HomeMortgage Lenders in Wetumpka, AL

Wetumpka, Alabama

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Mortgage Broker Lenders Wetumpka, Alabama

PierPoint Mortgage: Overview and Services

Whether you have moved to Alabama from another state or you are planning to shift from peripheral to central Alabama, getting your dream home will definitely be on your tasks list. And with our assistance, you can cross that off your list!

PierPoint Mortgage is one of the top mortgage companies in Wetumpka, AL that have more than five decades of experience. We have assisted a lot of dreamers in purchasing their first homes.

But our services are not exclusive to first-time home buyers! Whether you are trying to get to buy your fifth house, an adept mortgage broker from our team will be by your side.

As full-service financial institution, we extend the following mortgage products:

1. Home Loans:

  • Conventional Loans
  • FHA Loans
  • VA Loans
  • Jumbo Loans
  • USDA Loans

2. Mortgage Refinance (Refinance existing mortgage)

3. Reverse Mortgage

How to Get a Mortgage?

Once you have completed all the formalities and shared all the required information/documents, the whole process will be a breeze. Therefore, before we hop onto the loan process, we must understand the requirements.

So, as a responsible mortgage broker, we have jotted down the important requirements.

Requirements for Pre-approval in Wetumpka, Alabama

A mortgage lender will need some documents from the applicants as those documents are integral to the loan process.

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.

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.

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 a 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.

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.

Verification of Employment 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.

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.

Complete Mortgage Process

The complete mortgage process can be simply divided into four steps but remember, you do not have to go through those steps alone! PierPoint will be with you at every step:

First Step: Submit Your Application

Fill out the loan application, for which you need to submit several documents. Since mortgage requirements and documentation requirements can vary from one lender to another, it is a good idea to have all the basic documents in order.

Submit the loan application and the required documents or copies thereof. If you prove you are eligible based on the information provided, you may qualify.

Second Step: Wait For the Loan Estimate

Once you have uploaded all your documents for review, you will have to wait to confirm your loan eligibility and the expected loan amount. Please be patient as the review may take at least 3 days.

Third Step: Provide More Information

Lenders may ask for additional information during the application process, so you should respond quickly. All the required application software can be done quickly. There will also be a home appraisal that will be necessary to match your financing needs and the sale price of the home.

The loan amount is determined on the basis of this analysis. Also, your debt levels and overall financial situation can affect your mortgage eligibility.

Fourth Step: Closing

After the final appraisal, if everything goes well, the lender will prepare for closing. It will share all the documents and procedures of the loan and you should read it carefully. If you’re OK with them, proceed with preparing the down payment and final payment. Once you pay this, your loan process will end.

Looking For Expert Mortgage Lenders in Wetumpka?

If you are trying to purchase a new home in the city, you can contact PierPoint Mortgage. You can even get a free consultation today. But for that, you will have to pick up the phone and make a call. So, don’t let another second pass by, call right now!

    Get Pre-Approved Now!


    Get Pre-Approved Now!


    Get Pre-Approved Now!


    Get Pre-Approved Now!

    Reviews

    Thank you very much for your help. I got the mortgage and will be buying a house soon via your help. I couldn't have asked for a better mortgage company! I will be spreading positive word about PierPoint Mortgage.
    Amelia
    Amelia
    06:09 28 Sep 22
    We are very happy with the service we received for our reverse mortgage. Everyone we worked with was wonderful. They helped us every step of the way and answered all our questions. It is rare to find a company that you can trust, and that you know will have your best interest at heart. We felt like everyone we worked with genuinely wanted us to have the best experience possible when purchasing our home.
    A Google User
    A Google User
    12:08 27 Sep 22
    Everything was handled in a timely manner regrding my reverse mortgage. All of my questions were answered. I would most definitely recommend PierPoint to anyone looking for a top class mortgage provider.
    Edward Davis
    Edward Davis
    04:35 23 Sep 22
    Delightful experience! I was very pleased with PierPoint Mortgage. They were very professional and took care of my mortgage process from start to finish. I was able to get my dream home thanks to their advice and processing. I would highly recommend them to anyone looking for a mortgage.
    Simona Henriksson
    Simona Henriksson
    05:11 21 Sep 22
    I've used their service twice and am happy with it both times. They are extremely competent and always willing to help. Additionally, the interest rates  are among the lowest that they help their clients with.
    A Google User
    A Google User
    11:42 20 Sep 22
    It is definitely a five-star mortgage provider! My interactions with this business have been excellent. They have done their utmost to assist me, and the customer service is excellent.
    Belinda King
    Belinda King
    11:29 15 Sep 22
    Anyone looking for a reverse mortgage without stress should use this company. Because I wasn't sure how much money I would be able to get from a reverse mortgage, I was initially concerned about taking one out. However, this company was very helpful and handled everything for me. I can now live comfortably without being concerned about my money. I greatly appreciate it.
    A Google User
    A Google User
    09:22 15 Sep 22
    PierPoint helped me get a mortgage loan even with my low credit score. They were very nice and excited to help, and they made the process easy and stress-free. I'm now a homeowner thanks to PierPoint, and I would recommend them to anyone looking for a mortgage loan.
    Francisco Lee
    Francisco Lee
    04:51 15 Sep 22
    I have had a great experience working with them. I was referred to them by a friend and his team has been very helpful in the whole process of getting a home loan.
    A Google User
    A Google User
    12:46 13 Sep 22
    As a first time home buyer, I had no idea about how to go about getting a mortgage for my new home in Wetumpka. Pierpoint mortgage got me the most competitive interest rate and the best loan options. They were very friendly and helpful during the whole process. Thanks!
    Ross Barnett
    Ross Barnett
    11:53 12 Sep 22
    I was on a spree from one broker to another to secure a home loan. Some had a sky-rocketed interest rate, while others seemed dubious. At last, PierPoint was my place, low rate of interest and a courteous team. Highly recommended!
    A Google User
    A Google User
    05:51 29 Jul 22
    They are skilled at what they do and assisted me in getting a mortgage loan at the earliest. I've already utilized their service more than twice and have been pleased with them each time. Thank you!
    Wanda Thomson
    Wanda Thomson
    12:53 27 Jul 22
    The house buying process was made easy by their knowledgeable staff, who were able to answer all of my questions throughout the entire process. I definitely recommend them!
    Grace Lin
    Grace Lin
    09:32 22 Jul 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
    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
    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.
    A Google User
    A Google User
    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
    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
    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
    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
    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 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
    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 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
    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
    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.
    A Google User
    A Google User
    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 Willis
    Melanie 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
    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!
    A Google User
    A Google User
    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.
    A Google User
    A Google User
    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.
    A Google User
    A Google User
    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 have been offering brilliant services ever since. PierPoint Mortgage is a nationwide mortgage broker that has over 50 years of mortgage experience.

    NEWSLETTER

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