Stamford, Connecticut
Our mortgage brokers are here to assist you
Applying for a mortgage in Stamford, Connecticut? Read this first
To find your dream home in Stamford, Connecticut, you’ll need to get approved for a mortgage and find a trusted Mortgage Broker in Stamford, if you’re not paying cash. When you know which type of loan is right for you and how a down payment affects your monthly mortgage payment, you can narrow your options. Having proof of income and knowing your credit score are also important factors.
Credit Ratings
Mortgage approval is strongly influenced by credit scores. It is generally accepted that a credit score of 660 or higher is considered prime, while a credit score below 620 is considered subprime. A mortgage with a lower interest rate is possible if your credit score falls within the prime range. If you have a subprime credit score, your rate will be much higher and you might have trouble getting approved. If you have more queries about credit requirements, you can contact us and our expert mortgage lenders in Connecticut would assist you.
Your income
An income source that is steady usually qualifies an individual for a mortgage. In addition to alimony, child support, stock dividends, and tips, you can also receive monthly income from other sources. Many Mortgage brokers in Connecticut consider irregular income to be a higher risk, which makes qualifying for a mortgage more difficult for self-employed applicants. An excellent and the best credit score and a lot of savings help lenders view you as a lower risk if you are self-employed.
A comparison of debt and income
Debt-to-income ratios are used by Mortgage lenders in Stamford to determine risk. They commonly use 28/36 qualification ratios. It covers things like principal interest payments and homeowners’ insurance as a percentage of your gross pre-tax income. Approximately three-quarters of your income can be used to pay for housing expenses and recurring debts like auto loans and credit cards. For more information about the same, you can rely on the top and the most trusted mortgage company like PierPoint Mortgage.
Down payment
A down payment is typically required by most Mortgage Lenders in Connecticut. A conventional loan requires between 5 and 20 percent of the house’s total cost. By contrast, a government-guaranteed loan requires much less down payment. Down payments also affect loan-to-value ratios, or how much equity you have in your home versus the amount owed on it. Your home will start off with more equity if you put down a larger down payment.
Remaining Cash
After paying the down payment and closing costs, liquid reserves are the remaining funds. 401Ks, bank accounts, stocks, bonds, and other forms of liquid reserves are among these sources. Mortgage Brokers in Stamford view borrowers with higher liquid reserves as less risky, so they factor them into your mortgage approval and terms.
Rates and types of loans
Loans fall into three main categories. Depending on how much you put down, conventional loans usually require higher down payments, but you may not have to pay mortgage insurance. Veterans Administration loans have different terms and requirements; to apply, you need to be a veteran or an active-duty military member. The Federal Housing Administration offers loans (FHA loan) to first-time homebuyers. No matter what type of loan you apply for, your interest rate will be determined by factors such as the current market conditions, your credit record, and the state of the economy. A fixed-rate mortgage has the same interest rate and an adjustable-rate mortgage has a variable interest rate. The lender also charges points. You can negotiate your points, which affect your mortgage’s overall cost.
The pre-approval process
Borrowers often have to go through a multi-step process before they can get a mortgage. After reviewing the various types of mortgages and their requirements, you should speak with an expert lender for pre-approval. If nothing changes, if you put a contract on an appropriate house within the specified price range, you will be approved for a mortgage. Pre-approvals normally last 60 to 90 days.
If you want to know about our pre-approval process and how much time we take for approval, you should contact us right away.
Reviews
I requested a home-loan from this company, they helped me in all ways and gave me a loan without any hassle.
Denise Rodriguez
11:34 02 Dec 21
They helped me in getting my home loan approved with the lowest interest rate available at the time I applied for it. I am very satisfied with their service and would like to thank them for helping me achieve my goal of building my dream home.
Opal Johnson
07:29 26 Nov 21
I just wanted to thank you for your support during the home loan application process. You guys were very helpful and always available. You made our experience seamless. I'll be sure to recommend your services to anyone looking for help with their financial needs.
