Your Local Mortgage Lender
Located in South and North Carolina
Personalized Mortgage Experience
Matt Brady offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Clover,South Carolina.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
You Do Not Need 20 Percent Down to Buy a Home and This Belief Is Keeping Too Many Buyers Waiting
The Misconception That Is Delaying Homeownership for More Buyers Than Any Other
Of all the beliefs that keep qualified buyers on the sidelines longer than they need to be the twenty percent down payment myth is the most persistent and the most expensive. Matt Brady hears it consistently and the conversation that follows almost always reveals that the buyer is significantly closer to homeownership than they assumed.
What the Twenty Percent Myth Actually Costs Buyers
When a buyer believes they need twenty percent down on a three hundred thousand dollar home they set a sixty thousand dollar savings target before they even consider having a mortgage conversation. That target can represent years of additional renting while equity accumulates for someone else and while home prices potentially continue moving higher.
The target is also simply not accurate for most loan programs available today.
What the Options Actually Look Like
FHA loans require as little as 3.5 percent down. Some conventional loan programs require as little as 3 percent for qualifying first-time buyers. VA loans for eligible veterans require zero down payment. USDA loans for qualifying rural and suburban purchases also offer zero down options.
Beyond the base loan programs down payment assistance programs exist at the state, county, and municipal level across the country. Many of these programs are specifically designed for first-time buyers and provide grants or forgivable loans that cover part or all of the required down payment. A significant number of buyers who would qualify for these programs have never checked whether they are eligible because they assumed the twenty percent barrier was the only path.
Seller concessions add another layer of flexibility. In markets where homes are sitting longer sellers are increasingly willing to contribute toward closing costs as part of the negotiation. That contribution can reduce the cash a buyer needs to bring to the table at closing in ways that make the total upfront requirement dramatically more manageable than the twenty percent figure suggests.
Why the Conversation Needs to Happen Before the Assumption
Every buyer's situation is different and the right combination of loan program, down payment assistance, and negotiating strategy looks different for each one. The only way to know what options are actually available is to have the conversation rather than making assumptions based on a number that does not reflect the current landscape of available programs.
As Matt Brady explains the first step is not saving forever toward a target that may be far larger than necessary. It is understanding what options are actually available for your specific situation right now.
You may be closer to homeownership than you think. Reach out to Matt Brady to find out what the real path looks like for you.
Sources
ConsumerFinancialProtectionBureau.gov
HUD.gov
FannieMae.com
MortgageNewsDaily.com
Investopedia.com
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