What Does Mortgage Capital Group Offer to Their Clients

You’re a first-time homebuyer and you’re not sure where to start. You know you need a mortgage, but you have no idea what type of loan is right for you. That’s where Mortgage Capital Group comes in!

So, what exactly do they offer in their service? In this article, we will provide you with a discussion regarding their service, specifically on their loan products and process. First, we will discuss what the company is about.

Mortgage Capital Group About

Mortgage Capital Group’s mission is to prioritize client satisfaction and build relationships over transactions. To ensure that they achieve this goal, their mortgage consultants provide exceptional customer service and make long-term business decisions for their clients. These professionals take into account both the lifestyle needs and financial aspirations of customers when providing lending options that can be beneficial in the immediate future as well as further down the line.

Additionally, they have a team of advisors to help clients with their mortgage planning needs and utilize equity management for wealth building. These highly trained professionals offer invaluable assistance in helping you achieve your financial goals.

Moreover, the company has an expansive reach, which gives its clients access to hundreds of financial institutions with a variety of competitive programs. When you work with them, there is no need to communicate with dozens of lenders. Simply one mortgage consultant can provide you with the most comprehensive and unique financing packages available, as well as premier service and effortless closings.

Some of the company’s characteristics:

• An undying commitment to accuracy and precision.
• Honesty, integrity, and professionalism are their keystones to success.
• Unquestionable brilliance in all areas of their business.
• Profit from work that adds value to the customer’s life.
• Hard work, dedication, and unwavering commitment.
• Corporate social responsibility.

Mortgage Capital Group Loan Types

A mortgage is an essential financial tool that allows individuals and businesses to purchase real estate without paying the full amount upfront. It is a loan usually provided by a bank, lender, or cooperative that has the property in question as collateral.

With mortgages, you can secure different types of properties – homes, commercial buildings, and investment properties. Without mortgages, many people would find it difficult if not impossible to acquire their dream home or venture into real estate investing. This makes mortgages an important part of the economy, as they enable people with lower incomes to make investments that will improve their lifestyle and benefit communities.

Luckily, Mortgage Capital Group offers different types of loans that will fit your needs. Below are the available loans you can apply for.

FHA Loan

The Federal Housing Administration (FHA) loan program empowers individuals to purchase their primary residence with a low down payment. Its lenient conditions and low credit standards help countless people attain homeownership annually.

More features:

• Take advantage of up to 96.5% financing.
• Even if you have a FICO score as low as 580, you can still qualify for credit.
• You can consider the option of utilizing gift funds to make a down payment.
• Produced home financing available.
• If you have an FHA loan, streamline refinance options are available to assist you.
• The convenience of non-traditional credit to make your purchases.

VA Loan

The Veterans Affairs (VA) loan program helps Active Duty and Retired Military members have home-buying privileges. This includes the offer of 100% financing with lenient qualification guidelines.

More features:

• Seller allowances of up to 4% of the sensible value of the property are available.
• You don’t need to pay for monthly private mortgage insurance.
• You must have existing or prior military service as a veteran, active duty member, or reservist.
• With FICO scores as low as 580, you can access the credit assistance you need.
• Poor credit is acceptable.
• Available for 100% financing.

USDA Loan

If you’re looking for a home loan with no down payment requirements, the United States Department of Agriculture (USDA) has your back. Their program offers 100% financing on properties located in Rural Areas as designated by them.

More features:

• To qualify, your FICO credit score must be at least 640.
• Financing of up to 100% is available.
• Qualifying incomes are determined by the application process.
• The property must be situated in a region marked off by the USDA.
• Still applicable if you have less than perfect credit.
• Financing for affordable manufactured homes is available.

Conventional Loan

Fixed Rate Conventional Mortgages present you with peace of mind – your rate and payment will remain the same throughout the entire term. If you seek flexibility and plan on living in your home for a prolonged period, then this is perfect for you.

More features:

• Have access to a purchase loan with up to 95% financing.
• You have the option of selecting from a variety of terms, ranging from 10 to 30 years.
• Need a FICO score of no less than 620 to qualify.
• Manufactured home financing available
• If you’re borrowing more than 80% of the value of your home, mortgage insurance is mandatory.
• Cashback of up to 65%.
• Loan limits will vary depending on your location.

Mortgage Capital Group Application Process

Mortgage Capital Group wants to make the loan application process easy and hassle-free for their clients. That is why they provide simple steps that you follow. To apply for a loan, you can start by:

1. Gathering your documents and information. You’ll need two years of W2s or tax returns, most recent pay stubs, bank statements (all pages), and a valid photo ID.
2. Then, complete the application form and gather any additional documents that they need.
3. Next, submit your application and wait for an answer. They will contact you within 24 hours with a decision according to all the information you give.
4. After they approve it, you will need to provide additional documentation for verification of your information.
5. Finally, after completing all the paperwork, you will receive a closing date and details regarding the loan.

With this company, you can be sure that your loan application process will go smoothly and quickly so you can move into your new home as soon as possible.

Final Thoughts on Mortgage Capital Group

Mortgage Capital Group is an excellent choice for anyone looking to purchase a home. They offer competitive rates, low closing costs, and a variety of loan programs that are tailored to meet your needs. With their help, you can find the perfect loan option for you and get into your dream home in no time.

Also, whether you are a first-time homebuyer or an experienced investor, the company can help you get the financing you need. They have a team of loan officers that will help you with customer service to make your loan process as stress-free as possible. Contact them today to begin your journey!

FAQs

Q: Does Mortgage Capital Group offer loans to veterans?

A: Yes, they do. Mortgage Capital Group offers VA Loans to veterans with a wide range of benefits such as 100% financing and no private mortgage insurance requirements. They also provide additional resources for active duty members, reservists, and veterans.

Q: What is the minimum credit score required for a mortgage loan?

A: The minimum credit score requirement for a conforming loan is 620, but you may be able to qualify with a lower score if you have other compensating factors. Mortgage Capital Group will review your situation and work with you to find the best option that fits your needs.

Q: Are manufactured homes eligible for financing?

A: Yes, they also offer financing options for manufactured homes. They provide competitive rates and a variety of loan programs to meet your specific needs. Contact them today to learn more about their financing options!

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