Roberta Hunter
13:00 23 Nov 21
I had a strange experience with the lender. It was the first time I got my home loan, so I didn’t know what to expect. The people at the firm were very helpful and friendly. They took their time explaining everything to me, answered all questions that I had, and gave me useful advice on how to manage my money better.
Rachael Wallace
05:53 19 Nov 21
I had a very good experience with them. I applied for the best home loans and it was a very quick & smooth process from thereon. The team helped me with all the requirements and queries within a week. Thank you so much!
Radek Vacek
09:17 03 Nov 21
My experience with them was fantastic. I had a few questions and they were very helpful and responsive. I would definitely recommend their best home loan services to others.
Lisa S. Jones
06:36 29 Oct 21
You were very helpful and efficient in getting my home loan completed, I would recommend your company to anyone that needs a mortgage.
Brittany Lopez
04:31 28 Oct 21
It is the best in the industry to work with a mortgage broker. They are professional, efficient, organized, and they turn things around quickly. Thank you very much.
Mark D. Hall
10:14 18 Oct 21
The company I applied with offered FHA loans. My loan was approved through the staff, and I was kept informed throughout the whole process. They have been a great help to me.
Michael Wilson
05:26 28 Sep 21
We appreciate all your efforts and the service you provided us. I would recommend them to anyone looking for a home loan.
Douglas M. Moore
09:05 16 Sep 21
I needed to apply for a home loan. This mortgage company was recommended to me by a friend. I applied for a loan, and they went over all of the terms with me. Whenever I had a question about the loan, I received a prompt response, which I greatly appreciated. Guys, thank you so much for your assistance and support!
Angela
07:06 08 Sep 21
All the information I needed was provided to me to apply for a loan. Now that the demands have been met, I have received the money. I greatly appreciate your help with my Jumbo loan.
Tasha Howell
11:09 30 Aug 21
The people at this company are awesome! The staff is willing to answer your questions and readily available if you need them. They helped me to get approved for an FHA loan. My recommendation for a loan is to use them.
Darlene Gutierrez
08:52 28 Aug 21
Thank you for your excellent service. The mortgage lenders gave me a variety of home loans option to choose from, which helped find the best loan. The result was very fast. Thanks again.
Arlene Willis
05:17 18 Aug 21
As a first-time homebuyer, my wife and I knew nothing about the mortgage process going in. We were able to feel comfortable and more informed thanks to their knowledge and attentiveness. We got the lowest interest rate possible, and everything went smoothly.
Jodi Fletcher
11:22 11 Aug 21
Our home loan application process was well taken care of and everything was handled professionally and thoroughly. We have recommended them and will continue to do so in the future
Julia Davidson
12:05 05 Aug 21
The team went above and beyond and I am truly grateful. Best mortgage lenders out there!👍
Sylvia Brown
06:52 29 Jul 21
In a tough situation, I had a great experience applying for a loan from a company that provided all the required information.
Irina D. Delong
10:23 21 Jul 21
I need a home loan and I already know where to go for. Because my last experience with these mortgage lenders was great. So, I choose them again for my home loan.
Rodney Ayers
05:39 17 Jul 21
They helped me to get conventional loan, and they were helpful, however, it was an extremely lengthy process which took almost a week to complete. I am still very pleased with the service!
Amber Taryn
19:19 13 Jul 21
In terms of helping us secure a good interest rate for our new home mortgage, this company was an excellent choice. I appreciate your services very much and your help in getting the FHA loan!
Roy Danica
21:09 24 Jun 21
One of PierPoint Mortgage's best services. Their knowledge and expertise of the loan programs will guide you to the best loan program for your new house in Norwalk.
Urmi Galina
21:06 17 Jun 21
We consider ourselves quite lucky to have you as their mortgage provider for our new home🏠 They are very courteous and supportive.
