Select the statement below that best describes you:
I need to make repairs or upgrades to my new or current home
This is my first home purchase
I need a low down payment
I have a high credit score and would like a steady interest rate
I need a a bigger loan for a more expensive home
I would like to eliminate or lower my mortgage insurance (PMI)
I’d like to live outside the city
What should I consider when deciding on a loan type?
- Determine how much you can afford
- Think about how long you are willing to commit to a loan
- Consider other qualifying factors (i.e. military service, rural setting, credit rating)
- How much cash do you need for a down payment?
What are the available loan types?
- Fixed Rate Mortgage
- Adjustable Rate Mortgage
- FHA Insured Loan
- Jumbo Loan
- Real Estate Investor Loan
- VA Loan
- Home Improvement Loan
- USDA Home Loan
- Reverse Mortgage
Applying for a home loan is easy with TILA. We walk you through the entire process of getting a home loan, making sure you understand and feel comfortable with every last detail. We listen to you so we can understand your goals and recommend an excellent product for you and your family.
Key Areas We Review:
- Employment history and income
- Credit report and score
- Monthly debt payments
- Cash for down payment
The first step of the process is to submit an application. This will include questions about your past and current employment, rental information (if applicable), and any recurring debt payments you may have like car loans, student loans, credit cards, and furniture payments.
We will also order a credit report, which will give us an idea of your history of paying bills on time. This information helps us to determine whether you can pay back the loan, and what type of mortgage you may qualify for. At TILA Mortgage, our customers know very early in the home loan process which product fits their situation, along with the fees and other costs that may be involved.