Loan Programs

Buy First, Sell Later

Buying a new home after your current home has gone under contract and only having less than a week to find a new home can be an extremely stressful situation. One way to make the process of buying a new home easier is to buy first and sell later. Meaning buy your new home, move into it at your leisure, then once your old home is empty, list and sell it. There are many benefits to this strategy. Firstly, this makes it so you only have to move one time and won't have to deal with expensive storage fees or doubled moving expenses. You’ll also have a cushion in case something goes wrong during the process of purchasing the new home. Like in the unfortunate case of a deal falling through, you’ll still have your old home to stay in. It also gives you time to make improvements or repairs on your old home before listing, which can help ensure you receive top dollar offers from interested buyers. To make this type of financing happen there are two major considerations to work out: your down payment AND qualifying for both mortgage payments. Qualifying for both payments can be tough. If you qualify for both payments right away, it’s smooth sailing. If by chance you don’t qualify for both, there is still an option for you. You can convert your existing home to a rental property and use 75 percent of the home to a rental property and use 75 percent of the rental income to offset the existing payment. This strategy works great if you are wanting to acquire rental properties and grow your real estate portfolio. Figuring out the best strategy to purchase and sell your home can be a bit complex and difficult at times. So, you never want to go at the process alone! It is always better to have a trusted mortgage professional on your side. There is never any harm in discussing your situation with a mortgage lender, like me, who will be able to tell you after running a few numbers whether you can make the buy first, sell later strategy work. If you think this is something you would like to look into, give me a call and let's discuss it further.
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Get the Loan, Skip the Appraisal

We are always looking for ways to save you money when it comes to your home purchase or refinance. One of the ways we do this is to check whether your property is eligible for an appraisal waiver – which could save you hundreds in appraisal fees! Also known as a property inspection waiver, an appraisal waiver allows a homeowner to forgo hiring (and paying for) an appraiser to perform an appraisal on their current or prospective home. Instead of someone coming out to walk through the property, we will use automated information based on data such as recent home sales in your neighborhood, to get the appraised value. Appraisals can cost anywhere from $500 to $1000, so having it waived can save you a lot of out-of-pocket money. It also helps to alleviate the stress of an appraisal potentially coming in low. When an appraisal does come in low, buyers typically have to bring additional funds to the closing table to cover the difference. An appraisal waiver immediately removes this stress from this part of the transaction for both the buyer and seller. No more having to wait weeks to find out if you are going to be able to close. In fact, with an appraisal waiver it’s possible to close in 15 days or less! An appraisal waiver does require a 20% down payment to qualify, and I have to run the address through a system called DU prior to submitting any offers. Not all homes are qualified for an appraisal waiver but checking to see if a property is qualified is easy, just reach out to me with an address! Appraisal waivers can save you money and time, which is crucial in today’s market. Reach out to me today see if you qualify for and let me show you how great working with ALV Mortgage can be.
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7 Home Buying Tips Every Veteran Needs to Know – By Redfin

7 Home Buying Tips Every Veteran Needs to Know

blue two story home with garage For most people, buying a home is an exciting and emotional milestone. This can be especially true for veterans, who have likely spent years traveling between bases, and are looking for a place to finally call their own. While the home buying process can be overwhelming, there are many resources available to make it easier and more affordable for those who have served their country. If you’re a veteran or active military personnel and you’re starting the quest for your new home, be sure to first consider these seven important home buying tips.

