Introduction
First American Mortgage is one of the most trusted and reliable mortgage lenders in the United States. The company has been providing mortgage services for over 130 years and has helped millions of Americans achieve their dream of owning a home. Whether you’re a first-time homebuyer or a seasoned investor, First American Mortgage offers a wide range of mortgage products and services to meet your needs.
What is First American Mortgage?
First American Mortgage is a subsidiary of First American Financial Corporation, a leading provider of title insurance, settlement services, and risk solutions for real estate transactions. First American Mortgage offers a wide range of mortgage products, including conventional loans, FHA loans, VA loans, jumbo loans, and USDA loans. The company also offers refinancing options for those looking to lower their monthly payments or shorten their loan term.
Why Choose First American Mortgage?
There are many reasons to choose First American Mortgage as your mortgage lender. First, the company has a long history of providing excellent customer service and has received numerous awards for its commitment to customer satisfaction. Second, First American Mortgage offers competitive rates and flexible loan options, making it easier for borrowers to find a mortgage that fits their needs and budget. Third, the company has a team of experienced mortgage professionals who can guide you through the entire mortgage process, from pre-approval to closing.
Types of Mortgage Products Offered by First American Mortgage
First American Mortgage offers a wide range of mortgage products to meet the needs of its customers. These include:
Conventional Loans
Conventional loans are the most common type of mortgage and are not guaranteed or insured by the federal government. First American Mortgage offers fixed-rate and adjustable-rate conventional loans with flexible terms and competitive rates.
FHA Loans
FHA loans are insured by the Federal Housing Administration and are a popular choice for first-time homebuyers. First American Mortgage offers FHA loans with low down payments and flexible credit requirements.
VA Loans
VA loans are guaranteed by the Department of Veterans Affairs and are available to eligible veterans, active-duty service members, and their spouses. First American Mortgage offers VA loans with no down payment and flexible credit requirements.
Jumbo Loans
Jumbo loans are for borrowers who need a loan amount that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. First American Mortgage offers jumbo loans with competitive rates and flexible terms.
USDA Loans
USDA loans are guaranteed by the United States Department of Agriculture and are available to borrowers in rural areas who meet certain income requirements. First American Mortgage offers USDA loans with low down payments and flexible credit requirements.
The Mortgage Process with First American Mortgage
The mortgage process can be overwhelming, but First American Mortgage makes it easy for borrowers. Here’s what you can expect when you work with First American Mortgage:
Pre-Approval
The first step in the mortgage process is to get pre-approved. This involves submitting your financial information to First American Mortgage, including your income, assets, and credit score. Once you’re pre-approved, you’ll know how much you can afford to borrow and can start shopping for homes.
Loan Application
Once you’ve found the home you want to buy, you’ll need to fill out a loan application with First American Mortgage. This involves providing more detailed financial information and documentation, such as pay stubs and tax returns.
Loan Processing
After you’ve submitted your loan application, First American Mortgage will start processing your loan. This involves verifying your financial information and ordering an appraisal of the property you’re buying.
Underwriting
Once your loan has been processed, it will be sent to underwriting. This is where a loan underwriter will review your financial information and determine if you’re eligible for a mortgage.
Closing
If you’re approved for a mortgage, the final step is closing. This is where you’ll sign all the necessary paperwork and pay any closing costs. Once you’ve closed on your mortgage, you’ll officially be a homeowner!
Conclusion
First American Mortgage is one of the best mortgage lenders in the United States, offering a wide range of mortgage products and services to meet the needs of its customers. Whether you’re a first-time homebuyer or a seasoned investor, First American Mortgage has the expertise and experience to help you achieve your dream of owning a home. So if you’re in the market for a mortgage, be sure to consider First American Mortgage!