Conventional Loans have down payment as low as 3% and can be used for primary, second homes, vacation, and investment loans up to $822,375 in high cost areas ($548,250 in most other areas). 100% gifts allowed. Recasting available. Good credit and more down payment for conventional loans provides ample flexibility and savings opportunity over the life of the loan.
Lower costs by eliminating upfront as well as monthly mortgage insurance requirements. VA Loans offer 100% financing - down payment as low as 0%. Waive all escrows - monthly payments without property taxes and homeowners insurance. Low interest rates. No monthly mortgage insurance required. Gift funds allowed. VA funding fee can be financed. Zero funding fee if exempt.
Qualified veterans with the required supporting income can borrow up to $2M with 0% down. VA loans provide exceptional benefits for those who have served our county - veterans, reservists, and active duty personnel. The time to refinance is now! A rate and term refinance allows you to lock in a low rate and save big on your monthly payment.
Lower costs by eliminating upfront as well as monthly mortgage insurance requirements. VA Loans offer 100% financing - down payment as low as 0%. Waive all escrows - monthly payments without property taxes and homeowners insurance. Low interest rates. No monthly mortgage insurance required. Gift funds allowed. VA funding fee can be financed. Zero funding fee if exempt.
Qualified veterans with the required supporting income can borrow up to $2M with 0% down. VA loans provide exceptional benefits for those who have served our county - veterans, reservists, and active duty personnel. The time to refinance is now! A rate and term refinance allows you to lock in a low rate and save big on your monthly payment.
Services
Helping our borrowers close confidently and successfully on their home is what Simplicity Mortgage is all about.
The online application is important because it provides us an opportunity to review your information prior to talking.
Having an initial understanding of your situation will allow us to have a more specific and productive conversation.
Our online application is made up of 15 screens, each collecting different pieces of information.
You will be asked to enter personal information about yourself, your home, finances, employment, and the property you are interested in purchasing.
The online application is important because it provides us an opportunity to review your information prior to talking.
Having an initial understanding of your situation will allow us to have a more specific and productive conversation.
Our online application is made up of 15 screens, each collecting different pieces of information.
You will be asked to enter personal information about yourself, your home, finances, employment, and the property you are interested in purchasing.
Mortgage insurance (MI) may be required depending on loan guidelines.
If mortgage insurance (MI) is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment.
Additional loan programs may be available.
Interest rates and annual percentage rates (APRs) are based on the date and time below, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons, minimum conforming loan amount, loan-to-value, credit score, refinance with cash out and other variables - call us for details.
If mortgage insurance (MI) is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment.
Additional loan programs may be available.
Interest rates and annual percentage rates (APRs) are based on the date and time below, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons, minimum conforming loan amount, loan-to-value, credit score, refinance with cash out and other variables - call us for details.
Conventional mortgages are home loans that conform to the requirements set forth by Fannie Mae and Freddie Mac.
The maximum loan amount for conforming conventional mortgages is $548,250 for 2021, but the purchase price of the home may be higher.
The typical minimum credit score needed for a conventional loan is 680 but a credit score of 740 or above will help you achieve an elite interest rate.
Mortgage insurance can be cancelled on a conventional loan when the principal loan balance drops to 78% of the home's value.
The maximum loan amount for conforming conventional mortgages is $548,250 for 2021, but the purchase price of the home may be higher.
The typical minimum credit score needed for a conventional loan is 680 but a credit score of 740 or above will help you achieve an elite interest rate.
Mortgage insurance can be cancelled on a conventional loan when the principal loan balance drops to 78% of the home's value.
FHA loans bring home ownership into reach for buyers who may have a difficult time being approved for a conventional loan.
An FHA loan is backed by the Federal Housing Administration (FHA).
Private lenders like banks and credit unions issue the loans and the FHA provides the backing.
This guarantee of repayment allows lenders to make substantial loans in situations where they would typically be unlikely to approve loan applications.
An FHA loan can be used for single family homes, condos, multi-unit properties, and manufactured homes.
An FHA loan is backed by the Federal Housing Administration (FHA).
Private lenders like banks and credit unions issue the loans and the FHA provides the backing.
This guarantee of repayment allows lenders to make substantial loans in situations where they would typically be unlikely to approve loan applications.
An FHA loan can be used for single family homes, condos, multi-unit properties, and manufactured homes.
This relatively new loan type gives you access to a $726,525 loan, great rates, and a streamlined underwriting process.
It features easier guidelines and fewer documents than a jumbo loan.
This is a fantastic program that provides an easier, faster process for a borrower at this price point and good credit.
It features easier guidelines and fewer documents than a jumbo loan.
This is a fantastic program that provides an easier, faster process for a borrower at this price point and good credit.
Reviews
Be the first to review Simplicity Mortgage.
Write a Review
