HomeMortgage Lender In Wetumpka, Alabama

Wetumpka, Alabama

Our mortgage brokers are here to assist you
Mortgage Broker Lenders Wetumpka, Alabama

Things to Consider When Getting a Mortgage Approval in Wetumpka, Alabama

Obtaining a pre-approval letter and consulting with a Mortgage Lender in Wetumpka, Alabama provides several benefits to potential buyers. The lender gives them the opportunity to talk about loan options and budgeting. Secondly, the best and most trusted mortgage lender will review the buyer’s credit report and search for any problems. In addition to learning the maximum amount the buyer can borrow, it is better to know the range of prices. Budgeting costs is easy with a mortgage calculator.

Requirements for Pre-approval in Wetumpka, Alabama

You’ll need five things to get pre-approved for a mortgage: proof of assets and income, good credit, employment verification, and other documentation your lender may require. The following information will help you prepare for the pre-approval process and ensure you are ready to submit everything you need:

1. Income verification

As a general rule, buyers must provide the two most recent years’ tax returns, W-2 wage statements from the past two years, a recent pay stub showing income for the year, and any additional income, such as alimony.

2. Evidence of assets

To demonstrate cash reserves and funds for the down payment and closing costs, the borrower needs to provide bank and investment account statements.

Down payments vary by loan type and are expressed as a percentage of the sale price. Private mortgage insurance (PMI), mortgage insurance premiums, and funding fees are commonly required for most loans unless the buyers put 20% down.

According to the type of loan, pre-approval is also based on the buyer’s FICO credit score, debt-to-income ratio (DTI), and other factors, such as down payment. Rest you can anytime take the required knowledge from our Mortgage Brokers in Wetumpka.

Except for jumbo loans, all government-sponsored enterprises (Fannie Mae and Freddie Mac) follow the same guidelines. Loans designed for first-time buyers and low- to moderate-income homebuyers include Home Ready (Fannie Mae) and Home Possible (Freddie Mac).

U.S. Veterans, service members, and not-remarried spouses are eligible for VA loans, which require no money down. It may be necessary for a buyer who receives money from a friend or relative to provide a gift letter to prove that the funds are not a loan.

3. Good Credit score

FHA guidelines allow approved borrowers with a score of 580 or higher to pay as little as 3.5% down on a conventional loan. Some top lenders even require a FICO score of 620 for a Federal Housing Administration loan. The down payment for those with lower credit scores is higher. Borrowers with low or moderate credit ratings will often be offered advice on how to improve their scores by Mortgage Brokers in Alabama.

4. Verification of employee status

Borrowers with steady employment are more likely to be approved for loans by lenders. Additionally, lenders will likely call an employer to verify a buyer’s employment and salary in addition to looking at pay stubs. The lender may wish to contact the buyer’s former employer if he or she recently changed jobs.

It will be necessary to provide significant documentation concerning the business and income of self-employed buyers.

A number of factors are considered by Mortgage Lenders in Alabama, when approving a mortgage for a self-employed borrower, including the borrower’s income stability, the borrower’s business location and nature, the market for the product or service offered by the business, its financial strength, and whether the business will continue to generate and distribute sufficient income to enable the borrower to make mortgage payments.

Self-employed borrowers must submit their two most recent tax returns, complete with all schedules.

5. Additional Documentation

Borrowers must provide their driver’s license and Social Security number to lenders so that lenders can pull their credit history. You will have to provide additional paperwork (as soon as possible) to the lender during the pre-approval session.

In a Nutshell

Before buying a home, it’s a good idea to consult trusted and expert mortgage lenders in Wetumpka. Always do your research before going house hunting and before the pre-approval appointment.

    Get Pre-Approved Now!


    Get Pre-Approved Now!


    Get Pre-Approved Now!


    Get Pre-Approved Now!

