If you’re searching the real estate market to purchase your first home, are a real estate investor, or a landlord who wants to increase your property holdings, you’ll likely need a mortgage to purchase the property. If you want to refinance to get better terms, you’ll need a mortgage. Here are some of the top mortgage companies and what they offer.
1. Lending Tree
Lending Tree is a marketplace where buyers, investors, and landlords can search for a mortgage or refinance loans that offer the best rates. Consumers can compare rates from several lenders. The company offers ARM loans for as low as 2.75 percent. Additional mortgage products include:
- VA Loans
- FHA Loans
- Home Equity Loans
- Reverse Mortgages
2. Network Capital Funding Corporation
Network Capital Funding Corporation offers financing options through government based lending programs that are more flexible than traditional mortgages and have more relaxed lending requirements than some financial institutions. They offer FHA and VA Loans, and HARP 2.0 for qualified buyers.
3. Clear Path Lending
offers 15 and 30 year fixed mortgages and adjustable rate mortgages. Additional options are:
- Hybrid ARM
- 2/1 Buy Down Mortgages
- Monthly ARM
- Annual ARM
According to Clear Path, their adjustable rate mortgages are sometimes easier to qualify for than fixed rate. However, if you qualify for a fixed-rate mortgage, the interest rates are usually not much higher than fixed rate when the rates are low.
4. Amerisave Mortgage Corporation
Amerisave is an approved Fannie Mae Lender in Atlanta; that offers a convenient online process for applying for a mortgage. Buyers can search their products and rates online to get the best loan, whether it’s for a first home or a refinance. They offer VA. FHA. and USDA loans for qualified applicants. When your loan is approved, arrangements can be made to close in your home or at the office of an attorney in your community.
5. Vanderbilt Mortgage and Finance, Inc.
Vanderbilt Mortgage and Finance, Inc is a subsidiary of Berkshire Hathaway Company that offers an array of home loans that include:
- Traditional mortgage loans
- Loans for modular homes
- Financing for improvements on eScore energy efficient homes
Vanderbilt offers traditional loans, Land Home Mortgage Loans for buyers who own land or want to buy land and a home, FHA, and Bi-Weekly Mortgage Advantage, which allows you to pay down your mortgage in less time than a conventional mortgage.
6. Ocwen Financial Corp.
Ocwen helps buyers to refinance their home or buy a new home through their affiliate lender Homeward Residential, Inc. Their programs are designed to help buyers save money on their mortgage while building equity. The company offers several options for buyers from making payments over a longer period, adjusting the balance or lowering the amount that’s paid for interest, to lowering the principle.