HomeMortgage Lender In Stamford, Connecticut

Stamford, Connecticut

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Mortgage Lender In Stamford, Connecticut

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.

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    Reviews

    I needed to express my gratitude to these lenders for assisting me in obtaining the home loan. I understand how difficult it is to get a loan accepted, therefore I appreciate that these lenders were prepared to work with me.
    Shelia Miller
    Shelia Miller
    01:31 16 May 22
    They helped me in finding the best home loan for me and took me through the entire process. Thank you so much for all of your help!
    Emma Bryant
    Emma Bryant
    09:29 12 May 22
    I was quite impressed by the mortgage company's dedication to its work. They had an excellent lending process that made obtaining the funds I required simple.
    Hannah Bower
    Hannah Bower
    07:59 07 May 22
    The lenders were quite helpful in terms of guidance and follow-up. My home loan application was processed and accepted by the company.
    Andreas Schmitt
    Andreas Schmitt
    05:47 04 May 22
    With such a low-interest rate, the home loan application was simple, and the customer service is good, with prompt responses.
    Brandon Garcia
    Brandon Garcia
    08:19 23 Apr 22
    Following the application and acceptance, the amount was instantly paid into my account. The entire home loan procedure went down without a hitch.
    Natalie Ford
    Natalie Ford
    14:52 18 Apr 22
    I applied for a home loan and was quite pleased with the level of care I received. Thanks!
    Kari Richardson
    Kari Richardson
    07:24 14 Apr 22
    Their customer service is amazing. We found the best home loan with a competitive interest rate and flexible loan terms. Thanks a lot.
    Minnie Chapman
    Minnie Chapman
    04:50 13 Apr 22
    I was wowed by how quickly they responded. They immediately processed my application and accepted me for a home loan.
    Sherry Harris
    Sherry Harris
    06:50 07 Apr 22
    I had an amazing experience with the company. They helped us find the best home loan in just two days. I appreciate your help!
    Mary Roberts
    Mary Roberts
    06:49 04 Apr 22
    Getting a loan through was so easy. They guided us throughout. Thank you so much for your help.
    Charlene Mccoy
    Charlene Mccoy
    13:42 25 Mar 22
    They recently assisted me in obtaining a loan from this company. They provided a rapid loan process, and I had a pleasant working with them. They were really helpful throughout the financing procedure.
    Louise Parker
    Louise Parker
    14:04 23 Mar 22
    They provide the best loan possibilities, good customer service, and have an easy application process. It is definitely worthwhile to pay a visit.
    Megan Jacobs
    Megan Jacobs
    12:25 21 Mar 22
    Working with this mortgage company was a fantastic experience for me. Everything went smoothly, and they were quite professional and courteous throughout. I would strongly suggest them to anyone seeking for a mortgage.
    Olive Shelton
    Olive Shelton
    09:18 16 Mar 22
    Excellent customer service and a swift loan application procedure. I would strongly recommend this location to anyone in need of a loan who has bad credit.
    Marcus Hill
    Marcus Hill
    06:35 03 Mar 22
    They were able to assist me in obtaining a loan. My loan application was accepted within hours. Thank you very much!
    Joann Lucas
    Joann Lucas
    11:52 25 Feb 22
    We recently used this company to refinance our house, and the staff was awesome. People there were pure professionals and were very responsive throughout the process. We will definitely be recommending them to others in the future.
    Melissa Fisher
    Melissa Fisher
    11:12 16 Feb 22
    They are the best mortgage lenders in Norwalk! I took out a home loan through them at a nominal interest rate. The process went smoothly. I really appreciate the way the loan process was explained to me by the agent. I was able to get this loan without any issues.
    Becky Johnston
    Becky Johnston
    10:39 15 Feb 22
    They offer a wide variety of services to help me get the loan you want at a price that will work for my budget.
    Allen Simmons
    Allen Simmons
    07:40 07 Feb 22
    The mortgage company that helped me with the home loan is really great. They made everything so easy and understandable for me.
    Kathryn Lewis
    Kathryn Lewis
    09:28 03 Feb 22
    They helped me to get the lowest rate of interest and find the best home loan deals.
    Stacey Rose
    Stacey Rose
    07:42 18 Jan 22
    I'm very satisfied with their home loan service. The representative I worked with was really professional and efficient. He has been very helpful from the beginning to the end of my home loan process.
    Mike Shumaker
    Mike Shumaker
    08:00 12 Jan 22
    Their main objective is to help people to buy their dream home with the right loan at affordable rates.
    Hazel Freeman
    Hazel Freeman
    07:45 08 Jan 22
    I assumed my credit score was low, but I was mistaken. They were able to locate the greatest home loan in this area for me, and now I'm very satisfied.
    Constance Sims
    Constance Sims
    12:19 06 Jan 22
    They were able to help me find the best home loan according to my needs. I’m really grateful for their assistance.
    Frances Washington
    Frances Washington
    13:24 04 Jan 22
    I'm pleased with my choice of this mortgage firm. Their staff was both efficient and pleasant, and they supplied me with excellent service at a reasonable price. I would recommend them if you are searching for a home loan company that will get you approved quickly!
    Kay Simmons
    Kay Simmons
    10:49 08 Dec 21
    I have had the pleasure of working with them. They made sure that I was fully aware of all the details, and also ensured that I had a clear understanding of what to expect during each step of the process. Moreover, they offered me a very competitive rate for my home loan. Thanks a lot, guys!
    Evelyn Perez
    Evelyn Perez
    06:01 07 Dec 21
    I would highly recommend this mortgage company. They were able to get me the money I needed very quickly and on my terms.
    Lorena Evans
    Lorena Evans
    13:17 03 Dec 21
    I requested a home-loan from this company, they helped me in all ways and gave me a loan without any hassle.
    Denise Rodriguez
    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
    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
    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
    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
    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
    Lisa S. Jones
    06:36 29 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
    Mark D. Hall
    10:14 18 Oct 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
    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
    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
    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
    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
    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
    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
    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
    Irina D. Delong
    10:23 21 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
    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
    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
    Urmi Galina
    21:06 17 Jun 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
    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.
    Juanita E. Allison
    Juanita E. Allison
    17:00 29 Apr 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
    Marcella Townsend
    17:01 29 Dec 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.
    Matilda R. Allen
    Matilda R. Allen
    01:03 07 Oct 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
    Kelley Mueller
    10:06 31 Jul 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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    lori concha
    20:28 11 Jul 19
    Shannon was simply awesome to work with - responsive, helpful, a true professional.
    Janet Barry
    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
    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
    Davrie Ros
    19:21 05 Nov 18

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    Stamford, CT 06901
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