Found the perfect home? We can help you find the perfect loan…
Specified Loan Programs
Find the perfect loan program for you
The loan programs available today include FHA, VA, USDA, Conventional loans, Construction loans, Renovation loans, and Manufactured housing loans, with both fixed and adjustable rates available. Characteristics of each loan program are unique, so consult your mortgage professional for more information and to become familiar with the details of the programs available to you.
To help determine the best loan program for you, consider the following:
How important is payment certainty? If knowing that your payment will be the same every month is important, consider a fixed-rate mortgage.
How important is rapid equity buildup? If rapid equity buildup is a factor, consider a shorter amortization period, such as a 15-year, fixed-rate mortgage.
Other factors to consider include:
- Ability to qualify at market rates for loan amount selected
- Anticipated term of occupancy
- Possibility of significant rate changes
- Existence of up-front costs
- Budget – most people can afford more than they should be buying, a good budget plan is key
Specific Loan Programs Include:
- FHA, VA, and USDA
- Conventional loans
- Construction and Renovation loans
- Manufactured housing loans
- 15-year and 30-year fixed-rate mortgages
- Adjustable-rate mortgages (ARMs)
- Interest-only mortgages
Experience the convenience of paying off your loans the easy way when you take advantage of the debt consolidation services offered at Creative Mortgage Solutions.
Debt Consolidation Services
- Consolidate auto loans
- Credit card bills
- Personal loans
- Department store bills
- College loans
- Other bills
Mortgage Loan Process
We make sure to get all of your personal documents validated with different third parties involved to ensure you have the capability to pay off the loan in the future. Trust us to guide you through the entire mortgage process, and make sure you are prepared for the part of the entire thing. Once you have gotten here, we make sure you don't give up!
Whether you are a first-time homebuyer, renter, or are purchasing a new or second home, we have an assortment of tools and loan programs to meet your individual financing needs. Use our easy-to-navigate site, or contact us by phone today.
You can assure sellers of your viability and negotiate more effectively when you’re pre-approved.
•Determine how much you can borrow and get pre-qualified
•Get a lower mortgage rate and reduce interest costs.
•Convert an adjustable-rate mortgage to a secure, fixed-rate mortgage.
•Consolidate your first and second mortgages into a mortgage with a lower rate.
•Pay off installment debts and credit cards.
The advantages we offer for refinancing include:
•Easy online application
•All types of mortgage programs
•Guidance and advice from an experienced loan professional
Ready to refinance your current mortgage? Call to apply over the phone for pre-approval.
Documentation needed for refinancing:
- Most recent mortgage statement
- Your home insurance policy
- 2 months pay stubs
- 2 months retirement information
- 2-year tax returns
- 2 years w-2s
- 2 months bank statements
Mobile homes Financing
Please contact us today.
The best loan options for you
Apply for a Loan
All the research and preparation you’ve done to this point makes this step an easy one. You can apply online or in person. Complete and sign the residential loan application, Form 1003, and the attached loan info sheet, credit authorization, and fair lending notice. Your loan originator may also request additional documents, such as a loan information sheet, credit authorization, and fair lending notice.
Organize Your Documents
Save time and avoid delays by having this information available when you meet with your lender.
• Copy of Purchase Sales contract or Offer to Purchase and all addenda (signed by buyer and seller)
• Past 2 years’ tax returns and W-2s
• Past 2 years’ employment history
• Last 2 months consecutive paycheck stubs
• Last 2 months’ statements for savings, checking, CD, money market accounts, etc.
• 60-day history on retirement accounts
• Recent statement on retirement accounts (IRA, 401K, 403-B, Annuity, etc.)
• Name, address, and phone for the past 2 years’ residence(s) and landlord(s). Renters should bring evidence of 12 months’ rent payment.
• Divorce decree (if applicable)
• Bankruptcy schedules/Discharge papers (if applicable)
• If you are NOT a US citizen, provide a copy of your Federal ID documents. If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.
Find out how much you are qualified to borrow.
When buying a home, you may be pre-qualified or pre-approved. You can be pre-qualified over the phone or on the Internet in a few minutes. Pre-qualification is not as useful as pre-approval. Pre-approval requires a more rigorous process, including verification of your credit, income, assets, and liabilities. It is highly recommended that you be pre-approved before you start looking for a home.
Being pre-approved will:
- Inform you of your maximum affordable home value, and save you from previewing properties outside your price range.
- Put you in a stronger negotiating position with the seller because the seller will know your loan is pre-approved
- Help you close quickly since your loan is pre-approved.
Shop Loan Programs & Rates
What loan program is best for your situation?
- Think about how long you plan to keep the loan. If you plan to sell your home in a few years, you may want to consider an adjustable-rate or balloon loan. If you plan to keep your home for a longer time, you may want to consider a fixed-rate loan.
- Understand the relationship between rates and points. Points are considered prepaid interest and may be tax-deductible. Each point is equal to 1 percent of the loan. For example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower your rate.
- Compare different loan programs. With so many programs to choose from, it’s hard to figure out which program is best for you. Consult an experienced loan originator who can help you find a loan program that best fits your short- and long-term plans.
Obtain Loan Approval
Once your loan application has been received, the loan approval process starts immediately. This involves verifying your:
• Credit history
• Employment history
• Assets including your bank accounts, stocks, mutual fund, and retirement accounts
• Property value
Based on your specific situation, additional documents or verifications may be required.
To improve your chances of getting a loan approval:
• Provide complete information to your loan officer.
• Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
• Anything that causes your debts to increase might have an adverse effect on your current application.
• Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family, or other relatives, please contact us.
• Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf.
• Notify your loan officer before applying for any other credit, including credit cards, personal loans, or even with another mortgage company. Some loan programs have strict guidelines regarding your credit score. Credit inquiries may lower your credit score and may have an adverse effect on your loan approval.
Close The Loan
After your loan is approved, you will be required to sign the final loan documents. This will normally take place in the presence of a notary public. Be prepared to:
• Bring a cashier’s check for your down payment and closing costs if required. Personal checks are normally NOT accepted.
•Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify the accuracy of the name and address on the loan documents.
• Sign the loan documents. The notary will require that you have your picture ID with you. Some lenders also require seeing your Social Security card.
Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions, federal law requires that you have three days to review the documents before your loan transaction can close. Purchase transactions do not have a three-day rescission period.
We Will Help You Every Step Of The Way
Contact us for a free consultation or to begin the easiest loan and mortgage process you could ever imagine.