Steve made it extremely simple to go through a usually difficult process and helped me in every way possible to make this an easy experience.
JOSHUA F May 10, 2022
Communication was key. Never did I havw to guess what was going on.
HELEN T May 07, 2022
Steve was extremely helpful walking me through this.
TIMOTHY W May 04, 2022
The communication and follow up was fantastic.
GRAIG K Apr 20, 2022
Steve and his team made the whole process so easy! I think I still have PTSD from the original lender that I was pre-approved with. Continuous calls, emails and texts about things that didn't pertain to my situation. Steve gave very personalized service, answered my questions and was very patient!
KELLY H Apr 11, 2022
Steve communicated with me so well. He was always ready to answer questions and was quick to email me back.
ZACHARY A Apr 04, 2022
Steve was able to answer any questions I had and made the process extremely quick and easy.
DALE D Mar 30, 2022
The whole process was smooth and easy
JOSEPH H Feb 14, 2022
Steve and his team at Eustis went above and beyond to provide excellent customer service. Not only did he respond in a timely fashion but answered all questions with confidence and substance. I'm glad I worked with Steve on the purchase of my very first home. I couldn't be happier with the outcome!
JOSEPH D Jan 13, 2022
Steve was very informative and kept us updated all along the mortgage process
JENNIFER B Jan 05, 2022
Steve educated us and made us feel informed and comfortable with every step in this process.
TODD B Dec 29, 2021
It was very quick and I got everything I asked for during the initial conversation.
JILL D Mar 01, 2021
JONATHAN A Feb 26, 2021
ERIK S Feb 22, 2021
Steve is insanely attentive. He answers all my question about things I don't understand when to comes to mortgages and financing. I would recommend any friend or family to work with Steve.
TIMOTHY M Feb 19, 2021
Steve is a pure professional!
MATTHEW M Feb 10, 2021
Steve did an awesome job!
LYNDY A Feb 09, 2021
Very professional and very knowledgeable.
MARTIN J Feb 04, 2021
I felt like i could contact him with questions I had and he clearly walked me through each step of the buying process. I greatly appreciate his help and his kindness!
SHELBY W Feb 04, 2021
JOSEPH D Feb 01, 2021
Steve was very friendly but also professional and I felt like he worked tirelessly to help my wife and I achieve our goal of refinancing. He made such an impression that I have and will be sending people his way if I hear of a need. Before reaching out to Steve I attempted to work with another company and they just didn't seem to want to help.
TIMOTHY C Feb 01, 2021
Steve was very helpful in the whole process was quick.
ANDREW J Jan 25, 2021
Steve was very easy to communicate with and we didn't run into any issues throughout the process.
MEGAN A Jan 25, 2021
This is the second time I have worked with Steve Garrott for mortgage financing. Steve, is patient when answering questions and has kept me in the loop during the entire process. Steve is a wonderful asset to Signature Mortgage!
TODD T Jan 25, 2021
Steve is a true professional, made our refi easy and is very knowledgeable. He was always quick to respond with any questions. We highly recommend him and Signature Mortgage.
LAURANCE C Jan 24, 2021
Steve was a pleasure to work with. He was always available to answer any and all of my questions. I would certainly recommend using his services.
BARBARA J Jan 22, 2021
yoy addressed ALL my issues when they came up and always returned my phone calls
KATHLEEN J Jan 22, 2021
Great service timely responses and friendly discussions.
TOBIN M Jan 22, 2021
Excellent service! Highly recommended!
SHERI S Jan 22, 2021
Steve was great to work with. He is quick to reply with answers to questions. He made the entire process very smooth.
BENJAMIN H Jan 15, 2021
Steve was accessible,helpful and supportive. Couldn't ask any more.
BRUCE W Jan 14, 2021
Steve was very knowledgeable and efficient in our loan process. He led us through the entire process smoothly and without so much as a glitch. I will definitely recommend him to friends and neighbors
ROBERT L Jan 11, 2021
Steve is a true professional
MICHAEL Z Dec 31, 2020
Steve is always a pleasure to work with. He makes the process as easy as possible.
ZACHARY T Dec 30, 2020
Steve was great to work with. Answered all my phone calls and emails promptly. Which is hard to find in this world. Looking forward to doing business with you again Steve thank you very much
JOSHUA L Dec 29, 2020
Steve was great to work with. He answered our questions promptly and was always available
JENNIFER L Dec 28, 2020
He did everything he could to work with me getting this done.
NICHOLAS H Dec 28, 2020
Just an overall great experience! Everything went quickly and smoothly and all questions were always answered. Would recommend to anyone.
DENNIS E Dec 27, 2020
Everyone was very accommodating and friendly.
NICOLE J Dec 26, 2020
Steve did an awesome job! Very informative and helpful
RYAN S Dec 22, 2020
Steve made everything easy for us . Thanks again
DOUGLAS A Dec 15, 2020
He followed up in a timely manner and broke it down so you could understand all the terms.
JESSICA H Dec 12, 2020
Steve was extremely knowledgeable and helpful throughout the entire process of our refinance!
We would highly recommend using Steve for your refinancing!
MATTHEW P Dec 09, 2020
Very informative, took his time to explain everything, very timely on all callbacks and meetings. Very personable.
