Whether you are a first-time home buyer or you have purchased a home before, Colonial First Mortgage always puts you first. And, whether you’ve started your search for the perfect home already or not, you’ll want to speak with someone about mortgage opportunities as soon as possible. At Colonial 1st Mortgage, we can answer any financial questions you may have so that you can make an informed home-buying decision, such as:
Getting a free, fast and easy quote only takes a few minutes. We’ll prepare a pre-approval letter for you to present to your realtor or directly to the seller of the home you want to buy. Just Click Here to get started or give us a call today at 804.967.2560.
There are many great reasons to refinance your home. Colonial 1st Mortgage always puts you first, whether you are you looking for the lowest interest rate, converting an adjustable rate mortgage to a fixed rate, combining your first and second mortgages, looking to get cash out, or looking to remove someone from the title. We just need your address, what you owe and the reason you are considering refinance to work up a loan scenario for you. Just Click Here to get started or give us a call today at 804.967.2560.
At Colonial 1st Mortgage, we’ve helped hundreds of people pay off their mortgage, supplement their income, or pay for healthcare expenses with reverse mortgages. If you or your spouse is 62 years or older, a reverse mortgage may be right for you. Colonial 1st Mortgage is right here in Richmond and we’d be happy to meet with you in person or talk with you over the phone to answer any questions that you may have. Colonial 1st Mortgage always puts you first. Here are just some of the benefits of a reverse mortgage:
Don’t worry about not having a full 20% to put down on a home. Depending on your income, credit score and where you want to live, there are a couple of different options for you. And, no matter which option you choose, Colonial 1st Mortgage will always put you first. You may be eligible for 100% financing if you are a veteran, or if you are looking to live in a rural area as defined by the USDA. We also have options for as little as 3% down that you may qualify for. Many of these programs allow for down payment and closing cost gifts from relatives along with closing cost assistance from the seller. Just Click Here to get started or give us a call today at 804.967.2560.
If you are a veteran, an active-duty service member or eligible surviving spouse of a veteran, a VA home loan can help you realize your dream of homeownership. And, at Colonial 1st Mortgage, we always put our veterans first. You can choose between a fixed-rate or an adjustable-rate mortgage when purchasing a primary residence, or refinance an existing VA home loan to lower your mortgage rate and monthly payment. Program benefits include:
The easiest way to know if you qualify is to give us a call, but here is a simple way to think about how the banks will look at your student loan debt. For the most part, the lender is going to use 1% of the loan balance as a monthly payment, or the actual payment reporting on the credit report. If you have less than 10 months of payments left, we may be able to exclude the payment. These guidelines are subject to change so make sure to give us a call at 804.967.2560 or Click Here to contact us so we can give you the most up to date information.
The mortgage process can seem daunting at first, but with Colonial 1st Mortgage putting you first, we make it easy. To put it as simply as possible, the steps are:
You may think you need perfect credit to qualify for a mortgage loan. Even though it takes between seven and ten years for derogatory information to fall off a credit report, it is possible to purchase a home with a foreclosure, bankruptcy, late payments or short sale on your credit record. We work with 38 lenders across the country and have access to several mortgage programs that have low credit score minimum requirements to accommodate borrowers with past credit issues.
Your mortgage underwriter may request additional or updated information as part of the underwriting process. Just Click Here to get started or call 804.967.2560 to talk with one of our mortgage specialists to discuss your options.
Whether you are a first-time homebuyer or you have purchased a home before, the first step to your new home is to apply for a mortgage. Colonial 1st Mortgage is your home mortgage expert, offering service in Richmond and surrounding areas. We work with you to find a mortgage that caters to your unique situation so that you can move into your new home sooner…sometimes in as little as 2 weeks. We offer a range of loan types from over 38 national lenders that can help you save money with a more seamless process.
If you are unsatisfied with your current mortgage rate, converting an adjustable-rate mortgage to a fixed-rate, combining your first and second mortgages, or looking to get cash out then the team at Colonial 1st Mortgage can help you with a refinance in Richmond. Our local team is highly experienced with a range of loan types from over 38 national lenders that can help you save money with a more seamless process.
If you or your spouse is 62 years or older, a reverse mortgage may be right for you. Colonial 1st Mortgage is your home mortgage expert, offering service to families in Richmond and surrounding areas. We’ve helped hundreds of people pay off their mortgages, supplement their income, or pay for healthcare expenses with reverse mortgages. Colonial 1st Mortgage is right here in Richmond, and we’ll meet with you in person or talk with you over the phone to answer any questions that you may have.
Jumbo loans make a lot of sense if you’re financing a home in a high-cost area (such as a vacation home), have a strong credit rating, and have a high income. At Colonial 1st Mortgage, we can help you with a jumbo mortgage in Richmond and surrounding areas to help buy a high-value home or vacation home of your dreams. The Colonial 1st Mortgage local team always puts you first and will help you navigate the jumbo mortgage loans that are available providing the larger funds traditional loans do not cover.
If you are a veteran, an active-duty service member, or an eligible surviving spouse of a veteran, a Veteran Mortgage or VA Home Loan can help you realize your dream of homeownership. And, at Colonial 1st Mortgage, we always put our veterans first. You can choose between a fixed-rate or an adjustable-rate mortgage when purchasing a primary residence, or refinance an existing VA home loan to lower your mortgage rate and monthly payment. Our local team is highly experienced and works with over 38 national lenders that can help you save money with a more seamless process.
No matter what type of mortgage you are looking for, the local experts at Colonial 1st Mortgage can help you find it. With service offered in and around the Richmond area, we always put our clients first and have done so for over 20 years. To find out more about our mortgage products, speak to a specialist today by calling our team at 804.967.2560.
Colonial 1st Mortgage, Inc.
11551 Nuckols Road, Suite G
Glen Allen, VA 23059
We respect your privacy and take your financial privacy very seriously. We attempt to minimize the information we collect to that which is required by law and necessary to the financing process. During the course of processing your application, we accumulate non-public personal financial information from you and from other sources about your income, assets, and your credit history in order to allow us to make an informed decision about granting you credit. We restrict access to your non-public personal information to only those employees who need to know that information to provide products and services to you. We maintain physical, electronic, and procedural safe guards that comply with federal regulations to guard your non-public personal information.
Information Collected by Lender
When you submit a loan application to us, you should know that as part of processing your application and/or servicing your loan, we collect personal and financial information about you from the following sources:
We recognize the sensitivity of the above information and, as such, will not share personal and financial information with affiliates (an “affiliate” is a company that Lender owns or controls, or that is commonly owned or controlled by Lender’s parent holding company), non-affiliates or third parties, except as permitted by you, or as necessary to complete the mortgage lending process. Our affiliates may include financial service providers, such as title insurance agencies.
We may share personal and financial information about you (as described above) with either affiliates or non-affiliates as otherwise permitted by law. Such instances could include (but are not limited to) reports filed with certain government agencies or documents produced in response to a court order or subpoena.
Colonial 1st Mortgage is licensed by the Virginia State Corporation Commission License Number MC2140, NMLS # 196041. www.nmlsconsumeraccess.org