I was super impressed with how kind and helpful everyone was. As a first time home buyer I was not quite sure what to expect, but Scott and his team made the entire process very easy!
Natalie L Oct 01, 2022
Very personable and polite with a good attitude. Everyone seemed like they enjoy what they do and that showed through to the ineraction between us. Also everyone worked very hard even after what i think is normal hours to get what seemed like a impossible goal at the time. Would recommend you all without any hesitation to anyone!!
Christopher B Sep 27, 2022
Scott and his team were so great to work with! We will be recommending them to all of our friends!
Olivia C Sep 13, 2022
Really appreciate all the effort to get the deal done quickly and the communication to let me know what was needed to achieve that.
Warren E Sep 11, 2022
Easiest home purchase process ever!
Heather S Sep 07, 2022
Scott was very communicative and encouraging. The team really worked with our situation to help secure the mortgage we needed.
Storm E Sep 07, 2022
Scott and his team make the home buying process a breeze.
Ryan H Aug 23, 2022
The team was quick to answer any questions I had and made the overall experience very comfortable!
Christopher H Aug 03, 2022
Made it easier than expected.
George D Jul 10, 2022
Scott and his team were friendly, respectful and were great with making sure we understood everything which was due to great communication. Scott was available anytime we needed him and delivered on time.
John B Jul 10, 2022
Great communication by Scott and his team.
Scott was available anytime we needed him and given the tight timeframe we had to close he and his team came through on time.
Heather L Jul 10, 2022
The willingness to help, detailed instructions and constant communication were all extremely helpful for us as first time home buyers.
Casey L Jul 05, 2022
Everyone was very eager to make sure we got the loan we needed to buy our condo and was very quick to communicate with us.
Sarah C Jun 20, 2022
Scott was amazing! Made the process very smooth.
Emma S Jun 08, 2022
The entire team communicated every step of the way! They were all so helpful and so awesome. The house buying process was so much less stressful having this team working behind the scenes.
Keith R Jun 01, 2022
The app and communication of documents needed
Frank J May 31, 2022
Scott and his team at Eustice are top notch. The whole process was quick and painless. They don’t treat you as another loan application, they will literally call you just to see how you’re doing. I can not recommend Scott and his team enough.
Austin B May 31, 2022
First off, the fact that you didn't shy away from the fact that we are recently off of a bankruptcy like other lenders did. Most importantly was that regardless of the number of questions or type of question, Scott or one of his team members was always able to answer and help as best as possible.
Adam S May 16, 2022
Great communication and always making sure we understood the process.
Jeremiah D May 06, 2022
Scott, Jennifer and Michelle were very attentive and professional.
David P May 06, 2022
We never have to worry about a thing when Scott and his team are involved. They are very through and great with reminders. We moved to a new state and we were so nervous about buying. Thank goodness Scott’s team is in our state because it made everything so much better! Even the local title company and real estate agents complemented their great work. They know what they are doing and truly are the experts in the industry!
Elizabeth P May 06, 2022
Scott and his team were nothing short of amazing. I work in the ICU and am extremely dedicated to blowing off steam on my off days, and they were always incredibly patient with me and my volatile schedule, and helped me out a great deal as a naive first time home buyer. Everyone was so kind, readily available, and knowledgeable! 11/10 would recommend for all of your home loan needs.
Brittany B May 04, 2022
So easy and time conscious
Joseph G May 02, 2022
Scott and his team went above and beyond to help us refinance and save money. We could not ask for better communication and knowledge from them. We would definitely use them again and recommend them as well.
Jessie H Apr 26, 2022
Scott and the girls were excellent. Always on top of things and had our best interest at heart. I have worked with them before and always come back because I know we are in good hands!
Kristie H Apr 19, 2022
Scott was diligent in his duties and stayed connected through the process. Mrs. Bleakley helped me acquire all the items needed to put my loan package together and was very pleasant to work with. Thank you for your service
Joseph U Mar 31, 2022
The helpfulness and quick response to our questions.
Darrell W Mar 14, 2022
Thank you to the entire team for great communication and help every step of the way.
Pauline W Mar 14, 2022
Scott & his team can close quick! They’re the best!
Robin K Mar 04, 2022
Communication was great. The team is very knowledgeable and always willing to assist and answer any questions. Got the loan approval in 8 days.
Will definitely recommend to family and friends.
Bassem W Mar 03, 2022
The communication from the beginning was fantastic. The team answered every question I had and was always available. I felt confident making offers on homes knowing I would be able to quickly send over my pre-approval letters, and I had no doubt I was in good hands throughout the closing process.