1. Understand the VA home loan

Most veterans are eligible for a VA home loan, which is provided by private lenders but backed by the U.S. Department of Veterans Affairs. “Like any homebuyer, veterans eligible for the VA home loan program should shop around to different lenders to find the best mortgage for their needs,” said Redfin chief economist Daryl Fairweather. A mortgage that requires $0 down, VA loans are a competitive and affordable way for veterans laying down roots to save. Credit requirements are looser than traditional mortgages as well – a bonus for those who don’t have a long credit history. Further, VA loans don’t require private mortgage insurance (PMI) – a typical form of insurance for those who can’t put down 20 percent. In the past, there have been caps on the size of VA loans offered. However, starting January 1, 2020, a new law will eliminate VA loan limits, allowing veterans to buy higher-value homes. Additionally, funding fees are required with VA loans, which are not generally included in standard mortgages. However, the fees serve a good purpose as they go directly to the Department of Veterans Affairs to pay the costs of the program. In 2020, the funding fee will be 2.3 percent of the total loan amount for the first use and 3.6 percent for additional uses. You can pay for this fee upfront or roll it into the loan. Before moving forward, be sure to review the loan requirements and ensure you’re eligible. Learning the basics of a VA home loan and how to properly use your military benefits are just small pieces of the mortgage process. To better understand how to maximize the use of your benefits, speak with a qualified mortgage lender to discuss what works best for you. american soldier boots and backpack

2. Explore all of your lending options

VA loans are great for those who are looking for a loan with no down payment and limited closing costs. However, there may be instances where other loan options are a better fit. Additional lending options include:
  • FHA loans: Like VA loans, an FHA loan allows veterans to buy a home without the need for great credit and large down payment. While FHA loans have some cost-saving advantages, they usually can’t match those of a VA loan. However, if your credit score is in the 500s, you likely won’t qualify for a VA loan. In this case, an FHA loan is a great option.
  • USDA loans: If you’re looking to buy a home in a non-urban area of the U.S., you may qualify for a zero-down loan backed by the U.S. Department of Agriculture. USDA home loans allow buyers to secure these mortgages as long as the property is within a qualified area. If you qualify as low- to moderate-income and can’t qualify for VA loan, consider a USDA loan instead.
  • Conventional loans: These are the most common type of home mortgages for the general public. Unlike an FHA or a VA loan, conventional loans aren’t backed by the government. Credit requirements and financial standards for conventional loans tend to be more limited. However, those with excellent credit and stable assets can often get great rates and terms.
  • Native American Direct Loans: This program is specifically for qualifying Native service members to use VA loan benefits for housing on federal trust lands. Veterans who are not Native American, but who have a Native American non-military spouse, may also be eligible for a loan under this program. Unlike the traditional VA loan, NADLs come straight from the government and don’t involve a third-party lender.

3. Focus on credit

VA loans have looser credit requirements than traditional mortgages, but this doesn’t mean that credit is ignored entirely. Homebuyers do need a credit history of some sort with more positive than negative indicators. Check your score regularly to ensure your current actions are building and not hurting your credit. You can get one free copy of your credit report every 12 months at AnnualCreditReport.com.

white house with american flag outside

4. Look into other financial resources

There are a number of other home buying grants and programs offering financial resources to veterans, including:
  • Dream Makers Program: This program provides qualified veterans and active duty service members grants for down payments and closing costs. The Dream Makers grant is based on a 2-to-1 match of what the homebuyer contributes towards the purchase.
  • Adapted Housing Grants: These grants can help veterans with permanent and total service-connected disabilities purchase or build an adapted home. They can also be used to modify an existing home to accommodate a disability.
  • There are also numerous state and local programs that provide housing grants for veterans in their area. For example, the Utah Veteran First-time Homebuyer Grant gifts $2,500 to veterans and those currently serving who purchase their first home in Utah. Once you know the location of your new home, you can also check the VA’s National Resource Directory for more location-specific housing assistance.

