Neighborhood Loans puts you first
You Are Our #1 Priority
Neighborhood Loans likes to think of its customer as more than just a transaction and our referral partners as more than just another realtor. Neighborhood Loans is built on some simple, yet paramount, core values:
- Do the right thing.
- Show people you care.
- Do your personal best.
What this translates to for Neighborhood Loans employees, referral partners, and customers is a company that operates with the highest of integrity, respect, and a culture of customer service that is not only expected but required.
We Offer
Better Financing Solutions
USDA Loans
- No Downpayment Required
- Very low mortgage insurance costs
- Area Restricted
- Income Limits
- Loan amounts as high as income will allow
USDA Loans
The US Department of Agriculture USDA provides low down payment options to qualified borrowers, at very low interest rates, and with very low mortgage insurance premiums. If you are buying a home in an Rural Development -eligible area, and meet the program requirements, this loan is perfect for you.
Veteran's Affairs Loans
- For active duty military, veterans, and their spouses.
- No Downpayment & No monthly mortgage insurance required
- Credit Scores down to 580
- With enough eligibility, VA benefit can be used multiple times
- Quick & Easy refinance available on current VA loans
Veteran's Affairs Loans
The Department of Veterans Affairs (VA) offers financing on primary residences for Veterans. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.
FHA Loans
- Most flexible Qualifying Criteria
- Credit Scores down to 580
- 3.5% Downpayment Required (even on multifamily properties)
- Downpayment Assistance options available
- Loan amounts up to $524,225 in most areas (single family)
FHA Loans
FHA Loans are insured by the Federal Housing Administration (FHA), a branch of the U.S. Department of Housing and Urban Development, or HUD. FHA is often the best option for people who need a little extra flexibility when qualifying for a new home mortgage. You do NOT need to be a first time buyer - anyone who is buying a new home to use as their Primary Residence, or Second Home is eligible.
Conventional Loans
- Loan Amounts up to $806,500 in most areas
- No mortgage insurance with 20% down
- Downpayment requirements as low as 3%
- Mortgage insurance can be canceled with enough equity
- Construction loan options
Conventional Loans
Conventional loans are the most common and widely available mortgage option. For borrowers with good credit, balanced income, debt and some down payment, they are often the least complicated way to get the most flexible mortgage options.
Proven process & support to closing & beyond
STEP 1: PRE-APPROVAL
The first step in the mortgage process is to get preapproved. It is our initial job to gather from you your credit, income, and asset paperwork in order to place you in the best mortgage product.
STEP 1: PRE-APPROVAL
We make sure you will approve for the mortgage you are seeking. We want to make sure your 2 most important questions are answered. How much is buying a home going to cost me? And what price range should I shop to satisfy my budget.
STEP 2: APPLICATION
After you have found the home of your dreams and a seller accepts your offer, it is our job to put together the formal loan paperwork to include all your information provided during the preapproval process along with the specifics of your sales contract.
STEP 2: APPLICATION
One of the more important disclosures you will receive is called a loan estimate which will break out for you as close as we can possibly get to what your mortgage payment and cash to close will be.
STEP 3: PROCESSING
Our highly organized and efficient processors will work with you to prepare your loan to be approved by our underwriting department. They have a tough job with the scrutiny they are under and the paperwork required, but keep in mind their ultimate goal is to make you look as good as possible to our underwriting department.
STEP 3: PROCESSING
Your Loan Processor will help organize the completion of your appraisal and title work as well as make sure your contract dates are reached and you happily close on your home on time.
STEP 4: UNDERWRITING
An underwriter is ultimately the one who approves your loan. They have a lot of boxes to check when it comes your finances and the property itself.
STEP 4: UNDERWRITING
They work quickly and efficiently to approve loans within 24-48 hours to make sure your loan is cleared with ample time to prepare for closing.
STEP 5: CLEAR TO CLOSE
When the underwriter issues to us a clear to close to us, it is time to prepare for closing. Our closing department balances out for you all your final closing details with a title company or attorney’s office.
STEP 5: CLEAR TO CLOSE
You will have the ability to electronically pre-view and sign a majority of your closing paperwork before the actual day of closing. On the day of closing, you will sign the more important forms by hand and then receive the keys to your new home!
Resources To Get You Started
See Your Estimated Payment
Loan Calculator
This is only Principal & Interest Estimate monthly payment ONLY. This payment doesn’t include Taxes or Insurance. Your entire payment will include Principal, Interest, Taxes and Homeowners Insurance and may include Mortgage Insurance (if applicable)
Apply At Your Convinience
Online Application
One of our experienced Loan Originators will evaluate your credit, income, and assets to determine what ranges of home prices you qualify for. Once this process is complete, you will receive a Pre-Approval letter that solidifies you as a strong buyer, to submit with your offers. Sellers are more likely to accept offers from Buyers who provide a pre-approval letter because they know your documents have been reviewed by a lender and it clearly states that you are capable of satisfying all financing aspects of the purchase contract.
What our clients say about us?
