Bob and his team did a very good job keeping us informed along the process, and most importantly he was able to give us peace of mind by locking the rate and timing this all out perfectly with the close of escrow on the purchase of our new home. We were already facing a volatile real estate market and having to buy our home from 3,000 miles away out of state. Then, the volatile rates were just starting up. Bob and his team handle all this perfectly and all the while collaborating with the rest of those involved tremendously well. I'd recommend Bob Catlin and his team the first chance I get!
CHRISTOPHER W May 04, 2022
The professionalism and speedy response to inquiries and sharing of information made this experience wonderful!!
ROBERT F Apr 16, 2022
Bob did a great job walking us through different options highlighting the pro's and con's. We always felt like he had our interests in mind first. Once we started the process, the team was supportive, cheerful and thorough, ensuring everything was complete and on time to have a smooth closing. Thank you.
ROBERT W Mar 30, 2022
I appreciated Bob and his staff's prompt responses to my questions and desire to ensure that I was comfortable through every step of the process.
KYLE H Mar 24, 2022
Our experience was great. Everything went quickly and smoothly.
JANET M Mar 11, 2022
I have used Bob 2 times and will continue to use/refer him. I know that I will be taken care of when I reach out!
DEREK H Mar 08, 2022
Bob Catlin and the staff are true professionals in the mortgage business. My wife and I found Bob and the team easy to work with and very responsive to our needs. It was a pleasure working with competent and ethical people who put us first as the customer. Thank you!
LARRY M Mar 08, 2022
Bob made everything extremely easy for us - much appreciated!
LINDSAY K Feb 07, 2022
Bob, was professional, knowledgeable, credible, and prompt. The transaction proceeded in timely manner exactly how he stated that it would.
CATHERINE A Feb 25, 2021
From start to finish the process was stress free. Bob did a wonderful job letting us know what to expect every step of the way.
PAUL J Feb 19, 2021
You and your team are phenomenal! It was a stress free process and everything felt streamlined. Thank you all for your help on our refinance.
ANDREW W Feb 18, 2021
STEVEN W Feb 12, 2021
We wanted a quick closing and signature mortgage did a great job working with to facilitate a closing in about 3 weeks!
JAMES A Feb 05, 2021
Very responsive team, great rates and costs, and quick to close!
DAVID M Jan 26, 2021
Bob and the entire Signature Mortgage Team were great. They were always very helpful, professional, and prompt. We will recommend Signature Mortgage to all of our family and friends.
JEFFREY L Jan 25, 2021
Bob’s assistance with helping us to understand everything, his timeliness, and he was easy to get a hold of.
NIKKI M Jan 25, 2021
Our Questions were answered in a timely manner. Everything just flowed smoothly.
TOBIAS J Jan 19, 2021
Easy to work with and quick to respond when questions were asked.
DANIEL R Jan 11, 2021
Easy to do business with!
SCOTT L Jan 09, 2021
DONALD P Jan 03, 2021
From the very first conversation until closing on my house everyone was friendly and so helpful.
TRACIE L Dec 29, 2020
Very easy process. 1st class service.
STEVEN J Dec 27, 2020
Very responsive. Quick turnaround. Made it so easy
TINA R Dec 20, 2020
My good friend referred me to Bob. With the first call to Bob, he moved very quickly for us to get the best rate possible. Being able to do this whole process over the computer was a big help for me as a business owner. He kept in contact as the refi was in process. I would definitely recommend Bob to others.
SCOTT E Dec 14, 2020
Simple and easy process!
PATRICIA M Dec 13, 2020
Very responsive and helpful.
MARYSE A Dec 13, 2020
Bob Catlin and Steve Garrott made the process extremely easy. I have referred numerous family and friends to use Signature Mortgage. This was my third time working with Signature Mortgage. They are the Best!
KELLY A Dec 12, 2020
The electronic forms made the process easy to do from home. Bob's team was quick to get back to us to resolve any issues.
WILLIAM B Dec 11, 2020
A very smooth process. Brian made home buying financing trouble free!
TIMOTHY G Dec 11, 2020
It was a simple process with friendly staff
ROBERT W Dec 11, 2020
Great communication from the entire team. Appreciated the quick close
CHARLES R Dec 11, 2020
Very professional, responsive, and friendly mortgage refinance experience. Would not buy a mortgage from anybody else.
TED G Dec 05, 2020
Everyone was very accommodating and friendly.
PATRICIA L Dec 05, 2020
This is the third time I've used Bob and his staff at Signature Mortgage. Professional and quick! All three time's I have closed in 3 weeks time.
ARON J Dec 05, 2020
It's always great working with Bob and the signature mortgage team. There were some challenges in closing our loan but Bob and team helped us work through them. I can not recommend them highly enough!
JOSEPH A Dec 03, 2020
Bob was super quick to provide us with a pre-approval, and was extremely helpful during the entire financing process.
MEGHANN J Dec 02, 2020
Whole process went smoothly and timely
CATHERINE M Dec 02, 2020
Very helpful and made the process as easy as possible.
