“Fuego FC will always have a special place in my heart as well as helping the community achieve home ownership, ” said Local Mortgage Advisor Tony Alvarez. Their Fresno branch is composed of experienced and talented loan officers who share a strong passion for soccer as they do for mortgage lending. RWM Home Loans values their ability to empower communities through building wealth at any stage in the home buying process and continues to cater to its clients throughout each of their home loan journeys. Still have questions about closing costs? Connect with our expert Home Loan Guides who can clarify any further questions you may have.Fuego FC has signed partnership with local mortgage lender, RWM Home Loansįresno, CA – RWM Home Loans serves the Central Valley community by providing accessible home loan options and financial education to those wanting to pursue the dream of homeownership.Īs a community-based home loan provider, they are known to be a friendly face in every area they serve, while giving attention to individuals and families from all backgrounds to assist with their mortgage needs. Once we receive your application, we can estimate how much you’ll need to bring to closing.
Whether you’re buying or refinancing, it doesn’t cost anything to apply for a home loan at Solarity, and you can apply online in just a few minutes. Lenders are required by law to clearly disclose closing costs at the bottom of of the standardized Loan Estimate form, which you can explore here. Lenders must deliver this form within three days of receiving your application.
With Solarity’s flat $1,495 loan origination fee, you would save in closing costs. For example, other lenders typically charge a 1% loan origination fee. The advantage of a flat fee is that no matter how large your loan is, your loan origination fee remains the same, which can save you money at closing. Closing costs consist of lender fees-such as the loan origination fee and discount points-as well as third-party fees, escrow account funds and prepaids like taxes and insurance.Īt Solarity, we offer transparent loan pricing: our loan origination is a flat fee of $1,495 instead of the more common 1% of loan amount. Solarity's expert Vancouver, WA Home Loan Guides will help walk you through the loan options to help you find the one that’s best for you and your particular situation.Ĭlosing costs are the fees and expenses you pay for a home loan and are typically between 2% and 6% of the loan amount. Most lenders offer a wide variety of fixed- and adjustable-rate home loan options (Solarity does!). The introductory rates on ARMs are often lower than their fixed rate loan equivalents. In a "5/1 ARM," for instance, your introductory rate will stay the same for the first five years, and your rate may then adjust up or down each year thereafter. Many ARMs have what is known as an introductory period in which your rate stays the same for a specified amount of time, followed by periodic rate adjustments for the remainder of the loan. If you choose an adjustable rate mortgage (or “ARM”) your rate will likely vary over the life of the loan. A 30-year fixed rate mortgage is one of the most common, traditional types of loans, and can be a particularly attractive option when rates are low.
If you choose a fixed rate mortgage, the rate you lock in during the loan process will be the rate you have for the life of your loan.
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