An in-depth analysis of the lender Hamilton Mortgage Corporation
Are you looking for a reliable and secure mortgage provider? We all know choosing the right and legitimate lender can be a daunting thing. But there is no need to worry. In this Hamilton Mortgage Corporation review, we will talk about their services, customer support, rates, ratings, and more. So, sit back and read on so you can find out if Hamilton Mortgage Corporation is the best lender for your needs.
Hamilton Mortgage Corporation offers a wide range of mortgage products and services to its customers. They offer conventional loans, VA loans, FHA loans, and USDA loans. On top of that, they also offer adjustable rate and fixed rate loans (ARMs). They are considered an average fee lender with the closing cost common to other lenders that offer these types of loans.
Hamilton Mortgage Corporation is committed to providing excellent customer service to its clients. It has a team of experienced and knowledgeable loan officers who are ready to assist you with your mortgage needs. The company also has an online application process that makes it easy for you to apply for a loan.
|Loan Amount||Up to $1,000,000|
|Loan Terms(Years)||10, 15, 20, 30 years|
|Credit Score Range||N/A|
|No Origination Fee||Yes|
|Mortgage Programs||Conventional, FHA, VA, USDA.|
|Employment Statuses Considered||N/A|
|Intended Use||Home purchase and refinancing|
|Joint Loan Applications Accepted||N/A|
|Verification Documents Required||Tax returns and pay stubs|
How Much Money Can You Borrow from Hamilton Mortgage Corporation?
If you’re wondering how much money you can borrow from Hamilton Mortgage Corporation, the answer is that it depends on a number of factors. These include the value of your home, your credit score, and your income.
Hamilton Mortgage Corporation offers a variety of loan products, so there is likely to be one that meets your needs. The most popular loan product is the 30-year fixed-rate mortgage, which offers predictable monthly payments and peace of mind knowing that your interest rate will never increase.
For those who want to pay off their mortgage sooner, Hamilton Mortgage Corporation also offers 15- and 20-year fixed-rate mortgages. These loans have higher monthly payments but come with the advantage of lower interest rates and shorter terms.
The maximum allied boring amount is up to $1 million. Either way, we do encourage you to speak with your loan officer before putting your name on the dotted line.
Hamilton Mortgage Corporation Pros & Cons
Hamilton Mortgage Corporation like any other lender has its own pros and cons. It’s important to weigh them out and think if you are okay with that before you sign the loan agreement.
One of the biggest pros of working with them is that they have been in business since 1982 and they are a HUD-accredited company. They also offer a wide array of loan options which makes them a good choice for many people. They also don’t have prepayment fees.
On the other hand, they are not a BBB-accredited company even though they have been in business for 40 years. On top of that, their website is not very user-friendly and there are no interest rates disclosed anywhere on it. Another downside is that they do charge origination fees that can be rather expensive.
- HUD accredited
- Long years in business
- A wide array of loan options
- No prepayment fees
- Not BBB accredited
- Have origination fees
- The website is not user friendly
- No interest rates disclosed
What is the Longest Loan Term You May Obtain from Hamilton Mortgage Corporation?
When it comes to finding a mortgage that meets your needs, Hamilton Mortgage Corporation offers a variety of terms to choose from. The longest loan term you may obtain from Hamilton Mortgage Corporation is 30 years.
This term will provide you with lower monthly payments, making it easier to afford your new home. In addition, Hamilton Mortgage Corporation claims to offer competitive interest rates on all of its loan products. So whether you’re looking for a short-term or long-term mortgage, they may have the right option for you.
What Mortgage Rates Do Hamilton Mortgage Corporation Offer?
The Hamilton Mortgage Corporation rates as we have mentioned are nowhere to be seen on their website. This presents a major red flag since you don’t know what to expect and there is a possibility for unpleasant surprises down the road.
With this being said, we do advise you to search for a lender that is fully transparent and that will openly put what interest rates they offer.
