• 			    No matter what type of loan you need, we're with you every step of the way.
    No matter what type of loan you need, we're with you every step of the way.
  • 			    The PERFECT HOME is waiting for you -- let us find you the perfect loan to go with it.
    The PERFECT HOME is waiting for you -- let us find you the perfect loan to go with it.
  • 			    Let us be the stepping stone to the home of your dreams.
    Let us be the stepping stone to the home of your dreams.
  • 			    REFINANCING is easy with our professionals' help.
    REFINANCING is easy with our professionals' help.
  • 			    We make Refinancing a breeze!
    We make Refinancing a breeze!

Since 1996 MortgagePro has been delivering mortgage solutions to even the most complicated loan senarios. Are company Slogan "We Say yes even if the bank Says No!" We offer the broadest Underwriting guidelines in the industry and offer approvals when other lenders say no.

Example FHA guidelines allow for a minimum credit score of 580 for a 96.5% loan. However they allow lenders and banks to set their own credit score requirements and additional underwriting requirements which are called Underwriting Overlays. So many lenders have higher credit score requirements for FHA loans, typically a 640 score. As a consequence borrowers are denied for an FHA loan when the actually qualify under the REAL FHA Guidelines.

MortgagePro underwrites to the REAl FHA guidelines without adding unnecessary overlay requirements.The same underwriting flexibility for USDA, VA loans with minimum credit scores of 580.

Home loans for poor credit borrowers  medical collections, bankruptcy or foreclosure. We can help clients straighten out past credit problems and offer solutions to help them avoid a repeat of past problems

Jumbo loans and clients with Excellent credit. We offer advantages for high income borrowers with more complicated income streams. Self employed, investment income, trust income etc.

Jumbo loans have higher rates than conventional loan. And loans above 80% loan to value require mortgage insurance which increases the cost further. MortgagePro tailors loan solutions to ovoid these in many cases unnecessary extra costs.

Example: Jumbo purchase of $750,000 with a downpayment of 10% . The required loan will be $675,000.00 or 90% of the puchase proce. This loan would require 2 things both bad. Jumbo intrerest rate and mortgage insurance.

Solution 2 Fixed rate 30 year mortgages. 1st mortgage $417,000 and the 2nd $258,000. The advantage 1st mortgage at lower conventional interest rates. the 2nd fixed rate still below Jumbo interest rates and no mortgage insurance. The saving is several hundred dollars per month.

Latest from the Blog

Recent Articles

Apr
18
2018
Should I Use My 401(K) to Pay off My Mortgage?
If you have a large 401 (k) plan but aren't quite near retiring age, you may be considering using part of it to pay off your mortgage. Seems like a good idea, but is it? There is no "right" answer. Factors like how much you owe on your mortgage and your ability to pay back the amount you...
Apr
11
2018
Top Solutions to Your Refinancing Obstacles
Refinancing is similar to getting a mortgage, and that includes the application process. However, there are a few differences that can sometimes appear as hurdles. Our office is committed to helping you find real solutions to refinancing, so we put together this list of the top...
Apr
04
2018
Pre-qualification vs. Pre-approval: What's the Difference?
Pre-qualification and pre-approval mean different things when it comes to getting a home loan. Both pre-qual and pre-approval begin the same way and are useful when you're looking to buy a home. However, if you want to lock in a low-rate mortgage and be ready to make an offer as soon as you...
Mar
28
2018
What is a Zero-Down Mortgage?
A mortgage that doesn't require money down is called a "zero down payment" mortgage. These loans are not as widely available as other home loans, and qualifying is a bit more challenging. However, a "zero down" home loan has some perks that you should know about. This article will...