Turning Homeownership

Into Reality

HELPING - DREAMS - BECOME - REALITY

Purchase

ANDREW KLANK MORTGAGE GROUP

Loans Funded

1000's +

Average Loan

15 - 30 Day Funding

100's of Reviews

4.9 Stars

Start Investing in Your Future Not

Your Landlord's

Life is too short to pay rent and struggle to reach your goals. Every month of rental payments is only investing in your landlord’s future and holds you back. Invest in yourself! Keep your eye on the ball and we’ll coach you to that home run!

Custom home loans designed to help you reach your goals,

with real people who guide you every step of the way,

for the life of your home loan.

Loan Programs

Check out our popular Loan Programs

Learn more about different Mortgage Options

CONVENTIONAL AND GOVERNMENT LOANS

Our team of experts will answer all your questions and let you know what to expect throughout the home loan process. We will make you

INVESTMENT

PROPERTY LOANS

Moving up? Change in family structure? Downsizing? We have programs and advisors to help you get where you want to go.

GRANT PROGRAMS

We’re with you throughout the life of your home loan so when it’s time to refinance, we’ll let you know. If you want to save money or restructure your mortgage, we can assist plan.

DOWN PAYMENT ASSISTANCE

We’re with you throughout the life of your home loan so when it’s time to refinance, we’ll let you know. If you want to save money or restructure your mortgage, we can assist plan.

CONSTRUCTION AND RENOVATION LOANS

Our team of experts will answer all your questions and let you know what to expect throughout the home loan process. We will make you

BRIDGE LOANS

Moving up? Change in family structure? Downsizing? We have programs and advisors to help you get where you want to go.

JUMBO LOANS

We’re with you throughout the life of your home loan so when it’s time to refinance, we’ll let you know. If you want to save money or restructure your mortgage, we can assist plan.

LAND LOANS

Access the equity in your home to help you update your kitchen or finance that large purchase with a cash out refinance.

Custom home loans designed to help you reach your goals,

with real people who guide you every step of the way,

for the life of your home loan.

What's Next's

We’ve made the home buying and refinancing process easy.

Schedule Discovery Call

Contact your Mortgage Advisor to schedule a Discovery Call. We’ll chat about your goals and develop a budget to help you reach them.

Find Your Home

Homebuyers can take the pre-approval letter to any realtor and find a home that they know they can afford to invest in.

Close The Deal

Time to sign the paperwork and get the keys to your new home

“We believe that a well planned mortgage leads to long term wealth.”

- From a Very Wise Man

DO MORE WITH YOUR MORTGAGE

Did you know that our mortgages do more than help you purchase your home? Yup!

When you work with us you’ll know that your mortgage is on a mission! As a thank you to our amazing clients, every month we donate 1% to causes that do great things. It’s why we’re so passionate about home loans and why our motto is:

Buy a home | Build your wealth | Support your community

Mortgage FAQ's

Want to Buy My First Home But Don’t Know Where to Start?

WANT TO BUY MY FIRST HOME BUT DON'T KNOW WHERE TO START?

1. What is the first step in buying my first home?

The first step is determining your budget by reviewing your income, debts, and savings. Then, get pre-approved for a mortgage to understand how much you can afford.

2. What is a mortgage pre-approval, and why is it important?

A pre-approval is a lender’s evaluation of your financial situation to provide a loan estimate. It shows sellers you’re a serious buyer and helps narrow down your home search.

3. Do I need a real estate agent?

While not mandatory, a real estate agent can guide you through the process, negotiate on your behalf, and help find homes that match your needs and budget..

4. How much money do I need for a down payment?

The amount varies based on the loan type:

- Conventional loans: Typically 3–20%

- FHA loans: As low as 3.5%

- VA or USDA loans: Often require no down payment Be sure to also account for closing costs and other fees.

5. What other costs should I consider besides the down payment?

- Closing costs: 2–5% of the loan amount

- Home inspection fees

- Appraisal fees

- Property taxes and homeowners insurance

- Potential HOA fees

6. What is the role of a home inspection?

A home inspection identifies potential issues with the property, such as structural concerns or necessary repairs, so you know what you’re buying.

