Johnson Mortgage Company: A Review of Its Mortgage Products and Loan Options

Are you in the market for a new home or looking to refinance your current mortgage? But you want to find a good and reputable lender? Then you should read this Johnson Mortgage Company review.  In this comprehensive Johnson Mortgage Company guide, we’ll take a closer look at what they have to offer and why it may be the perfect choice for your next home loan. So, let’s start!

Johnson offers both fixed-rate and adjustable-rate mortgages (ARMs), as well as conventional loans, USDA loans, FHA loans, VA loans, and also refinancing options. 

As for fees, Johnson is middle-of-the-road when compared to other lenders. You can expect to pay an origination fee of 1% – 2% of your loan amount, as well as certain third-party fees like appraisal and title insurance. These fees will typically be rolled into your loan balance so you don’t have to pay them upfront out of pocket.

How much money can you borrow from Johnson Mortgage Company

If you’re looking for a mortgage loan from Johnson Mortgage Company, you may be wondering how much money you can borrow. The answer to this question depends on a number of factors, including your income, your credit score, and the value of the property you’re looking to purchase.

Johnson Mortgage Company offers a wide range of mortgage products, so there’s likely to be a loan that meets your needs. Loan amounts start at $50,000 and go up to $1.5 million for qualified borrowers.

To get an idea of how much money you can borrow from Johnson Mortgage Company, it’s best to speak with a loan officer. They’ll be able to review your financial situation and give you an estimate of the loan amount you may qualify for.

Johnson Mortgage Company Pros & Cons

If you’re thinking about working with Johnson Mortgage Company, it’s important to be aware of both the potential pros and cons of doing so.

On the plus side, Johnson Mortgage Company offers a wide range of services available, which can make the mortgage process a lot easier for borrowers. Additionally, their customer ratings are very good. 

There are some potential drawbacks to consider as well, however. For one thing, Johnson Mortgage Company is not a BBB or HUD accredited company. This can present a big problem since it can impact on their credibility. On top of that, they also don’t have any interest rates disclosed on their website. 

Pros:

• Bog array of loan options
• Good loan terms 
• Good ratings

Cons:

• Not BBB accredited 
• Not HUD accredited 
• No interest rates disclosed 

What is the longest loan term you may obtain from Johnson Mortgage Company?

Johnson Mortgage Company offers a variety of loan terms to suit the needs of its borrowers. The longest loan term available from Johnson Mortgage Company is 30 years. This lengthy loan term provides borrowers with the lowest monthly payments and the maximum amount of time to repay their mortgage. 

However, borrowers should consider their individual needs when choosing a loan term from Johnson Mortgage Company, as there are also 10, 15, 20 year terms. Generally speaking, these are considered very good loan terms. 

What mortgage rates do Johnson Mortgage Company offer?

Johnson Mortgage Company rates as we have mentioned are nowhere to be seen on their website. This is a major problem, simply because their potential clients will not be able to know what to expect regarding the interest rates until they actually send an inquiry.
We, however, did manage to find that they are an average interest rate lender in comparison to other lenders that offer the same or similar loans. Overall, we do suggest you find a lender that will be fully transparent with you. 

What is the estimated funding time?

When it comes to funding time, Johnson Mortgage Company is estimated to take around 30 to 45 days. This is a bit longer than some of the other companies out there, but it is still within the realm of what is considered normal. 

One thing to keep in mind is that this company does offer FHA and VA loans and they tend to take longer to be issued than conventional loans. Generally speaking, this is considered an average funding time in comparison to other lenders of the same borrowing options. 

Do they charge mortgage origination fees?

Yes, Johnson Mortgage Company does charge mortgage origination fees. These fees are typically a percentage of the total loan amount, and can range from 0.5% to 1% or more.
Origination fees cover the cost of processing and underwriting a loan, and are generally paid by the borrower at closing.

Does Johnson Mortgage Company charge prepayment fees?

Johnson Mortgage Company does not charge prepayment fees. You may prepay your loan in full or in part at any time without penalty. Generally speaking, prepayment fees are typically charged by lenders when borrowers pay off their loans early. 

These fees can vary depending on the lender, but they typically range from 1-5% of the loan balance. So, it’s good that you will not have to pay any prepayment fees with Johnson Mortgage Company. 

What mortgage programs are available?

There are a number of different mortgage programs available through Johnson Mortgage Company. These include fixed rate mortgages, adjustable rate mortgages, and the following:

• Conventional
• FHA
• VA
• USDA

So in case you are looking for government backed-up loans they offer a great variety of those.

What property usage types does Johnson Mortgage Company allow?

The Johnson Mortgage Company offers a variety of mortgage products for both home purchase and refinance loans. These include fixed-rate mortgages, adjustable-rate mortgages, jumbo loans, and government-backed loans such as FHA and VA loans. 

Here is the following list of the usage types they offer:

• First time home buyers
• Primary home residence 
• Secondary home residence 
• Townhouses
• Condominiums 

How do people rate the customer service and user experience?

Johnson Mortgage Company has a team of mortgage professionals who are ready to help you with the purchase or refinance of your home. 

User experience is important to Johnson Mortgage Company. They want to make sure that their customers have a positive experience when they work with them. That’s why they offer excellent customer service. Their team is friendly and knowledgeable, and they’re always willing to help.

Overall, the Johnson Mortgage Company ratings are very good and many customers are very pleased with them. Their online ratings are 4,2 out of 5 stars, which is considered amazing. 

And in case you want to work with more reliable lenders, feel free to reach out. We are more than happy to assist you in finding the most suitable lender for your needs. 

Contacts of Johnson Mortgage Company

Johnson Mortgage Company is based in Newport News in Virginia. In case you are interested in working with them, we will provide you with their phone number and as well their email. You can also reach them directly over their website, where you fill out an application.
Office location: 739 Thimble Shoals Blvd, Suite 507 Newport News, Virginia 
Phone number: 7578731287
Email: [email protected]

Availability of Johnson Mortgage Company

In case you are interested in working with the Johnson Mortgage Company, remember that they are based in Virginia and they also only operate in Virginia. With that said, we will provide you with their office locations.

Newport News

739 Thimble Shoals Blvd, Suite 507

Newport News, Virginia

Williamsburg

217 McLaws Circle, Suite 1

Williamsburg, Virginia

Fredericksburg

4210 Plank Road

Fredericksburg, Virginia 

Johnson Mortgage Company Summary

• Johanson Mortgage Company has been in business for over 20 years and is based in Newport News, VA. 
• They offer a good range of mortgage products, including fixed-rate and adjustable-rate loans, as well as VA, FHA, and USDA.
• Even though they have been in business for a long time, the company doesn’t have BBB or HUD accreditation for providing mortgage services.
• When it comes to customer satisfaction, Johanson Mortgage Company ranks above average with a 4.2 out of 5-star rating.

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