Robin was on top of everything we had many bumps in the road and she over came them all and we got to the closing table
Addison K Jun 13, 2022
Robin is one of the most hard working people I know. She was never hesitating to reply my mails, texts and calls even after her work hours. She has a great attitude and was very respectful. She was still determined to get me approved even when I gave up. She did a miracle pulling off my case because we had so many hurdles a long the way. If it were a different loan officers, they would have given up on me. I am beyond happy with her and her company to get us the loan we needed. I highly recommend going with Robin and her team if you need a mortgage loan.
Biak M Jun 08, 2022
the robin jones team was always available at any time always looking for ways to make the process easier
Poe S Jun 08, 2022
The attention to our needs, availability and personal touch.
Lucio T Jun 01, 2022
Absolutely wonderful to work with. Was available whenever I had questions. Took all the time necessary to clearly explain difficult concepts and help me fully understand all aspects of what is a huge decision in my life. I was very blessed to work with Robin and her team.
Jennifer S May 31, 2022
Robin stayed on top of communication and there was never a point in our home buying process when I didn't have the information I needed.
Jonathan C May 30, 2022
Thank you so much! We have never experienced such a smooth and fast closing. We appreciate you!
Vicki C May 27, 2022
Quick response time for all questions and concerns. Explained things to me so that it all made sense. Worked very hard for us to get our Forever Home. 10/5 stars!
Kala G May 10, 2022
Robin and her team were great to work with. They were friendly and communicated well with us as we worked through the process of getting our loan.
Shane C May 09, 2022
Robin was very helpful and pleasant to work with
Jessica C May 06, 2022
Robin has help our family! We are so greatful for the process of buying a home! Very happy! She’s the best and also our realtor Kristian! Great people they answered all the questions! Highly recommended..
Maung M May 04, 2022
it was my pleasure finding Robin, her team, and my relator Julio. they were awesome and always available to answer our questions, and also make sure we understood everything throughout the entire process. we are so happy that we got our first home. highly recommend!
EH & PALMA-YUKIO
Eh N May 04, 2022
Robin is very informative and is always willing to answer any suggestions no matter what she is doing at that time.
John T Apr 28, 2022
You guys made it as seamless and easy as possible
Jared H Apr 12, 2022
All questions answered quickly.
Clear line of communication.
Shawn S Mar 23, 2022
Robin and her team, are always on top of EVERYTHING. You have a question, you have an answer right away!! She works hard at finding the solution to what I was trying to do. She's a keeper and definitely I would refer to anyone asking for a loan specialist.
Dawn L Mar 22, 2022
Robin and team great communication Thank you so much
Felecia Y Mar 18, 2022
We had a couple of bumps in the road. But Robin was always their to help and get things resolved. Shout out to DiDi also. She was on top of getting all the paper work for my file together. You guys ROCK!!
Magaly M Mar 04, 2022
Working with Robin was a great experience, she is very friendly, we had good communication during the process, everything was fast and efficient.
Victor P Feb 18, 2022
Feed back and follow ups
Akinsola J Feb 09, 2022
The team was ready and willing to do what it took to make a quick close happen and was quick to respond to any questions I had during the process while working around my busy work schedule
Thomas S Feb 07, 2022
Robin is excellent! I wouldnt of been able to do this for my family if it wasnt for her ! She takes anytime of the day to answer her phone and is always there to answer questions and always is so fast at getting back to you !!
Justin S Jan 20, 2022
Robin Jones!! She goes out of her way to help with anything you need. She is awesome at her job and fast.
Tiffany W Jan 20, 2022
The refinance was quick and easy. All of my questions were answered quickly and explained thoroughly. Robin and her team made everything go smoothly and I would highly recommend them to anyone that is purchasing or refinancing a home. Thanks for making an unpleasant situation a great experience!!
Elena A Jan 19, 2022
Any question I had was answered quickly. Robin genuinely seemed to care. I didn't feel like just another customer.
Joshua Y Jan 13, 2022
Robin is very detail oriented and replies back to any messages or phone calls in a timely manner. I would definitely recommend her to friends and family.
William C Jan 05, 2022
Kacey K Jan 04, 2022
Robin and her team were very prompt and helped me every step of the way. The service provided was exceptional. Every question or concern I had was resolved in a reasonable amount of time. I also appreciated being able to do most of the paperwork and correspondence online. I plan to work with her again in the near future. Thanks for all your help!
Tiffany W Jan 03, 2022
Robin was great! She made every step easy and communicated everything with us professionally and clearly!
Sarah H Jan 01, 2022
Robin was always available and did her best to answer my many questions. She was very open and honest throughout the entire process.