5. Keep your job

Stability, employment, and income are important parts of qualifying for any mortgage, including a VA loan. So, if possible, keep your employment consistent throughout the home buying process. Quitting your stable job, even if you have another one lined up, raises red flags for lenders of all kinds. This implies that your income may not be on par with the terms upon which your loan offer was made. Even if you signed the paperwork, your loan isn’t guaranteed until the closing process is complete. So if you change jobs during any part of the process, your loan eligibility could be withdrawn. This also goes for big purchases. You should, of course, still make necessary purchases, but anything extraneous and large that can wait, should.

veteran with spouse

6. Don’t forget about closing costs

Limited closing costs is one of the great benefits of a VA loan. While the loan has closing costs, the government doesn’t allow veterans to pay many of them. These non-allowable costs can include escrow or settlement fees, processing, underwriting, and document fees. The lender may charge a one percent origination fee instead, meaning one percent of the loan amount. Veterans will also not pay for termite inspections or non-title legal fees. So what fees will need to be paid? Veterans will pay for a credit report, appraisal, title insurance, recording fees and a survey. Over the life of the loan, there may be other recurring charges that the veteran will be responsible for, such as hazard insurance. Keep in mind that the types of fees and their amounts vary greatly by state. Your lender should provide you with a loan estimate, which outlines the exact fees you’ll need to pay at closing. You can also negotiate these costs, and the seller may pay for some of them.

7. Use the right real estate agent

If you plan to take advantage of veteran home buying programs, choose a realtor who is experienced with veterans. The differences between VA loans and other mortgage options can be vast, so working with a professional who fully understands the buying process for veterans is highly recommended. Consider searching through online directories to find veteran-friendly agents or speaking with other veterans who have made successful purchases in your housing market. If you feel that your agent can’t properly guide you through the process, don’t be afraid to make a switch at any time. Buying a house as a veteran can be a major decision, especially for those newly out of the service. However, the right information and preparation can make the process significantly easier. From reviewing all of your lending options to understanding closing costs, these seven veteran home buying tips can help make the process of homeownership as exciting and seamless as possible.
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Mortgage Insurance : A Breakdown

What is Mortgage Insurance? Mortgage insurance is a specialized protection for the lender -not the buyer- if you are unable to make your mortgage payments, for any reason. If you fall behind, your credit score may suffer, and you could stand to foreclose on your home. How does it work? Mortgage insurance lowers the risk to the lender making the loan to you, that way you are eligible for a loan you might not otherwise get. This does increase the cost of the overall loan but if you are required to get it, it will either be included in your monthly payment, your costs at closing, or both. Who needs Mortgage Insurance? Typically, borrowers making a down payment of less than 20 % of the purchase price of the home also will need to pay for mortgage insurance. This insurance is also usually required on FHA and USDA loans. Are there different ways to pay for Mortgage Insurance? There are several different kinds of loans available to borrowers who have low down payments, and the resulting mortgage insurance can be paid for in a number of ways:
  • Conventional Loans - your lender may arrange for a private company to insure you. Private mortgage insurance (PMI) rates vary by the amount of the down payment amount and credit score, but are tend to be cheaper than FHA rates for good credit. Under certain circumstances, you may be able to cancel your PMI. (see last question)
  • FHA Loans - premiums from your insurance are paid to the Federal Housing Administration (FHA). This insurance is required on all FHA loans. FHA insurance is paid by both monthly payments and upfront costs included in closing. Loan amounts can increase if there is not enough cash on hand to pay upfront and the fee is rolled over to the mortgage.
  •  USDA Loans -  Similar to the FHA but typically cheaper. You will pay for insurance both upfront and monthly. You may choose to roll the upfront portion to the mortgage but again, this will increase overall loan cost.
  • VA Backed Loans - replaces mortgage insurance and functions similarly to it. There is no monthly premium with this loan but there is an upfront “funding fee”, which varies depending on the type of military service, the down payment amount, disability status, type of loan (buying or refinancing), and whether or not it is a first VA loan. You have the choice to roll the upfront fee with this as well.
Can you get rid of mortgage insurance? In order to remove private mortgage insurance (PMI), you must have at least 20% equity in your home. You may ask the lender to cancel PMI when you have paid down the mortgage balance to 80% of the home’s original appraised value. When the balance drops below 78%, the mortgage servicer is required to eliminate the PMI.
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Buying a Home: Great No to Low Down Payment Options

  https://youtu.be/uJk0g3Au6d8  

Owning a home is a major element of the American Dream, and many people find that purchasing a home is the wisest financial decision they ever make. However, the belief they need a sizable down payment keeps many potential homeowners out of the market. They end up spending thousands of dollars each year on rent instead of building financial independence with home ownership.

