It's easy to understand why many people looking for a new home are turning to FHA insured loan. Because FHA Loans are insured by the Federal Housing Administration, homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home in an area that is not considered a major metropolitan area by USDA. At MAC5 Mortgage, Inc., our mission is to set a high standard in the mortgage industry.
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home in an area that is not considered a major metropolitan area by USDA. At MAC5 Mortgage, Inc., our mission is to set a high standard in the mortgage industry.
Services
Welcome to The Home Finance Team powered by MAC5 Mortgage. The Home Finance Team is staffed by the best Sr. loan originators and processors in the industry. There are 3 sets of hands and eyes on each file from start to finish. Not only working with the files they are communicating with agents, borrowers, etc.
The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.
Pre-qualification starts the loan process. Once a lender has gathered information about a borrower's income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for.
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