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Liberty One is an FHA/VA approved mortgage company headquartered in Goodyear, Arizona and is licensed nationally to assist you with all your mortgage and lending needs. Whether you are looking for a loan to help you purchase a new home or simply refinance your existing loan, we can help you achieve your goals with the lowest rates available.
Liberty One Lending is your national conduit for all your loan placement needs. We have over 100 lenders dedicated in serving your loan needs. At Liberty One, we pride ourselves in helping you to secure your loan placement with our dedicated staff by providing access to loan finder links and to our:
- FHA / VA conduits- Alt-A Lenders- Subprime lenders (Yes, they are still there down to 500 scores.)- SIVA Lenders - Manufactured and Modular FHA programs
Pre-Qualification Mortgage Programs and Rates The Application Processing Required Documents Credit Reports Appraisal Basics Underwriting Closing Summation
Pre-Qualification
Pre-qualification starts the loan process. Once a lender has gathered information about a borrower's income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for.
In attempting to approve homebuyers for the type and amount of mortgage they want, mortgage companies look at two key factors. First, the borrower's ability to repay the loan and, second, the borrower's willingness to repay the loan.
Ability to repay the mortgage is verified by your current employment and total income. Generally speaking, mortgage companies prefer for you to have been employed at the same place for at least two years, or at least be in the same line of work for a few years.
The borrower's willingness to repay is determined by examining how the property will be used. For instance, will you be living there or just renting it out? Willingness is also closely related to how you have fulfilled previous financial commitments, thus the emphasis on the Credit Report and/or your rental payment history.
It is important to remember that there are no rules carved in stone. Each applicant is handled on a case-by-case basis. So even if you come up a little short in one area, your stronger point could make up for the weak one. Mortgage companies could not stay in business if they did not generate loan business, so it is in everyone's best interest to see that you qualify.
ether you are a one person shop or have 50 loan officers, Liberty One Lending is your national conduit for all your loan placement needs. We have over 100 lenders dedicated in serving your loan needs. At Liberty One, we pride ourselves in helping you to secure your loan placement with our dedicated staff by providing access to loan finder links and to our:
- FHA / VA conduits- Alt-A Lenders- Subprime lenders (Yes, they are still there down to 500 scores.)- SIVA Lenders - Manufactured and Modular FHA programs
We also utilize Calyx web server to keep your loans state compliant. As well as having your print packages kept up to date with the most recent compliance forms you will need to use in all 50 states. No more worrying if your package is compliant correct anymore! Links to the various conduit lenders to make your log on and entry into the lender of your choice as easy as a point and click.
As we utilize many programs, our business is mostly of the following:
CONFORMING LOANS: 30% GOVERNMENT LOANS: 70% FHA LOANS: 90% ALT-A JUMBO: 10% SUB-PRIME: 5% JUMBO: 10% STATED LOANS: 5%
Chase James B. Nutter (Reverse Mortgage) Everbank Liberty Mortgage Flagstar Plaza Home Mortgage Freedom Mortgage Senderra Homecomings Financial Taylor, Bean and Whitaker Ideal Mortgage Bankers Wachovia ING Mortgage Wells Fargo
We also provide you with marketing programs that will take your business to the next level. Ask about our partnership with Fidelity National Title.
Volume and referral bonus program just rolled out. Contact us today about any of the services we offer!
Pre-Qualification Mortgage Programs and Rates The Application Processing Required Documents Credit Reports Appraisal Basics Underwriting Closing Summation
Pre-Qualification
Pre-qualification starts the loan process. Once a lender has gathered information about a borrower's income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for.
In attempting to approve homebuyers for the type and amount of mortgage they want, mortgage companies look at two key factors. First, the borrower's ability to repay the loan and, second, the borrower's willingness to repay the loan.
Ability to repay the mortgage is verified by your current employment and total income. Generally speaking, mortgage companies prefer for you to have been employed at the same place for at least two years, or at least be in the same line of work for a few years.
The borrower's willingness to repay is determined by examining how the property will be used. For instance, will you be living there or just renting it out? Willingness is also closely related to how you have fulfilled previous financial commitments, thus the emphasis on the Credit Report and/or your rental payment history.
It is important to remember that there are no rules carved in stone. Each applicant is handled on a case-by-case basis. So even if you come up a little short in one area, your stronger point could make up for the weak one. Mortgage companies could not stay in business if they did not generate loan business, so it is in everyone's best interest to see
I understand that it can be an intimidating endeavor. It's about you, your wants and desires. Whether you are looking for a loan to help you purchase a new home we can help you achieve your goals!