Emily B Dec 20, 2021
The service was top notch and the communication was excellent!!!
Claudet S Dec 16, 2021
The communication, robin did so much for us, and made our first time buying home an absolute pleasure!
Jacob G Dec 16, 2021
Robin made herself available at any time I reached out with questions or concerns. She always had answers and if not would get them for me. I had issues with the title company and FedEx getting my check to me and she jumped on it and got it taken care of.
Susan F Dec 14, 2021
Robin and her team were awesome, they made sure we understood everything during the whole process, and would answer any questions we had at anytime. I couldn't have asked for a better team to go through this process with!
Kerry H Dec 14, 2021
Working with Robin and her team was great. They respond very quick and always answered any question that I had.
Tina Y Dec 12, 2021
Easy to work with!
Aniket S Dec 09, 2021
Robin was amazing to work with. She made the process extremely easy and painless. I was very nervous being a first time home buyer but she was reassuring during the whole process.
Sara Z Dec 07, 2021
Robin went out of her way every step of the way to make my difficult mortgage happen. She cares about her clients and she makes you feel like your just not a number. Great job Robin.
Charles W Dec 06, 2021
thank you so much for your loving and kindness
Hsar H Nov 30, 2021
Very fast and easily understandable responses. Made the process as stress free as possible and made sure I was kept in the loop with what was happening in the process.
Logan V Nov 29, 2021
Looking for a house, going through the process can be hard and at times you want to give up. Robin and Matt made sure everyday I got what I needed, And pushed me to try harder and to never give up faith! They became not only my loan officer and realtor but my friends! I thank them both very much I couldn’t of done it without them! I’m very thankful to of got to work with this company and all these people, very friendly and understanding! Always there when you need them!!!!
Mary L Nov 13, 2021
Robin was amazing at communicating and explaining everything! The reassurance she gave me truly helped me in so many ways!
Sarah H Nov 13, 2021
The best Duo in the business.... Matt & Robin
Stanislav M Nov 01, 2021
Robin was amazingly awesome through this whole process and answered any questions I had in a timely manner. I am also ecstatic about the interest rate and total monthly payment I received through working with Robin!
Casey R Oct 24, 2021
Excellent communication quick response fast transactions very friendly
Lah P Oct 23, 2021
Made the entire process super easy from start to finish... Communication was excellent.
Derrick R Oct 21, 2021
Availability availability availability!!! Always willing to take calls and questions no matter the time of day.
Daniel D Oct 19, 2021
Robin went above and beyond in every step of the process and none of this would have been possible le if it wasn't for her knowledge and patience.
Stuart K Oct 18, 2021
Everyting on the proces of the house
Juan A Oct 07, 2021
Robin is the best with her communication and efforts for funding a loan, highly recommended!
Robert P Oct 06, 2021
Robin gets great results.
David O Oct 04, 2021
The constant support and communication. Going the extra mile to get us our dream home. Thank you!!!
Amy P Sep 29, 2021
Buying a property like that was a desire a dream that comes true
Oscar M Sep 27, 2021
Thank you for the friendly service!!
Day K Aug 13, 2021
Make the whole process very easy and smooth
Christopher B Aug 11, 2021
Robin is such a great tool to have! She’s really good with my first time home buyers and she’s always great with communication. Couldn’t recommend her enough!
Hannah M Aug 10, 2021
Robin is Extremely patient. I appreciate her willingness to walk me through every step so that i completely understood the process. I am so grateful for her and her team.
Charity C Aug 03, 2021
Robin was great to work with! Very pleasant and made the experience great!
Randall P Jul 30, 2021
I felt like family when communicating with Robin. She seamed sincere in her conversations and returned phone calls promptly. She answered questions professionally and honestly. I feel she made the process as less painful as possible.
Melissa C Jul 29, 2021
Gracias Robin y a tu equipo de trabajo por su disponibilidad 24/7: desde la primera entrevista y hasta que firmamos el cierre de la casa demostraron su compromiso con los clientes, contestaron todas mis dudas por teléfono y correos electrónicos, su ayuda con la tecnología también es apreciable. Su compromiso no termina aquí, continuarán apoyando si es necesario. Son un equipo confiable, comprometido, responsable, disponibles, honestos y precisos en la información que proporcionan… Gracias!
Maria L Jul 26, 2021
They are very kind and explain everything what we need to know.
Tone T Jul 20, 2021
Robin and Dee were very patient with all of my questions!
Dawn B Jul 20, 2021
Robin is terrific! She clearly takes pride in her job and her clients. She is always there when you have questions or concerns, and she goes above and beyond for everyone she works with! I would choose to work with Robin over and over again and will continue to refer her to other people!
