Government-Insured Mortgage Loan
A government-insured loan is an alternative of those who are unable to receive a conventional loan due to the lack of income, credit scores, down payments and other requirements etc. As enunciated by the name this loan would be insured by the government, which means that in the scenario where you fall back on your payments the government has already assured the bank of reimbursement.
The traditionally offered loans don’t provide the bank or a private lender with a guarantee of repayment which is why it involves an erroneous process in getting a conventional loan. The core difference between the two stems from the guidelines of the Federal Housing Finance Agency (FHFA) to which a conventional loan is supposed to abide by and a government insured loan doesn’t have to.
WHY THE VANGUARD MORTGAGE?
DIRECT LENDER
DIRECT UNDERWRITER
Set guidelines and a streamlined underwriting process make closings happen swiftly. As fast as 48 hours
PROFESSIONALISM
WHOLESALE RATES
Correspondent lending gives us the ability to bring wholesale rates to the consumer
3 EASY STEPS
TO GET YOUR MORTGAGE
Prequalification
Start with some basic info about your assets, credit profile, income. As a result – amount to borrow and the rate
Application
Funding
CALCULATE YOUR MORTGAGE
SOME FEATURES YOU MIGHT LOVE:
Privacy
We do not share information with any third party companies or resellers.
Quick Turnaround
We built technology that helps expedite the review of your loan documentation. This leads to faster closings and a better overall experience for our clients.
Credit score under control
Application process does not affect your credit score.
Online
You can allpy online, upload required dociments, schedule a conversation with a mortgage loan originator here. Everything at one place.
Transparency
Our technology ensures that you are kept up-to-date on the status of your loan application at all times. You will have secure access to your loan documentation throughout the process.
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NMLS 1739929
© 2019 The Vanguard Mortgage LLC