An in-depth analysis of the lender Fidelity Funding Mortgage Corp
Is Fidelity Funding Mortgage Corp legit? Throughout this Fidelity Funding Mortgage Corp review, we will provide an answer to that question.
Fidelity Funding Mortgage Corp. might be able to help if your poor credit is keeping you from receiving a loan elsewhere. Applicants with credit scores below 620 are welcome to apply for a loan with Fidelity Funding Mortgage Corp.
Our analysis of Fidelity Funding Mortgage Corp will provide you with all the facts you need to make an informed decision about whether or not to work with this company.
|Loan Amount||It depends on the loan type and state|
|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||FHA, VA, FNMA, FHLMC, USDA, and HECM loans|
|Employment Statuses Considered||Yes|
|Intended Use||Home purchase and refinance|
|Joint Loan Applications Accepted||N/A|
|Property Type||Single-family home, condo, multi-family home, manufactured home, etc.|
|Verification Documents Required||Personal tax return, pay stubs, bank statements, or asset account statements|
How Much Money Can You Borrow from Fidelity Funding Mortgage Corp?
Fidelity Funding Mortgage Corp.’s maximum loan amount is contingent upon your meeting a number of requirements. You’ll need to provide information about things like your present financial condition and the kind of loan you’re seeking for.
To take just one example, Fidelity Funding Mortgage Corp’s maximum conventional loan amount is $715,000. If you want to find out how much of a loan you could get approved for, you need to contact Fidelity Funding Mortgage Corp directly.
Fidelity Funding Mortgage Corp Pros & Cons
- Fidelity Funding Mortgage Corp’s lending programs are adaptable enough to meet the needs of a wide range of homebuyers.
- Fidelity Funding Mortgage Corp. provides a mortgage calculator on their website.
- Fidelity Funding Mortgage Corp’s closing costs and fees are not stated on their website.
- You must first talk to a loan officer to learn more about the services they offer.
- Unfortunately, it’s only available in one US state for now.
What is the Longest Loan Term You May Obtain from Fidelity Funding Mortgage Corp?
Fidelity Funding Mortgage Corp. provides lending options with a great deal of leeway. Borrowers can select among loans with either a fixed or a variable interest rate.
A fixed-rate mortgage has a set length of ten to thirty years, while an adjustable-rate mortgage’s term is variable and can be anywhere from three to ten years. Working with Fidelity Funding Mortgage Corp can allow you to secure a loan on terms that work for you.
What Mortgage Rates Does Fidelity Funding Mortgage Corp Offer?
It is not possible to check the website for the current Fidelity Funding Mortgage Corp interest rates. This leaves us unable to say whether or not their pricing is fair.
Any time a company fails to be transparent with its customers, it should proceed with caution. Get a complete breakdown of the mortgage interest rate and closing expenses before signing any paperwork with Fidelity Funding Mortgage Corp. You should compare rates and terms with different lenders to find the best available offer.
What is the Estimated Funding Time?
Loan funding procedures may vary from one state to the next. Typically, the date of closing is often the same as the day of finalizing the financing. Early delivery is also possible. Loan closings can occasionally be finalized on the same day the buyer signs all required paperwork.
You should contact Fidelity Funding Mortgage Corp’s loan department for an accurate funding estimate.
Do They Charge Mortgage Origination Fees?
Before a mortgage loan can be initiated, an origination fee must be paid to the lender. It’s possible that this rate, expressed as a percentage of the total loan amount, might fall anywhere from 1 to 5 percent. Although lenders who don’t impose such costs on their borrowers are uncommon, they do exist.
Fidelity Funding Mortgage Corp, meanwhile, is not transparent about it. If you have any inquiries or want to know their origination costs, you need to contact one of their loan officers first.
Does Fidelity Funding Mortgage Corp Charge Prepayment Fees?
Mortgage loans, like the great majority of other loans, have prepayment penalties. However, these charges depend heavily on the specifics of the loan, so their size and length will vary widely.
Fidelity Funding Mortgage Corp. does not impose prepayment penalties on Federal Housing Administration or Veterans Administration loans. If you want to know if there are any prepayment fees on your loan, you should contact Fidelity Funding Mortgage Corp.
What Mortgage Programs Are Available?
The following programs may be presented to you by Fidelity Funding Mortgage Corp when you apply for a mortgage loan with them:
FHA loan – The down payment on an FHA loan is only 3.5%, while it is usually 10% or more for a conventional loan. If you’re a first-time buyer or just don’t have a substantial down payment saved up, an FHA loan may be a good option for you.
