Mortgage Lenders in Wetumpka, AL

The Right Mortgage Lender in Wetumpka, AL

Mortgage Broker Lenders Wetumpka, Alabama

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 for that, you will need the assistance of some of the best mortgage companies, Wetumpka.

PierPoint Mortgage is one of the top mortgage companies in Wetumpka, AL, and has 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. Your search for reliable Mortgage brokers Wetumpka and lenders end with us,

As a full-service mortgage lender, Wetumpka, AL, 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, Wetumpka, AL

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 jump into the loan process, we must understand the requirements.

As a responsible Mortgage Broker, Wetumpka, Al 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 and W-2 wage statements from the past two years. Also, a recent pay stub showing income for the year and any additional income, such as alimony, will be required.

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 down 20%.

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, 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.

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.

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 companies in Wetumpka, AL, when approving a mortgage for a self-employed borrower. These include the borrower’s income stability, the borrower’s business location, nature, and the market for the product or service offered by the business. Further, the financial strength of the business and whether it will continue to generate and distribute sufficient income to enable the borrower to make mortgage payments are also taken into consideration.

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 Mortgage, the best mortgage lender, Alabama, 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. You may qualify if you are eligible based on the information provided.

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

Most Wetumpka mortgage companies may ask for additional information during the application process, so you should respond 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 home mortgage in Wetumpka 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 agree with the terms, 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, get in touch with the best mortgage lender, Alabama today. Contact PierPoint Mortgage and get a free consultation today.