You May Qualify for No to Very Low Down Payments

Recognizing the importance of home ownership, the federal and state governments have enacted several loan programs that require no or exceptionally low down payments. It is well worth your time to explore these programs, even if you have the cash to make a larger down payment. Using any of the programs will often allow you to purchase a home, and perhaps one larger than you might otherwise consider.

We carefully monitor the best programs to get you into the home of your dreams with the least upfront expenses and lowest down payment. I discuss several of our favorites below, and we can help you determine which ones meet your needs and qualifications.

Conventional 1% Down Program

Our current favorite actually allows us to assist you in buying your home. The program we use actually requires 3% down, but we gift you 2%. That means with just 1% down you can get into a home that starts you off with 3% equity. Additionally, your monthly payments average as much as $200 a month lower than other options, such as the FHA Grant and Utah Housing Programs that we discuss below. With these advantages you can see why we are currently completing a number of these loans each month.

FHA Loan with Down Payment Assistance.

The state of Utah and its counties put great emphasis on the concept of home ownership. As a result, there are multiple grants available to help you purchase a home. There are often income restrictions and other qualifying factors, but the help is significant for those who qualify. For example, our favorite, the CDC Grant (https://cdcutah.org/im-a-home-buyer/down-payment-assistance) provides many residents of Salt Lake County an outright grant of as much as $5,000. We can help you explore this option and other grant programs if you live outside Salt Lake County.

FHA Loan with Utah Housing Second

Another popular and useful program has been established by Utah Housing to work with FHA loans (https://utahhousingcorp.org/). The state agency enhances a regular FHA Loan with 3.5 percent down loan with a 6% second note. This amount covers the required FHA down and part of the closing costs on the loan. We find this is an excellent option for homes with a purchase price below $200,000 and borrowers with some credit rating challenges. While the rate on the mortgage may be a bit higher, this program usually generates multiple offers and is a great solution for certain situations.

USDA Loan

If you live in or are looking to live in qualifying rural areas, the USDA loan is a 100% financing option that many buyers fail to consider. Fortunately, we are able to help many clients who live in such qualifying areas as Tooele County, Saratoga Springs, Eagle Mountain, and the Southern part of Utah County. On top of 100% financing, USDA Mortgage Insurance is significantly lower than the required FHA Mortgage Insurance. Our team will help you evaluate this as a preferred source of home financing.

VA Loans

Of course, active duty and veteran military personnel are rewarded for their service to our country with a great 100% financing, program. Additionally, VA loans are generally more flexible on minimal credit scores and you avoid the cost of mortgage insurance. If you have served in the U.S. Armed Forces, let us explain this important benefit in more detail. You may find this an ideal route to home ownership.

FHA Loans

As we mentioned above, a traditional FHA loan requires only 3.5% down. While there are certain restrictions and qualifications, this is a great way to get that starter home and begin the process of building equity in your own home, with the option to later use that equity for refinancing or purchasing a larger house.

Conventional Loan Programs

Contrary to what many people believe, 20% is not a requirement for many great conventional loan options. We constantly monitor the markets for the best options, and we can show you a variety of ways to purchase your house with as little as 3 to 5% down.

Are you sitting on the sidelines because you think you can’t come up with a large enough down payment? Call today and we will show you how you can get into the home ownership game with a zero or very low down payment!

~Anthony
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The Magic of the 1% Down Program

How our Unique Program Is Changing Lives

One of the major financial decisions most individuals ever make is buying a house. Owning a home provides you with a sense of security and stability that simply can’t be achieved by renting from someone else. Additionally, the many long-term advantages of home ownership provide a life-changing opportunity to grow your personal net wealth.One of the great joys we have in our firm is helping many of our clients purchase a home and join the family of contented home owners. Our secret?