VA loan – As a token of appreciation for their service, the government grants veterans access to VA Loans, which are mortgages with interest rates below the market average. VA loans typically don’t have credit score requirements and don’t require a down payment or mortgage insurance.
FNMA loan – You can’t get a mortgage from Fannie Mae directly because the company doesn’t make loans.
Lenders (including traditional banks and non-banking institutions like Fidelity Funding Mortgage Corp.) are in charge of taking applications, doing underwriting (checking the client’s income, assets, and property value), and facilitating the closing process. Fannie Mae buys qualified loans from lenders once the loan closes.
FHLMC loan – Instead of making loans to homebuyers, Freddie Mac purchases mortgage bundles from banks and other mortgage lenders. For banks to be able to lend more money to clients, they must first be able to free up cash by selling mortgages in bundles to Freddie Mac as mortgage-backed securities.
Freddie Mac receives the funds from your mortgage servicer every month if your loan is serviced by this program. Your payment will be pooled with others, and after Freddie Mac deducts its fee and any applicable taxes, the remaining balance will be distributed to the investors who purchased the underlying mortgage-backed securities.
USDA loan – If you live in a rural region and have a low or moderate income and are wanting to buy a home that will meet your basic needs, this program may be able to help. This program is designed to assist low-income rural residents in establishing, maintaining, or relocating their primary residences.
HECM loan – The Home Equity Conversion Mortgage (HECM) is an FHA-insured reverse mortgage available to borrowers over the age of 62. Homeowners may access the equity in their properties and turn it into cash with this government-backed loan program.
What Property Usage Types Does Fidelity Funding Mortgage Corp Allow?
Fidelity Funding Mortgage Corp. offers loans for the purchase of property as well as the refinancing of existing mortgages. This property has the potential to either become your family’s permanent dwelling or a refuge for when you go on vacation.
With the help of a loan from Fidelity Funding Mortgage Corp, you can cash out a portion of the equity you’ve built up in your house. Loans from Fidelity Funding Mortgage Corp can be used for the purchase of any kind of property.
How Do People Rate the Customer Service and User Experience?
Fidelity Funding Mortgage Corp is a small mortgage lender serving customers in Florida. They have been in business for more than twenty-eight years at this point.
Fidelity Funding Mortgage Corp is not currently accredited by the BBB. Many consumers continue to associate the Better Business Bureau’s mark of approval with reliability and credibility. Furthermore, Fidelity Funding Mortgage Corp reviews vary widely. This makes it difficult to conclude much about the organization based on user reviews alone.
Fintopi is able to assist you in determining whether or not it is wise to put your faith in Fidelity Funding Mortgage Corp if you are having problems making that decision.
Contacts of Fidelity Funding Mortgage Corp
Fidelity Funding Mortgage Corp welcomes your calls with any more questions you may have about their services. The contact details you’ll need to get in touch with them are all easily accessible on the site.
Fidelity Funding Mortgage Corp phone number is (888) 774-4410. If you wish to apply for a loan immediately, you may also select a loan officer from a list that is offered on their website.
Availability of Fidelity Funding Mortgage Corp
Fidelity Funding Mortgage Corp is an authorized financial company that provides mortgage services in Florida. Fidelity Funding Mortgage Corp is open on weekdays from 9 am to 5 pm. During their posted hours of operation, customers can call customer service at the provided number. As with most businesses, Fidelity Funding Mortgage Corp is not open on the weekends.
Fidelity Funding Mortgage Corp Summary
The following is a summary of the findings from this Fidelity Funding Mortgage Corp Review.
- Lending programs offered by Fidelity Funding Mortgage Corp can be customized to fit the specific requirements of each borrower.
- Fidelity Funding Mortgage Corp. has not been given accreditation by the Better Business Bureau.
- Fidelity Funding Mortgage Corp. interest rate and closing expenses are currently unavailable to the general public.
- At present, Fidelity Funding Mortgage Corp is only available in one US state.
Please let us know if Fidelity Funding Mortgage Corp is not a lender you feel comfortable working with, and we will make every effort to locate a lender who is.
FAQs About Loan Company
1. Who is Fidelity Funding Mortgage Corp’s president?
Fidelity Funding Mortgage Corp’s president is Bob Gilbert. He has more than a decade of expertise as a mortgage expert.
2. Where is Fidelity Funding Mortgage Corp headquarters?
Fidelity Funding Mortgage Corp headquarters is located at 620 N Wymore Rd Ste 220, Maitland, Florida.
3. Who are Fidelity Funding Mortgage Corp.’s competitors?
Fidelity Funding Mortgage Corp’s competitors are Veterans United, LoanDepot, New American Funding, Florida Home Funding, and SunTrust.