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Testimonials
Discover what our clients have to say. Their confidence in our services is a testament to our reliability, assuring you can place your trust in us as well.
“Jamie was amazing. She helped us close on a property in less than 3 wks in a very busy market. We received responses after business hours regularly. They worked incredibly hard to meet a difficult deadline to get a property purchased and ready for renovation and rental in record time. I highly recommend them as a lender.”
-Meri, Florida
“Jamie and her team were extremely responsive, had a great process. Changed loan down payment and type in the middle of the process very smoothly. Highly recommend Jamie and her team at Cross Country Mortgage. Also was self-employed and she was able to work with that type of income.”
-Cody, Florida
“Jamie made the home buying experience seamless. She answered all of my questions quickly and in a manner that was easy to understand. She kept me updated every step of the way and closing went off without a hitch. I would strongly recommend Jamie for any mortgage needs!”
-Lauren, Pennsylvania
Frequently Asked Questions
Will pulling my credit multiple times for a mortgage hurt my credit score?
No. Within a 45-day window, multiple credit checks from mortgage lenders are recorded on your credit report as a single inquiry. This is because other lenders realize that you are only going to buy one home. You can shop around and get multiple pre-approvals and official Loan Estimates.
How long does it take to get Pre-Approved for a mortgage?
1 Business Day. Depending on the complexity of your finances, you should be able to receive pre-approval within the same business day. But for some, the process can take up to a week.
How long do I have to be employed to get a mortgage?
Most lenders want to see that you have stable income coming in to pay for mortgage payments, and they typically want to see at least two years of stable job history for most loan types.
However, our lenders understand that someone who has worked for less than two years might still be perfectly willing and able to repay a mortgage. That's why there are workarounds to the historical two-year employment rule for qualified applicants:
You don't need two years of conventional employment to get a mortgage. Many lenders will consider alternative income information for self-employed, contractors, or contract workers.
Will collections on my credit report keep me from getting a mortgage?
Maybe not. If you have collections on your credit report, which can be a sign of bad credit, you can still get a mortgage approval, depending on the lender, the kind of debt you have, and the mortgage you are applying for. We may be able to structure your loan by paying off any collections and charge-offs on your credit report. If your DTI (Debt to Income Ratio) is within a healthy range, our loan professionals will work with you to structure a financial plan that allows you to clear up the collection items that are delaying loan approval.
How much is a down payment on a mortgage?
You don't need to put 20 percent down to get a mortgage and some mortgages don’t even require a down payment. A conventional loan down payment could be as little as 3 percent. FHA loans require as little as 3.5 percent, and VA loans and USDA loans have no down payment requirement at all. You can get a conventional mortgage with 3 percent down, but with anything less than 20 percent, you’ll have to pay mortgage insurance and making a larger down payment can get you a lower interest rate.
What does my credit score need to be to get a mortgage?
The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA)loans typically have lower credit requirements than conventional fixed-rate loans and adjustable rate mortgages (ARMs). With that said, it’s still possible to get a loan with a lower credit score, including a score in the 500s.
NMLS# 1413626
NMLS# 2595368
4964 Candlebush Cr, Sarasota, FL 34241