Courtney P Feb 16, 2022
Scott and his team of professionals were able to use their local experience of current markets to ensure our appraisal value was accurate. We would definitely recommend Eustis to others!
David E Feb 16, 2022
Everybody was eager to help
Mary K Feb 16, 2022
Scott and his team were professional, knowledgeable and there when I needed them.
Michael M Feb 09, 2022
Well communicated. Kept the process on track and closed on time. As an investor- that is all I wanted and the team delivered. I will be back in touch
Bradley M Feb 03, 2022
Service was great
Robert R Feb 02, 2022
Scott is a class act ! He stands out form others due to his amazing communication and interested in your desires..
Kevin C Jan 26, 2022
Scott and his team made my entire home buying process so easy! They were available constantly to answer questions and made sure I was happy and super comfortable with everything before closing!! 10/10 would recommend!
Abigail P Jan 13, 2022
Your staff. Jennifer and Michelle
holly t Jan 09, 2022
Personal service and questions answered
Christa B Jan 04, 2022
Scott and his staff
Chris L Dec 14, 2021
Terry L Dec 10, 2021
Your staff were very efficient, professional, and friendly.
Deanna L Dec 10, 2021
Provided and great rate, helpful, good communication
Mallory S Dec 10, 2021
It was great!
Pasko S Dec 09, 2021
Easy, smooth, and quick!!!
Nicholas C Dec 08, 2021
communication throughout process with updates on progress; staff was available for questions or assistance as needed
Monica M Dec 02, 2021
Chad R Nov 29, 2021
See Google review.
Stephanie M Nov 29, 2021
Communication, realistic, and great team for support
Anthoney K Nov 29, 2021
AmbyrShae J Nov 02, 2021
Little to no effort on my part. They made this transaction very very easy. A+ in my book. Highly recommend
Dameion T Oct 29, 2021
Scott and the team were all fantastic to work with. They were friendly, timely, thorough and efficient in helping me through the entire process. I would highly recommend them to anyone and everyone.
Bradford K Oct 20, 2021
Roudolfos K Oct 18, 2021
Fabulous staff, extremely personable, made the process much easier. Jennifer and Michelle are great!! Thank you a much!!
Erin M Oct 14, 2021
Amazing group of ladies. Always available for questions and kept my informed all the way!
Gina A Oct 07, 2021
Quick, dependable service
Jeremy F Oct 05, 2021
Lance L Oct 05, 2021
This is the second time I have worked with Scott and his team.
They made this process as easy as possible. When we hit some unexpected bumps in the road, Scott and his team were on top of it to work with us and come up with creative solutions that met all of our goals. I couldn't recommend Scott and his team highly enough.
Eric H Oct 04, 2021
Our experience with Scott Forte and his team was excellent from the start us inquiring about my refinance to the closing of our loan! We couldn’t ask for more! We are 100% satisfied!
Aaron J Oct 02, 2021
Used Scott and his team for all 3 home purchases and always have a smooth and pleasant experience. I’d recommend him to anyone!
Daniel R Sep 28, 2021
Everything went well and the staff is great!
James B Sep 28, 2021
Scott and his team are very knowledgeable and thorough. The process was smooth and without any pressure, we were able to close within one month. The team organized the appraisal, lending, the title company and closing. I just had to show up!
Jeffrey P Sep 28, 2021
All around wonderful
Sadie B Sep 27, 2021
We were looking at Homes in Covington & Madisonville, Louisiana Area August 2021, and Scott got us Pre-Approved in 24 Hours!!! The application was very easy. Scott was very kind, patient and helpful, along with his Processor. Thanks again , Scott Forte & TEAM FORTE
Ken F Aug 31, 2021
We want to make your home financing as easy as it can be. With Eustis Mortgage, you can relax while we handle the details.
You can get a loan before you even select a home. A Eustis home mortgage specialist can perform a pre-qualification or pre-approval so that you'll have a good idea of how much you can afford. Once you've found a home, and a seller has accepted your offer, you are ready to move to the Application process.
- You will know the loan amount you qualify for so that you know what home price range to shop
- Save time to narrow the list of homes to ones that fit your price range
- Discover any credit challenges early in the process we can resolve them at the beginning of the process
- Confidently make an offer as soon as you find your dream house
- Sellers will consider your offer more strongly with a prequalification letter over one that is not
- Your agent will ask for this as it improves your chances of getting the house you want
There are no fees or costs to getting pre-qualified, but it is a vital step in the home buying process. Call us today!
