J.G. Wentworth offers a variety of mortgage products. With low down payments, low interest rates, and reduced closing costs, our loan programs can help improve your financial situation. Some of our most popular products include:
Fixed-rateFixed-rate mortgages come in 15-year or 30-year variations. This type of loan comes with a fixed interest rate and requires a standard down payment. Since your payments will be the same every month, it makes it easier to plan a budget.
Adjustable-rateThis kind of mortgage has an interest rate that can change over time. Your monthly payments start low, then adjust according to the market, sometimes allowing you to qualify for a larger loan. Because rates and payments may rise over time, these mortgages tend to suit those who already know they will eventually sell the house.
FHA loanFederal Housing Administration (FHA) loans allow those with low to moderate income to borrow up to 96.5% of a home’s value. The required down payment -- 3.5% of the value of the home -- can come from cash, gifts, or grants, making this option ideal for first-time homebuyers that do not have extensive savings.
USDA LoanThe United States Department of Agriculture (USDA) can provide loans to moderate-income buyers that wish to buy a home in a rural area. Depending on the home appraisal, the USDA may even finance down payments and closing costs.
VA LoanVeterans are eligible to receive loans through the Department of Veterans Affairs (VA) Loan Program. This program offers loans with low interest rates and no down payments, among other advantages. J.G Wentworth is proud to be a VA-approved lender.
Jumbo LoansJumbo loans are mortgages that exceed the limits on home loans set by Fannie Mae and Freddie Mac. Jumbo loans are typically available as either fixed or adjustable rate mortgages and can be used to finance primary homes, investment properties, or second vacation homes. J.G. Wentworth offers low rates on jumbo loans.
We've streamlined our process to ensure that the experience of obtaining your mortgage is as smooth and stress-free as possible. Below is a quick overview of our process:
Step 1. Get Pre-Qualified
With a pre-qualification from J.G. Wentworth, you will know what you can afford, be treated as a serious buyer and often strengthen your hand in negotiations. The J.G. Wentworth pre-qualification process is quick and easy.
Step 2. Choose a Mortgage that Fits Your Needs
We offer a wide range of loan programs, making it simple to choose a loan that matches your needs.
Step 3. Go House Hunting
Once you have found that perfect home, your real estate agent will help you submit a formal offer and purchase agreement. Negotiations begin, often with a round of offers and counter-offers.
Step 4. Confirm the Home Inspection
You should have your home-to-be inspected by a professional inspector who can identify any problems that need attention. He or she will look at everything from structural issues to maintenance issues, and even check on appliances if they are to be included in the sale. if any problems are found, you and the seller can negotiate fixes (either in repairs or perhaps a reduced sales price) before the close of the escrow. At this stage, we will begin processing your loan and start scheduling the appraisal appointment.
Step 5. Lock in a Low Rate
By Locking in a rate now, you can guarantee that rate for a specified time period.
Step 6. Take Part in the Closing Process
After the rate is locked, we submit the application for formal approval by our underwriting department. Next, you sign your mortgage documents. Lastly, after a final review and approval of all documents, we disperse funds to the seller. The only item left is to extend congratulations to you on officially becoming a homeowner.
On time means on time.
Your time is precious, and that's how we treat it. We've developed a streamlined application process to make sure that your mortgage will close on time. In addition to an on-time closing, you can expect competitive mortgage rates, a hassle-free mortgage process, and a wide range of loan programs to match your needs.
Oxford MA 01540