LISA M Dec 08, 2020
Steve provided excellent service, communication, and support during the process. He followed up in a timely manner, made sure we understand all aspects of the process, and was very courteous.
TIMOTHY M Dec 07, 2020
Overall excellent experience working with Steve Garrott and Signature mortgage.
JOHN B Dec 06, 2020
We appreciate everything Steve has done for our family!
BRYAN P Dec 05, 2020
Very easy process! Steve is great to work with.
TIFFANY J Dec 05, 2020
Didn't take long to get a house, got a decent size house,My brother referred my and it was a good decision
JONATHAN J Dec 04, 2020
Steve did a fantastic job from beginning to end of our home buying experience! From getting our preapproval to us quickly to answering every question we could think of. I couldn’t recommend him enough to anyone else looking for a mortgage consultant
BRIANNA G Dec 04, 2020
Steve made the refinancing of our home an easy and non-stressful experience!
JENNIFER A Dec 04, 2020
Steve was always available for questions and got my loan processed as quickly as possible
JULIE M Dec 03, 2020
Good communication between Steve’s and myself. He always followed up in a timely manner. He recommended patriot title which was very good and helpful. All the staff at patriot title were very helpful. Steve was able to guide me and was very friendly.
PEGGY R Nov 19, 2020
Steve was very patient as I tried to find a home in a very scarce market. He was easy to reach whenever I had a question and always got back to me very quickly. I will gladly work with him again in the future.
ROBERT J Nov 16, 2020
Working with Steve is always great. He is knowledgeable, patient and always looks out for what’s best for his clients, while giving them the most information possible allowing them to make informed decisions.
JOHN E Nov 04, 2020
Great experience. Steve was a pleasure to work with, and responded very timely during the process. Would absolutely recommend his services.
JASON A Nov 02, 2020
Steve answered all my questions and responded quickly to my emails and/or phone calls. He is very pleasant and trustworthy.
Patriot Title just had one little blip; otherwise, were very good to work with. The closing went smoothly.
PAMELA A Nov 02, 2020
ARTHUR E Oct 25, 2020
Steve was very informative. He explained the paperwork, answered all my questions, and walked me through the entire process. Steve even came to my work to meet with me and the title company's notary. To be clear it was STEVE that made my experience Great! Thank You Steve!
CYNTHIA K Oct 18, 2020
Steve made the refinance experience quick and easy! Thank you.
JOSHUA D Oct 16, 2020
Very nice! Thank you.
KEVIN M Oct 16, 2020
My experience was perfect everything went the way it was supposed to go.
JOSHUA M Oct 16, 2020
Steve was on it from start to finish. He kept in constant contact with us, was patient and informative, and earnestly seemed to want to help us get the best interest rate. We couldn't be happier!
MATTHEW A Oct 13, 2020
Steve kept an open line of communication, is very knowledgeable and offered great advice. I am a first-time homebuyer and he was very patient while walking me through the entire process. He was very responsive and made me feel comfortable throughout a process that can be very stressful.
MICHAEL A Oct 13, 2020
Prompt communication ease of the process. Saved me money! I've already recommended to many friends!
CHRISTINE S Oct 07, 2020
This was our second time working with Steve and both experiences were great.
AMBERLYN M Oct 06, 2020
Extremely fast and efficient.
ADAM S Oct 06, 2020
Thanks for the great experience as always
JEFFREY H Oct 05, 2020
We had a great experience with our refinance. Everything happened in the time frame we were told. Steve was always available if I had any questions. Patriot title was also very accommodating
with us. Would definitely refer our friends!
LAURIE H Oct 05, 2020
I always received quick, professional responses from Steve. Thanks!
BETH K Oct 05, 2020
Even with a few hiccups based on a job change, Steve was great in his flexability and getting everything done for us
JUSTIN P Oct 05, 2020
Steve made it simple and easy.
He was great at communicating answering questions and being available
JOSHUA H Oct 02, 2020
Steve was awesome. He went above and beyond to help my family!
Ryan F Sep 23, 2020
Steve was great from start to finish
DOUGLAS K Sep 23, 2020
Fast and efficient. Friendly always answers all our questions for us to understand.
JOSHUA G Sep 22, 2020
Always available and helpful. Got us on the right track
KASEY G Sep 17, 2020
It was a pleasure working with Steve and the staff at Signature Mtg. Everyone was very friendly and made the entire process of my re-fi very easy. I liked the fact that I could do everything directly from my own office.
PATRICIA A Sep 14, 2020
Friendly and knowledgeable. Overall great experience.
JOHN Z Sep 11, 2020
Great communication, support, and patience.
RACHEL A Sep 09, 2020
Steve was great. Responsive and on top of every question. Thanks.
PHILLIP A Aug 17, 2020
I really enjoyed working with Steve. Answered all my questions, and always got back with me to let me know how the progress was doing. He was very professional and very acknowledgeable with his work. Speaks very clearly on the phone. Never had to say , I’m sorry but I could not hear you ! Thats what makes you a great person to to business with!!
STEPHEN C Aug 17, 2020
Great working with Steve AGAIN!
JOHN D Aug 14, 2020
Steve was very helpful and friendly during the whole process.
NATHAN B Aug 14, 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.