Your Dream Home,
Our Dream Team

At Mortgage Financial Services, we share the dreams of homebuyers and their goal to achieve home ownership.

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Step-by-Step Mortgage Guide

Provided by Freddie Mac, in this guide, you will learn about one of the most important steps in the homebuying process—obtaining a mortgage. The materials in this guide will take you from application to closing, and they’ll even address the first months of homeownership to show you the kinds of things you need to do to keep your home. Knowing what to expect will give you the confidence you need to make the best decisions about your home purchase.

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Checklist For Loan Applicants

When you apply for a loan, you typically need to provide quite a bit of information to your lender. This allows your lender to verify your income and assets. Start gathering this information when you decide to buy a home so that your mortgage application processing will go as quickly as possible. This checklist will help you pull together what you need:

Mortgage Calculator

The mortgage calculator is a tool made available estimating a sales price and payments that might work for an individual homebuyer. All calculations are theoretical only, and actual amounts may be higher or lower depending on a variety of factors. The calculator was developed by a third-part and accuracy is not guaranteed. To help better address your mortgage payment questions, we recommend contacting one of our loan officers regarding you home loan needs.

Try the Mortgage Calculator

Maintain Your FICO Score

Your FICO score is what most lenders use to calculate your credit risk. They use it to decide whether to offer credit to potential borrowers and at what interest rate.

It is made up of 5 elements:

  1. Payment History: (35% of the total credit score) Included is the borrower’s payment history with the repayment of past debt the most important factor.
  2. Credit Utilization: (30% of the total credit score) This is the percentage of available credit that has been borrowed.
  3. Length of Credit History: (15% of the total credit score) This is the length of time each account has been open and the length of time since the account’s most recent action.
  4. New Credit: (10% of the total credit score) Borrowers should avoid opening too many credit lines at the same time.
  5. Credit Mix: (10% of the total credit score) This is the combination of different types of credit such as revolving and installment.

Tips for Maintaining or Repairing Your FICO Credit Score:

HUD Homebuyer’s Toolkit

To help protect consumers, the Consumer Protection Bureau has developed this toolkit to assist homebuyers in the home-buying process. This publication will help you make the most of your mortgage, and help you decide on the best home loan product for you.

Download Toolkit

Forms

Below are important forms that may be required from you during the home loan buying process. Additional documents may be requested depending on your individual situation. Please contact your loan officer regarding any questions about home loan forms.

Your Home Loan Partner

I have dedicated over 17 years to the mortgage industry. From processing, underwriting and now originating, I feel like I can help make this process as smooth as possible in every step of the way. I have been married for 11 years to my wonderful husband Brent and have 2 beautiful children. I enjoy spending time with my family as much as I can, while still taking care of my customers and their needs. This is likely to be the biggest investment my customers will ever have, and for that reason, I strive to make it their best experience.


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RMLO NMLS ID 231770
118 Lovers Ln, Suite B, Bowie, TX 76230

o: (940) 872-6300
tkesey@mfsus.com

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