There is no charge to you for the credit information we will access with your permission to evaluate your application online. You will only be charged for a credit report if you decide to complete the application process after your loan is approved.

An abundance of credit inquiries can sometimes affect your credit scores since it may indicate your use of credit is increasing.

However, the data used to calculate your credit score does not include any mortgage or auto loan credit inquiries made within the 30 days prior to the score being calculated. In addition, all mortgage inquiries made in any 14-day period are always considered one inquiry. You should not limit your mortgage shopping for fear of the effect on your credit score.

A credit score is one of the pieces of information we use to evaluate your application. Financial institutions have been using credit scores to evaluate credit card and other applications for many years, to assist with their loan decisions.

Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we will issue a pre-qualification letter online instantly, subject to you finding the perfect home. You can use this letter to assure real estate brokers and sellers that you are a qualified buyer. Being pre-qualified for a mortgage may give more weight to any offer to purchase that you make.

The maximum percentage of your home's value depends on the purpose of your loan, how you use the property, and the loan type you choose, so the best way to determine what loan amount we can offer is to complete our online application!

Mortgage insurance should not be confused with mortgage life insurance, which is designed to pay off a mortgage in the event of a borrower's death. Mortgage insurance makes it possible for you to buy a home with less than a 20% down payment by protecting the lender against the additional risk associated with low down payment lending. Low down payment mortgages are becoming more and more popular, and by purchasing mortgage insurance, lenders are comfortable with down payments as low as 3 - 5% of the home's value.

If you have ever purchased a home before, you may already be familiar with the benefits and terms of title insurance. If this is your first home loan or you are refinancing, you may be wondering why you need another insurance policy.

The answer is simple: The purchase of a home is most likely one of the most expensive and important purchases you will ever make. You, and especially your mortgage lender, want to make sure the property is indeed yours and no individual or government entity has any right, lien, claim, or encumbrance on your property.

A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. Any lender or broker should be able to give you an estimate of their fees, but it is more difficult to tell which lenders have done their homework and are providing a complete and accurate estimate. We take quotes very seriously and have completed the research necessary to make sure our fee quotes are accurate.

To assist you in evaluating our fees, we have grouped them as follows:

General Statement

The interest rate market is subject to movements without advance notice. Locking in a rate protects you from the time your lock is confirmed to the day your lock period expires.

Lock-In Agreement

A lock is an agreement by the borrower and the lender and specifies the number of days for which a loan’s interest rate and discount points are guaranteed. Should interest rates rise during that period, we are obligated to honor the committed rate. Should interest rates fall during that period, the borrower must honor the lock.

None of the loan programs we offer have penalties for prepayment. You can pay off your mortgage any time with no additional charges.