It’s hard to beat the thrill of walking into your brand new house for the very first time. Vibrant can help get you there with a range of conventional mortgage options.
We've got options for every buyer
Fixed Rate Loans: your typical mortgage paired with our great rates
FHA: work with your full service local mortgage originators on your new FHA loan
USDA Rural Development Loans: for those living in rural areas
Veterans Affair (VA) Loans: we're proud to offer VA Loans to Veterans and eligible spouses
Let's get started. Talk to one of our resident mortgage gurus! It’s never too early to start planning that housewarming party.
The mortgage process
After you’ve applied and been approved for a mortgage, it’s time to get an appraisal. This consists of a third-party home appraiser coming and telling you (and us) how much the house you are looking to buy is worth. The number the appraiser ultimately comes up with is based on a lot of things such as location, size, selling price of comparable homes, etc.
Once your target home’s value is determined, Vibrant will extend a percentage of it to you as a loan. The maximum percentage you qualify for is reliant on a number of factors, so the best way to find out the details of your mortgage situation is to apply early!
Be an attractive buyer with pre-approval
Even if you don’t have a particular house in your sights just yet, getting pre-approved for a loan can give you an edge over other potential buyers.
Apply for a mortgage online and we will send you a pre-approval letter that you can show to real estate brokers and sellers. This letter is your badge of honor, demonstrating your status as a qualified buyer. As a result, any offer you make on a house will have a little leg up on the competition.
We've got savings options, too!
We make saving for your dream home easy! Our First Time Home Buyer's Savings Account is a tax-advantaged, interest bearing option to help get you into that house that checks off all the boxes even quicker! If you're not quite ready to purchase, start saving now!
Refinancing the right way
Want to take a second look at that mortgage you are already sitting on? We at Vibrant can help. Whether you are looking to capitalize on a lower rate, switch to an adjustable rate or cash in on some of your home equity, we are with you every step of the way.
A refinance is usually a good idea for those who plan to stay in their home for a few more years. That's about how long it takes to recoup the savings from a lower mortgage rate or shorter term. A typical refinance is going to cost around 3%-6% of your mortgage principal, but that cost can be worth it in the long run.
Do your homework
View this handy dandy home loan toolkit from the Consumer Financial Protection Bureau for information about shopping for and understanding a home mortgage.