HomeMortgage Lender In Wetumpka, Alabama

Wetumpka, Alabama

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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.

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    Get Pre-Approved Now!


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    Reviews

    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.
    Norman Torres
    Norman Torres
    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.
    Ryan Cook
    Ryan Cook
    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
    I was in a very desperate need of a home loan, and I had no idea where to turn. A friend of mine told me about this mortgage company. This is the best loan service in my life. They are really reliable, helpful, and they gave me all the money I need without problems or delays! Thank you so much for your help guys! I'm so glad my friend told me about this company.
    Wayne Kim
    Wayne Kim
    04:53 28 Oct 21
    A great place to go if you are applying for a home loan because the staff is professional, informative, and quick to respond. A big thank you to the team.
    Jesus Petrie
    Jesus Petrie
    05:14 22 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've had positive experiences with these lenders. My home loan was disbursed quickly. I will highly recommend your home loan services to my family and friends.
    Jose R. Gray
    Jose R. Gray
    05:43 10 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
    They saved me both time and effort by finding the right home loan options for me, and the entire process was seamless. I was told about all the options available to me. I appreciate your prompt assistance.
    Sonia Cole
    Sonia Cole
    05:21 06 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
    They are the best mortgage broker. During the process, they were extremely helpful in meeting all of my loan requirements.
    Tyler Shyann
    Tyler Shyann
    04:31 17 Jul 21
    I found them great, and they had fantastic service. Very quick and efficient. Helped me in a time when no one else would and that meant everything and got me a conventional loan. Would certainly recommend them to anyone in the future.
    Margret Hildred
    Margret Hildred
    21:26 12 Jul 21
    Best place to get mortgage services!!! Give them a try if you want to apply for any type of loan.
    Winn Coleen
    Winn Coleen
    20:34 07 Jul 21
    Had a great experience here! The staff was absolutely great with ensuring everything was catered for my needs and made me 100% satisfied with my decision of taking the conventional loan from here. Gave me the info I needed to know but broke it down and spent the relevant amount of time with myself to fully understand what was important.10/10 service and I would highly recommend it.
    Yoder Broderick
    Yoder Broderick
    17:14 28 Jun 21
    This company has exceeded my expectations. I always find them eager to assist us whenever we work together or ask for advice. The staff is extremely knowledgeable and professional. Obtaining a mortgage with them is hassle-free and easy. This is a company I highly recommend.
    Duffy Kirby
    Duffy Kirby
    21:48 24 Jun 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
    Very proactive, always kept me in the loop so I knew where things were, always replied to my emails instantly and answered all my curious questions. Time pressure and tight deadlines were not a problem. This is the kind of service I would expect as a customer.
    Vivanco Hartin
    Vivanco Hartin
    07:02 21 May 21
    PierPoint Mortgage is the best! I had a pleasant experience with them. I am soon going to contact them to complete the final formalities of the home loan application. They are best at their work.
    Tamara Jazlene
    Tamara Jazlene
    23:10 05 Apr 21
    PierPoint Mortgage gave wonderfully professional service and very clearly answered all of my questions patiently. I would highly recommend the services of this company.
    Dorthy Payne
    Dorthy Payne
    17:22 01 Apr 21
    Great, professional, informative to new home buyers like myself, and the staff at PierPoint Mortgage is quick to respond to queries. Thank you, team!!
    Alvarado Andersen
    Alvarado Andersen
    17:32 25 Mar 21
    PierPoint Mortgage was amazing and handled every difficult detail with no stress. Very responsive to answering texts and emails. Very smart and capable and took care of everything. One of the smoothest transactions I've ever been with. And we never met in person. That how trustworthy they were for me. Definitely recommend or use them again!
    Francis Jeramiah
    Francis Jeramiah
    15:57 22 Mar 21
    Bernard Hardy
    Bernard Hardy
