Lake Anna Virginia Mortgage: Facts and Information brought to you from Rick Andrews of
HomeFirst Mortgage Corporation®

703-560-9595 randrews009@cox.net

207 S. Alfred St. Alexandria, VA 22314
Main Office (800) 232-1219

Why HomeFirst mortgage?

We will answer any questions about loan programs or the mortgage process before you ever make a mortgage application.

HomeFirst Mortgage is both a mortgage lender and a mortgage broker. We have over 60 other lenders to shop for the right programs to fit your individual financial needs.

Apply Online

Check out our internet site homefirstmortgage.com where you can apply online.

Pre-Approvals

Get pre-approved for mortgage financing. Most realtors want you to be pre-approved for financing before they start showing you homes. They will also submit your pre-approval letter with contract offer on your home.

Complete loan process can be done electronically from start to finish.

Credit Assistance

If you are having credit issues, we can assist you with improving your credit score, so you can qualify for better rates and programs.

Loan Qualification

Full Documentation - These are the only loans available now and must verify income and assets.

Loan Programs

Fixed Rate Loans - Standard fixed rate loans are amortized over 30 or 40 years. This offers a loan payment that can’t change over the term of the loan.

Adjustable Rate Loans - Loans that usually have a lower start rate but can go up or down over the years depending on market conditions. These loans have maximum rate caps per year and life time to keep them in line.

Hybrid Rate Loans – These loans start with a fixed rate for a period of 1, 3, 5, 7, or 10 years before turning into an adjustable rate loan. These loans have a lower start rate then fixed rate loans and may be the best choice if not planning on keeping a loan for 30 or 40 years.

Interest Only Loans – These loans whether fixed, adjustable or hybrid have a number of years that you only need to pay the interest on.

Government Loans

FHA and VA offer 97.75% and 100% financing respectfully, with more liberal underwriting terms. Ideal for first time home buyers, with limited funds. These loans are also assumable should you want to sell your home in the future. Your low rate will be easy for a buyer to accept. They just pay you up front cash and take over payments.