    Reviews

    I am glad I chose your mortgage company! The staff was able to help me through the process. They were very knowledgeable and experienced, and they were more than happy to answer any questions I had. I hope to work with them again in the future.
    Harold Jones
    Harold Jones
    07:02 06 Jul 22
    Happy with the mortgage services I received. The staff was always willing to help and answer any questions I had. They made the whole process easy and stress-free. Thank you for all your help!
    Cayla Hartley
    Cayla Hartley
    09:01 28 Jun 22
    The mortgage rates are certainly the lowest, and they make the entire documentation procedure extremely simple. They are the best mortgage company ever.
    Marcus I. Richert
    Marcus I. Richert
    12:33 21 Jun 22
    This company can be trusted with any type of mortgage situation, and you can rest confident that they will do everything in their ability to make the checks and verifications go as smoothly as possible. They are completely honest and transparent with all of their consumers, and they have nothing to hide from them.
    James Hay
    James Hay
    14:06 14 Jun 22
    Jeffery C. Hammond
    Jeffery C. Hammond
    12:08 14 Jun 22
    I admire how these folks assist with loans. They gave me a loan, and someone called me every day to let me know how things were going. I'll tell everyone about them.
    Niesha Daphine
    Niesha Daphine
    02:47 09 Jun 22
    The team was so helpful in finding me the best home loan for my needs. I'm truly grateful for their help and expertise!
    Donna Davies
    Donna Davies
    11:17 03 Jun 22
    The best loan services were provided to me. They made the procedure appear simple and clear to me. Their services are outstanding.
    Cristal Watkins
    Cristal Watkins
    09:22 26 May 22
    Your assistance in getting my mortgage authorized was extremely beneficial and valued. Without your assistance, I would not have been able to obtain ownership of the house in which I now reside. I will be eternally grateful to them for their assistance.
    Rosalinda Dessert
    Rosalinda Dessert
    10:02 25 May 22
    They were very helpful, clear, and concise about what I needed to do. Everything was explained well and I was comfortable with the entire mortgage process.
    John Plouffe
    John Plouffe
    00:32 13 May 22
    I highly recommend this company to anyone in need of a mortgage.
    Allan Archer
    Allan Archer
    05:52 09 May 22
    I was very pleased with the mortgage service I received. The loan officer was knowledgeable and efficient, and the entire process was streamlined and straightforward.
    Patrick Tachel
    Patrick Tachel
    14:45 04 May 22
    Carolyn Hodges
    Carolyn Hodges
    09:27 29 Apr 22
    This is by far one of the best mortgage companies I have ever worked with. They helped me find a home loan at the most affordable loan rate.
    Melba Robinson
    Melba Robinson
    05:52 28 Apr 22
    It’s been a pleasure to have your mortgage expert by our side and handle our complicated mortgage case. I’d highly recommend your services.
    Donna Evans
    Donna Evans
    07:42 19 Apr 22
    I came across a website that provided same-day home loans. I completed and submitted the application. I had the loan amount in my bank account in two days. For their service, I'd like to give them a 5-star rating. Thank you for your assistance!
    Jamie Dixon
    Jamie Dixon
    13:05 11 Apr 22
    They were incredibly easy to work with and swiftly answered all of my queries. I would strongly advise anyone in need of a quick home loan to contact them.
    Regina Stewart
    Regina Stewart
    13:30 07 Apr 22
    I'd like to tell you about my wonderful experience with this home loan company. Their service was quick and dependable, and they came through when I needed it the most.
    Victor Tucker
    Victor Tucker
    12:19 04 Apr 22
    Thank you so much for guiding me throughout the loan application process. I’d highly recommend your services to everyone.
    Leonard Cooper
    Leonard Cooper
    12:14 29 Mar 22
    Their knowledge in the mortgage industry helped me find a loan at a competitive interest rate. I’m very much happy with the service.
    James Gonzales
    James Gonzales
    11:00 26 Mar 22
    I loved the professionalism of this mortgage company. They understood my needs and situation and recommended a loan that is perfect for me. I’m highly thankful to the entire team.
    Sherrie Bailey
    Sherrie Bailey
    07:57 24 Mar 22
    They were able to provide me with a home loan, which I am currently repaying and with which I have no issues. You will never regret taking out a loan from them because it is that simple!
    Jacob Payne
    Jacob Payne
    09:45 22 Mar 22
    I found an expert who helped me in obtaining the finest home loan possible. I can now save money on my monthly payments thanks to this firm!
    Deanna Ferguson
    Deanna Ferguson
    06:50 17 Mar 22
    The expertise of this company surprised me. Service was quick, and the staff was quite kind. I'd want to express my gratitude to everyone who helped me with my home loan application.
