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Vellum Mortgage

How Interest Rates Affect Your Affordability
How Do Interest Rates Affect My Purchase Power?
How Do Interest Rates Affect My Purchase Power? 1024 536 Vellum Mortgage

Nothing affects a home’s affordability more than interest rates. After all, we live with the monthly payment, not the amount of the loan. The higher your mortgage rate is, the higher your monthly payments are going to be. Buying power, simply put, is the amount…

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Is a Mortgage Pre-Approval Necessary to Make an Offer on a Home?
Is a Mortgage Pre-Approval Necessary?
Is a Mortgage Pre-Approval Necessary? 1024 536 Vellum Mortgage

Do you need a mortgage pre-approval letter to make an offer on a house? You know you need to get your ducks in a row before looking at homes, but does that include securing a pre-approval letter from a lender? The truth is, getting pre-approved…

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We're Hiring a Mortgage Underwriter
Residential Mortgage Loan Underwriter
Residential Mortgage Loan Underwriter 1024 536 Vellum Mortgage

Job Summary: We are seeking a Senior Underwriter to partner with our loan origination staff in the creation of high quality, insurable mortgage loans. The Senior Underwriter will evaluate collateral and credit packages for mortgage loans covering all levels of complexity, including manually underwritten files.…

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Conforming & VA Loan Limit Changes for 2020
Conforming & VA Loan Limit Changes for 2020
Conforming & VA Loan Limit Changes for 2020 1024 536 Vellum Mortgage

FHFA Announced Increase in Conforming Loan Limits for 2020 The Federal Housing Finance Agency announced that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000. In most of the U.S., the 2020 maximum conforming loan limit will…

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Top Tax Benefits of Owning a Home
Top Tax Benefits of Owning a Home
Top Tax Benefits of Owning a Home 1024 536 Vellum Mortgage

Owning a home will often be the most expensive and important purchase you will make in your life. To encourage home ownership, the IRS has provided several tax breaks for owning a home. Deductions lower your taxable income amount, and include things like mortgage interest,…

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Credit Tips for First-Time Homebuyers
Credit Tips for First-Time Homebuyers
Credit Tips for First-Time Homebuyers 1024 536 Vellum Mortgage

When applying for a mortgage loan, your credit will be one of the key factors in whether you’re approved, and it will help determine your interest rate and possibly the loan terms. It’s a good idea to check your credit before you begin the homebuying…

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Pre-Approval - Verified by Vellum
Verified by Vellum, Your Client’s First Step
Verified by Vellum, Your Client’s First Step 1024 536 Vellum Mortgage

A fully underwritten Verified Pre-Approval by Vellum streamlines the homebuying process and allows your clients to shop with confidence. We are excited to share in the homebuying experience. Gain Confidence & Feel Secure Be able to submit an offer with confidence knowing it provides proof…

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Happy Veterans Day.
Happy Veterans Day.
Happy Veterans Day. 1024 536 Vellum Mortgage
20% Down Payment? Not Anymore!
Grants & Down Payment Assistance Programs
Grants & Down Payment Assistance Programs 1024 536 Vellum Mortgage

A 2017 Zillow survey of 10,000 American adults found that two-in-three people who were then renting identified saving for a down payment as their biggest obstacle to homeownership. If you want to become a homeowner, but you don’t have enough cash for a down payment,…

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101% Yours. No Mortgage Insurance.
101% Yours
101% Yours 1024 536 Vellum Mortgage

101% Financing, No Mortgage Insurance Owning a home is the American Dream! Whether you are a first-time buyer or moving up, we’ve made it easier than ever to get into a new home…even helping with closing costs. We are able to finance 101% of your…

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