4 Reasons to Choose a VA Mortgage Loan

The veterans home loan, also referred to as the VA mortgage, has been around for a number of years and is still a great way to purchase a home. The VA stats show that these mortgages have the lowest occurrence of foreclosure among all types of home loans. While we could list several reasons to choose this mortgage, we are going to focus on the top 4 benefits of a VA home loan.

No Down Payment

The guidelines from the Veteran’s Administration for the VA home loan does not require a down payment for qualified buyers. This means a borrower can get a loan equal to 100% of the home’s purchase price. This one aspect of the loan can save a borrower thousands of dollars of out of pocket expenses at the time of purchase.

Flexible Credit Rules Make It Easier to Qualify

A conventional mortgage often requires borrowers to have a rather high credit score and a strong history of repaying debt in order to qualify for their best rates. This is not the case with a VA mortgage.

The credit requirements for a VA mortgage are more relaxed.  This means that people will less than perfect credit history can often get approved for a VA home loan, opening the opportunity to qualify to many more people.

Mortgage Insurance NOT Required

Conventional loans as well as the FHA loan will charge borrowers private mortgage insurance if the borrower pays less than 20% down at the time of purchase.  This mortgage insurance protects the lender, not the borrower, in the event that the borrower is no longer able to make the payments and the home is foreclosed.  The mortgage insurance is calculated as a percentage of the outstanding loan balance and can get quite costly depending on the borrower’s credit score and the loan amount.

The VA home loan has no private mortgage insurance requirement.  This saves the borrower money each month compared to other types of mortgage loans.

Limit on Closing Costs

The VA guidelines state that there is a limit on the maximum amount of closing costs that can be charged to a borrower.  This provides an immediate saving when the home is purchased that is unique to this type of home loan.

Who is Eligible?

In order to be eligible for a VA mortgage loan, veterans and surviving spouses must meet requirements based on available entitlement and years of service. To learn more about our VA mortgage loans, contact your local Inlanta loan officer today.

To all of those who proudly serve or have served in our US military, we thank you for your service!

Reasons to Refinance in 2019

Reasons to Refinance in 2019

This year brings good news for homeowners with the current mortgage market presenting a window of opportunity for refinancing due to continued favorable mortgage interest rates, increased home values, and tax law changes effective 2018* due to the Tax Cuts and Jobs Act (TCJA).

For many homeowners, refinancing today offers the opportunity to reduce the rate on your mortgage in order to reduce monthly mortgage payments, save money, meet certain financial goals, and more

Here are a few reasons to consider refinancing in 2019:

  1. Lower your interest rate: If it’s been a while since your last mortgage check-up, there’s a chance you could be paying a higher interest rate than today’s rates. By lowering your interest rate, you’ll save money on your monthly mortgage payments that frees up cash to help meet other financial goals or live more comfortably financially month to month.
  2. Shorten the life of your loan and save money: Refinancing to shorten a 30-year vs 15-year term can save you money. With this extra cash, you may be able to retire earlier if the loan is paid off earlier, travel, or even build up investment portfolio.
  3. Drop the PMI: With the current increase in many home values, a refinance could help you drop PMI (premium mortgage insurance) to help lower your monthly payment amounts.
  4. Pay down debt: Use the extra monthly cash saved by lowering your mortgage payment to help pay down debt, or even do a cash-out refinance to pay off credit card debt, car loans, personal loans, school loans, etc.
  5. Make necessary home renovations: If you love your home and plan to be there for a while, you may want to consider a cash-out refinance loan to get the money you need to make the home renovations you’ve always dreamed of.

Inlanta Mortgage offers different types of refinance loans to meet our customers’ needs for each unique financial situation. If you’re wondering if refinancing is right for you, contact your local Inlanta Mortgage loan expert to get started.

 

2018 New interest rate deductibility limits! *

Mortgage interest deduction. You generally can deduct interest on mortgage debt incurred to purchase, build or improve your principal residence and a second residence. Points paid related to your principal residence also may be deductible.

For 2018–2025, the TCJA reduces the mortgage debt limit from $1 million to $750,000 for debt incurred after Dec. 15, 2017, with some limited exceptions.

