READ THIS Before Applying for A Home Loan
There’s a home loan with special benefits for everyone. Make sure you get the right one for you.
Specialty Loan Products for Your Unique Financial Situation.
Scroll down to see many of the options available to you. Questions? Contact me by clicking the red link below.
Got a fixer upper?
Perfect neighborhood, but not the perfect house? Renovation loans allow you to purchase a home and wrap the cost of your renovations up in the mortgage itself! If you can dream it, you can make it a reality. With the Dream Home Renovation program, you can buy the property that needs some renovation. Save time and money by financing the purchase with the cost of the repairs included in your mortgage. Create your dream home instead of buying someone else’s.
- The loan amount is based on future assessed value of home
- Take advantage of properties in great locations that need renovation
- 640 minimum FICO required
- 110% loan to value
Are you a veteran?
First of all, thank you doesn’t cover the debt of gratitude our country owes you for your service. I love helping veterans buy home, A VA loan is insured by the U.S. Department of Veterans Affairs and issued by VA approved lenders. This government guaranteed loan encourages these approved lenders to lend with more flexible and lenient qualifying guidelines.VA loans offer unmatched benefits to our heroes; the veterans, active duty, and surviving spouses.
- 100% Financing available*
- No mortgage insurance requirement
- Funding fee may be financed
first time buyer?
Down payment grants help you come up with the cash to buy the home of your dreams. Quick Guidelines:
- This is an FHA Loan
- Down payment assistance in the form of a second mortgage
- Discounts available for Qualified Military, First Responders, Teachers.
- Household income has limits and caps (Must make between $40,000 and $90,000 annually, per individual.
- Purchase Price has limits and caps
- Some Home Buyer Education may be required.
There’s a home loan with benefits for you! Benefits including low down payments (only 5%!), up to a purchase of 1,000,000! This program is designed to recognize medical professionals in all fields for their noble work. Thank you for all that you do.
- Borrow up to 1,000,000, with 95% included in financing (requiring only 5% down!)
- These loans do not require private mortgage insurance, saving you potentially hundreds of dollars every month.
- Minimum credit score of 720 required
This is for the buyer that is having a hard time saving.
The buyer that has a job.
The buyer that has decent credit.
The buyer that is doing well but is struggling to get their down payment together.
Most of these people are first time home buyers but have an issue saving because of external factors like student loans, medical debt, etc. There is a down payment assistance program available that you might benefit from.
BIG LOANS FOR BIG
When the home of your dreams is in an extremely desirable higher priced real estate market, or your growing family demands a larger home, a Jumbo loan may be right for you.
Jumbo loans are also considered non-conforming loans because they exceed the conforming loan limit of $417,000. Some counties may vary in conforming loan limits, so our experienced advisors will help you decide if your loan amount fits into the limits, or if a Jumbo loan is the right option for you.
For these borrowers with higher monthly income but less available savings, a Jumbo loan is the perfect solution.
HUNDREDS OF SATISFIED CLIENTS
Read these stories from other buyers who worked with Mike and his team for home purchase.
For more stories like these please visit https://www.faulknermortgage.com/testimonials or you can GOOGLE search and just type in “Michael Faulkner American Pacific Mortgage”.
Mike was AMAZING!
Working with Mike was smooth and timely. I was on a tight timeline for a loan, and Mike pulled it off. I was a candidate with a few hurdles, and he was direct, to the point, and very good with follow-up. I felt “in the know” the whole process and there were no surprises. I am looking forward to working with him again!
– Saad S.
Michael made the loan process very easy
Michael made the loan process very easy. He explained things to us every step of the way. Any complications Michael took care of immediately. This guy knows his stuff and cares about his clients.
– Doug L.
I was never left to feel as if I should know the mortgage or home buying process.
As a first time home buyer I was very unsure of the process and did not know what to expect. I literally had my lender Mike with AP Mortgage pick up my loan during the middle of what was almost a horrible transaction as I was going through another lender first who had me set up to have a first and a second mortgage on my first home!! Mike assured me I did not need to have two mortgages and proceeded to close on my home with the original close date. I was amazed at how hands on he was. I got calls returned promptly and he kept me informed step by step of what was happening. The key to this successful deal was Mike taking the time in explaining everything to me. I was never left to feel as if I should know the mortgage or home buying process. I greatly appreciate the time he took in closing my house and I totally know without a doubt he went the extra mile to get me my home with all of its many exceptions. I would definitely refer Mike to my family and friends and can honestly say they will not only get the home they want but they will have someone who treats them like a real person and not just another loan application in the bucket sort of speak. Thanks Mike for helping my husband and I purchase our first home. We now have a sense of security and can provide an amazing home for our two boys to grow up in.
