Why Should You Choose Us?
We care about the journey and the new beginnings in life. Whether you are setting roots in a new state, downsizing your nest, stepping into investment properties, or embarking on any new chapter in life, we want to be a part of that journey. Ignite your new beginning with Bolt Mortgage.
- Personalized Service
- Transparent Communication
- Long Term Partnerships
- Multiple Loan Types
- Competitive Rates
- Customized Solutions
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Ignite A New Beginning
-
President
Built On Loyalty & Trust
Why Should You Choose Us?
We care about the journey and the new beginnings in life. Whether you are setting roots in a new state, downsizing your nest, stepping into investment properties, or embarking on any new chapter in life, we want to be a part of that journey. Ignite your new beginning with Bolt Mortgage.
- Personalized Service
- Transparent Communication
- Long Term Partnerships
- Multiple Loan Types
- Competitive Rates
- Customized Solutions
-
Ignite A New Beginning
-
President
We Are Here To Help You
Drawing upon rich expertise across various loan product types, our loan originators are poised to support you at every stage in your real estate journey.
Strategize
Let's build a pathway together
- Assess financial readiness
- Determine affordability
- Discuss short and long-term financial goals
- Develop a personalized action plan for property purchase
Apply
Secure your financing
- Fill out the application
- Gather and submit neccessary financial documents
- Review credit health
- Evaluate optimal loan amount
Purchase
Let's get you to the finish line
- Evaluate property financials (purchase price, taxes, insurance, etc)
- Key in on down payment and closing costs
- Match loan to ideal type
- Verify assests and liabilities
Refinancing
Leverage your home equity
- Consider refinance options
- Calculate refinance fees and closing costs
- Review current mortgage terms and rates
- Evaluate fit alongside your financial goals
Ignite A New Beginning
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How Do You Qualify For A Loan?
To qualify for the majority of loan types, you typically need a good credit score, steady income, a manageable debt-to-income ratio, and a financial plan to get to the closing table. Specific requirements vary depending on the loan type, so it's essential to discuss and strategize with a loan originator.
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Can You Get A Mortgage Without A Credit Score?
It's possible to get a mortgage without a credit score, but it's challenging. Other aspects of your financial history can be assessed instead of relying solely on a credit score. You may need to provide alternative forms of credit history, such as rental payment history, utility bills, or proof of timely payments for other recurring expenses.
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How Much Home Can You Afford?
Determining how much home you can afford involves considering your income, savings, monthly expenses, debts, and financial goals. A general guideline is that your monthly mortgage payment should not exceed 28-31% of your gross monthly income. It's crucial to factor in other expenses like property taxes, homeowner's insurance, and maintenance costs. We recommend looking at the monthly payment and how that fits into your budget, lifestyle, and financial goals.
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What is the minimum down payment?
Every loan type has its own minimum down payment but other factors can come into play. In general, a conventional loan typically requires a minimum down payment of around 5% of the purchase price, potentially as low as 3% for first time home buyers. FHA loans down payment can be as low as 3.5%. VA loans and USDA loans may offer options for no down payment or low down payment requirements for eligible borrowers. It’s essential to look at your specific situation with a trusted and knowledgeable loan originator to assess what loan options are available to you.
20
YEARS OF EXPERIENCE
98
VOLUNTEERS PARTICIPATED
56
VETERAN HOMES COMPLETED
90
CUSTOMER WORLDWIDE