Application Checklist
Our application checklist provides you with a comprehensive list of the documents and information you'll need to complete your mortgage application. It covers everything from proof of income to assets. By reviewing and preparing these items in advance, you can ensure a smoother, more efficient process and help move your application forward without unnecessary delays.
Credit
Understanding your credit is a key component in securing competitive mortgage rates and favorable terms. Your credit score, payment history, and outstanding debts offer a snapshot of your financial reliability to lenders. At Vision Home Mortgage, we help you break down these essential elements so you can identify areas for improvement and make informed decisions about your home loan options.
Closing Costs
Understanding your closing costs is essential to knowing what to expect on your final day. These fees—covering items like appraisals, title insurance, and underwriting—are an important part of the home buying process, and we’re here to help you to not only break them down but understand as well. Now budget with confidence.
Appraisals
Understanding your appraisal is a crucial step in the mortgage process. An appraisal evaluates your property’s market value to ensure you're paying a fair price and that the loan amount aligns with its worth. At Vision Home Mortgage, we guide you through the appraisal process so you can move forward with confidence and clarity.
Private Mortgage Insurance (PMI)
PMI is often required for conventional loans when your down payment is below 20%. It protects the lender, not the borrower, but understanding PMI requirements and removal options can help you plan for reduced monthly costs over time.
Refinance
Refinancing lets you modify your existing mortgage to achieve a lower interest rate, adjust the loan term, or access your home’s equity. With refinancing, you may be able to reduce monthly payments, shorten your loan, or even pull out cash for expenses or investments.
Glossary of Terms
The mortgage process involves many industry-specific terms that can be confusing. Our glossary explains key mortgage terms, from amortization to underwriting, so you can navigate the process with ease and confidence.
Foreclosure
VA Home Loans
VA home loans provide eligible veterans, active-duty service members, and surviving spouses with a flexible, no-down-payment mortgage option that offers competitive interest rates and no private mortgage insurance, making homeownership more accessible and affordable.
FHA Home Loan
FHA home loans are government-backed mortgages designed to make homeownership more accessible, even for buyers with lower credit scores or limited down payment funds. At Vision Home Mortgage, we guide you through the FHA loan process, ensuring you understand its flexible terms and take advantage of affordable financing options on your path to owning a home.
Conventional Home Loans
Conventional loans are traditional home financing options that aren’t insured by a government agency. They typically require a strong credit history and a higher down payment, but they often come with competitive rates and flexible terms. At Vision Home Mortgage, we help you navigate the requirements of conventional loans, ensuring you secure the best solution for your home purchase.
First Time Home Buyer
Navigating the home buying process for the first time can be both exciting and overwhelming. At Vision Home Mortgage, we simplify each step by offering expert guidance on financing options, eligibility requirements, and what to expect—ensuring you feel confident as you embark on your journey to homeownership.