    04:39 20 Mar 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
    PierPoint Mortgage is awesome! They made it possible for me can have my home. The staff was friendly and always attentive to your questions and needs. I recommend you go with PierPoint Mortgage where you are treated with care and compassion. Once again thank you for making my home come true.
    Reginald D. Tapia
    Reginald D. Tapia
    20:18 03 Mar 21
    Teddy Doughty
    Teddy Doughty
    17:43 25 Feb 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
    The people at PierPoint Mortgage are the best. They answered all my concerns very patiently, and they never said no to their client. Thanks for such a wonderful service.
    Fannie Stiles
    Fannie Stiles
    18:44 18 Feb 21
    I was a bit worried because I wanted a loan for my house. PierPoint Mortgage helped me in getting the conventional loan. Thank you guys, I am extremely thankful to you for your services.
    Ron Perlman
    Ron Perlman
    10:09 03 Feb 21
    Thank you very much, guys, for getting me the jumbo. I am honestly happy with your services. I would love to recommend PierPoint Mortgage to everyone.
    Elnora masiello
    Elnora masiello
    05:00 28 Jan 21
    The people at PierPoint Mortgage are efficient and they had great knowledge about their products. I want to thank them to give the best advice about the loan programs as per my requirements
    Petra willson
    Petra willson
    08:17 27 Jan 21
    Superb mortgage firm, this one is in my opinion. With their assistance, I got a conventional loan. Thanks a lot, guys!
    Emory Ziegler
    Emory Ziegler
    06:38 13 Jan 21
    My requirements were huge. I needed a big amount as the house I wanted to buy was pretty expensive. I got in touch with this mortgage company and asked if they could provide me with such a heavy loan. They introduced me to the concept of a Jumbo loan. I really like this idea and decided to go for it. Yes, the procedure and paperwork were a bit lengthy but it worth the effort.
    Brice Garcia
    Brice Garcia
    13:41 24 Dec 20
    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
    This company understood our need for a reverse mortgage and helped me and my husband to get one. We were suggested to get a reverse mortgage by our son. We both had no clue about it. Just a meeting with them and our concepts of mortgage got cleared.
    Leroy Clements
    Leroy Clements
    11:54 01 Dec 20
    There are so many mortgage specialists in Wetumpka and it was so confusing for me to select one but thankfully my dad suggested me the name of PierPoint Mortgage. I am very happy that I followed his advice and got in touch with them. PierPoint told me everything that I should have known before choosing the mortgage. They were like the biggest helping hand for me.
    Robert Krug
    Robert Krug
    19:38 24 Nov 20
    This is a great company to consider if you are looking for someone to help you with your mortgage. They will not disappoint you.
    Wanetta Casares
    Wanetta Casares
    08:12 08 Sep 20
    There cannot be any other firm whose services could be finer than them. They are very experienced in this field and that is why I know that they would always have everything under their control.
    Patrick Parnell
    Patrick Parnell
    13:17 25 Aug 20
    I have been just very impressed with their work and they are very systematic and have always good and well thought of plans to go about their work.
    Ann Wolfram
    Ann Wolfram
    11:16 24 Aug 20
    There is nothing that these guys would not do to help out their clients in need. They have the expertise and very strong hold in their field and they are just the most amazing people I have ever met.
    Rose Graham
    Rose Graham
    10:00 06 Aug 20
    I will be always suggesting their services to everyone I know as I have received tremendous help from them and that has helped me to be on top of my mortgage game. They are the people who you can easily trust on and could be sure of not ever disappoint you ever.
    Colleen J. Lewis
    Colleen J. Lewis
    11:42 05 Aug 20
    The mortgage rates provided by them are the lowest and there cannot be any other place better than this to get your mortgage problems solved.
    Nathan L. Posey
    Nathan L. Posey
    17:47 22 Jul 20
    My dream of having my own house has finally become a reality and all the credit goes to this company. They are the ones who helped me to get a mortgage. Their fees is also very reasonable.
    Edwin Hockenberry
    Edwin Hockenberry
    11:07 23 Jun 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
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    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.

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