Yes, we do offer jumbo loans.

To find out more information, including rates, please contact a Mortgage Loan Officer.

Yes, we do offer FHA loans. Please contact a Mortgage Loan Officer for more information.

Discount Points are finance charges paid by the borrower at the beginning of a loan in addition to monthly interest. Occasionally members choose to pay Discount Points as a way to reduce the rate. Each point is 1% of the mortgage amount.

The minimum credit score for a mortgage loan is different for each lender and loan type.

However, in general, you will need a credit score of at least 620 to qualify for a mortgage at Landmark.

It is important to note that your credit score, also known as your credit rating, is not the only factor Landmark will consider when you apply for a home loan. We'll also look at your debt-to-income ratio, your employment history and your income.

Public credit score tools (like Credit Karma, Experian, and My FICO) are typically free to use and available online. They use a variety of scoring models, including FICO and VantageScore. The scores you see from these tools are often called "educational scores" or "vantage scores" because they're not the same scores that lenders use to make lending decisions. Mortgage lender credit scores are the scores lenders, like Landmark, use to make lending decisions. They are typically based on the FICO scoring model but use a different version of the model than the one that you see from public tools.

Public credit scores and mortgage lender credit scores can vary significantly. For instance, your public credit score might be 720, but your mortgage lender score could be 680. That's why it's crucial to seek guidance from a Landmark Mortgage Loan Officer who can help you navigate the home buying process.

Buying a home is a big step, but it's easier if you understand your credit rating and the home buying process. If you have additional questions about your credit rating and your individual situation, contact us.

Generally, a HELOC can be taken out for as much as 80% of your home's value, minus the remaining balance on your mortgage and any existing Home Equity Loans or lines of credit.

For example, if your home's value is $120,000 and your mortgage balance is $27,000 and you also have an existing home equity loan for $16,000, you could potentially qualify for a HELOC of $53,000. Here's the calculation: $120,000 x 0.75 - ($27,000 + $16,000) = $47,000

Please keep in mind that this is a general estimate. If you need more than 80% loan-to-value, we may still be able to help. Please contact us to discuss your particular situation.