Michael Brownlee
12:17 27 May 21
You've been tremendously helpful. They assisted me in obtaining a home loan, and it is because of them that I was able to purchase my first home. Thank you a lot.
Scott Perez
08:22 19 May 21
Excellent financial services. The staff are very friendly and professional. I recommend their products to everyone. Very happy with their customer service! The team is very helpful and provides holistic and professional assistance. Thank You so much for helping me get a loan. These guys are the best mortgage brokers.
Areana Beharry
17:00 29 Apr 21
I am very thankful to these guys for getting things done for me. PierPoint Mortgage had been a helping hand for me. I highly recommend them.
Warren James
16:53 01 Apr 21
Just finished refinancing our home. PierPoint Mortgage was a joy to work with. Kept us posted with any updates throughout the process. I highly recommend them for their great work!
Ian Anderson
00:13 25 Mar 21
PierPoint Mortgage is an exceptional mortgage company and this process couldn’t have been any easier or pain-free with them. Thank you, guys!
Adonis Noble
15:52 22 Mar 21
Very patient and knowledgeable, they have no problems going the extra mile to help and guide you through the process of buying a home. Would definitely recommend PierPoint Mortgage.
Julia Hudson
17:18 16 Mar 21
FHA mortgage has a lot of financing options. I hired this company to avail myself this loan for my new house and the experts facilitated me great service. 100% recommendation.
Bruce Brim
19:42 24 Feb 21
Thank you guys for getting me the loan for my house. I was planning to buy a house in the town, and the crew at PierPoint Mortgage helped a lot in getting me the loan. They made things easy for me and got me a Jumbo loan for my new house.
Robert Moris
00:15 19 Feb 21
Probably the best mortgage company. PierPoint mortgage has always been helpful. I had applied for a jumbo loan but it got rejected. These guys opted me to take a conventional loan for my house. I would like to thank the people who gave me the best advice for the loan.
Kiara Fields
09:31 09 Feb 21
My mother wanted a refinance of our house and PierPoint Mortgage gave the best quotes regarding our house. The best thing about them was, they were so transparent about everything about the price, interest rates, no hidden cost was charged from us. I didn’t think that things will go that easy that these people made it look like.
Timothy Kitterman
07:29 27 Jan 21
Nothing seems impossible for PierPoint Mortgage. They are the best broker in town. I wanted a reverse mortgage and these people helped a lot. Considering my age, they didn’t bother me at all and helped me with all the paperwork
Gabriel Dickerson
07:38 25 Jan 21
My USDA loan process was very very easy. They were very professional and polite. I enjoyed working with them.
Robert Saucier
09:37 19 Jan 21
I found this mortgage company online as I was looking for a good company to apply for a USDA loan. I am so glad that I found this one because the staff was very polite and professional to work with👏👏👏👏
Viola Knight
05:25 13 Jan 21
This company will be always on my priority list. I wanted to get a good mortgage and looking at my credit history, I got approved for the conventional loan. I am about to begin the construction of my house and it is all because of this company.
Marcella Townsend
17:01 29 Dec 20
Hiring a good mortgage company is NOT EASY in Norwalk. I have no idea how many companies I got in touch with but none of them sounded compassionate about their work. But this wasn’t the case with PierPoint Mortgage. It just took me a call and the way they were talking to me made me feel like this would be a perfect company. And guess what? I was right! These guys were amazing throughout the process of my application. Guided me and helped me in the right way.
Dessie May
11:20 08 Dec 20
PierPoint is one of the best companies I have ever come across. The team was really helpful. Once I told them that I wanted the loan, they did everything by themselves. The team was very professional. Great Service!
Jeff Vanderpool
10:38 03 Dec 20
Just was to say that getting in touch with this mortgage company was the best decision I ever made. I got a reverse mortgage from them because it was getting tough for me to deal with my bills after the retirement. Also, I would like to thank the mortgage specialist who handled my case really well.
