Our loan programs have a low lender fee of only $199.
30 Year Fixed Mortgage
15 Year Fixed Mortgage
NEW...Flex Mortgage
1. Apply
2. Review
We will review your application and call you with a quick decision, often the same day.
3. Approve
If you application is approved (pending verification of the information you submitted), we’ll calculate the loan amount to suit your needs and prepare a product comparison so you can select the best loan for you. This usually takes less than 2 hours. Initial disclosures for the loan will also be sent at this time.
4. Verify
We’ll then assign you an internet loan advisor, who is accessible by e-mail or phone. The advisor will contact you, often within 30 minutes, to answer any questions. You provide us with written verification (e.g., pay stubs, tax returns) of the information you submitted in your application. We’ll then order an appraisal of your home and prepare your loan for closing.
5. Closing
Depending on the loan type and state regulations, we’ll send a notary public to your home or office where you’ll sign the closing documents. The closing documents are returned to us by the notary so we can disburse your funds. The funds are sent to you by FedEx.
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What are the loan products that we offer to purchase a house?
$199 Mortgage offers both 30-year fixed rate loans and 15 year fixed rate loans.
We also have a new flexible mortgage option available.
What does a lender look at to approve me?
Credit history, Collateral (the value of the property), and your financial ability to assume and repay the loan.
How do I know what my loan rate will be?
Rates vary primarily based on the type and purpose of the loan, your credit history and income, loan amount, and value of property.
Do I get a tax advantage from having a mortgage?
You should consult a tax attorney or accountant for specific details, but interest on a mortgage is usually tax deductible. Interest on credit cards or automobile loans is not normally tax deductible.
How do I receive my loan documents?
After you complete your application with a loan agent, we will provide you with a package via FedEx. This package will contain your loan documents and loan disclosures.
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Loan Programs
30 Year Fixed Mortgage
15 Year Fixed Mortgage
NEW...Flex Mortgage
Home Loan Process Overview
1. Apply
Complete and submit a 15-minute online application, providing information about your home and finances. Our checklist will tell you what you will need to have to complete.
Our home loan process is fast, easy and convenient. Why wait?
Apply Now
2. Review
We will review your application and call you with a quick decision, often the same day.
3. Approve
If you application is approved (pending verification of the information you submitted), we’ll calculate the loan amount to suit your needs and prepare a product comparison so you can select the best loan for you. This usually takes less than 2 hours. Initial disclosures for the loan will also be sent at this time.
4. Verify
We’ll then assign you an internet loan advisor, who is accessible by e-mail or phone. The advisor will contact you, often within 30 minutes, to answer any questions. You provide us with written verification (e.g., pay stubs, tax returns) of the information you submitted in your application. We’ll then order an appraisal of your home and prepare your loan for closing.
5. Closing
Depending on the loan type and state regulations, we’ll send a notary public to your home or office where you’ll sign the closing documents. The closing documents are returned to us by the notary so we can disburse your funds. The funds are sent to you by FedEx.
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FAQ
What are the loan products that we offer to purchase a house?
$199 Mortgage offers both 30-year fixed rate loans and 15 year fixed rate loans.
We also have a new flexible mortgage option available.
What does a lender look at to approve me?
Credit history, Collateral (the value of the property), and your financial ability to assume and repay the loan.
How do I know what my loan rate will be?
Rates vary primarily based on the type and purpose of the loan, your credit history and income, loan amount, and value of property.
Do I get a tax advantage from having a mortgage?
You should consult a tax attorney or accountant for specific details, but interest on a mortgage is usually tax deductible. Interest on credit cards or automobile loans is not normally tax deductible.
How do I receive my loan documents?
After you complete your application with a loan agent, we will provide you with a package via FedEx. This package will contain your loan documents and loan disclosures.
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199Mortgage.com
Correspondent Mortgage License # 494325
© 2007 199Mortgage.com Privacy Policy
Correspondent Mortgage License # 494325
© 2007 199Mortgage.com Privacy Policy