Erie, PA Mortgage Broker: Explore Home Loan Options and Get the Right Mortgage for Your Situation

FHA Loan

Whether it's a 30 year fixed rate FHA loan on a home in Erie, PA or an adjustable rate mortgage for a condo, Artisan Mortgage Company can help you find the perfect home loan product for you.

Loan Options

At AMC, we understand how nerve-wracking the process can be, with all the paperwork, appraisals, and inspections. So relax and let our experienced (and very friendly) mortgage pros do what they do best. They'll explain all your options, find the very best interest rates in, and make sure you close as quickly as possible.

Conventional Loans

These customer loans not only require no down payment, but also have small percentage to pay closing cost and pre-paid items.

Artisan Mortgage offers personalized service by offering:

1. A wide array of home loan options in Erie, PA including USDA, VA and FHA to help find the right mortgage for each particular need.
2. Uncommon commitment to closing the mortgage as quickly as possible.
3. Very competitive rates.

Final Approval

The Underwriter will review and analyze your processed package and either approve, deny, or suspend your application. The underwriter will take into account your income, qualifying ratios, credit history and cash reserves.

Inquiries

As you have more inquiries into your credit history, it shows that you rely on credit, and your score lowers. Having a great number of inquires can indicate you have financial problems.

Coverage Area

Artisan Mortgage specializes in purchase, refinance or home improvement loans, in Erie County, PA including government-backed FHA, VA, and USDA programs across the following areas:

• Edinboro
• Millcreek Township
• Corry
• Girard
• Harborcreek Township
• Fairview
• Wesleyville

Choosing the right type of home loan depends largely on your unique financial situation. Call a AMC debt specialist to learn more about the pros and cons of these programs as they pertain to your profile.

Here are just a few of the many home loan programs available to Erie, PA residents from Artisan Mortgage Company:

• Borrowers with bad credit
• Self-employed
• Government-Backed Loans
• First-Time Buyers
• 30 Year Mortgage
• 7/1 ARM
• 5 Year Jumbo ARM

As you learn more about what AMC has to offer, you will realize the advantages of choosing to do business with one of Pennsylvania's strongest mortgage brokers.

What is an Interest Only loan?

The interest payment is only required, however you may pre-pay principal as much as you desire. Payments are much lower than fully amortized payments and you qualify with the interest-only payment which dramatically increases your purchasing power. These loans may be a good choice if you are disciplined with your finances and understand the potential risks.

This loan program is used to assist moderate and low-income home buyers in Erie, PA to obtain a home of their own. Some closing cost can be paid by the seller (usually up to 3% of the loan amount). This program has a limited geographic area in which it can be used.

3/27 ARM

These types may be best suited for the consumer that wants to take advantage of the lowest rate they are able to qualify for now and refinance after an 24 to 36 month period.

There are thousands of web pages out there that were created to sell mortgages to the individual seeker as well as brokers and bankers. The good pages among them are clear and concise, and will give you some limited information on the process, as well as important additional information such as current interest rates and mortgage calculators. The data they provide is useful but by no means complete.

Prepayment Penalty

This is a fee that may be charged on a loan that is paid off before a specified period of time. If it has a prepayment penalty it is specified in the note.

If all things were equal, the best strategy for accessing your home equity is through refinancing your first mortgage. With a home equity, the borrower knows what the monthly payments will be for the life of the loan.