Home equity debt interest deduction. Before the TCJA, interest was deductible on up to $100,000 of home equity debt used for any purpose, such as to pay off credit cards (for which interest isn’t deductible). The TCJA effectively limits the home equity interest deduction for 2018–2025 to debt that would qualify for the home mortgage interest deduction.

*2018-19 Tax Planning Guide by Sikich LLP, CPA

 

 

 

Benefits of Rate Locking Before Home Shopping

Benefits of Rate Locking Before Home Shopping

Is a new home on your Christmas list this year? Then consider locking your interest rate before you start shopping and take the time you need to find just the right home for you and your family!

Here’s why:

Eliminates Rates Change Anxiety – With mortgage rates changing almost daily, locking your interest rate at the right time can make all the difference in where your final monthly mortgage payment ends up. If you’re on a tight budget, then even the smallest rate increase could mean a potential problem in keeping your mortgage payment within budget. With the Inlanta’s Lock and Shop program, you can better plan your budget and help keep your finances in check by knowing what your interest rate will be before you find your home.

Have the Upper Hand – Once you’ve found your dream home, there’s a good chance in today’s competitive market that you’ll be competing with other buyers.  To win the deal, you can set yourself apart from other buyers with a rate lock and a fully underwritten pre-approval that shows you’re not only ready to buy, but you’re more likely to close and the home buying process will be expedited.

Gain Peace of Mind – The home buying process can feel overwhelming at times. Give yourself some peace of mind by locking in your rate and getting pre-approved before you even begin your home search. A rate lock eliminates potential delays in closing caused by waiting for lenders to prepare, document, and evaluate your loan application. During that time, the cost of your mortgage could increase and create unexpected complications.­­­

NO Fees! – If you’re worried about how much it will cost you to take advantage of Inlanta’s Lock and Shop program, you’re in luck! Our program offers no fees to lock and hold your rate so you can save your money for more important things – like your down payment or furniture for your new home.

Wondering if you qualify for Inlanta’s Lock and Shop Program?  Features and eligibility requirements include:

  • No property address at time of lock
  • Fixed purchase mortgage only
  • Minimum FICO score of 680
  • 72-day lock period, *extension limits apply
  • One-time only rate renegotiation when property is selected

To learn how the Lock and Shop program could make your holiday dreams of new home ownership come true, speak to one of our expert loan officers in your area or apply today.

*Lock extensions are limited to no more than 30 days past the original 72-day expiration. . Restrictions apply on locked loan amount changing and product locked cannot be changed without voiding price protection. The loan must be conventional, FHA, USDA, or VA and carry a fixed rate. The final loan amount cannot vary by more than 20% of the original lock protected loan amount. The loan program may not be changed without voiding the rate lock protection. If a property is not found within lock period, the lock is cancelled.

Vacation Home Financing

Vacation Home Financing – You Should Know

Whether you see yourself at the beach, in the mountains, or on the golf course, our Inlanta Mortgage loan officers are here to help provide you with the financing you need to make your dream a reality!

When it comes to financing second homes, it’s important to note that lenders are most concerned that the transaction makes sense. In other words, the lender wants to ensure that the buyers are not using the second home as an investment property rather than a true second home.

This is because investment properties have much more rigid financing guidelines, so don’t be surprised if you find your lender asking what you are really trying to accomplish with this home purchase.

Fannie Mae does have some additional requirements regarding the ownership of a second home. The first is that the property must be a single-family dwelling that is occupied by the buyer at least part of the year. Additionally, the property must be habitable year-round, and there can be no time-share or other similar agreement on the property.

Beyond these factors, the financing of a second home is similar to that of a primary residence. Keep in mind that the financing on these properties will be mainly through a Fannie Mae or Freddie Mac type of program, as FHA will rarely finance second homes.

Down payment amounts typically range from 10% up to 25%, based on factors such as credit.

Contact your local area Inlanta Mortgage lender partner for more details on financing the vacation home of your dreams.

Announcing New Doctor Loans Program!

photo of male doctor with Doctor Loans text

New Doctor Loans Program!

We are excited to announce our new Doctor Loans program! It is no secret that doctors take on a lot of student loan debt to pay for medical school. If you are one of these everyday superheroes, you may be experiencing difficulty achieving your dream of homeownership as a result. Have no fear – Inlanta is here to help! We now have two loan options for qualified borrowers through our Doctor Loans program, designed with your unique needs in mind.

