Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate.
We can preach communication, service and education all day long, but it’s our ultimate goal to earn your trust so that you can be confident in our ability to successfully lead you through this complex mortgage process.
Since mortgage rates can change several times a day, the following questions will help determine whether or not your lender truly knows what to look for so that they can provide you with the best rate once you’re in a position of locking in your loan:
Conventional, FHA and VA loans can all carry different rates on a 30-Year fixed mortgage. FHA and VA loans are insured by the Federal Government in the event of defaults. Conventional mortgages are insured by private mortgage insurance companies, if insurance is required.
Typically, FHA and VA loans carry a lower rate because the investor views the government backing as less of a risk. While rates are usually different for each program, it may be more important to compare the monthly and overall cost during the life of the loan to determine which program best suits your needs.
A Warm, Professional and Expert Mortgage Experience
Advanced Lending Solutions
At Advanced Lending Solutions we strive to put EVERYONE that contacts us into a house. If it’s something that can’t be done right away, we will put together a plan to get you on a path to homeownership.
Second to None Govt Programs!!!
99.5% Financing for FHA borrowers down to a 580 FICO score
FHA, VA, USDA loans available to borrowers down to a 560 FICO score
Only 3.5% down needed for FHA borrowers down to 580 FICO score
100% Financing available for VA and USDA borrowers down to 580 FICO score
We have a growing list of NonPrime and Alt-A Products to HELP YOU move into your new home!!!
NonPrime *ONE DAY* Seasoning Required on Short Sales/Foreclosures – 80% loan to value down to a 580 FICO score $100K-$1M Loan Amounts*
ALT-A 24 Months Out of Short Sale/36 Months Out of Foreclosure80% loan to value down to a 660 FICO. Loan amounts range from $100K-$850K *
Portfolio 5/1 ARM 12 Months Out of ANY Derogatory Event,55% loan to value down to a 620 FICO.Loan Amounts from $100K - $2.5MM*
*Based on a minimum loan amount of $75,000. Additional restrictions may apply. Please contact a loan officer for additinal details
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