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Making SIMPLE
your HOME MORTGAGE Loan
You’ll be flying with the best.
Making SIMPLE your HOME MORTGAGE Loan
The Fifth Financial Experience
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We strive to exceed customer expectation through dynamic listening and timely responses.
Explore your options
We view helping families finance their homes as an honor and privilege.
How we Make it Easier
Apply how you want: work online, talk to a Home Loan Expert, or both.
Mortgage Calculator
Know How much you can Afford? Use our free mortgage calculator to estimate your monthly mortgage payment.
The Fifth Financial Experience
WHAT OUR CLIENTS SAY
I had a very complex transaction. Not only did the staff at Fifth Financial make it easy and fast but most important they were able to find us the financing we needed to complete our purchase. They understand the market, what the banks are looking for and how best to help their clients secure the mortgage they need. That’s invaluable in this business.
Elena Sisti
a year ago
This team were wonderful to work with. They are very responsive and transparent during the entire process. The online system they use made the pre-qualification super-fast and i was able to track the status of the process the hole time though the portal, it was amazing!. Grateful I was able to find someone super reliable. Thank you, guys,!
Alexander Pinto
a year ago
WHY DO BUSINESS WITH US?
We are mortgage broker professionals committed to providing financial solutions to make communities better places in which to live and to work by providing superior customer service, innovative products, and technology.
WHY DO BUSINESS WITH US?
Providing superior service
Seeking to constantly understand each other’s needs
Promoting community involvement
Developing mutual trust, which will be the foundation for all relationships
Requiring excellence and integrity in everything we do
FREQUENTLY ASKED QUESTIONS
1. What will my mortgage rate be?
We will begin with what always seems to be everyone’s number one concern, saving money. Like any other monthly payments you’re attempting to negotiate, it depends on a lot of factors.
But I can at least clear up a few items to give you an idea of how things will go. Ultimately, the more risk you present to the mortgage lender, the higher your mortgage rate.
3. How long is my mortgage rate good for?
Once you do find that magic mortgage rate, you will probably be wondering how long it’s actually good for.
If you are not asking that question, you should be because rates aren’t set in stone unless you specifically ask them to be.
By that, I mean locking in the mortgage rate you negotiate or agree upon with the bank/lender so even if rates change from one day to the next, your rate won’t.
Otherwise, you’re merely floating your mortgage rate, and thereby taking your chances. Without a rate lock, it isjust a quote.
Rates can generally be locked in for anywhere from 15 to 90 days or longer, with shorter lock periods cheaper than longer ones.
2. How do you calculate a mortgage payment?
At some point in the mortgage process, you’re going to be searching for a mortgage calculator to figure out your proposed payment.
You can see how monthly payments on mortgage loans are truly calculated using the real math, or you can simply find a payment calculator that does all the work and tells you nothing about how it comes up with the final sum.
Just make sure you use a mortgage calculator that considers the entire housing payment, including taxes, insurance, HOA dues, and so forth. Otherwise you are not seeing the complete picture.
4. What credit score do I need to get approved?
It depends what type of mortgage you are attempting to get, and also what down payment you have, or if it’s a purchase or a refinance.
The good news is that there are a lot of mortgage programs available for those with low credit scores, including VA loans and FHA mortgages. For example, the FHA goes as low as 500 FICO, Fannie and Freddie 620, and the USDA and VA do not technically have a minimum credit score, though most lenders want at least 620/640.
If you are in good shape financially, a poor credit score may not actually be a roadblock. But you can save a lot of money if you have excellent credit via the lower interest rate you receive for being a better borrower.
Simply put, loan rates are lower if you have got a higher credit score.
FREQUENTLY ASKED QUESTIONS
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WHAT OUR CLIENTS SAY
Schedule a FREE appointment with a Mortgage Loan Specialist to complete your scenario
Schedule a FREE appointment with a Mortgage Loan Specialist to complete your scenario
