St. Simons Island & the Golden Isles: Your Mortgage Headquarters
ABOUT US
Why Should You Choose Us?
We are a locally owned and operated mortgage broker. We have both the experience and expertise to guide you through the mortgage process smoothly and efficiently. As a bonus, you also get the best rates.
NMLS #133595
Georgia Residential Mortgage Licensee #15527
OUR SERVICES
Mortgage Loan Programs
CONVENTIONAL
This is the regular Fannie Mae or Freddie Mac loan. Maximum L ...
This is the regular Fannie Mae or Freddie Mac loan.
Maximum Loan Amount: $766,550
Terms: The most common is 30 year fixed, followed by 15 year fixed, but almost any term is possible now.
Down-payment choices start at 3%, then 5%, then 10% with some benefits as down payment increases to each level. At 20% down, you can eliminate the PMI – Private Mortgage Insurance.
FHA
This is a government loan insured by HUD and is probably the m ...
This is a government loan insured by HUD and is probably the most popular lower down payment program available.
Maximum loan amount: $498,257 – in most Georgia counties; $649,750 – Metro Atlanta counties.
The minimum down payment is 3.5% and can come from a gift. The minimum middle credit score required is 620, although lower scores can be approved with additional requirements and the Seller is allowed to pay 6% of the sales price towards closing costs.
Mortgage Insurance for FHA consists of both an up-front premium of 1.75% added to the loan amount, plus a .55% of the loan amount (annual) divided by 12 for the monthly amount to be included in your payment.
VA
This is a loan benefitting qualified Veterans, including spous ...
This is a loan benefitting qualified Veterans, including spouses of deceased veterans, and is a 100% loan. There is no limit to the Sales Price and Loan Amount on a VA loan, and you can still do 100%. The VA Funding Fee (Mortgage insurance) is required and consists only of an up-front premium added to the loan and this premium varies based on number of previous uses and if the Veteran has a service-connected disability, in which case there is no Funding Fee.
USDA
This is a 100% loan in targeted in more rural areas and does h ...
This is a 100% loan in targeted in more rural areas and does have income limitations. The minimum middle credit score is 620 and the Seller is allowed to pay all the closing costs.
To determine both the geographic boundaries and the income limits, visit the Rural Development website here. Borrowers may generally not own other real estate, and Mortgage Insurance is required.
Reverse Mortgage
A Reverse Mortgage allows borrowers age 62 and older to use th ...
A Reverse Mortgage allows borrowers age 62 and older to use the equity in your home to enhance your retirement years. The proceeds are generally available either in a lump sum, a line of credit or monthly payments. There are some credit and income requirements to ensure the taxes and insurance will be paid on the property. Typically, a reverse mortgage is a refinance, although a Reverse for Purchase program allows you to buy a home on a Reverse Mortgage. Click here for more information on Reverse Mortgages.
JUMBO
A Jumbo loan program is a loan over $766,550 the Conforming F ...
Modal Title
A Jumbo loan program is a loan over $766,550 the Conforming Fannie Mae limit. You can go to 90% or more for Owner-Occupied loans and 80% for 2nd homes. They are available in various fixed rate terms as well as ARM programs.
Specialty – Condominium
Condominium financing has become more restrictive over time bu ...
Condominium financing has become more restrictive over time but we still specialize in financing them on Conventional, FHA and VA loan programs. They typically involve a little more paperwork, such as Condo Questionnaires as well as a budget and other condo documents. Most of the condo complexes on St. Simons, for instance, are eligible for normal financing.
What Our Clients Say
TESTIMONIALS
Sharon Williams2023-07-15LuV was very knowledgeable and a pleasure to work with. Very responsive, and patient with our questions. She made sure we understood everything, and I'm very glad she was in our corner.Jill Bailey2023-06-25Luv made our recent loan process a breeze! She advocated for our best interest every step of the way, often going above and beyond our expectations. She stayed in constant communication, was extremely proactive and helped us cover all the bases quickly and efficiently. We will definitely trust her with our future loan needs due to her diligence and expertise.Jodi M. Murray2023-06-07Mr. Paul has my full trust! He was so helpful and full of knowledge when it came to helping with my loan process. I had plenty of questions and he was willing to answer all of them. He helped my dad and brother with their home buying process, so he’s someone we’d recommend 100%. Thank you Mr. Paul for all your help.Anthony Parham2023-05-06If the Phrase "moving mountains" was a person, Miss Luv Mcdowell-Bailey would be it. Very long and tedious process but she made everything very clear and transparent and made everything easy!Susan McLean2023-05-04Very professional! Luv went out of her way to find the best rate for us and guided us through the whole process efficiently, helping us every step of the way. I highly recommend this company! They are truly dedicated and caring.Debbie Jackson2023-04-18Buying our house was the easiest process I've ever had with Luv. She was always available at every call/email/text. Any home buying for us in the future I will always use her. We we're moving here from the FL Keys and being over 9 hours away was a little rough but Thankfully Luv was with us every step of the way. I highly recommend her for any home purchase.Paula McKenzie2023-04-17LuV McDowell-Bailey handled my loan. I lived in another state during the process, but she could not have made the process any easier! She clearly explained each step and responded immediately anytime I reached out. She always focused on what would be best for my situation! Highly recommend her for a tailored, personal experience!Samantha Doster2023-04-16Paul Sanders was absolute amazing in the process of purchasing my first home with my partner. He was very professional and informative throughout the entire process. I absolutely recommend him. He was also very efficient and responsive to our needs especially as first time home buyers who had a lot to learn.Sebastian Cruz2023-04-15Paul is absolutely Amazing! Thanks for all of the help!😎brenda lawson2023-04-14I met Paul over 22 years ago when he assisted me in purchasing my first home. I also had the opportunity once again to enlist Paul's help in this year (2023) in assisting me with financing on my second home. I can truly say that Paul will do his very best to ensure that you get the best deal possible when it comes to matching you up with a suitable company as well as a suitable interest rate. I can truly say i would not have felt comfortable with anyone else and would recommend him to anyone i know.
