NJ, NY, FL licensed mortgage brokerage firm FHA/VA/CONVENTIONAL purchase and refinances
Get to know Mortgage Professionals
Thank you for visiting our ActiveRain page and allowing our mortgage team to be of service to you and your family. Our mortgage consulting team has over 15 years of financial service experience and has been a top mortgage contender and leader in customer mortgage education. Our team understands the real estate industry and the financial market. Excelsior's knowledge of residential mortgage programs allows our team to choose the very best mortgage solution for your unique financial situation.
You will find that Excelsior Mortgage's customer service is highly personalized and we will break-down the mortgage process for you so you understand fully how your mortgage financing will work.
We are licensed in NJ, FL and NY and are able to assist you on all types of financing. (FHA/VA/CONVENTIONAL/REVERSE MORTGAGE Purchases and Refinances)
Why choose EXCELSIOR MORTGAGE as your Mortgage Consulting Team?Fast Turn Around Times Free Pre-Qualifications and Personalized Mortgage Consultation Professionalism 15 Years of Mortgage Consulting Experience
Excelsior Mortgage is your helping hand.
Are you a first-time home buyer? Do you want to buy a house with a small down payment? Are you concerned that you don't make enough money to qualify for a home loan and cover all expenses? If you answered yes to any of these questions, an FHA mortgage may be the perfect solution for you. Even if you have good credit and a down payment, the increased options of FHA home loans make them attractive choices for your mortgage.
Although there are similarities between FHA mortgage financing and Conventional mortgage loans there are also some big differences. While interest rates and loan terms are similar, credit guidelines are very different. FHA allows for borrowers with less than perfect credit to still receive a favorable interest rate. Excelsior Mortgage is dedicated to offering you the lowest interest rates available.
The most popular FHA home loan is the 203(b). This fixed-rate loan often works well for first time home buyers as it allows potential homeowners to finance up to 97% of their home loan, which keeps down payments and closing costs at a minimum. The 203(b) home loan is also the only loan in which 100 percent of the closing costs can be a gift from a relative, non-profit, or government agency. Insurance on FHA mortgages are often rolled into the total monthly payment. After five years, this additional mortgage insurance is typically met and therefore drops off the total monthly payment.
For more information on how Excelsior Mortgage can lend you a helping hand, call us at 877-279-8531 to speak to one of our Sr. Mortgage Consultants.