Mortgage Information

  • Interest Rates currently range between 3.5% and 4.5% for conventional, FHA, and VA loans.  
  • Investors expect to put a 25% to 30% down payment. 
  • Apply with your lender to get pre-approved for a loan before seriously stepping into the buying process and sellers expect this.
  • Down Payment and Closing Costs assistance programs such as SHIP and Bond Money. 
  • Rural Housing Loan Program that is based on geographic area which allows you to obtain 100% financing.  
  • First Federal Mortgage - Royce Ingram
  • University Lending Group - Jason Weber
  • Wells Fargo - Derek Bignell

There are many lending institutions that offer a variety of mortgage products. Financing options may vary widely, so it is important to do your research and meet with a lender to ensure you get the mortgage that best meets your needs at the best price. 

 

Mortgage Qualification Calculator

This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.

Mortgage Payment Calculator & Amortization Table

This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.