What is Private Mortgage Insurance (PMI) and Why is it Required?
You’ve searched and finally found a home to buy. But now, your…
“We were totally impressed by our loan originator Eric. The ownership he demonstrated in our case was excellent. He was very pragmatic in setting expectations and getting the work done in a timely fashion. He kept us apprised of the loan status consistently and advised us promptly on next steps. We wish to work with thorough professionals like Eric, when it comes to financial institutions. Thank you Eric & AmeriSave, we are privileged to work with you!” – Raghavan M. of Annandale, NJ
1
Apply
Share your income and asset information with us.
2
Get Pre-Approved
We’ll use the info you submitted to render a decision on how much you qualify to borrow.
3
Find A Home
Include your pre-approval with any offer you make.
4
Closing Day
Complete the process with a loan that fits your needs.
25 days is the average number of days that 50% of our customers close their loan after locking their rate. There are numerous variables that impact the length of time. Some customers have closed in as few as 10 days while 10% have exceeded 60 days.
Don’t have 20% for a down payment? This doesn’t necessarily mean that a home is out of reach. We have a variety of government and conventional loan programs available with low down payment options.
If you’re a first time home buyer, don’t be intimidated about the process. We’ll walk you through every step of the way. Read more here about buying a home for the first time including Fannie Mae’s 3% down program.