FAQs For Preferred Partners

What types of financing programs do you have?

We offer a wide variety of financing options to cover almost any residential loan need. The most frequently used programs are FHA, VA, Conventional-fixed rates, and 3, 5 & 7-year balloon payment programs. Additionally, we have several zero down programs, No Income verifiers, subprime, jumbo, state bond, second mortgages and home equity lines of credit. If you have other needs, chances are our marketing department is working on it.

How long does it take to close a loan?

The process is continually being streamlined to accommodate quicker closings. Loan approvals now can be given within hours of application with our automated underwriting systems. Credit reports are available immediately. We draw our own closing papers and fund all loans in our branch. The only part of the process we don't control is the appraisal and title, but with our contacts, turn-around time is very good. Loans are usually ready to close well before the standard 30 days allotted for the purchase and sale agreement.

How do your rates compare to other lenders?

Our rates are very competitive. We continually monitor the markets to ensure we remain competitive. It is our goal to consistently offer loan packages with lower overall costs and rates than currently available elsewhere.

Will you be able to qualify my clients for a higher priced home than your competitor?

Although all lenders sell to the same secondary market, with our size we are able to negotiate different concessions from the secondary market. Furthermore, with the use of automated underwriting, traditional guidelines may not apply. One other benefit we have is that with the wide range of products we offer, sometimes a different loan product will increase what a borrower qualifies for.