We are not salesman, we are mortgage professionals.  We are educated in the day to day changing terms, programs and guidelines.  We give the information (terms & guidelines) about your loan and let the client make the informed decision.  No pressure or sales techniques, just the truth about the specified loan program & terms.

Because we are not the direct lender, we use our expertise to select the best financing options from our pool of the leading wholesale financial institutions.  This enables us to meet the financing needs of each client.  This includes finding the lowest down payment, the lowest interest rate, and the longest term to fit your financial needs.
 

If you currently own a home or want to become a homeowner and are looking for useful information, our company website of www.openhomemortgage.com is available with all sorts of information on how to accumulate a down payment, things to avoid, mortgage calculator, and more.

If you are in the process of buying a home or if you want to refinance your current home, we have information on Open Home Mortgage's Inc loan process.  This gives you information on the mortgage Pre Qualification, The Application Process, Loan Closing activities, and more.

                                                        FHA & CONVENTIONAL LOANS

                                                               *Purchase Loans  
                                                                              *Refinance Loans  
                                                                     *Debt Consolidation Loans 
                                                                        *Cash Out Refinances 
                                                                 *Investment Property Loans 
                                                                   *Home Rennovation Loans 
                                                                 *1st Time Homebuyer Loans 
                                                                           *Zero Down Loans 
                                                                               *Option ARMS 
                                                                   *Adustable Rate Mortgages 
                                                                             *Interest Only Loans 
                                                                *40 year Ammortization Loans 
                                                                             

Why a FHA Loans?

There are lots of good reasons to choose an FHA loan, especially if one or more of the following apply to you:

• You're a first-time homebuyer
• You don't have a lot of money to put down on a house
• You want to keep your monthly payments as low as possible
• You're worried about your monthly payments going up
• You're worried about qualifying for a loan
• You don't have perfect credit - even one day out of Bankruptcy

You're worried about what will happen if you fall behind on your payments

If any of these things describe you, then an FHA loan may be right for you. Why? FHA-insured loans offer many benefits and protections that you won't find in other loans including:

Lower cost: FHA loans have competitive interest rates because the Federal government insures the loans for lenders. Always compare an FHA loan with other loan types.

Smaller down payment: FHA loans have a low 3% down payment and the money can come from a family member, employer or charitable organization as a gift. Other loan programs don't allow this.

Easier qualification: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.

Less than perfect credit: You don't have to have perfect credit to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan.

More protection to keep your home: The FHA has been around since 1934 and will continue to be here to protect you. Should you encounter hard times after buying your home, the FHA has many options to help you keep you in your home and avoid foreclosure.

The FHA does not give money to people for a home and it does not set the interest rates on mortgages it insures. FHA insures loans for lenders against defaults. For the best interest rate and terms on a mortgage, you should compare mortgages from several different lenders. An FHA-approved lender can help you start the loan application process.

You may use an FHA-insured mortgage to purchase or refinance a new or existing 1-4 family home, a condominium unit or a manufactured or mobile home (provided it is on a permanent foundation).

Featured Programs:

                                $0 DOWN FHA Program

Saving to buy a home, whether it is a first home or the third, can be a difficult task.  For many potential home buyers, not having sufficient money to cover the closing costs and down payment is the difference between renting and owning a home.  However, many non-profit and public charity organizations - AMERIDREAM - have been created to assist first time home buyers, low to moderate income families, and general home buyers with the purchase of a home.

The down payment assistance is provided in the form of gift funds which means that the money does not have to be repaid.  Though there are several organizations that provide these gifts, the differences among them are minor. Qualified home buyers can receive between 1% to 5% towards the purchase of the home. The home buyer may be required to have additional savings in the bank. However, the home buyer must use an approved mortgage lender, an approved real estate agenti, and qualify for an FHA home loan.

Qualifying for down payment assistance is as easy as 1, 2, 3

1)Contact us to begin the qualifying process.

2)We will put you into contact with an approved real estate agent (which may vary from program to program) to assist you in finding a qualifying house.

3)Close and move.

AmeriDream Charity, Inc. is a non-profit corporation that provides down payment assistance to low and moderate income home buyers who demonstrate the need for financial assistance.  Down payment assistance is provided directly to the home buyer as a gift that does not need to be repaid.

How it works:

Potential home buyers must first qualify for an eligible home loan through an approved FHA mortgage lender (such as Open Home Mortgage).  Upon qualifying, we will begin the application process for the home loan grant and the home buyer will be referred to an approved real estate agent (if not already) to begin finding a home that qualifies under the program guidelines (see below).  Once an offer is accepted from the seller, open Home Mortgage, real estate agents and title/escrow company finish any remaining steps to include a title search, inspections, appraisal, etc. prior to the designated closing date on the real estate contract. Gift funds are wired to the title/escrow company and the home buyer closes on the transaction.

Program Guidelines:

Sarah Wiessman: 

I had a chance to review all of the loan material this weekend (because it was difficult to look over everything we signed at the closing) and we think everything looks great. We are very pleased with how easy the refinancing process was and excited to be saving a little extra money each month. It has been a real pleasure working with you. I appreciate your promptness and attention to detail & communication. I look forward to our next meeting either through another refinance or the purchase of our next home.

Fred Rutledge:

The first time I talked on the telephone to you, I felt I had known you for a long time the way you discussed my questions regarding the mortgage programs. This was a big step for me to take at my age of sevenity-two. I thank you for your truthful answers.  When you were having me sign the many documents needed by various departments you explained the "why's and what-fores" they were needed for. Thank you again for all your help, you took the stress out of the whole process!

Robert Tancretti:

Extremely personable and have a great sense of humor! I really liked the fact that he was excellent at putting things in "layman's"" terms; as a first time home buyer I needed this!

Mary L. Jensen:

I would like to start by thanking you and all the staff at Open Home Mortgage for helping me through what has been a very difficult time.  Throughout you have all been professional, efficient and, perhaps most important of all, understanding with outstanding communication. I needed a mortgage as quickly as possible (7 days) and this is exactly what you delivered. I would not hesitate to recommend Open Home Mortgage to anyone who requires a mortgage with friendly and well communicatesd expert support throughout.

Thanks again