What
can you afford?
We’ll figure your affordability based on a simple calculation and guide
you through it. Then, we’ll talk about the different options we feel
may work for you.
How much will it cost?
You will be happy to know that you have the flexibility to determine your
final loan terms and pricing or, points based on current market conditions.
We’ll work with you to consider all aspects of pricing relative to your
objective, your financial needs and your preferences.
What
about self-employed, limited credit, or not enough income on paper?
There are loan programs available today to suit just about every
situation imaginable:
• 100% loans for purchases and refinancing both with and without income verification
• Single-Close Construction Loans to save thousands on closing costs
• No Credit Score programs for those with no existing credit file
• Mortgage-Only credit programs for those lacking sufficient credit scores or credit history but who have a good payment history on a current mortgage
• Community Lending Programs for Affordable Housing
• Veteran’s Administration and First Responder Programs
• Speculative Construction
and Commercial Loan
top of page
Get
Started Now!
Call our Santa Fe office today and apply with confidence. Your business is
appreciated — see
our Business Reliability Report and the Santa
Fe Chamber of Commerce. Your privacy
will be respected.
Make
an Offer.
We recommend you work with a qualified, licensed real estate professional
such as an accredited buyer’s representative or, “ABR.”
(In most cases, the real estate agent who helps you is working as the seller’s
representative.) However, we’re here to help if you choose to purchase
a property on your own without a buyer’s agent. The most important thing
to know is that real estate purchase agreements are binding, legal contracts
when executed and accepted. That means that you and the seller MUST perform
specific actions throughout the contract process by the dates specified. Generally
speaking, if you perform within the specified time frame with the appropriate
action and you are not able to obtain acceptable financing terms by the deadline
date, then your contract can be terminated and your earnest money may be returned
to you, if you have negotiated this as a condition of the contract. Virtually
everything in a real estate transaction is negotiable but TIME IS OF THE ESSENCE.
Once your contract is accepted, it is crucial that you stay in close communication with us about the various deadlines.
Get
us your information for a loan application
and final approval.
The application is your statement of:
Income
Employment
Assets and Liabilities
Declarations -
Use of Property, Residency and Disclosures
top of page
We provide “Good Faith Estimate”
and “Truth-In-Lending” Disclosures.
These federally required disclosures estimate your total settlement
charges, loan type and terms. Upon completion of your application with us,
we’ll provide you with all of the required disclosures pertaining to
your loan and additional information with no obligation. This document will
include your “Guide To Settlement Costs And Buying A Home” and
the “Consumer Handbook On Adjustable Rate Mortgages”
Then
what happens?
We’ll process your loan to your request and your objective from application
to closing and funding in accordance with available underwriting guidelines
for the loan program you select. We’ll order the appraisal, preliminary
title report, tax and insurance information to be sure the value is there
for you and to protect your investment in the property.
We’ll guide you through the documentation requirements and collect only the minimum of personal information from you to secure your loan request. We can refer you to qualified professionals in Santa Fe and throughout New Mexico for every service from A to Z. Their only reward is your consideration. In accordance with the Real Estate Settlement Procedures Act we neither provide nor accept referral fees.
Once all of the information is in, we’ll submit your request for final approval and order the loan documents for your closing. We’ll review the Settlement Statement and loan documents for accuracy prior to your signing them at the closing.
Allow us to help you through
the process. We’ll be with you every step of the way, including at closing
and beyond.