Stanley Lansing
19:28 24 Nov 20
My grandad was thinking to get a house of his own but he didn’t have enough funds. I asked him what if I could get him a loan. He was okay with it as he could pay the loan with his pension. After doing a lot of research I came across this PierPoint Mortgage. These people were truly amazing. They helped us get a new house on loan. Also, the interest rates were not that high.
Sylvia Fowler
07:43 22 Oct 20
Being a single child my parents had a lot of hope from me since my childhood. Now it was time to make them happy and that's why I decided to get a house of mine. After doing a lot of research I got to know about PierPoint Mortgage. I talked to them regarding it. They not only explained to me about all the home loans but also suggested me the best suited for me. I couldn’t have got a better lender than them.
Annabelle Bucholz
12:11 15 Oct 20
Due to lack of funds, I was unable to get my dream house. I talked to my friend about this and he recommended this company. I am glad that now I have my house. They were really good. Also, the interest rates that they charged were less.
Kelly Caldwell
01:03 07 Oct 20
A great team of mortgage experts! These guys guided me all the way and helped me get a perfect mortgage. They took their time to study my case and came up with the best type of mortgage.
Lucy Sparks
19:48 23 Sep 20
I almost had lost my house as the last mortgage firm that I hired had messed up on few key points big time and there was not a single chance that I could have come up on top of those in a really short time. But these guys took my case and had everything sorted within a few days, something which was impossible for me to even dream about. They are the best mortgage saviors one could ever ask for.
Nika Wilson
09:52 06 Aug 20
There cannot be ever any other mortgage company that could be finer than them. They have the best staff ever and they will do whatever it takes to make your mortgage all processed up and come through. I have really loved their services and would suggest others to get them as well.
Gavin Max
11:32 05 Aug 20
The mortgage services provided by them are just outstanding and there is absolutely nothing that these guys are shy of doing for the wholesome and utmost satisfaction of their customers.
Kelley Mueller
10:06 31 Jul 20
I have never seen anyone being so professional and efficient at work like them. They know about their work well and there is nothing that can deter them from their determination to serve nothing but the best of services to their customers.
Shiv Chaitram
05:03 24 Jul 20
My mortgage had so many loopholes and almost every other mortgage firm had refused to take my case on before I found myself on their doorstep. They not only handled my case in the most perfect manner but also guided me and educated me to not make mistakes in the future that I already had. Their staff is very professional and highly experienced to take care of anything that may already have gone wrong like in my case. Almost a month after I hired them, I was signing my house on my name. I will be forever thankful to them for helping me realize my dream of getting a house of my own choice.
Natasha Persaud
11:56 07 Jul 20
So finally I started the process of construction of my house and all thanks to this company who guided me in the right direction.
Rickey Barakat
11:27 10 Jun 20
Shannon and his team have come to be as a family to me. They are incredibly competent and efficient in their work as well as having a friendly manner.
Hnnah Bowen
13:09 29 Jan 20
Shannon was excellent to work with. Anytime I called, he always answered and took the time to explain everything thoroughly. I have refinanced twice with PierPoint Mortgage and would not hesitate to do it again.
Alex Raide
12:10 27 Jan 20
Shannon handled the refinance of our current home and accomplished the loan in a highly professional manner! We got us a great rate, and our loan closed on time! Very happy with their service.
Eva Woods
06:03 27 Jan 20
Worked with PierPoint Mortgage on loan and everything went exceptionally well. Primarily, Shannon worked hard around my busy schedule to keep the ball rolling and get the loan done. I would use PierPoint Mortgage again for my next deal.
litzy mayers
07:25 23 Jan 20
Terri and Shannon at PierPoint Mortgage are the best, they always explain everything a way really anyone can understand. They Have my High recommendations!!!
