In The Endless Sea of Loan Information, Who Can You Trust?

5 Resources to Help with Your Mortgage Processing Timeline

1. HUD Resource Center for Buying a Home

One of the best ways to weed out irrelevant content is utilizing the U.S. Department of Housing and Urban Development's resource center to buy a home. This website offers essential information for new home buyers to help with everything from affordability to shopping for a new mortgage. 

To help you figure out which mortgage loan company benefits you best for your home buying dream, HUD offers an intuitive, integrated search function that enables you to filter relevant programs by state to focus on information specific to your needs.

2. Consumer Financial Protection Bureau (CFPB)

HUD isn't the only federal agency that has your back if you're looking to buy your first home. The Consumer Financial Protection Bureau (CFPB) is another agency that offers excellent tools and resources to consumers looking to buy a home or obtain a new mortgage.

Unlike loan officers, realtors, or other industry professionals, the CFPB is the best mortgage loan company resource for making it easy to understand loan terminology and processes by deconstructing loan concepts into plain English, making it easier to understand more complex topics such as mortgage disclosure requirements.

Similarly, the content will help empower you to make a more informed decision regarding your home financing. It can even help you keep your lender in check should they try to bend the rules around federal requirements.

If you have an issue, the CFPB can help connect you with the right parties to help navigate the situation, fix errors, or get answers. In addition, the agency notes that most companies respond to complaints within 15 days, keeping you on track and focused on finding the best company for your mortgage loan.

3. Our Cake Consultants (Loan Officers) or Your Real Estate Agent

Our loan officers offer intimate knowledge about home financing programs and will be able to guide you towards which programs would work best for you and which you should avoid, regardless of where you are in the mortgage processing timeline. 

While your realtor might not have as much working knowledge of mortgage-related products or pricing, they will be able to answer most of your initial questions and know the specifics of the local real estate market. 

4. Credit Counseling and Consumer Advocate Groups

Are you looking for the best unbiased third-party companies for mortgage loan resources? Credit counseling providers, mortgage insurance companies, and other third-party consumer advocate groups are great ways to obtain first-time home buyer loan resources.

These groups often work with local and state legislation to help homebuyers take advantage of programs geared to increase homeownership in crucial areas. These programs might include applicable grants or other forms of down payment assistance.

5. Mortgage Insurance Companies

As strange as it may seem, the best mortgage loan insurance companies can provide many resources to borrowers looking to buy their first home. 

Many mortgage insurance companies also offer first-time homebuyer education programs to fulfill a portion or all the requirements of some affordable mortgage programs.

You can always call us or select the chat feature to the right, and we'll answer any questions you have. The best companies for mortgage loans lead with transparency and trust, and we want our customers to feel confident before starting their mortgage processing timeline with us.