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Financing Your Austin Home

The Mortgage and Loan Process

If you are in need of financing for your new property our team along with our lending partners will help you determine the best financing strategy for you to obtain a mortgage that is easy, prudent, and enhances the joy of owning. Our team of lenders have helped thousands of Buyers finance their purchase and we will stand with you to make sure you receive service that is stellar. The process of obtaining a mortgage may appear daunting at first glance however with our team we will make it simple for you. The typical steps taken to obtain financing include:

Financial Pre-Approval

Understanding your purchasing power and determining a financial strategy will allow us to search for a home for you that makes sense to you. This will also provide leverage for you if we end up in a multiple offer situation. A Pre- approval letter gives you the same standing as a cash buyer and will make our offer superior to an offer without a pre-approval letter.

Application

Once we secure the perfect property for you, a mortgage application will be completed and reviewed by a Loan Processor prior to submission to and underwriter for final approval. The lender will ask for pertinent documentation including bank statements. A verification of employment and a credit check will be authorized as well.

Underwriting

After your loan application has been completed the Loan Processor will compile a package and submit it to an Underwriter for review. Upon preliminary approval by the Underwriter a title review and an appraisal will be ordered by the lender. Upon receipt and a positive review of these items you will have final loan approval and we are off to closing!

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Our Lending Partners

Keller Mortgage Logo

Keller Williams Mortgage

Exclusively available through Keller Williams agents. Buying a home with a Swanson Realty Group? Buying a Keller Williams listing?

Then you’re eligible for savings with ZeroPlus! Apply Now.

Obtaining a mortgage can be simple and pleasant. With our lender partners Mortgage, the road to homeownership is quick and easy for you.

Michelle Ikonen Mortgage Logo

Michelle Ikonen – Legacy Mutual Mortgage

Michelle considers a true mark of success is to find something you love to do and then offer it to others. Her sense of duty, personal integrity and sincere approach foster relationships built on trust and performance. Buying a home is one of the biggest decisions people make in their life and Michelle enjoys helping them finance the home of their dreams. She believes in making the loan process a smooth and stress-free experience! Apply for a Mortgage with Michelle today!

Loan Options

More choices of loan programs mean more opportunities to fulfill your dream of homeownership. Your Swanson Realty Group Buyer Specialist, in consultation with your lender, can help you carefully weigh the benefits and risks of each option to help you reach your personal and financial goals.

Choosing the right loan type

CONVENTIONAL, FHA, OR SPECIAL PROGRAMS

Mortgage loans are organized into categories based on the size of the loan and whether they are part of a government program.

  • How much you will need for a down payment
  • The total cost of your loan, including interest and mortgage insurance
  • How much you can borrow, and the house price range you can consider

Each loan type is designed for different situations. Sometimes, only one loan type will fit your situation. If multiple options fit your situation, try out scenarios and ask lenders to provide several quotes so you can see which type offers the best deal overall.

Conventional

  • Majority of loans
  • Typically cost less than FHA loans but can be harder to get

FHA

  • Low down payment
  • Available to those with lower credit scores

Special Programs

  • VA: For veterans, servicemembers, or surviving spouses
  • USDA: For low- to middle-income borrowers in rural areas
  • Local: For low- to middle-income borrowers, first-time homebuyers, or public service employees

Mortgage Calculator


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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor.