Easy answers to our most common questions

Home is where the heart is, and at Assurance Financial we’ve been taking your heart seriously for nearly two decades. We love what we do! Providing you with the trust, service, and ease of today’s digital application processes, we are an end-to-end solution for your mortgage needs.

Additionally, we are a lender, not a broker. That means we handle your ENTIRE loan in-house. From origination to underwriting to the closing table, we are there every step of the way.

Assurance Financial uses one of the leading mortgage application technologies in the industry which processes over 100,000 loan applications per month. The technology is used to close nearly $1 Billion in loans every day! It is fully integrated with nearly 1,500 banks across the country in a secure environment.

Getting pre-qualified before you begin house hunting allows you to know how much house you can realistically afford. Your Loan Officer will help you decide which loan program best fits your situation.

Additionally, having a letter of pre-qualification may shorten the time between contract to close when you’ve found “the one”. You’ll be a few steps ahead of the game already. Not to mention, it may give you the upper-hand when negotiating the price, or if there are multiple offers on the table. It shows you are a serious, qualified buyer. So, start with us, and then we can refer a Realtor to you or work with yours to make your homeshopping experience efficient.

We offer many types of home loans to suit your lending needs:
- Looking to purchase – Conventional, FHA, VA, USDA RD
- Looking to refinance – Conventional Refinance
- Looking to build a custom home, buy in a development, or update your current home – Jumbo, Construction (1- and 2-Time Close)
- Looking for down payment assistance or to buy a vacation home or investment property - Non-QM, DPA

To apply for a loan with Assurance Financial, it's a good idea to have the following documentation handy. We may need:
- Last 2 years’ complete personal filed tax returns
- Last 2 years’ business tax returns including all K1’s and 1099’s (if applicable)
- Most recent pay stubs showing a 30-day pay period
- Copy of valid driver’s license
- Last 2 years’ W2s
- Most recent 2 months’ bank statements

Whether you have excellent or imperfect credit, today's loan opportunities are more flexible than ever. There's a possibility there is a loan product that will work for your current situation. Just ask us!

You rarely need a 20% down payment. There are many programs that will work with 5%, 3.5%, and even 0% down. There are also programs to assist with down payment and closing cost expenses.

If you’re a home buyer with a lot of money saved in the bank, making the biggest down payment possible can be sensible. This is because, with a large down payment, your loan size shrinks, reducing the size of your monthly payment. You can also eliminate private mortgage insurance required on loans with less than 20% down.

A pre-qualification informally determines the maximum amount you are eligible to borrow. You’ll supply an overview of your financial history to the lender, including income, assets, debts, and credit score. It’s not a guarantee of a loan, but it’s a great idea to get one before you start looking at homes to know how much you can afford. Also, when it comes time to make an offer, you’ll have what you need to give sellers confidence that you’ll be approved for a loan.

A pre-approval is similar, but it usually requires documentation and verification proving your income, assets, and debts, as well as a credit check.

To pay your mortgage online visit our online payment portal.

To find a loan officer in your area, visit our loan officer search area and enter your zip code to find an experienced loan officer who can assist you today!