Pre-Qualify before you buy!
Getting pre-qualified is the initial step in the mortgage process, and it’s fairly simple. This allows you to start shopping for homes and negotiate offers with the sellers. There is no cost or commitment to being pre-qualified with the Vermont Mortgage Company and it’s easy! With your permission we will run a credit report as well as analyze your income. At this point we will review your short and long term goals and educate you on the best mortgage program for your needs. Together we will review estimated monthly payments and review what is involved in getting a mortgage, including estimated closing costs. Contact us now to get pre-qualified!
Get more bargaining leverage!
When bidding on a home, a pre-approval gives you a distinct advantage. The seller will give your offer greater consideration because you already have your financing approved and you’ll be able to close sooner. A pre-approval also gives you the peace of mind of knowing what you can truly afford, so you won’t waste time looking at homes outside your price range, and you’ll know exactly what your monthly payments will be.
To apply for our free pre-approval program, please complete an Online Application today.
Next, you’ll need to fax, email, mail or drop off the documentation needed to process the loan. Your loan will be approved subject to the appraisal, title inspection, and an executed purchase and sale contract. Then you’ll receive a Trusted Pre-Approval certificate along with a good faith estimate detailing settlement charges and monthly payments. These documents will be mailed or emailed to you, and then you can begin shopping for your new home.
Help with Choosing a Realtor
At Vermont Mortgage Company, we can match you with a Realtor in your area, at no cost to you. Our network of experienced, reliable agents will put your needs first while working seamlessly with us (without compromising your confidentiality) to ensure hassle-free home buying.
For the referral of an experienced realtor, please contact us today.
Loans with Little or No Money Down
We offer an exclusive mortgage program that allows you to buy a home with only a 3% down payment. In many cases, that down payment can be gifted from a family member. Add in up to 6% seller concessions and you could come to the closing table with no money out of pocket. Contact us to ask us how.
Already Found a Property?
First, forward a copy of your purchase contract to us. Lock in your interest rate on the mortgage product of your choice. If you are not already pre-approved by Vermont Mortgage Company, please fill out our Online Application first.
Second, we will send the loan documents to you for your review and signatures, or we can schedule an appointment for you to come to our office. We will order an appraisal of your new property and arrange for you to close your loan in an attorney or title company’s office — convenient to you and the seller.