Lender Search Tips

Lender Search Tips


Making the decision to buy a new home is a big step – but you’re off to a great start. You’ve done your homework and you know what you’re looking for in a home, but do you know what you’re looking for in a mortgage lender? A home purchase is a long-term commitment and no two loans are alike. You’ll have a mortgage payment for 15, 20 or 30 years, after all, so it’s smart to find a mortgage lender that fits your unique needs.

This crucial part of the home buying process may not be as fun as checking out floor finishes, but knowing a few simple things comes with a potentially big payoff. These tips can help you get started.

Understand Your Credit Score

While there are many different types of mortgages and mortgage lenders, one common theme is that your credit scores will play a big role in determining what type of deal you qualify for. Some lenders prefer to work with borrowers with only good credit scores, and others also welcome borrowers with credit scores that need improvement. United Mortgage offers loan solutions for buyers with varying credit statuses as well as professional and experienced loan offers who can help guide you into getting your credit back on track to get you the very best loan possible.

Knowing your credit scores is a smart first step.

Find the Right Mortgage Fit

Lenders often specialize in certain types of loans. Knowing your ideal type of loan will help you focus your search. Are you a first-time home buyer? A veteran? United Mortgage loan experts are experienced and knowledgeable in all loan programs to ensure you get the loan type that fits your needs and a loan a mortgage experience that is top-rate.

Explore Loan Types

Compare Rates

Getting the best interest rate could save you hundreds of dollars over a year of mortgage payments — and thousands of dollars over the life of the mortgage. Yes, finding the best mortgage interest rate is a big deal.

With United Mortgage’s easy-to-use mortgage rate tool, you can find the best home loan interest rate for you, whether you’re a first-time homebuyer looking at 30-year mortgage rates or a long-time homeowner comparing refinance mortgage rates.

Check Rates

Read the Fine Print

Yes, even the boring parts! Find out about requirements and fees, including costs beyond principal and interest payments.

• Conditions of Approval
• Prepayment Options
• Convertability
• Portability

Narrow it Down

Do the homework. Read lender reviews and learn about others’ experiences.

In the end, you’re the person working with the lender, so your opinion matters most. During your conversation with a lending professional:

  • Did the lender promptly return your phone calls or emails?
  • Was the lender friendly and patient, not rushing through the conversation?
  • Was the lender willing and able to answer your questions in a thorough manner?
  • Did the lender discuss the timeline and particulars of the loan, including estimated closing date and costs?
  • Do you believe the lender was honest with you about rates and if/when they might change?

The right mortgage lender for you is someone who is competent, capable, and caring. Finding those things in a lender may seem like a daunting task, but when armed with the right tools, you can make the best decisions.

Ready to start your journey to an exceptional loan experience with United Mortgage? Let’s get going!

Get Pre-approved