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Mortgage rates are at an all time low
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Our Lending Process

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Getting Started

The best place to start is by educating yourself about the different types of Mortgage Products that are available to you. Check out current rates, save money, and check your credit score to determine what you may qualify for. You should also start gathering the documents you’ll need to complete the process.


Calculate What You Can Afford Here
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Pre-Qualification

Know what you can afford before you shop. Through a fast and free process, we can give you prequalification on a loan amount and a monthly payment that fits your needs. When you find the home you want, you can use your USALLIANCE Financial pre-qualified mortgage loan to negotiate and buy with confidence.


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Loan Application

To begin the application process, apply online at any time. There is no cost or obligation with our online application. We will need certain information about yourself and the property you are planning to purchase or refinance. Information can be changed if necessary as you work with your loan officer to complete your application.


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Processing and Underwriting

Once your loan application is completed, your loan processor will collect and analyze your information and review the loan for approval. The processor will also order an appraisal on the subject property. An underwriter will analyze the information in your loan packet once it’s complete, review the property, examine your credit, handle your mortgage insurance (if applicable), and assign any loan conditions.


Complete the Checklist
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Closing

Once all your pre-closing conditions are approved, we will set up a closing date convenient for you. The closing agent will provide the loan documents. The closing agent will also provide you with a list of items you will need to bring with you to closing, as well as your final closing figures. Once your appointment with the closing agent has been established, we will work hand in hand with the closing agent to provide you with all information in a timely manner so that you can prepare for the closing of your mortgage loan.

See if you qualify for a mortgage loan
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Our Products

First Time Home Buyer
With down payments as low as 3% and home ownership education designed to set you up for success, we’ll help you navigate the home-buying process like a pro.

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Home Equity
Your home can be the key to your next loan. Well qualified borrowers can borrow up to 85% of the value of your primary residence, using that home as collateral.

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Construction-to-Permanent Loans
Whether you are building your new dream home from the ground up or planning to renovate or expand your current one, a construction-to-permanent loan from USALLIANCE is a great foundation.

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Conventional Loans
Conventional loans are mortgages that are not covered by any government insurance or guarantee program, and where the loans amount does not exceed FNMA loan limits.

Up to 97% financing for most properties and mortgage products
Loans with less than 20% down payment, or refinanced loans with less than 20% equity in the property will require private mortgage insurance.

May also be used to purchase and refinance primary and second homes. Borrowers may choose either a fixed or an adjustable rate loan with up to 30 years to repay.

Refinancing your current mortgage could lower your interest rate in addition to your monthly mortgage payments.

View Rates
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Adjustable Rate Mortgage
ARMs are great for homebuyers who plan to trade up in future years because interest rates generally begin lower than fixed rate mortgages.

An Adjustable Rate Mortgage (ARM) features a variable interest rate, which is periodically adjusted, based on the change in a financial index, plus a margin that is established at origination. Interest rate changes are limited or capped at each adjustment and for the life of the loan. ARMs may provide the security, flexibility and affordability prospective home buyers desire.

5/1, 5/5, 7/1 and 10/1 adjustable rate mortgages for conforming and jumbo loan amounts.

Each ARM product has their own index, margin, and caps.

The initial interest rate is fixed for a certain period.

View Caps
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Jumbo Loans
If you find yourself requiring financing greater than what a conventional loan can provide, we can help. Repayment options also vary, enabling you to select a mortgage that fits your budget.

Minimum down-payment or equity requirement as low as 20%.

Eligible Property Types: Owner Occupied 1-4 Unit Primary Residences and 1 Unit Second/Vacation Homes (Investor Properties and Coops are not eligible).

Super Jumbo Loan Amounts of $1,500,001+ available. Minimum Credit Score (FICO) 680*

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*Please note that exceptions may be available on case-by-case basis for FICO as low as 620 with strong compensating factors, approval is required and rate add-on's will apply. Additional conditions apply. Borrower's must meet all established program requirements and guidelines. Terms, including down-payment requirements, may vary based on actual loan amount and program selected. All terms subject to change without notice.

FAQ

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