What kinds of doctors are eligible?

You must have one of the following designations in order to be eligible for this program:

  • Medical Resident
  • Medical Doctor (MD)
  • Doctor of Dental Science (DDS)
  • Doctor of Dental Medicine or Surgeon (DMD)
  • Doctor of Ophthalmology (MD)
  • Doctor of Optometry (OD)
  • Doctor of Podiatric Medicine (DPM)
  • Doctor of Osteopathic Medicine (DO)

What do these options have in common?

Highlights of both Doctor Loan options:

  • Income-based repayment or other limited payment options may be used in qualification ratios
  • Student loan payments deferred greater than 12 months may be excluded from qualification ratios
  • If employment start date is within 60 days of closing, we may be able to use your new employment contract to qualify

Additional eligibility requirements:

  • Available for primary residences only (condos, PUD’s, or single-family residences)
  • Purchase or no cash-out (rate/term) refinances only
  • Minimum credit score varies by loan option, but typically the minimum credit score range is 680 to 720
  •  Mortgage insurance (MI) is required (consult your loan officer for MI options)

What are the differences between the two options?

Doctor Loan Option 1 Highlights

  • Adjustable Rate Mortgages (ARM’s) only
  • As low as 3% down payment on loans up to $650,0001
  • As low as 10% down payment on loans up to $850,0002
  • Must have 3 months in cash reserves
  • At least 3% of down payment must come from your own funds, but the rest may come from a gift

Option 1 Conditions: Maximum debt-to-income ratio is 43%. 14.649% APR calculated based on $200,000 loan with 3% down adjustable rate mortgage after 5 years, closing fees $1,185 plus 1/2 point. 24.558% APR calculated based on $200,000 loan with 5% down fixed for 30 years, closing fees $1,185.

Doctor Loan Option 2 Highlights

  • Fixed rate or ARM options
  • As low as 5% down payment on loans up to $636,1503
  • Minimum credit score of 680 is required (if excluding student loan deferments from qualification ratios, minimum credit score is 720)
  • Does not require specific amount of cash reserves
  • May allow gift funds to fully fund down payment

Option 2 Conditions: No maximum debt-to-income ratio. 3$636,150 loan amounts only available in certain High-Cost Areas of the country. All other areas have a maximum loan amount of $424,100. 4.666% APR calculated based on $200,000 loan with 5% down fixed for 30 years, closing fees $1,185.

Which option is right for you?

Your Inlanta Mortgage loan officer will be able to answer all of your questions. Every person’s financial situation is different and program terms & conditions are always subject to change. Your loan officer will take a look at your unique situation and best advise you on which program is right for you. Locate an Inlanta Mortgage loan officer nearest you.

FHA and VA Increase Loan Limits for 2017

fha_va

FHA and VA increase loan limits for 2017

 

Last week, we announced the news that the FHFA increased conforming loan limits. As a result, the Federal Housing Administration (FHA) and Department of Veteran Affairs (VA) have also increased the limits for FHA loans and VA loans, respectively.

FHA loan limits have increased from $271,050 to $275,665. These new loan limits apply to FHA-insured loans that have an application date of January 1, 2017 or later.
VA loan limits will follow the new limits set for Fannie Mae and Freddie Mac conforming loans. The VA will use these limits to determine how much of the loan they will guaranty and how much an eligible veteran can borrow without requiring a down payment. Veterans should consult their loan officer for further details. You can also visit the Department of Veteran Affairs website for additional information about VA home loans.

A loan limits will follow the new limits set for Fannie Mae and Freddie Mac conforming loans. The VA will use these limits to determine how much of the loan they will guaranty and how much an eligible veteran can borrow without requiring a down payment. Veterans should consult their loan officer for further details. You can also visit the Department of Veteran Affairs website for additional information about VA home loans.

If you are looking to buy a home in 2017, this is excellent news for you! With rising home prices and the market’s return to pre-recession growth, the loan limit increase signifies a growing market. Many homebuyers will now be able to afford larger homes or homes in more expensive areas with better loan terms. If you need help getting started on your home loan journey, check out our blog for more details on the home buying process, FHA loans, and VA loans.