Danielle E Jul 07, 2021
I am very happy
Kah N Jun 08, 2021
Robin was so kind and no matter the time of day or night was always there to answer my questions and help.
Melissa P Jun 07, 2021
Made the closing process a breeze and did everything to make the home buying experience pleasant.
Trevor G May 27, 2021
I love how Robin went above and beyond to help with the process. Everything explained in much detail, she is very professional, knowledgeable, and just great at what she does. Thank you so much Robin!!
Patricia A May 24, 2021
Had a good experience with Them, great service!
Mya D May 18, 2021
Everyone was great and easy to talk to. Straight and forward with what they needed. Very informative for first time homebuyers. Always willing to answer many of the questions you would have.
Christopher B May 13, 2021
Robin is very friendly and helpful.
Corey T May 10, 2021
Exceeded all expectations with prompt service.
Shody H May 01, 2021
It just was
Norman D Apr 20, 2021
You guys made the steps a easy process to go threw
Jerry M Apr 16, 2021
Very easy quick understanding directions on what to do.
William R Apr 05, 2021
Fast and understanding
Aaron T Apr 03, 2021
Robin was amazing she took every good care of me and my family
Jenna C Apr 01, 2021
We ran into some issues toward the end of getting the loan to underwriting and Robin and Deedee both worked there tails off to get what we needed and kept me in the loop the whole time.
Andrew G Mar 31, 2021
Robin and her team are very quick and effective. No hassle on our side and clear communication throughout the entire process!
David H Mar 28, 2021
The entire process was easy and questions were answered in a timely manner. Refinancing has never been so easy.
Derrick R Mar 12, 2021
Robin is the best. She is always there to answer your questions day or night. I will always use Robin for any of my housing financial needs.
Tiffany W Mar 12, 2021
She’s very patient and easy to communicate.
Eh H Mar 09, 2021
Robin was extremely knowledgeable and made herself available to answer any questions whenever I needed her. I couldn't be happier.
David K Mar 09, 2021
MATTHEW J Feb 10, 2021
Robin is a very nice person and very helpful. She makes you feel really comfortable when talking to her. Really appreciated all her help and all her dedication to answering all my questions. Will be working with her in the future and will continue to recommend her!!!
Jesenia R Feb 06, 2021
Her knowledge and her prompt communication made this transition a great experience!
Lah V Feb 05, 2021
Robin is a kind and very helpful person.
Ei S Jan 22, 2021
Thank you for your help
Paw W Jan 22, 2021
The communication, the experience, everything about it was great and would definitely refer anyone to Robin. She is very experienced and intelligent and very very nice!!!
Kyle S Jan 10, 2021
From the very first phone call I made to her, all the way to the last, service was great. I asked her about a program that she wasn't 100% sure about. She was honest about that, did some research and got back to me and we moved forward with it. She would respond to my emails, calls and texts rapidly. Even on weekends and evenings. I am not an easy client to deal with as I have lots of questions and she never got had a problem with answering them. 100% use her again.
Ryan N Jan 05, 2021
Robin is very professional, thorough, and explains everything perfectly and completely to help you understand the process. She makes it very easy to go thru the process. Highly recommend her to everyone!
Jesse M Jan 03, 2021
Robin provided me with constant communication and follow up. She made me feel at ease when I had questions and concerns.
Anessa D Jan 03, 2021
2nd time working with Robin great experience both times
David P Jan 02, 2021
Robin was great to work with. She answered every question that my buyer’s and I had in a very timely manner. We were able to close with no delays.
Scott F Jan 02, 2021
Robin is the best! She's always on top of everything, taking care of business, and communicating effectively. We never hesitate to ask questions and her answers left us feeling much more confident about the process.
Rebecca W Dec 30, 2020
Robin was amazing to work with! She literally pulled miracles and I couldn’t be more thankful for her hard work and her team!
Mallory M Dec 30, 2020
Robin went above and beyond to help get the loan we needed and closed really great person and really appreciate all of what she has done great job
Mike H Dec 17, 2020
Robin was so nice and understanding about everything with me. She was there when i needed her and extremely helpful. She treated me like a friend instead of a client and thats something you don’t get often anymore. Thank you so much for making this process as smooth as possible!
Margarita A Dec 03, 2020
The financing part of the process had a great outcome. I actually received a check back and Robin saved me every penny she could. Very happy.
Joshua C Nov 10, 2020
Robin made the home buying experience very easy. We bought a home in under 30 days and she worked very fast. She answered every question, phone call and even came to our home. We highly recommend!
