Over the last decade, WestStar Mortgage was dedicated to building our reputation by operating with a high level of integrity, offering the best in client service, and consistently delivering excellence in the competitive mortgage marketplace.
We are the first choice for clients interested in FHA, VA, and Conventional loan programs. Our experienced staff is dedicated to satisfying our client's unique needs with the best rates available and we don't stop there. We are willing to go above and beyond to guarantee the smoothest loan transaction by providing online access to your loan documents and even offering to close your refinance in your very own home if allowed by state law.
We strive to under-promise and over-deliver at WestStar Mortgage, where we are committed to becoming your Lender for Life!
Thank you for visiting our website, we look forward to earning your business.
FHA Loans:
A popular loan option for first time homebuyers or those seeking a low down payment loan.
* Flexible income, credit, and down payment qualifications
* U.S. government insured
* 10, 20, 30 year fixed rate terms or 3/1 & 5/1 adjustable rate terms
VA Loans:
Eligible veterans of U.S. armed forces receive government home mortgage benefits and flexible requirements.
* Low to no down payment option
* No mortgage insurance premium (MIP)
* 10, 15, 20, 25, 30 year fixed rate terms or 3/1 & 5/1 adjustable rate terms
Click here to learn more about VA Loans
Conventional:
The standard home loan for borrowers with good credit history, sufficient income and stable employment.
* Competitive rates
* Low closing costs and flexible payment options
* 10, 15, 20, 25, 30 year fixed rate term option or 3/1, 5/1, 7/1 & 10/1 adjustable rate term options.
Home Affordable Refinance Program (HARP):
Home Affordable Refinance Program (HARP) may help homeowners make payments more manageable.
* Refinance to a fixed or adjustable rate
* Lock in a lower rate and reduce the principal and interest of your monthly payments (total finance charges may be higher over the life of the loan)
* Little to no equity required
* Protect your credit and get back on track
Jumbo Loans:
If you need a bigger mortgage, get a Jumbo Loan.
* Competitive rates
* 10, 15, 20, 25, 30 year fixed rate term option or 5/1 & 7/1 adjustable rate term option.
USDA:
A Rural Development loan designed for low income homebuyers that live in a non-suburban or urban county.
* Great for low income borrowers
* Designed for non-suburban or urban counties
* 100% financing
FHA 203K:
A 203K is a type of federally insured mortgage product for individuals who want to rehabilitate or repair a damaged home that will become their primary residence. In addition to the funds to cover the purchase price of the house, the FHA 203(k) loan provides the money needed for repairs and related expenses as part of the loan.
* Great for remodeling and renovations. Here's what to expect,step by step.
Prepare yourself. Do your homework.
Learn about the different types of mortgage programs and get the latest interest rates. Prepare yourself before going any further in your loan process:
* Understand your credit
* Learn about loan programs for buying or refinancing your home
* Calculate your budget and understand what you can afford
Gather your documents:
When you apply for a loan you will be asked to provide documents about your finances and the home you wish to buy or refinance.
You may need to provide:
* Income documents such as paystubs,W2,tax returns,etc.
* Bank account statements
* Purchase agreement (if you are buying a home)
Initial review:
During the initial review,you will be assigned a Loan processor who will work on your loan all the way through to closing. Your Loan Processor will organize the paperwork and help make sure all the documentation is complete to prepare your application before the final review.
Underwriting:
After we have gathered all your documentation,underwriters review your loan package to make sure it fits the guidelines required for your loan program. They evaluate the loan application and make the credit decision. In some cases they need more information to make their decision. We will contact you and help you with the additional materials if requested.
Approval Decision:
Once your loan is approved,a closing date can be set.