    Elvira Powell
    Elvira Powell
    07:39 04 Mar 22
    I had no idea the loan application procedure would be so simple. Maybe it was simple because you were the one I chose to apply for a home loan. You are deserving of my utmost praise!
    Frances Neal
    Frances Neal
    07:23 25 Feb 22
    Thank you to the staff for everything you did for us, you went above and beyond. This is one of the best mortgage companies to get a home loan from, and you won’t be disappointed.
    Billie Diaz
    Billie Diaz
    07:59 17 Feb 22
    Our experience with them was great, and they helped us throughout the entire home loan process. Everything went smoothly! One of the best mortgage companies.
    Ellen Bennett
    Ellen Bennett
    10:41 12 Feb 22
    You've been quite helpful to me. I'm not dealing with you for a home loan for the first time, and I always come back to you because of your amazing service.
    Angela Banks
    Angela Banks
    03:10 08 Feb 22
    I would like to recommend to you this great mortgage company, which helped me to get a loan at a lower interest rate. I was surprised by how quickly and easily they managed everything.
    Lula Hill
    Lula Hill
    04:12 04 Feb 22
    I finally felt free from the stress of my financial situation. I was so worried about paying bills and keeping up with house payments. But, thanks to them, I feel confident again. They have helped me refinance my loan at a lower interest rate. Thanks a lot!
    Dana Howard
    Dana Howard
    06:50 19 Jan 22
    The home loan process was easy, fast, and efficient. I highly recommend them if you're looking to finance a home or refinance your existing home loan.
    Marsha Richards
    Marsha Richards
    11:42 18 Jan 22
    They helped and guided me through the entire process of obtaining a home loan.
    Adrian Franks
    Adrian Franks
    08:24 10 Jan 22
    I just bought a house. I'm thankful to the team at this company who gave me excellent loan services!
    Vivian Ruiz
    Vivian Ruiz
    13:45 06 Jan 22
    I just wanted to send a quick thank you for all of your help with my mortgage. I was able to get a home loan through them recently!
    Lora Patterson
    Lora Patterson
    08:14 05 Jan 22
    They make the process of applying for a home loan easy, and their customer service is amazing. It was my first time buying a house on my own and I had no idea what to expect or how things worked, but they made it as simple as possible.
    Violet Banks
    Violet Banks
    10:14 08 Dec 21
    I was a little worried about the process, but they made it easy. I needed a home loan because of some financial setbacks and they gave me what turned out to be an excellent deal. They didn't pressure me into anything and were very flexible with my situation. Thanks a lot, guys!
    Doris Henry
    Doris Henry
    11:02 06 Dec 21
    The team was really nice and explained me the customer service is really good and I am so happy that I got my home loan from them.
    Pearl Mason
    Pearl Mason
    14:26 03 Dec 21
    I am so grateful to this mortgage broker for providing me with a home loan at an affordable prices. This is my second time working with them and I intend on going back for future needs.
    Paul Martinez
    Paul Martinez
    13:21 02 Dec 21
    They made the process of applying for a home loan very simple and easy for us because they explained the entire process of home loans to us in depth, allowing us to make an informed decision.
    Jeffrey Reed
    Jeffrey Reed
    10:16 25 Nov 21
    I am so happy with the service they provided me. I would recommend them to anyone who is looking for a home loan without any hassle and at affordable rates.
    Vicki Davidson
    Vicki Davidson
    23:19 24 Nov 21
    The team at this mortgage company helped us secure the loan that we needed to purchase our first home. They were always available for questions, even after hours and on weekends. I would highly recommend this mortgage company!
    Wilma Lynch
    Wilma Lynch
    13:39 23 Nov 21
    I am very happy with this loan provider who has never failed to deliver on their promise of quick application and instant approval loans. They always let me know about the status of my home loan so I feel very comfortable with them.
    marget asford
    marget asford
    10:56 22 Nov 21
    The whole team was so fantastic in helping me get my first home. I knew nothing about home loans or mortgages. They went through everything with me in simple words and made everything so easier. They’re definitely the best team of mortgage lenders.
    Belinda Bailey
    Belinda Bailey
    11:57 18 Nov 21
    Very quick, an extremely simple process and friendly staff. They don't mind if you have to contact them to go through the process with you. Having never done anything like this before, I was pleased with how effortless it was, and the terms and conditions are very good. This is certainly one the best mortgage companies.
    Melanie R. Willis
    Melanie R. Willis