What is the Estimated Funding Time?
Assuming you are referring to the average time it takes for Hamilton Mortgage Corporation to fund a loan, the answer is about 30 days. This may vary depending on the type of loan, the borrower’s financial situation, and other factors.
However, in general, Hamilton Mortgage Corporation is able to fund most loans within about a month.
Do They Charge Mortgage Origination Fees?
Hamilton Mortgage Corporation does charge a mortgage origination fee. These fees are either set as a flat fee or a percentage of the loan amount as ate there to cover the costs of issuing the loan to the borrower.
As for Hamilton Mortgage Corp, these fees are from $1,000 to $5,000 depending on the loan amount.
Does Hamilton Mortgage Corporation Charge Prepayment Fees?
Hamilton Mortgage Corporation does not charge prepayment fees on any of its products or services. This allows borrowers to pay off their mortgage early without incurring any additional costs.
Also, this can save quite a bit of money on interest for all of those who can afford to make little extra payments each month.
What Mortgage Programs are Available?
Hamilton Mortgage Corporation offers a small variety of mortgage programs to meet the needs of our clients. They have:
- Conventional mortgage
Even though this isn’t the biggest selection, they do cover the most common types people usually go for.
For more information on any of the mortgage programs they offer, we recommend you visit their website or contact one of their loan officers today.
What Property uUage Types Does Hamilton Mortgage Corporation Allow?
Hamilton Mortgage Corporation offers a variety of loan options for different types of real estate transactions. The company specializes in providing financing for residential and commercial properties, as well as investment properties.
Hamilton Mortgage Corporation offers loans for the following property usages:
- Primary residences
- Second homes
- Vacation homes
- Investment properties
How Do People Rate the Customer Service and User Experience?
The customer service at Hamilton Mortgage Corporation is rated average. They don’t have many positive or negative reviews. They did have a couple of complaints in the past but as we checked, they all have been resolved.
Overall, the clients praise their customer support, saying they are friendly and helpful. Some also said that they are not very satisfied with the loan officers they have worked with. All in all, their rating is 3.9. There is a lot of space for improvement considering they have been in business for a long time.
And in case you want to work with a reputable lender with better ratings, don’t hesitate to reach us, we are more than happy to assist you in your journey to find the right lender for your needs.
Contacts of Hamilton Mortgage Corporation
Hamilton Mortgage Corporation has a lot of office locations. Down below we will list all of their contacts that you can reach them on.
Corporate office location:
2850 19th Street South Suite 300, Homewood City Hall Bldg., Birmingham, Alabama
Other offices’ contact details:
E-Mail: [email protected]
E-Mail: [email protected]
E-Mail: [email protected]
Availability of Hamilton Mortgage Corporation
Hamilton Mortgage Corporation is headquartered in Birmingham, Alabama but they have offices all over Alabama and in Georgia. They have offices in the following places:
Hamilton Mortgage Corporation Summary
- Hamilton Mortgage Corporation is a mortgage broker based in Birmingham, Alabama.
- They have been in business since 1982 and have HUD but no BBB accreditation.
- The company offers 4 different mortgage programs: conventional, FHA, VA, and USDA.
- Their website is not very user-friendly and also lacks some of the most basic information such as interest rates they offer.
- Lastly, they have multiple offices across Alabama and Georgia.
FAQs About Hamilton Mortgage Corporation
1. How to Contact Hamilton Mortgage Corporation?
You can contact them either by phone, on this number (205) 870-7333, or by email: [email protected].
2. Does Hamilton Mortgage Corporation Perform as an Agency or a Lender?
Hamilton Mortgage Corporation performs as an agency as they are a mortgage banker.
3. Does Hamilton Mortgage Corporation Accept People with Bad Credit?
Unfortunately, as their website is quite vague and lacks a lot of information, we cannot answer whether or not they offer mortgages for individuals with bad credit.