Halle Zack
05:07 14 Jan 20
I have to get mad that I knew virtually nothing about finance and mortgages when I 1st contacted pierpoint mortgage. They gave me lots of advice and tools to help me get my credit in a better place and when the time was right helped me get the best possible mortgage. They even helped me find a realtor that matched my personality! All the way I would give them 6 stars if I could!
familia lastra marin
10:33 21 Nov 19
Shannon and his processor are both very professional and extremely helpful. My wife and I really happy with their service. They are not only knowledgeable, but also personal; which makes the whole process easy and enjoyable. I would definitely recommend them to everyone without hesitation.
Erin Bell
11:04 18 Nov 19
At pierpoint mortgage I felt valued heard and most of all I felt like their values and morals were the same as mine regarding trust honesty and loyalty at the forefront of traits. This is so important we are trusting somebody with the biggest purchase of your life so I was so happy not just to find pierpoint but to find the people who were there are just like me.
Edward Carloni
08:22 17 Nov 19
Shannon took care of us going through our loan application and he was amazing through out. From beginning till the very end he kept us in loop and performed everything that was needed. PierPoint Mortgage team were very cooperative. Hats off guys.
edison montenegro
11:23 14 Nov 19
PierPoint Mortgage group turned into superb assist and provided me with appropriate service. Specially, Shannon made the job easy and pressure free! He changed into handy at all times, very personable and exceptionally knowledgeable with what he did.
dk l
07:26 14 Nov 19
I was recommended to go to PierPoint Mortgage. I'm glad I did!! Shannon and his team were exceptional in answering any questions I had as I was a little unsure of the jargon used when buying a property but they put me totally at ease! I would recommend to any first time buyer to look into going to PierPoint Mortgage as they make the whole experience as easy as possible for you.
Lino DiLascio
13:29 13 Nov 19
Shannon put me in contact with the right people and took time out of his busy schedule to give me the advice I needed. A pleasure to talk to and very engaging. I will recommend him and PierPoint Mortgage team to anybody for showing professionalism and kindness. Thanks Mark.
Edgar Johnson
10:23 12 Nov 19
Really a great experience with PierPoint Mortgage team. Especially with Shannon who really helped my case a great deal.
Sherry Sawyers
06:09 06 Nov 19
PierPoint Mortgage loan representatives are very friendly and knowledgeable. Shannon has been a great help all around.
Marquita Wilmes
08:42 05 Nov 19
Shannon at PierPoint Mortgage was great to work with. Highly knowledgeable, highly motivated and very professional. He was always driving the fight to keep the loan on schedule, ensuring that we had access to documents as soon as they were available. As a first time home buyer, he made the process easy and understandable, putting things in Layman's terms when needed. I would highly recommend Shannon for any real estate loan transaction.
Mandi Rodney
07:26 28 Oct 19
Absolutely no doubt in recommending PierPoint Mortgage for your documentation and approval for Mortgage. Shannon is an out class person with a very friendly nature. Helped me understand the whole process. What could have I ask for more? Highly recommended..
Torrie Hoyle
15:08 23 Oct 19
I would suggest anyone I know, or who wants their mortgage and preapproval process to go smooth, to go to their local pierpoint. They got my paperwork done within a couple of week and made absolutely everything understandable.
Lilian Thompson
16:49 03 Oct 19
Thank you to Shannon from PierPoint Mortgage. They are very easy to work with and got my mortgage processed in just a few weeks!
lori concha
20:28 11 Jul 19
Shannon was simply awesome to work with - responsive, helpful, a true professional.
Janet Barry
18:42 28 Jan 19
PierPoint Morgage put a lot of time and effort into finding us the best rates for our financial situation. We are so glad we chose them as our broker. Thank you to all who were involved.
Gene Careesi
18:25 09 Nov 18
PierPoint Mortgage was a really good fit for us. We just bought our first home and knew nothing about the mortgage process, they were very professional and honest with us.
Davrie Ros
19:21 05 Nov 18
We Are Here To Help You
Our Stamford, Connecticut 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
PierPoint Mortgage (POB 579)
680 E Main Street #559
Stamford, CT 06901
680 E Main Street #559
Stamford, CT 06901
NMLS# 112844
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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