At Preferred Capital, we bring a simple concept to the home lending process: service. Our commitment to service separates us from other lenders, brokers, and banks. By being upfront with our clients, we build relationships and a strong foundation with our borrowers, Realtor partners and other industry contacts. There’s a reason people come back to us time and time again.
The team at Preferred Capital has the knowledge and experience it takes to help homebuyers move from house hunting to home owning. We treat everyone like family. Our vision and belief is that through education and straight-forward communication we can better serve our clients and help them achieve their homeownership goals.
Throughout the mortgage loan process, our team works to keep you informed and educated. We have many different loan programs available and exceptional resources to help you close on your loan quickly. In fact, we can work through the process in days, not weeks, depending on the loan program. We’re also able to accomplish this because we focus on building relationships and not looking at clients like they’re just a number.
Step 1: Contact our team
The first step in purchasing a home, is talking to our team. During a free consultation, we’ll help you better understand your loan options and your budget. Together, we’ll review your finances and build a roadmap to the closing table. By the end of the consultation, we’ll get you pre-qualified, so you can look at homes with confidence.
Step 2: Apply for your mortgage
With a clear understanding of your mortgage options, it’s time to start the application process. We’ll help you pull the right documents and make sure everything is in order before submitting the application to underwriting. Our team is here to help make sure everything looks great and to guide you through the process.
Step 3: Close on your dream home
Once your application is approved, there are just a couple of things to do before closing on your home! This is by far our favorite part of the process because after you sign your closing documents, we get to welcome you home!
Finding the right mortgage loan program can save you time and money. That’s why it’s so important we understand where you want to purchase, what your finances look like, and what your home goals are. Together, we’ll find the right solution to help you accomplish those goals.
FHA home loans are designed provide flexible guidelines for homebuyers. Removing barriers traditionally associated with mortgage programs, FHA loans offer lower down payment options and easier credit qualifications.
USDA home loans provide financing for those looking to purchase in rural settings. As a rural development program, USDA loans offer zero down payment mortgage solutions for qualifying borrowers and properties.
Created specifically for active military personnel, veterans, and U.S. Military families, VA home loans offer qualified borrowers a no down payment loan option with lower credit score qualifications.
Conventional home loans are great for those who have saved the traditional 20% for a down payment, though smaller down payment options exist for Conventional home loans, as well.
What are the best mortgage loan programs for Muncie?
Your best mortgage loan option is about more than just location. It’s about your finances and home goals. Location can play a part in what loans you qualify for, but it isn’t the only factor. Before we make a recommendation, we need to get to know you and what you’re looking for in a future home. The goal of our discussion is to better understand your needs, finances, and the home you want to purchase.
Buying a home in Muncie starts by talking to our team! Before you start house hunting, you should talk to a Mortgage Consultant to learn about the process and your options. We’ll guide you through the experience and help you get pre-qualified.
How long does the Muncie home buying process take?
The entire process can take months. However, depending on your loan program, we can help you close on your loan in two weeks. If you’re committed to communication, we can help you move through the process faster than most mortgage companies. By staying on top of document requests, being upfront with our team and working closely with your Realtor, you can help the process go smoothly.
How much does it cost to purchase a home in Muncie?
It’s more about what you’re looking for in your future home. We have loan programs designed for individuals, their goals, and their financial situation. We’ll help you determine what you can afford and what the best option is for you.
Your down payment doesn’t need to be 20%. We offer loan programs that require 0-5% for a down payment. Ultimately, it’s about your end goals, the type of home you want to purchase, and your current situation.
I want to purchase a home in Muncie, where should I start?
Starting early is always a great idea. A short conversation with our team can result in a roadmap that will help you close on your home. We’ll help you build a real budget, get you pre-qualified for your loan, and help in any way we can during the house hunting process.