How can we help you?
If you are a first time borrower, knowing what you can qualify for can be confusing and intimidating. The amount you qualify is primarily comprised of what your debt to income ratio is. When applying for a loan, we look at how much income the borrower(s) bring in on a monthly basis minus their liabilities.
Most people think they need to come up with 10%-20% down payment when purchasing a home. Although a large down payment can reduce your monthly mortgage payment or eliminate PMI, it is not necessary. As a matter of fact, most of Pollends loan programs require about 3%-3.5% down.
Pollend works with most types of loans including VA, FHA, Conventional, USDA, and Jumbo Loans.
Pollend works with local and federal down payment assistance programs. To see if you are eligible, reach out to one of our team members today.
The mortgage process can be as fast as 7-10 days or last 30 days or longer. The speed of your mortgage depends on how fast you get your documents into our system and how busy the underwriters are. A good rule of thumb is to plan about 30 days from start to finish.
We will always need a full mortgage application, 2 years of tax returns, 60 days of bank statements, and your last 2 pay stubs. There are times we may need additional supporting documents.
Think of mortgage brokers as people that work with multiple lending sources. Instead of limiting yourself to what a single bank or credit union may offer, you are shopping many lenders at once. Often times this means you can get more competitive rates with more options.
When applying for a mortgage, a tri-merge credit report is required. This is a credit report from all three of the major credit bureaus.
Pollend offers many ReFi programs that can help you cash out equity in your home, lower your monthly payment, lower your interest rate, or eliminate your PMI.
Pollend works with people that have excellent credit to not so excellent credit. We are usually able to help individuals with a 580 or higher depending on program availability.
Your interest rate is determined by your credit score and what the rates are on the day you lock. Pollend is always able to give you an estimate based off of today's rates.