    12:03 03 Nov 21
    I would recommend this mortgage company to anyone looking for a quick loan service. They are cheaper than most, and they were very responsive.
    Sally Roberts
    Sally Roberts
    06:12 29 Oct 21
    This loan company’s employee deserves a big thank you. Their assistance is greatly appreciated. Getting a home loan from them is the best way to learn about the process and formalities. I would like to thank everyone.
    Matthew Lewis
    Matthew Lewis
    06:33 28 Sep 21
    Throughout the process, everything went smoothly. JUMBO loans are provided by an excellent team. Their offer has made me so happy and satisfied.
    Cheryl Woodman
    Cheryl Woodman
    10:24 24 Sep 21
    I was impressed with the services. It was a pleasure to deal with them. My new house was funded with the VA loan they recommended and helped me get. I appreciate your help very much!
    Reba Mitchell
    Reba Mitchell
    11:54 30 Aug 21
    It was a pleasure to work with them. Our reverse mortgage loan officer kept us up-to-date throughout the entire process. Excellent work by these professionals!
    Charlene Foster
    Charlene Foster
    09:31 28 Aug 21
    I applied for a loan from this mortgage company. The staff helped me not only get the conventional loan and also guided me through the entire process. I am very grateful for their help.
    Mildred Scott
    Mildred Scott
    11:58 18 Aug 21
    The contact person assigned to me at each step answered my questions, and I received updates and answers on time. There was no need to visit the office. As a mortgage lender, they provide an amazing level of service.
    Marion Robinson
    Marion Robinson
    11:46 11 Aug 21
    You have made the dream of owning a home come true. The fact that you provided the mortgage to purchase our new home makes us so happy.
    Stanley Smith
    Stanley Smith
    07:51 29 Jul 21
    I was approved for an FHA loan by these best mortgage lenders. They assisted me with paperwork and application submission.
    Perez Charles
    Perez Charles
    08:50 21 Jul 21
    A mortgage company that's great in Wetumpka. They are quick, efficient, and responsive. Regardless of the situation, these people will give you the best advice according to your needs. My sincere thanks go to PierPoint Mortgage.
    Volinda Jolima
    Volinda Jolima
    21:02 17 Jun 21
    Highly thankful to entire team of PierPoint Mortgage for helping me in this entire process. I got the VA loan without any much efforts.
    Arnold Leftwich
    Arnold Leftwich
    12:16 28 May 21
    It was simple and easy to contact PierPoint Mortgage. They have been very polite and reliable over the call. I wanted to get a USDA loan and that too in very less time. Though they provided the best mortgage service and I am happy!
    Lorraine Burdick
    Lorraine Burdick
    21:11 17 Mar 21
    PierPoint Mortgage was awesome! The staff was very helpful and got me a conventional loan and I can't recommend him highly enough.
    Morgan Billy
    Morgan Billy
    22:07 08 Mar 21
    They are great people with the finest knowledge! I wanted to take an FHA home loan for home construction in the big city. I hired this company, the entire staff assisted so well and were professional throughout. I would highly recommend them!
    Ninny Kakorus
    Ninny Kakorus
    19:51 24 Feb 21
    I would love to mention how these guys helped me go through the entire process of a mortgage application. I had no idea how to deal with this entire mortgage process but these guys made it look so easy and simple.
    Oliver Watson
    Oliver Watson
    08:19 08 Dec 20
    My wife wanted a house of her own so she was forcing me to buy one for a very long time. I had no option but to take a loan. I searched for some companies and came across PierPoint Mortgage. I am glad that I chose this company. Taking a loan from them was very easy. Also, they told me about the tricks I could use to build a good credit score.
    Homer Collins
    Homer Collins
    11:33 03 Dec 20
    Went above and beyond to get my questions answered even on holidays I was about to give up on house hunting because of the other lending company I was dealing with. Shannon no beating around the bush he told me what I needed, and I got it plain and straightforward thanks to him I’m in my dream home
    Eve Chapman
    Eve Chapman
    11:56 29 Jan 20
    Shannon was available when I needed to speak to him. He was honest about the process and offered to work with me on any questions I had.
    Bruce Mill
    Bruce Mill
    07:17 28 Jan 20
    Shannon was very easy to work with. He was responsive, quick to answer phone calls and emails, and extremely professional. I was pleased with my experience. Highly Recommended!!!
    Amain May
    Amain May
    08:04 27 Jan 20
    The entire team at PierPoint Mortgage was friendly, efficient and provided a painless experience, thank you! Great rate and low cost too!
    Evie Carter
    Evie Carter
    12:55 23 Jan 20