Prequalification: This is an overview of your credit profile that is an important step to writing offers for new homes and one we highly recommend. It just means that you have not submitted the documentation that will be required to verify your income, financial statements showing enough assets to close and you have not yet met the underwriting guidelines of the program you are going to select once you find the home of your dreams.
Preapproval: If you have a little more time at the beginning of the process, we always recommend getting Preapproved. A preapproval is the start of the formal application process before you find the property and is more thorough review of your financial position and ability to qualify for a home.
Why get Preapproved for a Mortgage?
- You’ll be able to move faster to find the house you want
- Most of the paperwork will be out of the way so you can close your loan faster
- You will be able to move to the top of the offer stack as your income, assets, and ability to buy has been verified
- Sellers know you will be less likely to have a delay in closing
- In competitive markets, this is another feather in your cap
Buying a house is one of the biggest decisions you will make in your lifetime. Our goal is to make the process as smooth and hassle-free as we can. Understanding the process will give you the knowledge you need to get started.
- Step in Getting Prequalified or Preapproved
You can get a loan before you even select a home. One of our home loan experts can perform a pre-qualification or pre-approval so that you’ll have a good idea of how much you can afford. Once you’ve found a home, and a seller has accepted your offer, you are ready to move to the Application process.
Once you’ve selected a home, your home specialist completes the mortgage application, gathers information about the property you want to buy, and collects personal information, such as income, assets, and employment history. For a complete list of information that you need to provide, see the Application checklist.
Once your application is complete, a loan processor reviews your file and verifies your information. We order a credit report to determine your credit history and credit score. We also order an appraisal of the property.
An underwriter reviews your file and determines whether your loan will be granted and issues the loan approval. The underwriter may request additional information during this review process.
Once the loan is approved, the closing process begins. Our closing department prepares closing documents and sends closing instructions to the title agent. The title agent is responsible for examining the title of the property and working with you for an acceptable closing date. At the closing, you’ll sign papers, pay closing costs, and finalize the transaction. Now it’s time to move into your new home.
Lower Payments*. Consolidate Debt. Pull Cash Out.
*By refinancing your existing loan, the total finance charges may be higher over the life of the loan.
First, start by asking yourself one of these questions.
Has your income increased? Do you need to consolidate debt? Has the equity in your home increased? Do you need money for a major expense? Has your credit rating improved?
If the answer is yes to any of these questions than we encourage you to call one of our home loan experts to give you a refinance evaluation. It costs nothing but could save you thousands of dollars in interest, pay off high balance credit cards, or help pay for college or unexpected expenses.
Knowing your options is the most import part of the refinance decision so Call us today!
¬ As you pay down your mortgage or as home values increase over time, a cash-out refinance allows you to use a portion of your equity and turn it into cash. The great news is you can use that cash however you want. Home improvements, unexpected expenses, college tuition or just to check a destination off your bucket list.
When is the best time to turn that equity into your house and use it as you see fit? That answer is up to you and can be used to fit your current needs.
Some of the more chosen reasons for utilizing a cash-out refinance are to:
- Remodel of you home
- Pay off high-interest credit cards or auto loans, neither of which is tax deductible like mortgage interest
- Help with life events like a growing family
- Bucket List Reduction
- Elimination of student debt
A renovation loan will let you do almost anything with your home. Some loans are used on smaller projects like ordinary repairs or cosmetic updates. These types of renovations loans typically don’t have minimum loan requirements for the repairs or upgrades you want to make to your home. These loans are limited to non-structural repairs with maximum loan amounts around $30,000.
With these types of loan, you can improve things like:
- Repairing or replacing your roof and gutters
- Redesigning your kitchen or bath
- Landscaping or adding a deck
- Buying new appliances
- Getting new windows, doors or floors
- Making your home energy efficient
- Upgrading plumbing, electrical, heating or cooling systems
- Ask a home loan expert (bolded and hyperlinked to find a loan officer)
Need to do more extensive renovation? We got you covered!
We have other programs that are specifically intended to make major repairs or changes to your home. These will have a minimum loan amount but the good news is you can borrow up to the value of your property plus repairs/renovation. Here are some examples:
- Room additions or adding a second floor
- Major remodeling that requires structural work
- Foundation or other structural repairs
- Projects over six months
You don’t have to settle for a house that only has half of the items on your wish list. With renovation loan you can buy in the perfect neighborhood and then get all the items on your list without coming out of pocket. This loan allows you to combine the purchase price of the home and the cost of repairs and upgrades into a single mortgage. No second lien at a higher interest rate required. Other benefits include:
- Get a home in a great location below market price
- Getting a bargain on a home allows you to move to a higher priced area of town
- Get more bang for the buck with a larger home
- Opens up your search area
- Your home fits your taste and family requirements
A remodeling home loan allows you to make your current home into your home for the future. These types of loans allow you to roll the costs of the work you do into one new mortgage. No second lien required, most likely at a higher interest rate. Since this is a refinance, you can also capitalize on lower interest rates, move to a shorter loan term and possibly lower payments.