 

 

Lower USDA Fees

usdaLower USDA Fees

 

Good news!

 

Both the upfront guarantee fee and annual fee (collectively the “fee schedule”) for purchase and refinance using USDA Rural Development’s home loan program will decrease on October 1, 2016, the first day of fiscal year 2017.

 

The upfront guarantee fee will drop from 2.75% to 1%, and the annual fee from 0.5% to 0.35%.

 

This could possibly mean more buying power! Income limits and credit approval will apply, but this could be a wonderful opportunity for anyone you know considering buying a home in an approved rural area.

 

Want to know more? Click here to find a loan officer in your area!

 

ABOUT INLANTA MORTGAGE

Headquartered in Pewaukee, Wis., Inlanta Mortgage was established in 1993. The company has grown to 35 branches in 16 states and over 240 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

In 2016, Inlanta Mortgage was recently named a Top Workplace for a third consecutive year. Inlanta has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine. Inlanta has also received the Platinum Million Dollar USDA Lender Award.

PARTNERSHIP OPPORTUNITIES

Inlanta Mortgage continues to expand its branch network and encourages ethical lending professionals to learn more about our support platform and discover how an Inlanta branch partnership with Inlanta Mortgage is essential to long-term success.

Locate an Inlanta Mortgage loan officer at www.inlanta.com/locations. For current employment opportunities, visit www.inlanta.com/join-our-team/employment-opportunities. Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260, or email partners@inlanta.com.

Inlanta Mortgage, Inc. NMLS #1016.

Is an Adjustable-Rate Mortgage Right for you?

shutterstock_66464719

Is an Adjustable-Rate Mortgage right for you?

 

When you shop for a mortgage, whether it’s for a new home or a refinance, you’ll soon hear about adjustable-rate mortgages (ARMs). For some, an adjustable-rate mortgage is an automatic no. If that is the case, it is usually for one of three reasons:

  • They’re uncomfortable with any risk;
  • They’re unaware of just how an ARM works;
  • They can predict the future with relative certainty.

While ARMs definitely have their advantages, make sure you understand them before getting into one.

 

How ARMs work

All ARMs start out as fixed-rate mortgages for the first 3, 5, 7, or 10 years. An ARM will appear like this, where the first number in the terms “3/1,” “5/1”, or “7/1” denotes the number of years that the rate will be fixed. Usually the lower the number is, the lower the initial rate. During the fixed period, there is no risk and typically a healthy savings. The second number shows how many years before the rates can be adjusted once that fixed period has expired.

After this fixed period, the rate can fluctuate. The rate itself is made up of both fixed- and variable-rate components. The variable component will be based on some index such as Treasury bonds. This is added to the fixed-rate component set by the lender when you determine your starting rate.

Your decision to obtain an ARM should be based on how long you plan to live in this home. Having reasonable expectations for future sale or refinancing is all it can take to make an ARM worth considering. If you believe that you could be living there for a long time, you may want to consider opting for a fixed-rate mortgage. The reason? If you have an ARM and have to refinance at some time in the future when rates are higher, you might find yourself in a fixed-rate mortgage with a much higher rate.

 

Inside Information

Lenders give you a discounted rate up front because they know the rate will float with the market later on. If you sell your home or refinance again prior to that happening, it’s their loss. You have the advantage here because you control the timing of your next step.

 

Managed Risk

One way to prepare for the possibility of a higher rate and payment later is to pay extra principal each month to reduce your balance faster. If the rate ultimately adjusts up, your balance will be lower and the payment change will be less as a result. As well, you would already be accustomed to paying more.

 

The Bottom Line

A fixed-rate loan provides the certainty that it will never change. An ARM provides a guaranteed savings but for a limited period of time. The best way to decide is to balance your expectations for using any particular loan with the peace of mind that can come from being assured of stability, even if your timeframe changes.

 

ABOUT INLANTA MORTGAGE

Headquartered in Pewaukee, Wis., Inlanta Mortgage was established in 1993. The company has grown to 35 branches in 16 states and over 240 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

In 2016, Inlanta Mortgage was recently named a Top Workplace for a third consecutive year. Inlanta has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine. Inlanta has also received the Platinum Million Dollar USDA Lender Award.