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    Reviews

    I had a great experience with this mortgage company. Their team of mortgage specialists went above and beyond to help me secure the best mortgage with favorable terms.
    Irene Porter
    Irene Porter
    04:29 29 May 23
    If you're searching for the best mortgage lenders in town, give this company a try. Their expertise and personalized approach helped me find the best mortgage for my dream home.
    Shelley Thomas
    Shelley Thomas
    05:18 27 May 23
    When it comes to mortgage companies, this one is a standout. Their personalized service, competitive rates, and extensive knowledge set them apart. I wouldn't hesitate to recommend them.
    Vivian Cunningham
    Vivian Cunningham
    04:49 26 May 23
    I'm grateful for the expertise of this company in USDA loans. They made the application process smooth and helped me secure a loan with favorable terms.
    Violet Smith
    Violet Smith
    05:17 25 May 23
    My finance broker from this company was exceptional. They guided me through the mortgage process, explaining all the details and helping me make informed decisions.
    Marla Nelson
    Marla Nelson
    04:27 24 May 23
    A mortgage company that understands your needs! Their mortgage specialist provided personalized solutions and found the perfect loan options for me. I'm grateful for their expertise and support.
    Socorro Caldwell
    Socorro Caldwell
    04:33 23 May 23
    Finding reputable mortgage companies near me was a challenge until I discovered this gem. Their dedicated team of professionals guided me through the entire process, ensuring a smooth experience.
    Jacob Palmer
    Jacob Palmer
    11:02 20 May 23
    I wanted the best for my VA loan, so I chose this mortgage company, and they delivered exceptional service. Their expertise in VA loans ensured a smooth process, and I couldn't be happier with the results.
    Bertha Young
    Bertha Young
    07:19 18 May 23
    The mortgage specialist I worked with made the entire process stress-free. They were patient, knowledgeable, and always available to answer my questions. I felt confident and supported throughout.
    Charlotte Scott
    Charlotte Scott
    11:04 16 May 23
    They were a great help to me while I was looking for local mortgage brokers. I was able to get the finest deal from them, and they even assisted me with the paperwork. They are without a doubt someone I would suggest to anyone seeking for a mortgage broker.
    Marian Lawson
    Marian Lawson
    05:02 01 Apr 23
    When other lenders refused to approve me for a loan, they helped me acquire a fantastic mortgage rate. They were present at all times to respond to my inquiries and help me navigate the procedure. To anyone seeking for a mortgage advisor, I heartily endorse them.
    Brenda Perry
    Brenda Perry
    09:59 31 Mar 23
    I can say with confidence that this organization provides the greatest house loans after working with a number of mortgage lenders in the past. Their customer service is unmatched, and their prices are reasonable.
    Rachel Foster
    Rachel Foster
    12:49 29 Mar 23
    I was able to locate the ideal mortgage for my requirements with the help of PierPoint Mortgage. I can't speak highly enough of them!
    Rose Vargas
    Rose Vargas
    13:06 27 Mar 23
    The loan provider gave me the lowest mortgage rate imaginable. They assisted me throughout the entire procedure and were very professional. To anyone seeking for a mortgage lender, I would suggest them.
    Sacha Sanchez
    Sacha Sanchez
    09:54 26 Mar 23
    I've always had excellent service from PierPoint Mortgage in Wetumpka, Alabama. They have consistently been able to negotiate the finest terms for my loans as a finance broker and have supported me every step of the way.
    April Olson
    April Olson
    10:44 23 Mar 23
    PierPoint Mortgage was extremely helpful in securing a mortgage for my new home. They were knowledgeable and professional, and they made the process as smooth and stress-free as possible. I would highly recommend them to anyone looking for a mortgage advisor.
    Natasha Harris
    Natasha Harris
    05:44 21 Mar 23
    The refinance mortgage I obtained through this company saved me thousands of dollars. Their mortgage specialists were helpful and responsive, and they made the process easy.
    Kathleen Olson
    Kathleen Olson
    11:30 20 Mar 23
    When I needed to refinance my home loan, I reached out to a few mortgage brokers near me. I ultimately chose to work with one at this mortgage firm who was professional, responsive, and got me a great rate.
    Lisa Hicks
    Lisa Hicks
    10:58 14 Mar 23
    I couldn't have asked for a better experience with PierPoint Mortgage. The mortgage specialist was so helpful in explaining the different loan options, and we were able to secure a great rate for our refinance.
    William McCormick
    William McCormick
    05:39 13 Mar 23
    I have to mention that my experience with this mortgage company's mortgage specialist was really positive. They listened to my unique financial circumstances and matched me with the most suitable mortgage lender. If anyone I know is in the market for a mortgage, I will be sending them their way.
    Marina Jenkins
    Marina Jenkins
    06:33 28 Feb 23
    Working with my mortgage advisor at this company was a breeze. They made the complex mortgage process simple and stress-free. I appreciated their responsiveness and attention to detail.
    Lois Foster
    Lois Foster
    05:08 23 Feb 23
    This finance broker was a lifesaver when I needed to secure a loan quickly. They worked tirelessly to find me the best rate and were always available to answer my questions. Highly recommend their services.
    Wanda Carpenter
    Wanda Carpenter
    11:08 22 Feb 23
    When it comes to conventional loans, there are a lot of different factors to consider. That's why I turned to a finance broker to help me navigate the process. Thanks to their expertise, I was able to secure a great loan with favorable terms.
    Patricia J. Johnson
    Patricia J. Johnson
    10:52 17 Feb 23
    I was hesitant to apply for a reverse mortgage, but my mortgage specialist put all my fears to rest. They were incredibly knowledgeable and patient, and they helped me find the best mortgage option for my unique situation.
    Susie Lee
    Susie Lee
    12:51 16 Feb 23
    If you're in the market for a conventional loan, this company is definitely worth checking out. They offer great rates and their customer service is top-notch. I highly recommend them!
    Dolores Perry
    Dolores Perry
    06:06 15 Feb 23
    They are the best mortgage advisors in the market. They helped me through the entire process of getting a mortgage, from pre-approval to closing. They were always available to answer my questions and help me understand the process.
    Wayne Harper
    Wayne Harper
    10:46 14 Feb 23
    I made the decision to use an FHA loan while I was looking for a home loan. The mortgage consultant I worked with was fantastic; she made sure I understood the procedure at every stage. I am incredibly appreciative of their assistance and would suggest this choice to anyone looking for a mortgage.
    Kathryn Spencer
    Kathryn Spencer
    12:10 09 Feb 23
    I contacted PierPoint Mortgage when I was interested in getting a reverse mortgage. The crew was very professional and explained the process to me in great detail. I appreciated that they took the time to answer all of my questions and help me understand everything.
