Your perfect home is waiting
Secure your preapproval with an award-winning mortgage lender today.
What sets Empeople mortgages apart
Market-leading rates
Shop confidently knowing you have a great rate. Apply for a preapproval today to learn how much house you can afford, and get a same-day prequalification letter.
In-house processing
Rely on the award-winning service you know and trust. Contact your designated home loan expert, day or night.
Ongoing financial guidance
From preapproval to refinancing, our experts help you maximize your mortgage – and the expenses that come with it.
Customized loan options that fit your needs
Fixed-rate mortgage
Lock in a mortgage rate and payment for a loan term of 15, 20 or 30 years.
Fixed-rate details:
- Ideal option for those planning to stay in their home for 10 or more years.
- Put as low as 3% down with our first-time homebuyer program.
- Get same-day approvals with our in-house processing.
Adjustable-rate mortgage (ARM)
Enjoy a lower initial rate, subject to adjustments after your selected ARM fixed term.
Adjustable-rate details:
- Ideal option for those planning to move within 10 years.
- Offers a lower monthly payment at the beginning of your loan.
- Put as low as 3% down with our first-time homebuyer program.
- Get same-day approvals with our in-house processing.
Refinance
Refinancing may save you money paid on interest, lower your monthly payment, or both.
Refinance details:
- Potentially lower your monthly mortgage payment or pay off your mortgage faster.
- Use to consolidate debt or get cash back for large purchases.
- Complimentary credit guidance with an Empeople Financial Guidance expert.
Reverse mortgage
Create supplemental cashflow with the existing equity in your home.
Reverse mortgage details:
- Available to eligible homeowners 62 years of age and older.
- Access a portion of the equity in your home as cash or a credit line.
- No monthly mortgage payments (property taxes & insurance still paid).
- Loan balance does not become due until the last remaining homeowner no longer uses the home as a primary residence, or when the home is sold.
Applying for a mortgage with Empeople
Apply online in minutes
Submit your online mortgage application from anywhere, 24/7, or apply with one of our home loan experts.
Receive tailored advice
Your designated mortgage loan expert will help you determine which loan option is best suited for your financial goals. From there, you will receive a prequalification letter or next steps for a refinance.
Finance your dream home
Shop with confidence knowing you have a market-leading rate and a partner that will answer questions throughout the entire process.
Meet our mortgage team
Contact our lending team to learn more
Mortgage FAQs |
What information will I need to provide on my online mortgage application?
You’ll need to provide basic information such as your income, assets, and monthly expenses. Before you begin, be sure to temporarily lift any credit freezes you have in place.
How much home can I afford?
Many borrowers determine an affordable monthly mortgage payment by calculating 30% of their gross monthly income. Use our Home Affordability Calculator to estimate how much you may be able to afford based on your income, debt level, and other factors.
What parts of my finances does a mortgage lender review?
We will check your credit score and history, your debt-to-income ratio, and account balances to determine your ability to repay the loan, taxes, and other costs associated with buying a home.
What is the minimum down payment for a mortgage loan?
We offer several low-down payment options, including conventional loans (those not backed by a government agency).
Fixed-rate mortgages and adjustable-rate mortgages are available with a down payment as low as 3%. Ask your mortgage loan expert about additional down payment assistance programs available for qualified borrowers.
Will my payment on an adjustable-rate mortgage (ARM) go up drastically?
With an adjustable-rate mortgage (ARM), monthly payments can change after a specific amount of time, according to your selected loan terms. However, Empeople ARMs have a cap to prevent a drastic payment increase. An Empeople home loan expert will explain how your payment can change over time.
How long does the mortgage loan process take?
From the time we receive your application to full approval of your mortgage loan, the process takes approximately three to four weeks. Closing times vary based on several factors including loan amount,property location and documentation completion.
Do I need to get a home appraisal to get a mortgage loan?
Appraisal requirements depend on the type of loan program you select. Many mortgage programs do require a full appraisal, but some allow for an appraisal waiver if the lender is able to validate the property value using alternative data sources (such as automated valuation models or prior appraisal data).
Federal guidelines require appraisal to be ordered by your mortgage lender. Buyer-purchased appraisals cannot be accepted for the underwriting of your loan.
How does my credit score impact my mortgage loan interest rate?
Borrowers with higher credit scores qualify for lower interest rates, which can result in thousands of dollars in savings over the life of the loan.
Our financial guidance experts can help you prepare in advance of applying for a mortgage, suggesting ways to boost your credit score quickly, so you can get the best loan rate possible.
What other costs are part of my mortgage?
Your monthly mortgage payment will typically include principal and interest payments, as well as homeowners insurance and property taxes if your mortgage payment includes escrow. Depending on your down payment and loan type, you may also have to pay private mortgage insurance as part of your monthly mortgage payment.
Mortgage basics
Learn more about the process of buying, selling and owning a home with Empeople Insights.
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