Crestmark Mortgage Company: A Detailed Analysis Of The Lender
Is Crestmark Mortgage Company legit? During the course of this analysis of Crestmark Mortgage Company, we will provide a response to the mentioned question.
Crestmark Mortgage Company could help you if you have had problems in the past locating the appropriate mortgage option. There is a wide range of financing options available, so you can find one that works for you.
Our Crestmark Mortgage Company review will give you all the details you need to determine if this company is the best fit for you.
|Loan Amount||It depends on the loan type|
|Loan Terms(Years)||3 to 30 years|
|Credit Score Range||580 and above|
|Prepayment Fee||It depends on the loan type|
|No Origination Fee||It depends on the loan type|
|Mortgage Programs||Conventional loans, FHA loans, VA loans, Renovation loans, etc.|
|Employment Statuses Considered||Yes|
|Intended Use||Home purchasing, refinancing, renovation, and construction lending|
|Joint Loan Applications Accepted||N/A|
|Property Type||Single-family home, townhouse, condo, multi-family home, etc.|
|Verification Documents Required||Personal tax return, pay stubs, bank statements, or asset account statements|
How Much Money Can You Borrow from Crestmark Mortgage Company?
The maximum amount of a loan you can acquire from Crestmark Mortgage Company depends on meeting certain requirements. Your present financial status and the specific loan product you’re interested in are two examples of such criteria.
To give just one example, the maximum amount you can borrow from Crestmark Mortgage Company using a conventional loan is $726,200. To find out how much of a loan you may get from Crestmark Mortgage Company, you need to contact them directly.
Crestmark Mortgage Company Pros & Cons
- Crestmark Mortgage Company’s loan programs are adaptable enough to meet the needs of a wide range of homebuyers.
- Crestmark Mortgage Company closing costs and fees are not disclosed on their website.
- You’ll need to speak with a loan officer in order to learn more about the services they offer.
- Unfortunately, at this time, it is only offered in one US state.
What is the Longest Loan Term You May Obtain from Crestmark Mortgage Company?
The loan programs made available by Crestmark Mortgage Company are highly adaptable. You can choose between a fixed-rate loan and a loan with a variable interest rate.
The length of a fixed-rate mortgage is set in stone and can be anywhere from 10 to 30 years, whereas the term of an adjustable-rate mortgage can vary anywhere from 3 to 10 years. You can get a loan with terms that work for your specific situation if you work with Crestmark Mortgage Company.
What Mortgage Rates Does Crestmark Mortgage Company Offer?
The current Crestmark Mortgage Company interest rates are not posted online. So, we can’t say for sure if their pricing is fair.
Customers should be wary of a corporation that isn’t transparent with them. Make sure you completely comprehend the rates and closing expenses of a mortgage loan with Crestmark Mortgage Company before signing any paperwork. You should also check the rates and terms given by other lenders to choose the best one for you.
What is the Estimated Funding Time?
The process of getting a loan funded can vary from state to state. There is usually no delay between the date of closing and the day on which funding is secured. Furthermore, it’s possible that this could arrive a day early or a day late. A loan closing might sometimes take place on the same day that the buyer signs the loan documentation.
Getting in touch with a loan expert at Crestmark Mortgage Company is the best way to find out the actual funding time.
Do They Charge Mortgage Origination Fees?
All lenders, regardless of who you choose with, will charge you an origination fee to get your mortgage started. It could be anywhere from one percent to five percent of the total loan amount.
Crestmark Mortgage Company, on the other hand, is keeping this detail to itself. Contact them through phone or mail if you have any questions or would like to acquire this information.
Does Crestmark Mortgage Company Charge Prepayment Fees?
Prepayment penalties apply to mortgage loans, as they do to the vast majority of other loans. The amount and duration of these costs, however, will vary greatly based on the particulars of the loan.
With regards to FHA and VA loans, prepayment penalties are not charged by Crestmark Mortgage Company. Talk to a representative from Crestmark Mortgage Company to learn if prepayment costs are associated with your loan.