It’s not really so much a secret as the way we have designed what we call our One-Two-Three program. As one of Utah’s leading mortgage brokers, we have created an innovative approach that allows buyers to move in to their new home with a net 1% down payment. That’s right, just 1%. We pair our clients with a 3% percent down mortgage and then we gift them 2% of the home value. Again, that’s right – we gift the 2% and you move into your house with an instant 3% equity.

Here are comments from just a few of those new homeowners:

         “Putting 1% down in a hot market like this was a great investment. We were able to use the money we had saved as a down payment to improve the value of the home and truly make it ours: new floors, paint, kitchen cabinets, window treatments, and even furniture. The improvements gave us instant equity and made it feel like home from the day we moved in.” ~Kenneth

Ken really used this program to his advantage. He had the money for the down payment but chose to use the 1% down payment program anyway. This allowed him to use the money he saved for a down payment on renovating and updating his home.

         “I originally got pre-approved with another lender for an FHA loan but the condo I fell in love with wasn’t FHA Approved. If it wasn’t for my mother recommending a 2nd opinion with ALV Mortgage and the 1% down conventional loan I wouldn’t be in my condo today.” ~Tonia

Tonia was pre-approved with another lender for an FHA Loan and was shopping for condo’s. Unfortunately not all condo’s are FHA approved. Not only was our 1% loan program able to get her into her condo, but it did so at a cheaper monthly payment then the other lender’s FHA loan program.

         “My rent kept increasing year after year so I decided to buy a condo, but I didn’t have a down payment. I decided to quit my Gym membership, quit going to Starbucks, and save every penny I could. It took me 3 months, but I was able to save for a 1% down payment. My rent will never go up again.” ~Angela

I am so proud of Angela. It wasn’t easy but she set a goal and made it happen.

         “When a house came up for sale across the street from my aging parents I just had to buy it, but I didn’t have a down payment. Scrimping up 1% to purchase this house wasn’t easy, but we did it. We wouldn’t have been able to buy this house any other way. Now we love our house and being so close to family.” ~Sofia

This loan wasn’t easy but I am so glad we were able to get it closed. Buying this house made Sofia so happy she could hardly contain herself. She couldn’t wait to get the keys.

Call me today and I can explain how I can get you into a home with just 1% down. We work hard to make the mortgage loan process the easiest part of your biggest financial decision.

~ALV Mortgage

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Cash Out Refinance

Let's discuss when it's right to turn your home equity into Cash.

Is it Right for You?

Owning your own home is not just a fundamental aspect of the American Dream. For many American households, the equity in their homes represents as much as 67 percent of their total net worth. For generations the power of home ownership has created a solid financial base for millions of families, and a little knowledge offers the potential for even more financial independence.

Building Long-term Value

Most people understand that the total equity in their home represents the current market value minus the balance of the underlying mortgage. The initial equity balance usually starts with the down payment, and equity value generally grows over time due to a combination of factors. These include:

  • Improvements made in the home

  • Paydown of principal from monthly mortgage payments

  • Overall increase in market value

While this growth in equity provides an overall sense of comfort, it may also provide some significant financial opportunities. One of the fundamental principles of financial management is to keep your money at work earning the best possible returns. While the equity in your home is working for you, it can also be leveraged to provide even more financial benefits.

Putting Risk versus Reward to Work

Loans on primary residences are considered relatively safe bets by financial institutions. That is why mortgage rates are significantly lower than most other consumer loans. Likewise, it generally means you can access your equity with a cash-out refinance.

If you have equity in your home, you can usually take advantage of an equity line of credit or loan. However, the rates on such loans are higher than regular mortgages because they represent more risk to the lender. That risk comes from being second in line behind the primary mortgage holder.

On the other hand, the cash-out refi replaces the original mortgage and assumes the first position on your home. Depending on your specific situation, you may end up with lower or very similar payments due to changes in interest rates and other factors. Our experienced loan advisors can quickly help you evaluate your options in this area.