    Roberto G. Lindsey
    Roberto G. Lindsey
    10:35 08 Feb 23
    I am extremely satisfied with the mortgage company in Wetumpka. They went above and beyond to make sure I qualified for a USDA loan. Their professionalism and knowledge were very impressive. I would recommend them to anyone looking for a mortgage company.
    Danny Dunn
    Danny Dunn
    06:18 09 Jan 23
    The customer service at this mortgage company was very good. I got all my questions answered and they were very helpful in guiding me through the process. The whole experience was very smooth and hassle-free. I would definitely recommend their services to anyone looking for a reverse mortgage.
    Stan T.
    Stan T.
    11:55 08 Jan 23
    We used this online mortgage broker service for our recent home purchase and we were extremely satisfied with the level of service and support we received. The mortgage broker was very knowledgeable and helped us find the best mortgage product for our needs. We highly recommend this service to anyone looking for an easy and stress-free mortgage application process.
    Misty Powell
    Misty Powell
    11:08 08 Jan 23
    When we decided to buy a house, we knew we would need a jumbo loan. We had friends who had availed of jumbo loans before and they recommended this company. We are so glad we used their services! They were quick, and efficient and got us a great rate. We will use them again in the future.
    Penny Morris
    Penny Morris
    05:51 27 Dec 22
    We found the team at Pierpoint Mortgage Wetumpka, AL to be extremely professional and knowledgeable about the finance broker industry. They provided us with sound advice and helped us navigate through the process of securing our mortgage. We would not hesitate to recommend their services to others.
    Aimee Gutierrez
    Aimee Gutierrez
    13:06 16 Dec 22
    I was initially apprehensive about taking an online mortgage, but this company made the process so straightforward. They were always available to answer my questions, and I never felt like I was in the dark. I recommend them to anyone looking for an online mortgage lender.
    Amber Watson
    Amber Watson
    12:45 14 Dec 22
    The refinance home loan services offered by this mortgage company were extremely helpful in getting my financial situation back on track. The process was quick and easy, and the customer service was excellent. I would definitely recommend this company to anyone considering refinancing their home loan.
    Ella Sims
    Ella Sims
    08:48 13 Dec 22
    I went to this mortgage company to seek the assistance of their mortgage advisors. I needed help with the purchase of my new home and they were able to provide me with the guidance and support I needed. They were knowledgeable and helped me to understand the process so that I could make the best decision for my situation. I am grateful for their help and would recommend their services to anyone in need of mortgage assistance.
    Debra Wallace
    Debra Wallace
    06:48 05 Dec 22
    I contacted the mortgage specialist to get the proper assistance I needed. My specialist was very helpful and provided me with the information and resources I needed to make the best decision for my situation. I am very grateful for the assistance I received and would recommend anyone in a similar situation to do the same.
    Stacey Carpenter
    Stacey Carpenter
    08:41 01 Dec 22
    My search for a local mortgage broker led me to PierPoint Mortgage. I'm so happy I selected them! They took the time to walk me through the procedure step by step and make sure I understood it all. Thank you very much!
    Neil Kennedy
    Neil Kennedy
    07:33 24 Nov 22
    Thank you for helping me secure  an excellent mortgage rate, you guys exceeded my expectations and I would absolutely suggest you to anyone searching for a mortgage broker. Thank you, PierPoint Mortgage, for exceeding my expectations!
    Laura Harper
    Laura Harper
    04:40 08 Nov 22
    PierPoint Mortgage was incredibly supportive when I was looking for a conventional loan. They were always available to answer questions and helped me through the entire process. I can't thank them enough for everything they did for me.
    Maude Carter
    Maude Carter
    12:38 05 Nov 22
    They approved my request for a conventional loan within a very short time and I can’t thank them enough. I would recommend Pierpoint Mortgage, Wetumpka, AL to anyone looking for easy and affordable loans.
    Kari Powell
    Kari Powell
    07:30 04 Nov 22
    I needed a mortgage broker and I found PierPoint Mortgage near me. I'm really glad I chose them! They explained the process to me step by step and made sure I understood everything. They got me a great rate and I closed on my house very quickly. I would definitely recommend them to anyone looking for a mortgage broker.
    Elaine Knight
    Elaine Knight
    06:07 27 Oct 22
    I owe a great deal of gratitude to the mortgage loan officers at this business for assisting me in obtaining approval for a conventional loan. I can't express enough gratitude to them for their help and service, which made all the difference. They helped me, and now I'm looking forward to a prosperous future.
    Glenda James
    Glenda James
    12:01 21 Oct 22
    I guess I had a lovely experience with them. Met them at my friend’s suggestion 2 months ago to enquire about VA loans. Nice staff and helping community. Was worried about the duration of loan approval but all went so perfectly. Got a good discount too!
    Kristan Presson
    Kristan Presson
    11:12 13 Oct 22
    It was a new experience for me to get a reverse mortgage online from them and really they were quite helpful.
    Tracy Carr
    Tracy Carr
    07:17 13 Oct 22
    Working with them has been a wonderful experience for me. They were recommended to me by a friend, and his crew has been incredibly helpful throughout the entire mortgage application process.
    Blair Howe
    Blair Howe
    04:48 11 Oct 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
    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
    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
    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
    Mortgage Lenders In Wetumpka Al

    Have Some Questions?
    We Are Always Here To help!

    What company holds the most mortgages?

    It is not publicly available which company holds the largest mortgages in the US. But PierPoint Mortgage is an expanding mortgage lender with a committed group of experts who consistently deliver outstanding service.

    What are the two largest mortgage companies?

    Fannie Mae and Freddie Mac are the two largest mortgage companies in the US.

    How do I get the best mortgage approval?

    To get the best mortgage approval, you’ll need to have a high credit score, a low debt-to-income ratio, and a large down payment.

    What is the best way to get a good mortgage rate?

    To get a good mortgage rate, improve your credit score, shop around for rates, and consider getting pre-approved for a loan.

    What is the easiest type of mortgage to get approved for?

    FHA loans and VA loans are typically the easiest types of mortgages to get approved for.

    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.

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