What Mortgage Programs Are Available?
Numerous mortgage options for both purchase and refinancing are available from Crestmark Mortgage Company.
Private mortgage insurance is necessary for borrowers who put less than 20% down on a conventional mortgage. The federal government does not back conventional loans, thus the lender takes all the risk if the borrower stops paying. Lenders have stricter underwriting standards for these types of loans because of the increased risk involved.
First-time homebuyers benefit greatly from the FHA financing program since the program’s lower down payment requirement compares well to conventional loans. The FHA’s more lenient credit standards make them a viable choice for borrowers with credit issues or worse credit scores than those of conventional mortgages.
There is a chance that the Veterans Administration will offer better credit terms to people who served in or are currently serving in the United States military forces (VA). Crestmark Mortgage Company claims to be able to assist you in locating the most suitable mortgage loan program, regardless of whether you are wanting to purchase a new house or refinance your present one.
Possibly you’ve located the ideal area and a home that needs some work. Or perhaps you’ve simply grown tired of your dated home and are ready to make some changes. You understand the opportunity but worry about the expense. If you own a house that could use some work, a loan for renovations could be the solution you’ve been looking for.
What Property Usage Types Does Crestmark Mortgage Company Allow?
Crestmark Mortgage Company offers mortgage loans for both purchasing and refinancing existing homes. Depending on the homeowners’ preferences, this home can either be their primary abode or a seasonal getaway.
Both fixer-uppers and long-term residences are eligible for home improvement loans also. Loans are available for any reason and can be used to purchase any kind of property.
How Do People Rate the Customer Service and User Experience?
Crestmark Mortgage Company is a small mortgage lender serving customers in four different Texas locations. They’ve been in business for 17 years.
The Crestmark Mortgage Company has not yet achieved BBB accreditation. For many consumers, seeing the Better Business Bureau’s certification seal is still a reassurance that a business will provide reliable service.
In addition, Crestmark Mortgage Company reviews have been all over the place. This makes it tough to draw solid conclusions about the organization based on consumer reviews.
Fintopi can assist you in making your decision if you’re unsure whether Crestmark Mortgage Company can be trusted.
Contacts of Crestmark Mortgage Company
If you have any additional inquiries regarding Crestmark Mortgage Company’s offerings, feel free to give them a call. Their website provides easy access to their contact details. Crestmark Mortgage Company phone number is 713-744-1200. Additionally, if you want to apply for a loan immediately, you can select a loan officer from the list that is supplied on their website.
Availability of Crestmark Mortgage Company
Crestmark Mortgage Company is an authorized financial company that provides mortgage services in Texas, USA. Crestmark Mortgage Company typical’s business hours are 9 am to 5 pm, Monday through Friday.
During normal business hours, you can reach the customer service team at the number provided. Crestmark Mortgage Company does not have weekend business hours.
Crestmark Mortgage Company Summary
This Crestmark Mortgage Company Review has come to the following conclusions:
- The loan programs offered by Crestmark Mortgage Company can be tailored to the specific requirements of each individual customer.
- Crestmark Mortgage Company does not hold any certification from the BBB.
- It is unclear what Crestmark Mortgage Company will charge for closing charges and what interest rate they will offer.
- Only four U.S. cities have been added to Crestmark Mortgage Company’s list of service areas thus far.
Please let us know if you don’t think Crestmark Mortgage Company is a good fit for you, and we’ll do our best to help you find a different lender who is.
FAQs About Loan Company
1. Does Crestmark Mortgage Company report to credit bureaus?
According to the information provided in their privacy policies, Crestmark Mortgage Company does submit reports to credit reporting agencies.
2. Is Crestmark Mortgage Company legit?
The mortgage services offered by Crestmark Mortgage Company are legit, and the company is based in Texas.
3. Is Crestmark Mortgage Company a good company?
Since Crestmark Mortgage Company holds the necessary licenses to conduct business, they are a good company.