PARTNERSHIP OPPORTUNITIES

Inlanta Mortgage continues to expand its branch network and encourages ethical lending professionals to learn more about our support platform and discover how an Inlanta branch partnership with Inlanta Mortgage is essential to long-term success.

Locate an Inlanta Mortgage loan officer at www.inlanta.com/locations. For current employment opportunities, visit www.inlanta.com/join-our-team/employment-opportunities. Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260, or email partners@inlanta.com.

Inlanta Mortgage, Inc. NMLS #1016.

Jumbo Loans

jumboloansJumbo Loans

Jumbo loans can be an excellent choice for those who qualify, but many people either do not know this type of financing is an option or they believe some common misconceptions. To help give us a clear picture of what exactly a jumbo loan is, we asked our Fort Myers, Florida Branch Manager, Jim Marcinkowski, some common questions.

 

1.) What makes a Jumbo loan different from other loans?

Jumbo loans are for mortgage amounts over $417,000.This fact is surprising to many since a jumbo loan is commonly mistaken for a loan that is equal to or exceeds a million. The truth is, a loan that is under Fannie Mae or Freddie Mac and is over $417,000 is automatically considered a jumbo loan.

 

2.) What would make someone an ideal candidate for this loan? In other words, what are the requirements to qualify?

a. The minimum credit score is 680, but the higher the better. It is always beneficial to have a higher credit score when dealing with home loans.

b. A jumbo loan has a maximum of $3,000,000. This does not mean the value of the home. The value of the home you are buying can exceed $3 million to receive a jumbo loan, but the difference between the loan maximum and the value must be paid in cash.

c. You must have an 85% loan-to-value (LTV) ratio (or the relationship between the amount of the mortgage and property value, shown as a percentage) for a primary residence, 80% LTV for a second home.

d. Interest rates may be a little higher than conforming rates

e. Cash reserves are required. You must have 6 months of reserves for an LTV under 80% on loan amounts of $1 million and under, and18 months of reserves are required for LTVs over 80%. Depending on the LTV, reserves could go as high as 24 months.

 

3.) What are the downfalls of this type of loan?

Debt-to-income ratios can be lower than conventional, meaning the requirements on this loan are stricter when it comes to the amount of debt a person or couple can have. Those who can meet the guidelines may feel the process can be more tedious than receiving, say, a conventional loan. It makes sense that the process for this loan would involve more than most considering the loan amounts are typically higher and the lender needs enough information to prove that the borrower can successfully pay a jumbo mortgage.

 

4.) What are the benefits of this type of loan?

The interest rates for jumbo loans are at near historical lows. Interest rates are constantly fluctuating. The same is true for jumbo loans, but they still tend to linger on the lower end. Refinancing with a jumbo loan can mean better savings than a traditional loan. A jumbo loan allows refinancing at loan amounts between $417,000 and $650,000. Better savings on a refinance can go towards investments, college tuition, or anything else that may need to be paid off. Jumbo loans can also come with better offers from lenders, which may include reduced fees during the process.

 

5.) What are the different loan options within this program?

Like most other mortgages, jumbo loans come in loan terms of 10, 15, 20, 25 and 30-year fixed or adjustable rates.

 

While jumbo loans may not be the best fit for everyone, they offer many great benefits for those who qualify. If you would like to learn more about our jumbo loan program, click here. Ready to get started? Locate one of our experienced loan officers and get pre-qualified for a loan today!

 

ABOUT INLANTA MORTGAGE

Headquartered in Pewaukee, Wis., Inlanta Mortgage was established in 1993. The company has grown to 35 branches in 16 states and over 240 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

In 2016, Inlanta Mortgage was recently named a Top Workplace for a third consecutive year. Inlanta has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine. Inlanta has also received the Platinum Million Dollar USDA Lender Award.

PARTNERSHIP OPPORTUNITIES

Inlanta Mortgage continues to expand its branch network and encourages ethical lending professionals to learn more about our support platform and discover how an Inlanta branch partnership with Inlanta Mortgage is essential to long-term success.