7. How do I decide where to buy?

Consider factors like:

- Proximity to work, schools, and amenities

- Neighborhood safety and growth potential

- Affordability of the area

- Local market trends

8. What kind of loan is best for first-time home buyers?

Common options include:

- FHA loans: Low down payment and flexible credit requirements

- Conventional loans: Competitive rates with low down payment options

- VA loans: No down payment for eligible veterans

- USDA loans: No down payment for rural areas

9. What credit score do I need to buy a home?

Most lenders require a minimum credit score of:

- 580 for FHA loans

- 620 for conventional loans Improving your score can help secure better terms.

10. How do I make an offer on a house?

Your real estate agent will help draft a purchase offer based on the home's value, market conditions, and any contingencies, such as inspections or financing.

11. What happens after my offer is accepted?

The lender will begin underwriting your loan, order an appraisal, and schedule the closing. You’ll also complete a home inspection and negotiate any necessary repairs.

12. How long does it take to close on a home?

The process typically takes 30–45 days from offer acceptance to closing, but this can vary depending on inspections, appraisals, and loan approval.

13. Do I need to attend the closing?

Yes, you’ll sign documents, pay closing costs, and receive the keys to your new home at the closing meeting.

14. What should I avoid during the buying process?

- Don’t make large purchases (e.g., cars, furniture)

- Don’t open new credit accounts

- Avoid changing jobs or income levels

- Stay current on all debts and bills

15. Where can I get help with the home-buying process?

- Your real estate agent

- A mortgage lender or broker

- Local first-time home buyer assistance programs

- Online resources, including home buyer guides and financial planning tools

- This FAQ simplifies the process for first-time buyers, providing the guidance needed to start confidently.

Loan Process From Start to Finish

THE LOAN PROCESS FROM START TO FINISH

1. What is the first step in the loan process?

The first step is pre-approval, where a lender reviews your financial information, including income, credit score, and debt, to determine how much you can borrow.

This helps guide your home search.

2. What documents do I need to start the process?

Commonly required documents include:

- Proof of income (pay stubs, tax returns)

- Proof of assets (bank statements)

- Employment verification

- Identification (driver’s license, Social Security card)

- Credit history authorization

3. What happens after pre-approval?

Once pre-approved, you can start house hunting. After finding a property, you’ll submit an offer. If accepted, the lender moves forward with the loan underwriting process.

4. What is underwriting, and how long does it take?

Underwriting is the lender’s process of verifying your financial details and the property’s value. It typically takes 1–3 weeks, depending on how quickly you provide requested documents and complete required inspections.

5. What does the appraisal process involve?

A licensed appraiser evaluates the property to ensure its value aligns with the loan amount. This step protects both you and the lender.

6. What is a home inspection, and is it mandatory?A home inspection assesses the property for structural issues or necessary repairs. While not always required by lenders, it’s highly recommended for buyers.

7. What happens after the appraisal and inspection?

The lender reviews the appraisal and inspection results. If everything checks out, they issue a loan commitment and schedule the closing.

8. What is the closing process?

Closing is the final step where you sign all necessary documents, pay closing costs, and officially become the property owner. This meeting typically includes your agent, lender, and a closing attorney or notary.

9. How long does the entire loan process take?

The loan process typically takes 30–45 days from pre-approval to closing, depending on market conditions and lender efficiency.

10. What costs should I prepare for during the process?

- You should prepare for:Down payment

- Closing costs (typically 2–5% of the loan amount)

- Appraisal fees

- Home inspection fees

- Escrow deposits for taxes and insurance

11. Can I change lenders during the process?

Yes, but changing lenders mid-process may cause delays or require you to start over. Consider this carefully and consult with a professional before making changes.

12. What can delay the loan process?

- Common delays include:Missing or incomplete documentation

- Low appraisal values

- Credit issues

- Title or legal issues with the property

13. What should I avoid during the loan process?

Avoid significant financial changes, such as opening new credit accounts, making large purchases, or changing jobs, as these could affect your loan approval.

14. What happens if my loan application is denied?

If denied, your lender should provide a reason. You can address the issue, such as improving your credit score or reducing debt, and reapply when ready.

15. How do I know the loan process is complete?

The process concludes at closing when you receive the keys to your new home and the lender disburses funds to the seller.

These answers provide clarity on each step of the loan process, ensuring buyers feel informed and confident.