For Bricklayers and Allied
Craftworkers Local 1 New York
EXCLUSIVE UNION OFFER
Processing - $695
Underwriting - $995
Appraisal - $495
LOCAL MEMBER FEES
Processing - $0
Appraisal - $0
TOTAL SAVINGS FOR MEMBERS
We believe in fitting the product to the customer, not the customer to the product.
Over 9 billion in closed loans
Secure the insecure. We believe what's private should stay private. Our trustworthiness instills confidence.
Keep It Real
We believe in being real with our customers. We listen to them and present their best options
Simplify and Complex
We believe in the power of simplicity. With Cardinal haste-free lending is possible.
Frequently asked questions
How much do I have to put down to purchase a home?
This is the most common question we always get asked. Most people think you have to put 20% to purchase a home. You do not. The lowest down payment is 3 to 3.5%
What is PMI?
Another question we always get asked. When you purchase a home and you put less than 20% down, you are required to pay. "private mortgage insurance" This is essentially an extra fee you pay each month in your. monthly payment. It is basically insurance on the. home in the. event you foreclose, it protects the bank because there is not much Equity when a home is first purchased. VA loans do not have a fee.
How long does it take to close?
This. varies in every scenario. As a lender, we can clear have a clear to close in 3 weeks or less but it can differ on a case by case basis.
What does my credit score need to be to. purchase a home?
As a direct. lender, we are currently offering loans down to 580. credit score based on eligibility.For a minimum of 3.5% down payment, the lowest your credit score can be is 580. If your credit score is below 580, please still contact us as we are still able to provide financing on anything below a 580 or do a free credit supplement to see what you would have to do to get your score to a 580.
Contact Your VIP Mortgage Banking Team Today!
Call or Text Toll free : 800-298-9293 (Se Habla Español)
NMLS # 1087128