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You Need The Right Loan, Right Now. 

GARDNER MORTGAGE CAN HELP!

Whether you are buying your first home, a vacation home, a bigger house for a growing family, or downsizing to your dream condo on the beach, Gardner Mortgage Group is here to help. Secure the best loan, with the best terms, at the best rates when you follow our proven process. Watch our video below to learn more!

The Loan Process

1) It starts with a call

2) That leads to a conversation

3) That identifies your goals

4) Which starts an application

5) That leads to a pre-approval

6) Which means you can bid on a house

7) Finance your dream

8) And close on your new home

Start The Process, Click To Call

Refinancing

Refinancing your home is the process of getting a new home loan to repay your old home loan. You will generally take advantage of refinancing if someone offers you better loan terms.


Refinancing your home can help you in several ways. You can:


  • Shorten the term of your loan
  • Lower your interest rates
  • Eliminate premium mortgage insurance
  • Cash out on your equity
  • Lower Your monthly payment


Whatever the reason, Gardner Mortgage Group can help you refinance your home and secure your financial future. We will help you understand your finances, identify your goals, and get you the best loan terms at the best rate with the least amount of additional costs.


Contact us today to learn more about your refinancing options.

Conventional Loans

If you are a first-time home buyer or haven't purchased a home in some time, you are probably educating yourself about your loan options. One of the most common loans is a conventional loan. The simplest way to think about a conventional loan–it’s a private loan from a lender to purchase a house. These loans are not backed by a government agency and are provided by private companies (banks/lenders/investors).


However, conventional loans still need to conform to government lending rules set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).


Conventional loans typically offer low interest rates, higher loan limits, and flexibility for borrowers with a substantial down payment and good credit.


Talk to one of our mortgage specialists today and find out if a conventional mortgage is right for you.

FHA Loans

Unlike a conventional mortgage, FHA loans are backed by the federal government. These loans allow borrowers to qualify for a mortgage with lower credit scores and a down payment as low as 3.5%. FHA borrowers can get up to 6% seller assistance to help cover closing costs.


The downside to an FHA loan is premium mortgage insurance (PMI). You will have to pay a monthly fee for insurance against the loan for the entire life of the loan, increasing your monthly payments. Understanding the pros and cons of each loan type is critical to making the best financial decision for you and your family.

Talk to one of our mortgage specialists today and find out if an FHA Loan is right for you.

VA Loans

For eligible military veterans, these loans are up to 100% financing and are guaranteed by the United States Department of Veterans Affairs (VA). These unique loans feature a zero-down payment option for eligible veterans or their surviving spouses (provided they do not remarry).

Because of the VA guarantee, you must meet one of the following requirements.


  • Served 90 consecutive days of active service during wartime, OR
  • Served 181 days of active service during peacetime, OR
  • 6-years of service in the National Guard or Reserves, OR
  • You are the spouse of a service member who has died in the line of duty or due to a service-related disability.

Talk to one of our mortgage specialists today and find out if a VA Loan is right for you.

USDA Loans

USDA loans are available to individuals and properties that meet specific guidelines for eligibility. In general, the home to be purchased must be located in an eligible rural area as defined by USDA. Contact one of our loan officers to determine eligibility location or visit USDA eligibility. In general, applicants must:


  • Have a household income that does not exceed 115% of the median household income.
  • Agree to occupy the dwelling as their primary residence.
  • Be a US citizen, US non-citizen national, or Qualified Alien.
  • Be unable to obtain conventional financing with no private mortgage insurance (PMI).
  • Not be suspended or debarred from participation in federal programs.

Talk to one of our mortgage specialists today and find out if a USDA Loan is right for you.

DPA Loans

Down payment assistance (DPA) programs provide some or all of your down payment. These programs help low-income and first-time homebuyers qualify for a loan quicker.


Some DPA programs offer monies in a grant that you do not have to pay back. Others provide the funding in some form of a loan with low or no interest. DPAs may have terms to repay the loan when you sell the home. Or the provider might forgive the loan once you have lived in the home for a certain number of years.


DPAs terms and qualifications vary because each program is unique. DPAs are generally developed and funded by non-profits and county programs.

Contact Gardner Mortgage Group to learn more about DPA programs in your county.

Jumbo Loans

Jumbo loans are used to finance properties deemed too expensive by the Federal Housing Finance Agency (FHFA). These loans are considered risky and cannot be guaranteed by Fannie Mae and Freddie Mac, meaning the lender is not protected from losses if you default.


You can still qualify for a loan if you are buying an expensive property. Your underwriting criteria might be more extensive. You will also need good credit, a low debt-to-income ratio, cash reserves, documentation, and the property will require an appraisal.

Talk to one of our mortgage specialists today and find out if a Jumbo Loan is right for you.

ARM

Adjustable Rate Mortgages, which are an adjustable/variable rate instead of a fixed rate, can offer a variety of terms. While ARM loans are often seen negatively by many, they have some good attributes for the right borrowers, including a low initial rate.

Once the term's fixed-rate portion is over, ARM adjusts up or down based on current rates. These rates do have some stipulations.  They can only go up or down a given amount in any particular adjustment. Typically, the adjustment happens once per year. When the rate adjusts, the new rate is calculated by adding or removing margin from your rate. This is all dependent on the terms specified in your mortgage documentation.


Each time your interest rate changes, your payment is recalculated to pay off your loan by the end of your term. Depending on your adjustment, you will have a larger or a smaller monthly payment. Besides the margin in your loan documentation, there’s no limiting factor to how much your interest rate could adjust down in any particular year if interest rates have moved lower.

Talk to one of our mortgage specialists today and find out if an Adjustable Rate Mortgage is right for you.

Construction To Permanent Loans

When building and financing a custom home you will need a loan for 2 purposes: a construction loan to buy the land and build a home on it, and a separate mortgage loan to finance the finished home.


A construction-to-permanent loan accomplishes both goals.


Loan funds are used to pay for the lot and building costs and once construction is completed, the loan converts to a fixed-rate permanent mortgage loan with a term of 15 to 30 years — whichever you choose.


You can apply for construction or renovation financing through Gardner Mortgage group.

Talk to one of our mortgage specialists today and find out which construction loan is best for you.

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