Kyaw S Nov 04, 2020
Robin, was available it seemed 24/7. If I had concerns or questions, she was so quick at getting back to me. I would gladly recommend her to anyone.
Dawn L Nov 03, 2020
communication and speed of transaction
Shawn G Nov 03, 2020
Robin knew exactly what I was talking about whenever I had a question and was very helpful through the entire process. I’ve already recommended her and will continue going to her should I decide to sell my house or if I purchase another home. Thanks Robin!
Karen M Oct 28, 2020
Robin was awesome! Made the process quick & easy!
Jessica W Oct 27, 2020
Robin is very personable, down to earth and easy to talk to. She was there for any questions and concerns along the way and calmed my slightly stressed nerves, (first time home buyer jitters). She was able, and willing, to explain everything and every step of the process, making it easy to go through. She will be highly recommended.
Abby O Oct 25, 2020
Robin made it Easy and was great to work with!!!
Andrew W Oct 20, 2020
Answered questions, communicated well, works well with customers. Will recommend to everyone!
Charles C Oct 17, 2020
Great experience with Robin! She helped us work through some speed bumps we were having in the closing process, and made sure it was all on schedule, to make our closing experience as stress free as possible.
Jacob H Oct 16, 2020
Great teamwork.... She always reach back to us when we needed something.
Mee T Oct 01, 2020
Communication was outstanding. Very speedy process and helpful with any questions or concerns.
Chad I Sep 28, 2020
Great communication . Very pleasant even though I was going crazy .
Malocka S Sep 21, 2020
I’ve went through robin on my house purchase and now 2 refinances wouldn’t want anyone else to do it.. she’s not no 9-5 she’s whenever you need her type of person works around the clock for her people
Dustin S Sep 18, 2020
Robin is a great person to work with. She is great about keeping you informed and up to date throughout the whole process. We will definitely recommend her to anyone that we know.
William D Sep 17, 2020
Every question I had Robin answered in a perfect timely manner. She is very dedicated in her work and clients.
Ashley B Sep 16, 2020
My experience was great I was constantly informed and kept in the loop. Robin is an amazing person someone who can understand what you’re going through you’re not just a number to her so that made it wonderful she understands these are your dreams coming true.I associate her patient some guidance when I felt lost at times so overall it was just a great experience
Tamara J Sep 16, 2020
Robin went above and beyond for us. So thankful we chose her to help with the purchase of our home.
William C Sep 15, 2020
All questions answered and prompt!
Roxann P Sep 14, 2020
Robin and her team went the extra mile for my family! From incredibly low rates, 14 day closing, and most of all being patient my 1000000x questions. It truly speaks volumes in your dedication, commitment, and professionalism. You helped make a dream become a reality. We sincerely thank you!
Shawn S Sep 03, 2020
She was awesome,easy to talk to because I know I wasnt. It was my first time doing this and she helped alot with keeping me positive about what was going on. I'm very thankful for how she treated me and will never forget that.
Daniel F Aug 20, 2020
Robin is easy to work with and ensures you are getting what is best for you and your family. Thank you for everything!
Jamie R Aug 14, 2020
Robin was excellent, keeping in touch, updating me with the process step by step, answering all my questions even when I felt like I was bothering her with too many questions or when I was contacting her on the weekend or at 2 am. I was very pleased with her staff too, Deirdre. It was my first time buying a house and I was well guided and informed because of her. She’s a great asset to your company. Thank you
Marceline M Jul 31, 2020
Take extra care of our concerns.
Everything is excellent .
Aaron T Jul 25, 2020
Robin is very knowledgeable and professional she goes out of her way to help
William K Jul 22, 2020
Robin was amazing!!! She communicated everything with us in a way we understood it, answered our ZILLION questions (probably some, more than once), and has the BEST customer service!! :) I would (and have) recommended her to everybody!! I will always call on her for my mortgage questions and needs!! Robin, your awesome!!!
Andrea Z Jul 03, 2020
Robin was more than willing to work around my third shift schedule to help me buy my home. She was nothing but pleasant at every bump in the road.
Thank you Robin!
Andrew H Jul 03, 2020
Robin (especially) and her team went ABOVE & BEYOND for our family. They made everything as smooth as possible for us and made sure we understood everything clear as day. Whenever we had any questions, we knew we could reach out and ask and she would get back to us at ANY time. I am so beyond thankful to have had the pleasure to work with Robin and her team and I would recommend ANY one and EVERY one to work with them. I hope to work with her again in the future.
Camden M Jun 29, 2020
Robin and her team are very great services. They work hard and well communicate..We are very happy at the closing.
Ta S Jun 11, 2020
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.