Locate an Inlanta Mortgage loan officer at www.inlanta.com/locations. For current employment opportunities, visit www.inlanta.com/join-our-team/employment-opportunities. Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260, or email partners@inlanta.com.

Inlanta Mortgage, Inc. NMLS #1016.

FHA & VA Loan Programs

fha_vaFHA & VA Loan Programs

With mortgage rates still low, now is a great time to buy! There are many different loan options out there today that make buying a home achievable, and it is important to understand your options throughout the home buying process. Continuing our discussion on government loans from last week, we want to take some time to discuss your options with FHA & VA loan programs.

 

FHA Mortgage Loans

The FHA, or Federal Housing Administration, offers a low down payment option that can help low income or first time homebuyers purchase a home. Since the Federal Housing Administration insures your mortgage, individual lenders may be more willing to give you loan terms that make it easier for you to qualify. To qualify, you must have proof of steady employment and clear CAIVRS, which is the government’s Credit Alert Interactive Verification Reporting system, to qualify. CAIVRS is a database of those who have defaulted on government loans, owe back taxes, or have other federal debt. If you are on this list, you will not be able to receive the loan unless you can get your report cleared.

Compared to other loan programs, FHA has lower credit score requirements. It does, however, require a minimum score of 580 to qualify for a low down payment. If you are concerned about your credit score, consult your loan officer to find out if you might still qualify. These loans can also have a lower down payment requirement than a conventional loan. Conventional guidelines call for two months of asset reserves at closing, meaning two months of mortgage payments, including taxes and property insurance. FHA has no reserve requirements which means less money spent at the closing table.

Not only can closing costs be paid for by the seller, but the down payment of an FHA loan can also be gifted to the homebuyer. This has become a trend for buyers who are getting married and prefer that their gifts go towards a down payment on a home rather than a wedding registry. If you are getting a gift for your down payment, make sure you document it by getting a gift letter from the person you receive the gift from and be able to document any large deposits to your bank account. This will be required when your application is looked at by an underwriter.

It is important to note that FHA loans can only be used towards the purchase of a primary residence, so if you are looking to purchase a second home or vacation home, you will need to look at other programs. In addition to FHA purchase loans, other FHA options include streamlined and cash-out refinancing, as well as FHA 203k rehabilitation loans, which allow you to combine renovations and the purchase of your home into one loan.

 

VA Loans

If you have served our country, you may qualify for a VA loan. These loans are available for active, non-active, and retired Army, Air Force, Marine, Navy, National Guard, and Coast Guard vets who meet the established service requirements. To qualify, the veteran must have served on active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum or 181 continuous days during peacetime. There is a two-year requirement if the veteran enlisted and began service after September 7, 1980 or was an officer and began service after October 16, 1981. There is six-year requirement for National Guards and reservists with certain criteria and there are specific rules concerning the eligibility of surviving spouses.

VA loans offer many great benefits to veterans that are worth looking into eligibility for. These benefits include:

  • No Down Payment
  • No monthly mortgage insurance (PMI)
  • Gift Funds are acceptable for closing costs
  • No Cash reserves requirement
  • A variety of terms or loan types available
  • Available for purchase and refinance
  • Reduced costs for disabled veterans
  • Seller can pay closing costs
  • Seller pays for any required repairs
  • No pre-payment penalty

Both of these programs can offer many great benefits to qualified borrowers. If you think one of these programs would be a good match for you, contact one of your local Inlanta Mortgage loan officers to get pre-approved today!

 

OUR MISSION STATEMENT

Our mission is to be the home financing partner that you trust to serve your family, friends, and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty, and ethics is the foundation of all of our relationships.

ABOUT INLANTA MORTGAGE

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 35 branches in 16 states and over 240 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2016. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

PARTNERSHIP OPPORTUNITIES

Inlanta Mortgage continues to expand its branch network and encourages ethical lending professionals to learn more about our support platform and discover how an Inlanta branch partnership with Inlanta Mortgage is essential to long-term success.

Locate an Inlanta Mortgage loan officer at www.inlanta.com/locations. For current employment opportunities, visit www.inlanta.com/join-our-team/employment-opportunities. Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260, or email partners@inlanta.com.

Inlanta Mortgage, Inc. NMLS #1016.