Taking the time to consider a cash-out refinance may open a variety of financial doors for you and your family. We have assisted clients put their equity to work in many ways, including:

  • Eliminating debt with much higher rates

  • Simplifying their financial picture by consolidating multiple payments into one

  • Starting a business without seeking outside lenders and investors

  • Diversifying their investments into such things as stocks, rental properties, etc.

  • Helping with unexpected or other major needs such as medical and education

In light of the new tax changes, your advisor may show you just how much additional financial leverage a cash-out refi may provide you. For example, consider the savings of replacing just $16,000, which is the 2017 average for U.S. Households with credit card debt, carried at 18% for ten years. (https://www.nerdwallet.com/blog/average-credit-card-debt-household/))

A refinance mortgage that gives you that $16,000 to pay off the credit cards with a 4.5% mortgage would save nearly $15,000 over those ten years. That is called a savvy financial strategy, even before adding in the potential returns from investing that “extra” $15,000.

As the song says, “You work hard for your money.” Let us help you put that money to work for you by exploring the advantages of a cash out refinance on your home.

~ALV Mortgage

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The Road Map for Home Ownership

Let's discuss when it's right to turn your home equity into Cash.

Is it Right for You?

Owning your own home is not just a fundamental aspect of the American Dream. For many American households, the equity in their homes represents as much as 67 percent of their total net worth. For generations the power of home ownership has created a solid financial base for millions of families, and a little knowledge offers the potential for even more financial independence.

Building Long-term Value

Most people understand that the total equity in their home represents the current market value minus the balance of the underlying mortgage. The initial equity balance usually starts with the down payment, and equity value generally grows over time due to a combination of factors. These include:

  • Improvements made in the home

  • Paydown of principal from monthly mortgage payments

  • Overall increase in market value

While this growth in equity provides an overall sense of comfort, it may also provide some significant financial opportunities. One of the fundamental principles of financial management is to keep your money at work earning the best possible returns. While the equity in your home is working for you, it can also be leveraged to provide even more financial benefits.

Putting Risk versus Reward to Work

Loans on primary residences are considered relatively safe bets by financial institutions. That is why mortgage rates are significantly lower than most other consumer loans. Likewise, it generally means you can access your equity with a cash-out refinance.

If you have equity in your home, you can usually take advantage of an equity line of credit or loan. However, the rates on such loans are higher than regular mortgages because they represent more risk to the lender. That risk comes from being second in line behind the primary mortgage holder.

On the other hand, the cash-out refi replaces the original mortgage and assumes the first position on your home. Depending on your specific situation, you may end up with lower or very similar payments due to changes in interest rates and other factors. Our experienced loan advisors can quickly help you evaluate your options in this area.

Taking the time to consider a cash-out refinance may open a variety of financial doors for you and your family. We have assisted clients put their equity to work in many ways, including:

  • Eliminating debt with much higher rates

  • Simplifying their financial picture by consolidating multiple payments into one

  • Starting a business without seeking outside lenders and investors

  • Diversifying their investments into such things as stocks, rental properties, etc.

  • Helping with unexpected or other major needs such as medical and education

In light of the new tax changes, your advisor may show you just how much additional financial leverage a cash-out refi may provide you. For example, consider the savings of replacing just $16,000, which is the 2017 average for U.S. Households with credit card debt, carried at 18% for ten years. (https://www.nerdwallet.com/blog/average-credit-card-debt-household/))

A refinance mortgage that gives you that $16,000 to pay off the credit cards with a 4.5% mortgage would save nearly $15,000 over those ten years. That is called a savvy financial strategy, even before adding in the potential returns from investing that “extra” $15,000.

As the song says, “You work hard for your money.” Let us help you put that money to work for you by exploring the advantages of a cash out refinance on your home.

