-RK Mortgage Group is a company that gives its best services to give homebuyers the best deal they want.
-The company provides different loan programs that have attainable requirements.
-Their application process is simple and straightforward which is easy to follow.
Imagine you are a first-time homebuyer who has been researching different mortgage programs. You come across RK Mortgage Group and its variety of programs and decide to reach out for more information.
In this article, we will help you know more about the services that RK Mortgage Group provides. Also, we will you with the steps you should know in applying to them.
RK Mortgage Group prides itself on ethical practices, integrity, and respect for all. Their loyal customers are the heart of our business- not only do they come back to use the services time and again but they also recommend the company to their friends and family.
Moreover, they offer some of the best rates in town whether you’re a first-time home buyer or looking to refinance your existing mortgage. And no matter how simple or complicated your needs may be, they have the resources necessary to help you achieve your goals.
In order to know more, take look at its features:
A mortgage loan is a loan that you can use to purchase real estates such as a house, condo, or townhouse. The borrower pays back the money over an extended period, usually with interest. And the collateral for the loan is the real estate purchased; if the borrower defaults on the loan for any reason, the lender can take ownership of the real estate.
This type of long-term loan has become an important part of modern life, allowing people to become homeowners without having to pay everything up front in cash. There are many different types of mortgage loans available that you can customize that will fit your needs, making them accessible and affordable for people from all walks of life. Also, loans provide stability, as they typically cover long periods of time while ensuring that your home remains yours.
In addition, because mortgages are legal documents and records are kept when they are made, they also provide much-needed consumer protection in the lending industry. For these reasons and more, mortgages remain essential components of our economy today. It’s clear why mortgage loans have become an integral part of modern society.
If you are applying for a mortgage in RK Mortgage Group, here are the following loans available.
The FHA loan is perfect for first-time home buyers because it requires the lowest down payment, only 3.5% of the sales price. In addition, those with lower scores than conventional loans are still eligible, usually down to a score of 580.
You may also be able to roll your closing costs into your loan if you so choose. Keep in mind that the home must be classified as the borrower’s primary residence in order to qualify for this type of loan program.
Condos are not only convenient and flexible, but they also have unique mortgage requirements in comparison to a typical home. Luckily, RK offers exclusive product options for condos that meet Fannie Mae’s / FHA guidelines. With their experienced team on your side, you’re sure to get the best condo financing available at a lower rate.
This loan is designed for self-employed borrowers who have documented income from their bank statements. While most self-employed borrowers make a good living, they show a smaller net income on their tax returns. Their team is experienced in these loans and will work to get the borrower the best loan possible to fit their needs.
A jumbo loan is a mortgage that surpasses the county or state’s conforming limit. Most areas in the U.S. consider loans above $548,250 to be jumbo loans. Here at RK Mortgage Group, they offer some of the most comprehensive and accommodating jumbo loan programs in the industry today.
Not only do they provide conventional jumbo mortgages, but also solutions beyond what traditional banking offers; a range of specialty products designed specifically for borrowers who don’t fit into traditional guidelines.
If you’ve experienced bankruptcy, foreclosure, short sale, or modification in the past, a Non-Prime Mortgage is perfect for you. And if you’re self-employed, be sure to check out their Bank Statement program first.
The investment mortgage program is ideal for investors who cannot qualify for typical financing based on their tax returns. The loan is qualified based on the value of the property and/or how much income the property is expected to bring in. Also, they will not ask you to submit irrelevant paperwork on this program.
The No Income Verification Mortgage is for investors who don’t fit the formal requirements for financing, as shown by tax returns. The loan instead relies on the value of the property and/or how much money it is expected to generate. If you are self-employed, you should look into their Bank Statement program too.
If you’re in the market for a new mortgage, then RK Mortgage Group can help you find the best option. With them, getting a quote is a fast and easy process. They’ll walk you through each step of the way to make sure that you get an accurate assessment of your financial situation and an offer tailored to your unique needs.
It’s never been simpler or faster to get a mortgage – so if you’re ready to take the next step towards owning (or refinancing) your home, reach out today!
RK Mortgage Group is an excellent choice for borrowers looking to get the best deal on their loans. They offer competitive rates, and no income verification loans, and can help you with a wide range of loan types, including short sales, foreclosures, bankruptcies, and more. Plus, they make the process quick and easy by providing a step-by-step quote process and fast funding.
If you’re ready to start the mortgage process, get in touch with RK Mortgage Group today!
Q: What kind of loan products do you offer?
A: They offer different products that will fit every person who wants to take a mortgage loan from RK Mortgage Group. Above is the list of mortgage loans that you can choose from them.
Q: Do you need to provide tax returns to get approved?
A: No, you don’t have to provide any tax returns. The loan will be based on the value of your property and how much money it is expected to generate.
Q: What is the minimum credit score to qualify for a loan?
A: RK Mortgage Group offers loans to people with credit scores as low as 660. However, the higher your credit score, the better chance you have of qualifying for a loan with a favorable interest rate.