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Elevate Home Loans is an award-winning, multi-state residential mortgage lender currently licensed in 37 states. Elevate Home Loans focuses on assisting consumers in obtaining a residential loan that meets their needs while ensuring that they are receiving exemplary service throughout the process. Elevate Home Loans is dedicated to streamlining the loan process in order to shorten the time from loan application to closing without sacrificing service, quality, or compliance. Our company operates on a platform of high standards, while always putting honesty, integrity, and ethics at the highest level of importance. Current & former military can get lower rates and reduced closing costs without down payment or mortgage insurance requirements with VA home loans. Depleting your savings to pay the down payment and closing costs can be a red flag for lenders.
FHA home loans have smaller down payment requirements and will accept buyers with credit scores that are less than ideal. Like any good climber, it's important to know your limits before you head up the mountain. Just because you've pre-qualified for a specific loan amount doesn't mean you have to use all of it.
Heightening Your Home Loan Experience
Whether you've found your dream home in the countryside, downtown in a big city, or somewhere in the suburbs, we've got the perfect loan for your situation. From VA, FHA, and USDA to conventional and ARM loans, we do it all. Our focus on technology bridges the gap between online and in-touch. Complete all loan application steps electronically from your preferred location, compliantly and securely. This listing was ended by the seller because the item is no longer available. From there, you can decide if the climb would be too steep for your pocket-book.
Even if your loan type doesn't require a down payment, having cash shows lenders you're responsible, invested, and more likely to pay off the loan. Most mortgage companies prefer that your debt-to-income ratio is around 36% or less, and for most home loans, a better credit score will give you more flexible options and lower rates. USDA home loans offer low interest rates, no down payment options, and the ability to roll fees, closing costs, and repairs into the loan. At Elevate Mortgage Group, we'll be your mountain guide, helping you navigate the different loan options, mortgage rates, and other parts of the home buying process.
Get a Refinance or New Home Loan Today
We'll be with you every step of the way as you climb the mountain towards home owners hip. A mortgage calculator can give you a better idea of what you might be comfortable with. Using the home loan rates specified in your pre-qualification letter, with your pre-qualified amount as a starting point, you can see what the monthly payments will look like.
Whether you still need help deciding which type of home loan is right for you or you still have questions about how to start the home buying process, we at Elevate are here for you. From first time buyer loans to second or third mortgages, we believe in home loans for all. Conventional home loans are often processed quicker and may not require you to pay upfront or monthly mortgage insurance.
Get Pre-Qualified:
If it feels too high, simply adjust the home loan amount until you get to a payment you’re comfortable with. Click to get started and see your rates— without affecting your credit score. Our team of experienced loan officers know the ins and outs, as well as the ups, downs, and switchbacks, of the mortgage process. You'll want to have a steady, stable income for at least a year, but two to three years at the same employer is even better.
Home loan lenders want to see that you can be responsible with your money––it shows them that lending to you is less of a risk. An adjustable rate mortgage combines a lower initial rate & payments with the flexibility to take advantage of future rate drops. Maybe you feel a little lost, wondering which path to the summit you should take.
It's also a good idea to maintain the status quo––if you're married and both of you have jobs, neither of you should quit in the year before applying for a home loan. It's also especially important that neither one of you quit before the loan has closed. Homeowners interested in a fixer upper can use FHA-backed 203k home loans to cover the cost of the home and its necessary renovations in a single loan. ® Trade/service marks are the property of NFM, Inc. and/or its subsidiaries.