– Indeara R
It is so important to go with someone you have thoroughly researched.
Michael was phenomenal on all levels of professionalism, expertise, and customer service. He came highly recommended from a friend who had a nightmare come true with a previous lender. She was blown away by Michael and his team and had renewed faith that there are great professionals out there. That being said, it is so important to go with someone you have thoroughly researched and you know is experienced and knowledgeable in what they are doing. Back to Michael- we went through the pre-approval process with him before we even started looking. I highly recommend this. We knew what we could be approved for before we got our hearts set on anything. We decided to go with a new build, and Michael was so instrumental in getting us the lowest interest rate over the 6 months while we waited for our house to be built. Rates went down and we locked 120 days out. He watched the market closely and was truly so interested in educating us about every choice we made, making us aware of benefits and disadvantages of everything. When you are making one of the biggest decisions of your life, you want a panel of experts on your team. A good realtor, and a good lender are key to this. Don’t let your arm be twisted if your builder offers incentives with a certain lender, go with the best, and you will likely get incentives regardless. Don’t make this decision lightly, and put Michael through the test, he will pass with flying colors!
– Amanda P.
Michael is probably the best I’ve ever met when it comes to follow up and communication.
Michael and American Pacific are a true class act and absolute professionals to work with. You will never not know where you stand with your loan or what is needed to finalize your sale/purchase. Michael is probably the best I’ve ever met when it comes to follow up and communication. Our most recent transaction w/ Michael went through several transformations… originally beginning as a simple investment property loan, then morphing into a property search for a family member… and ultimately ending with us purchasing a new primary residence. Through all the changes and time involved with altering the transaction…Michael continued to be as responsive and helpful as he was on day 1. I’ve known many brokers who were super responsive until the first hiccup and then suddenly realize that there might be work involved and instantly turn to terrible communicators. Michael and the team at AP are certainly a cut above those outfits and I highly recommend them to ANYONE and EVERYONE. Skip the headaches and heartaches that tend to accompany your mortgage and speak to Michael Faulkner at American Pacific and you will be happy you did. I know my family certainly was.
– Matt H.
ABOUT MICHAEL FAULKNER
Michael got into the mortgage industry in 2004 with the primary goals of effectively communicating with home buyers and helping them navigate the intricate process of obtaining a home loan. His customer-centric, educational approach was set in stone early in his career as he began to hear from so many consumers about the overall lack of customer service throughout the industry.
Michael made it his mission to solve home buyers’ biggest complaints. He strives to be an effective communicator, provide education, and explain the “why” behind the loan products and rates. If the consumer is educated, then they can make good decisions about their loan product when buying their dream home. Delivering this home loan experience is what makes him passionate about doing loans.
Michael is a mortgage educator before he is a mortgage advisor.
MY MESSAGE TO YOU
There’s a lot that goes into purchasing a home, beginning with getting underwritten approved for a loan, finding a realtor, ramping up with the house hunting and contingencies, and then ending with new keys. Beyond the walls of that new home is a future, a place to live, maybe work, and certainly play. Beyond the walls is a family with many hopes and dreams. I see you and your future first before I think about anything else. So let’s get to know each other first. It is important we do it the right way.
“Your Home Loan Experience”
FREQUENTLY ASKED QUESTIONS
SHOULD I GET A PRE-APPROVAL?
YES! This will give you a specific dollar amount in terms of what you qualify for. You also will be able to roughly calculate what your monthly mortgage payment would be, and it gives you purchase power when you are putting in an offer against other buyers. We will make sure you get UNDERWRITTEN PRE-APPROVED, not just pre-qualified. Underwritten pre-approval typically requires a full application (your credit is run and it is recommended that you send in all of your income documents). It holds a lot more weight than a pre-qualification because a pre-qualification isn’t based on actual documentation. When you get underwritten pre-approved, it is a pretty safe bet that you will close.
WHAT GOES INTO A LOAN APPLICATION?
A loan application typically analyzes your income, expenses and credit. Documentation you may need to provide during this process includes: proof of income, recent pay stubs, employment history and tax documents. This is all to determine whether you would be considered a risky borrower. It can be a tedious process, but with the right help, it may be seamless. Later in the loan process, an underwriter, or the person reviewing your documents, may request additional information.
WILL MY CREDIT BE PULLED IF I COMPLETE THIS LOAN APPLICATION?
Yes. If you are not wanting your credit pulled then please call me at 480-656-5751.