~ALV Mortgage

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Purchase your home with just 1% down

One Month's Rent Could get you into your dream home

 

 

 

 

ALV Mortgage IS EXCITED TO OFFER THE CONVENTIONAL 1% DOWN WITH EQUITY BOOST LOAN PROGRAM

  • You put down 1%, your lender contributes 2%*, giving you 3% equity at closing
  • Great low rates
  • Close in 30 days or less
  • Conventional 30-year fixed program
  • Available with no monthly Mortgage Insurance

 

There’s no reason to wait. Call today and get the home you’ve always wanted.

ALV Mortgage Announces Exciting 1% Down Payment Equity Boost Program for Utah

If you've been putting off the search for your dream home trying to build up the required down payment, you will definitely be interested in a new program offered by ALV Mortgage.

Just 1% Cash Down Payment

Our new innovative Equity Boost Program requires a buyer put down 1 percent of a home’s purchase price as a down payment.  We as the lender contribute an additional 2 percent down payment, and the 3 percent total equity at closing allows qualified buyers to obtain a conventional mortgage at a great rate.

We can actually close this loan in 30 days or less, and it is available without monthly Mortgage Insurance.

Innovative and Exciting

Although we have already helped thousands of Utah homebuyers find the financing that they required for their dream homes, this new program makes buying an easy decision for many others. When qualified Utah buyers find they can get into a new home with a down payment often less than one month’s rent. We are proud to introduce our Equity Boost Program as one of the most creative mortgages in the industry.

Secure Your Future

Home ownership has long been viewed as one of the primary ways to achieve a secure future by building an equity stake in real property. The ability to gain a 3% equity share with only one third of that amount invested in cash is almost unheard of.

For details of this new program, or to discuss other available options, Call Anthony VanDyke. As one of the top 2% of mortgage loan originators in the country, Anthony will find the right mortgage product to suit your needs. Whether you're buying a first home or a retirement villa. Why not contact us now and let us go to work for you? We'll help you save money and set you on the path to home ownership and equity building.

 

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FHA Streamline Refinance

FHA Streamline Loan Rates as Low as [shortcode_magic id="2561"]

We have helped over 1,800 people with their FHA loan

  • Lowest FHA mortgage rates - Guaranteed
  • No closing costs - skip 2 mortgage payments
  • Bad credit OK - we go down to 500 score
  • 12 month seasoning on BK's, foreclosures, short sales

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“Everything went smooth. We are definitely happy with our rate of 2.875%. We will be recommending you to anyone looking to buy a home”

John Mitchell, Salt Lake City Utah


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“Anthony VanDyke made the process smooth, easy and fast. We actually closed on the house two weeks early”

Pierre Askmo, Park City Utah

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FHA Loan Rates Updated Daily

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Mortgage Bond Market Expert

We know how to read the bond market to lock your loan in on the best day for the lowest rate.

FHA Expert

We know FHA Guidelines better than anyone, and can package tricky loans for quick approval.

Top 5% Mortgage Originator

Consistently ranked in the top 5% of Mortgage Originators by Mortgage Originator Magazine.

No "Bait & Switch"

Once we find the best rate, we lock it in. No “bait and switch” or similar tactics.

10 Years in Business

With 10 years experience we move quickly, and will get your loan processed asap.

No Cost FHA Loans

No Cost - No Fee FHA Loans. Purchase or Refinance with no out of pocket expenses.

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“I worked with Anthony VanDyke, in my book he’s the greatest. He was kind, professional, and prompt. I would highly recommend him to my friends & family.”

Sheilah Tandy, Antioch California

headshot“Thank you. Out of all the mortgage people that I spoke with you were the most personable. Thanks for helping with my refinance.”

Joee Lancaster, West Jordan Utah


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“Anthony is so Concerned, Helpful, and Smart as Hell!”

Wayne Courand, Tooele Utah

FHA Loan Rates Are At Their Lowest Point In Years - Call 801-206-4343 Before It is Too Late

Anthony VanDyke
Utah FHA Loan Expert
801-206-4343

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