Have you tried getting a mortgage from your bank and instead been given an endless series of hurdles with no approval in sight? Then perhaps it’s time you moved your search for home finance online. Here you will find a host of companies willing to fund your home ownership dreams, even if you have a bad credit score.
Some will give you the funds themselves while others are brokers who will lead you to the lenders. In the long run, what a homebuyer truly wants is a reasonable interest rate, quick approval, transparent communication, and top-notch customer service. Here are a few companies that fit those criteria.
Quicken Loans
Quicken Loans started as a brick-and-mortar shop in 1985 before going online at the turn of the millennium. It holds the position of one of the country's most popular lenders, and with good reason. First-time homebuyers are drawn to this mortgage company because of the wealth of guidance they get. Quicken Loans’ range of products includes Freddie Mac and Fannie Mac loans that ask for a down payment of as little as 3% of the property purchase price.
Lenda
Besides offering applicants quick and stress-free pre-qualifications, Lenda has made a name for its concierge service that guides you through the application process. Their platform makes it easy for you to keep track of the documents you need to submit each step of the way. It even sends alerts to remind you which documents you still have pending.
Rocket Mortgage
Within a few minutes, you will know how much you qualify to borrow from Rocket Mortgage. This company takes its service a step higher by offering you support from a mortgage expert online. Their digital platform works effortlessly on mobile devices allowing you to monitor your application on the go.
Guaranteed Rate
This company makes life easier for would-be homeowners by allowing them to complete the entire application process online on a user-friendly platform. Documents can be uploaded there so that human interaction can be avoided through the whole process. First-time homebuyers are attracted to Guaranteed Rate because of the relatively low down payment required.
Sun Trust
Households that fall in the middle-to-low income bracket will appreciate the affordability of Sun Trust home loans. With them, you can get fixed and adjustable rate loans backed by the Federal Housing Association or the Veterans’ Association.
Visit an online resource you know for more detailed reviews of various top-rated lenders. Or talk to your real estate professional for local lenders they recommend.
About the Author
Ralph R. Rodriguez
Hello and welcome!
For more than 30 years now I have been helping folks Buy, Sell or Invest in Real Estate in and around San Antonio and the surrounding communities.
We seek to Honor God by assisting folks in their needs when it comes to all things real estate and are focused on providing the individual service and attention to detail that help our clients, friends and family manage the complex process of the single largest purchase any of them, or you, might make.
We welcome the opportunity to start this fellowship with you and your family and are committed to earning your trust, earning your business and in the end celebrating your "new" home and becoming a member of our Fellowship Real Estate family.
Thank you and God Bless.