At Colonial Mortgage, we work closely with our clients and their real estate professionals to offer a more personal, individualized service. The mortgage loan expert who begins the process with you will work with you to answer your questions, act as your advocate, and make sure all the details are handled professionally, honestly, and with full transparency.
We believe this open, personal approach is why our customers return and refer us to others. We offer the technology you expect and are backed by The Bank of Fincastle's strength, a Botetourt County community bank since 1875.
We believe this open, personal approach is why our customers return and refer us to others. We offer the technology you expect and are backed by The Bank of Fincastle's strength, a Botetourt County community bank since 1875.
Services
We're here to help you with a home purchase or refinance for virtually any type of residence, from traditional single-family homes to condos, manufactured homes, modular homes, and more.
We'll work with you to review your options to design the best loan package for you.
Our products generally fall into two main categories: residential purchase and refinancing (rate or term change, or to cash out existing equity).
For brief information about specific loan programs, see below.
For more details, get in touch with us and we can answer any questions you might have.
We'll work with you to review your options to design the best loan package for you.
Our products generally fall into two main categories: residential purchase and refinancing (rate or term change, or to cash out existing equity).
For brief information about specific loan programs, see below.
For more details, get in touch with us and we can answer any questions you might have.
If you are looking to purchase a home, we begin by pre-qualifying you for a loan.
In this simple process, we'll pull a credit report and gather basic debt/income information from you so that we can assess your overall financial situation.
We'll talk about each program's features, discuss rate and term options, give you detailed monthly scenarios, and help you find the one that best fits your needs.
The next phase requires underwriting the loan, title search, verifying documentation, and property inspection.
In this simple process, we'll pull a credit report and gather basic debt/income information from you so that we can assess your overall financial situation.
We'll talk about each program's features, discuss rate and term options, give you detailed monthly scenarios, and help you find the one that best fits your needs.
The next phase requires underwriting the loan, title search, verifying documentation, and property inspection.
There is no simple formula to determine the type of mortgage that is best for you.
This choice depends on several factors, including your current financial picture and how long you intend to keep your house.
Colonial Mortgage Company, LLC can help you evaluate your choices and help you make the most appropriate decision.
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan.
With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index.
This choice depends on several factors, including your current financial picture and how long you intend to keep your house.
Colonial Mortgage Company, LLC can help you evaluate your choices and help you make the most appropriate decision.
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan.
With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index.
We are not responsible for the content or the availability of any external website's products and services that is accessed from our site.
We do not represent either you or the third party if you enter into a transaction due to accessing that website.
The privacy and security policies practiced by the third party may differ from ours.
The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector.
Buying a Home U.S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower's rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs.
We do not represent either you or the third party if you enter into a transaction due to accessing that website.
The privacy and security policies practiced by the third party may differ from ours.
The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector.
Buying a Home U.S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower's rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs.
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