A fixed-rate mortgage offers an interest rate that is steady throughout the life of the loan. Fixed-rate mortgages offer the security of always knowing exactly what your monthly loan payment will be. The interest on ARMs can fluctuate (up or down) periodically. The interest rate on ARMs offers an opportunity to save on interest costs. However, you are protected from rates getting too high, because a safe ARM has annual and lifetime rate caps, which limit how high your rate may go.
This a decision you must make. Here is one way of looking at the question: If you can afford the payment and are comfortable with all the other terms, it makes sense to go ahead and firm it up IN WRITING. Do not be overly concerned if rates fall after you lock. If your objective is to purchase the property, you have eliminated one uncertainty. If you are refinancing, locking the rate guarantees that you will reduce your monthly payments or be able to obtain cash you need for home improvements or other worthwhile goals.
You can lock your rate at application, while your loan is being processed and approved, or any time shortly before closing.
Eustis Mortgage offers lock periods up to six months on some loan programs.
PMI is required for conventional loans with a down payment of less than 20th of the value of the home. You can avoid paying PMI by making a down payment of 20 or more of the value of the property you want to buy.
PMI will be automatically terminated when the loan-to-value ration is scheduled to reach 78 assuming all payments are current. Borrowers can request cancellation of PMI when the loan reaches 78 assuming all payments are current. Borrowers can request cancellation of PMI when the loan reaches an 80 loan-to-value ratio, assuming the loan is current.
How do I know whether the house is in a flood zone, and if so, how can I determine my insurance premium?
Eustis will order a flood certification before loan closing, as required by federal law. However, if you would like to find out if the property you are purchasing is in a flood zone, you can contact your insurance agent or check the local library for updated flood maps. FEMA determines flood risk by comparing your lowest floor level to flood levels from the past 100 years. FEMA bases flood insurance premiums on this information. You may need to get a slab elevation if you are unable to obtain this information from the seller or your local permit office
Annual Percentage Rate (APR) is a calculated interest rate that reflects the overall cost of a loan on an annual basis. APR includes interest payments, origination fees, discount points, and other specific costs of getting a loan and is, therefore, usually higher than the interest rate. APR can be useful for comparing different types of loans. However, while all lenders are required to calculate APR based on guidelines provided by the Truth in Lending Act, not all lenders include the same costs in the calculation. This can make it difficult to compare the APR for loan programs from different leaders.
Points, also known as “discount”, are funds paid at closing so that you can get a lower interest rate for the life of the loan. For example, you may be quoted a rate of 7.375 with 0 points or 7.000 with 1 point. One point is equal to 1 of the mortgage amount.
Closing costs are expenses paid, by both buyers and sellers, at the closing meeting. Closing costs include pre-paid taxes and insurance, discount points, origination fees, title insurance, and other fees that may apply to your loan.
Pre-paid items are hazard/homeowners insurance, taxes, and pre-paid interest. Most insurance is paid in advance, so you will be required to pay for your homeowner’s and flood (if required) insurance policy for the first year in advance. Also, the lender will require you to make a deposit of up to 2 months of payments in order to establish an escrow account.
Many loan programs require that the lender pay the taxes and insurance on behalf of the borrower. Your loan officer can determine if the option to pay taxes and insurance yourself is available on the loan program that is best for you.
MORTGAGE PAYMENT CALCULATOR
Estimate your monthly mortgage payment using the calculator below. Simply enter the purchase price of the home, loan term, and details about the home loan. Please note that escrow for taxes and insurance is not required for loans with down payments more than 20 percent. Some of this information may be difficult to determine on your own; please contact a mortgage specialist to review the most accurate monthly mortgage payment for the area you are purchasing.
Types of Loans
Streamline 203K: This is for projects where total renovations do not exceed $35,000. It is more for minor changes like upgrading HVAC, paint, fixing or replacing roofs, patios, septic systems or remodeling a kitchen. It does not allow for structural changes like foundation work.
Full 203K: This for projects that need to be more expansive in nature and may go over $35,000 in total renovations. It can be used for all the repairs from a streamline, but you can also make structural changes and reconstruction, repair or replace plumbing or use it to improve energy conservation, safety or disabled accessibility.
This is a great option when buying a home that needs a little TLC or you want to make your current home into your forever home.
