the next few years?
- Are you either comfortable or uncomfortable with an adjusting monthly mortgage payment? Have you considered an adjusting monthly mortgage payment?
- Do you plan to be out of mortgage debt by, for example, when your children start college or when you retire?
Based on your answers, your home loan expert can discuss different home loan programs that will suit you financially and help you reach life’s milestones.
An FHA loan, on the other hand, is guaranteed by the Federal Housing Administration. FHA is a government agency that works with approved lenders like us.
Typically, origination points are applied and disclosed at the time of locking in an interest rate. On the other hand, discount points can be added at the time of lock or later in the process if you choose to pay to reduce your interest rate.
Origination fees are the fees required to originate the loan. They can include processing fees, underwriting fees, administrative fees, and several others. One of our Loan Officer can give you a complete breakdown of these fees as they vary from state to state.