    Shannon was accommodating with us on getting our home loan approved. He helped us every step of the way and made everything as painless as possible and was very easy to understand during the process. I would highly recommend it!
    Hanna Bowen
    Hanna Bowen
    06:27 23 Jan 20
    Don't walk, run to a PierPoint Mortgage because they will help anyone in any financial situation. They have my High Recommendations!!!
    Henri Merrill
    Henri Merrill
    05:27 14 Jan 20
    It was my second experience with Shannon and this time he assisted me in finding the best property for me and my family. He was friendly all that time and suggested to me wherever I found problems. I guess he has worked hard to get here.
    Mr Joe
    Mr Joe
    07:44 08 Jan 20
    Being a first-time home buyer, the process can be intimidating, discouraging and even frightening at times. But Shannon did an amazing job! I’m so thankful to him for not only being very knowledgeable about his job but also being personable, courteous and genuine! A great experience as a whole! Thanks so much!
    Soo Rasch
    Soo Rasch
    07:16 17 Dec 19
    I felt so lonely and bored in my early retirement and finally decided to travel the United States to see my kids and grandchildren. My bank account however disagreed! I got a quick and very agreeable reverse mortgage with Pierpoint Mortgage and I'm happy to say I am in my RV right now and on my way to see more of my grandchildren and living my life to its fullest!
    Hailey Reno
    Hailey Reno
    12:04 21 Nov 19
    Shannon is always very helpful and found us just the rate and terms we needed, we will definitely be giving him a call next time we need Mortgage advice
    Audry Fegan
    Audry Fegan
    12:20 18 Nov 19
    Always very welcoming and friendly. Everyone at PierPoint Mortgage gave us all the time we needed for not having any questions or doubts for our choice.Shannon was keeping in touch all that time inform us about the progress of our papers. Highly recommend this place.
    Diane Italia
    Diane Italia
    12:47 13 Nov 19
    Thanks to PierPoint & Team for all their efforts. Shannon was awesome at his job! Lots of industry knowledge and energy. If you are looking for a mortgage guy---look no further, he's your guy to get the job done. I have no hesitations on my referral of Shannon.
    eddie yaddow
    eddie yaddow
    13:08 12 Nov 19
    Shannon did an amazing job in assessing my previous mortgage terms and conditions. Gave honest and sincere advice in all aspects. I'll always head towards PierPoint now onward whenever need arises.
    Eden louise Arenas
    Eden louise Arenas
    11:17 12 Nov 19
    Working with Shannon and his team was effortless. I didn't need to repeat things to make them understand. They solved my problems in no time and specially Shannon was engaged with me throughout.
    Danyelle Beiler
    Danyelle Beiler
    13:54 05 Nov 19
    I really enjoyed working with Shannon these past few weeks! He was very professional but also very friendly. They really did a great job working quickly and someone always picks up the phone!
    Kody Grader
    Kody Grader
    21:45 27 Feb 19
    I loved working with Shannon and his team! They all let me know what was happening and when and I even closed on my house faster that I thought!
    Katelynn Harp
    Katelynn Harp
    15:41 27 Feb 19
    Thank you so much to the processor from PierPoint Mortgage. Our loan closed in just 16 days since the day we applied for the mortgage!
    Chance Wenchar
    Chance Wenchar
    20:40 06 Feb 19
    Our experience with PierPoint Mortgage was excellent! From start to finish, we were informed of the status and what to expect. We needed to close in less than 21 days and they made it happen in 14!
    Luvon Ferral
    Luvon Ferral
    19:00 31 Jan 19
    Everything was done over the phone and through email, PierPoint Mortgage made the process of getting a house seem effortless.
    Eddie Downy
    Eddie Downy
    19:44 23 Jan 19
    Great Mortgage Broker!
    Bruce Mayhem
    Bruce Mayhem
    21:40 17 Jan 19
    PierPoint Mortgage is a great broker! They were easy to contact and processed my home loan fast!
    Matt Avery
    Matt Avery
    18:42 17 Jan 19
    This company goes above and beyond for their clients. They were with me every step of the way when I was in the process of purchasing my first home. I am so greatful I chose them as my mortgage broker! Thank you so much Shannon and team! I LOVE my new house!
    Chris Simon
    Chris Simon
    19:29 16 Jan 19

    We Are Here To Help You

    Our Wetumpka, Alabama Office

    With 50 years of experience in the industry, PierPoint Mortgage is offering the finest mortgage services. We deal in various mortgage programs that will help you become a proud homeowner.

    Address
    4049 US-231, Wetumpka,
    AL 36093, United States
    334-310-3904

    ABOUT US

    PierPoint Mortgage, LLC, was founded in 2003 and had been offering brilliant services ever since. It is a nationwide mortgage broker that has over 50 years of mortgage experience.

    SIGN UP

      © Copyright 2022 PierPoint Mortgage. All Rights Reserved.