CHAD M Dec 02, 2020
CATHERINE A Dec 02, 2020
The entire staff was fantastic, everything went very smooth, and faster than expected. Highly recommend. Splendid experience
CURTIS F Dec 02, 2020
Bob did a great job for us, we got a great rate, quick preapproval, and he made the entire process run smoothly by staying in touch and keeping us updated whenever additional information or documentation was needed. Would definitely recommend him to anyone looking to obtain a mortage or a refinance.
ADRIANE J Nov 22, 2020
Bob was so available and helpful!
HELEN S Nov 22, 2020
DANE L Nov 19, 2020
We had a great experience working with Bob. He did an excellent job explaining the numbers for the refinance and the process with what to expect. All that was in the first phone call in which he answered right away! I really found the process to be seamless and we were kept informed throughout. I would recommend to anyone looking to refinance. Thank you Bob!
MINDY A Nov 02, 2020
Thank you for making the overall process so easy! You and your team were very responsive when we had questions.
ERIKA R Nov 02, 2020
Bob and team made our refinance quick and painless!
LAUREN M Oct 22, 2020
Bob is proactive in contacting me when conditions are beneficial. His staff makes the process effortless
STEVEN M Oct 15, 2020
The ease of online paperwork. Also, Bob is the best!!!
MIRIAM L Oct 12, 2020
Everything was done as it was said, things went quickly with NO surprises. The entire process was very easy. Thank you...
BRENT L Oct 10, 2020
It was just easy. From beginning to end. Great communication. Everyone did what they said they’d do ... on time and on target. I wish everything was that easy and uncomplicated.
COLLEEN M Oct 08, 2020
Professionalism, organized and good communication
MEREDITH A Oct 07, 2020
Fast and easy to refinance
ZACHERY N Oct 05, 2020
CORY T Oct 05, 2020
NANCY K Oct 03, 2020
Very smooth process. Always easy with them.
MARTIN A Oct 02, 2020
The whole process is smooth and efficient. Bob and his company use technology effectively and make things easy. There is no monkey business or last minute surprises.
I have refinanced with SMC 4 times and I have recommended them to several friends and associates
KRISHNA N Sep 28, 2020
Excellent and thorough service
JILLIAN K Sep 26, 2020
This has been the best experience I ever had with refinancing my house. Patriot title has a well respect and agency This experience has been outstanding due to all of the help and guidance from Bob Catlin. Everyone involved in the loan process did an outstanding job.
ROCCO M Sep 26, 2020
Ease of transaction, paperwork delivery, quick closing. Bob is always a pleasure and easy to work with.
PAMELA A Sep 25, 2020
Bob is so easy to work with. He communicates effectively and explains the situations of what works best in your current situation. His staff was prompt on providing us our documents to fill out and sign. We’ve been working with Bob for over 5 years now and highly recommend him and his company to anyone looking to purchase or refinance a home
MICHAEL A Sep 19, 2020
Fast easy ( could be because of the amount of times we’ve refinanced) but you can’t beat the rate. Thank you for letting us know!
LAURA E Sep 18, 2020
Bob and his staff were great! I will refer them to all my friends and family! Kudos Signature Mtg!
SAMANTHA F Sep 13, 2020
We enjoyed the loyal and trustworthy service.
DONALD L Sep 13, 2020
Bob has saved me hundreds of dollars per month by refinancing twice in the past year. He really has his clients' best interests at heart!
KIMBERLY S Sep 13, 2020
Very timely and informative!
NICHLAUS P Sep 13, 2020
Totally accommodating . Quick follow-up. Reasonable speed to complete the refinance. Flexible and helpful in planning and executing the debt consolidation.
Great folks at Signature and Patriot. They don't get any better.
Bruce and Polly Kennedy
Nobles Pond Community
BRUCE E Sep 13, 2020
Bob and his staff at Signature Mortgage are second to none! Very knowledgeable, professional and efficient. The communication throughout the process was incredible and put my mind at ease. HIGHLY recommend them! Great rates and low fees.
RODNEY M Sep 13, 2020
Bob always looks out for his customers. When he can make a difference he definitely let's you know. Thanks for everything!!
JEREMY D Sep 06, 2020
This was the most pain feee financial decision I’ve made.
JACQUELINE M Sep 05, 2020
Bob and his team at Signature are the best in the business .
THOMAS B Sep 04, 2020
very professional every step of the way and answered all questions asked. i would recommend them anyone.
KATHLEEN M Sep 02, 2020
The process was efficient and the people were knowledgeable, professional and pleasant to work with!
RENEE F Sep 01, 2020
Appreciate the assistance
STEVEN J Aug 23, 2020
Signature Mortgage makes the process of purchasing, which I did in 2013, and refinancing, this year, a smooth easy transaction.
CYNTHIA L Aug 20, 2020
Thanks so much Bob, for the help establishing the amazing APR and making the process as easy as possible to buy our first home!
JOSEPH J Aug 20, 2020
Bob's the best...
THOMAS L Aug 19, 2020
From beginning to end it was a smooth process. The friendly staff was always very quick to respond to my questions / concerns. Every time I've met with Bob Catlin for mortgage or refinancing needs he has met or exceeded my expectations.
THOMAS D Aug 18, 2020
Friendly, knowledgeable staff. Quick response time to questions.
PAULETTE F Aug 17, 2020
Bob has been great to work with every time we have needed him... from initial mortgage to refinancing!
GREGORY B Aug 17, 2020
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 of less 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.