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Purchase

Buy a new home

Purchase

Let's get your keys!


Buying a home is a significant milestone and can involve a complex process. You don't need to worry because we are here to guide you through each step. As experts in home loans, we will support you from the moment we first communicate until you receive the keys to your new home!
 

Your Objectives Are Our Objectives. 

Mortgages by Richard, powered by RateSimple, goes beyond being just a mortgage company; we are driven by our mission to be the best. This mission motivates our team every single day. We prioritize your homeownership goals. You possess the capabilities to achieve these goals, and we are here to assist you every step of the way.

Whether you are a first-time homebuyer or have previous experience, we will educate and steer you to ensure a seamless and well-defined home buying experience. At Mortgages by Richard, we offer a wide range of loan programs, greater lending flexibility, and more expertise among our loan officers. It all begins with you! To embark on your future, please reach out to us so that we can:

  • Address any queries or questions you may have
  • Provide a consultation at no cost or obligation. Together, we will gain a clear understanding of your current situation and offer our expertise on how to proceed.
  • Pre-qualify and pre-approve you, allowing you to shop for homes with confidence
  • Match you with a loan product that suits your present circumstances and aligns with your future needs.

 

 

If you are contemplating a purchase within or outside your state, or you need prompt, precise, and current information, then rely on Mortgages by Richard - powered by Ratesimple - for all your mortgage necessities. We excel in providing an extensive selection of tailored products and advantages to align with your individual circumstances. Below is a preview of our offerings or click here for a short overview of our Loan Products:

 

1.    Conventional Quick Close:

  • W2 Wage Earner Express, WorkNumber Verification
  • Speedy process: 10 to 15 days from application to funding.
  • Seller-paid closing costs to ease your financial burden.
  • Same-day appraisals available, with a waiver of appraisal for qualified buyers.
  • 1% down conventional option for loan amounts up to $350,000, with no mortgage insurance.

 

2.    VA "No Soldier Left Behind" Purchase:

  • No down payment required.
  • Zero credit needed with two alternative tradelines (cell phone/utility).
  • Seller-paid closing costs and a 30-day close timeline.

 

3.    FHA Advantage Plus Purchase:

  • Credit down to 500.
  • Down payment as low as 3.5% with credit above 550.
  • Flexible qualification criteria.
  • Seller-paid closing costs and a 30-day close timeline.

 

4.    Heroes to Homeowners-Grants for Public Servants:

  • Specialized grants for qualifying public servants.
  • Assistance with closing costs and down payment.
  • Available to police officers, teachers, firefighters, nurses, and other eligible occupations.

 

5.    Down Payment Assistance for Qualified Buyers:

  • Up to 100% financing for eligible first-time homebuyers with a score of 620 and above.
  • Tailored programs to fit individual financial situations, covering down payment and closing costs.

 

6.    Non-Qualified Mortgages: Self-Employed Outlet:

  • Ideal for self-employed individuals, non-US citizens, and businesses.
  • No tax returns required.
  • Various options available, including bank statements, asset depletion, and rental projections.
  • Reverse mortgage purchase option for those 65 years or older.
  • Loan amounts up to 3 million.
     

We're committed to making the homebuying process as smooth and stress-free as possible. Let us help you find the perfect mortgage solution to fit your needs. Contact us today to learn more and get started on your journey to homeownership!

What our clients say.

Laura H. & Christopher M.

We were initially denied by a lender and when our possibilities were limited, Mr. Krauss helped us achieve our dream of getting a model home. My husband is a Veteran and he informed us of discounts and grants that we were not aware of.

Nicholas M.

I was well informed every step of the way never left me guessing all ways their when I had a question all ways very professional and respectful I had a pleasant experience.

Bonnie M.

Consistent communication and being able to trust the process. Richard closed my purchase after it was denied by another lender due to my low credit.

Natalie D.H.

Richard's quick response to any issue or questions I may have had. And his expertise in getting it all handled quickly. I am Self Employed, he was able to close the loan before the due date.

Lorine C.J.

Richard has successfully completed several refi’s for us which is why we brought our latest refi need to him. Our communication was excellent and our current refi went smoothly.

Nadine W.

Richard was able to close my VA Purchase ahead of time with a low credit score of 520. His expertise overcame every hurdle within the process.

Bryan P.

Richard took the time to help a homeless disabled Veteran into a new home. No one would help except for him. He explained how to qualify and executed my purchase ahead of schedule with the builder!

Roberto R.

I was in an active Chapter 13 Bankruptcy, Richard was able to contact the court for approval and assist with my new purchase. He then provided me with the SAH Grant information for disabled Veterans and helped with my disabilities in the new home.

Greg S.

Richard is my old high school friend. We both served in the military, and he was able to explain how I can purchase with a lower credit score. My family has a beautiful home and we are able to start our next chapter!

David S.

Richard executed a Cash Out refi to purchase an investment property. The loan was approved withing 5 Days. Extremely quick turn around and awesome communication. He always answered my questions.

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