What can a Homestyle Renovation help with?
- In-ground pools
- Interior and exterior upgrades
- Kitchen or bathroom upgrade
Program Flexibility: Conventional loans allow for different terms and down payment. Meaning you can customize your down payment, whether you have a first and a second or if you want to do one loan with Mortgage Insurance.
Program Flexibility: Conventional loans allow for different terms and down payment. Meaning you can customize your down payment, whether you have a first and a second or if you want to do one loan with Mortgage Insurance.
Loan Limits: Conventional loans are capped at a maximum loan amount of $647,250 for single-family homes unless the property resides in a High-Cost Area of the United States.
Second Liens Permitted: Another difference between conventional loans and the other programs is the ability to add a second lien to assist with down payment requirements. This also is a good option when buying a higher price house and need to go above the maximum financing amount in a non-High-Cost Areas.
For loan amounts over conforming limits and up to $3,000,000.
A VA home loan is a great benefit to military personnel during and after their service. Thank you for your service and sacrifice for our country.
No Down Payment: A VA home loan comes with 100% financing. Contact one of our home loan experts for more details.No Mortgage Insurance: Unlike USDA a VA home loan does not have monthly or annually mortgage insurance.
Certificate of Eligibility Required: In an effort to make sure we use your Veteran Benefits properly borrowers must obtain a Certificate of Eligibility . The VA Benefits portal will be able to help you find this information or contact us and we can assist you in getting the info.
Low Down Payment: FHA loans are great for first time home buyers or home buyers that are working with limited down payment. A down of 3.5% is all that is required and can be a gift from a relative.
Flexible Income Requirements: The original goal in 1934 for FHA loans was to make home ownership possible. One way the program does that is by allowing for more flexible income and credit guidelines.
Loan Limits: FHA does have different maximum loan sizes by area. To learn more click on here to see what the Loan Limits are in your city.
No Down Payment: The USDA loan comes with 100% financing. A down payment is not required which can be an obstacle to homeownership.
Low Monthly Mortgage Insurance: The upfront insurance rate on a USDA is generally lower than VA or FHA. It also has one of the lowest annual mortgage insurance fees. Other good news is the upfront fee can be rolled into the loan, eliminating an out of pocket expense at closing.
Only available in certain geographic areas: To get a USDA loan, the property you buy has to be in a USDA designated rural area, but that does not mean it is necessarily farmed land. Over 90% of the U.S. is eligible, which includes small town and suburbs. The USDA Mortgage Eligible Map will show you all the areas where you can use this loan.
Income Limits: The USDA loan was originally designed fro low to moderate-income families. The guidelines for USDA define income level as being 115% of the area’s median income. This income amount if very different in different parts of the country and can be very different in certain areas of a state. Please contact one of our home loan experts to learn more.
- Fixed Rate and Adjustable Rate
- FHA, VA, and USDA Loans
- Jumbo and Conforming Loans
- Conventional Financing
- Renovation Loans
Special Programs for Non-traditional borrowers also available
100% YES! This one decision will make the home buyer process go much more smoothly. The pre-qualification process is simple:
- Gather your personal financial information such as bank statements, W-2 forms and paycheck stubs, and meet with your Loan Officer.
- We will pull your credit report and evaluate your financial documents. With this information, you and the loan officer are able to discuss the best home financing options that will help you achieve your financial and homeownership goals.
- Once you are prequalified, we will give you a prequalification letter to inform your real estate professional and the seller of the property that you’re a preferred and serious potential buyer. This will give more weight to any offer you extend on a property as well as allow you to relax and enjoy the process of looking for your new home.
- How long will you live in this home? Several years, or just a few?
- Do you anticipate your income or finances to significantlychange over the next few years? Do you anticipate significant changes to your income or finances over the next few years?
- Are you either comfortable or uncomfortable with an adjusting monthly mortgage payment? Have you considered an adjusting monthly mortgage payment?
- Do you plan to be out of mortgage debt by, for example, when your children start college or when you retire?
Based on your answers, your home loan expert can discuss different home loan programs that will suit you financially and help you reach life’s milestones.
An FHA loan, on the other hand, is guaranteed by the Federal Housing Administration. FHA is a government agency that works with approved lenders like us.
Typically, origination points are applied and disclosed at the time of locking in an interest rate. On the other hand, discount points can be added at the time of lock or later in the process if you choose to pay to reduce your interest rate.
Origination fees are the fees required to originate the loan. They can include processing fees, underwriting fees, administrative fees, and several others. One of our Loan Officer can give you a complete breakdown of these fees as they vary from state to state.