Your Local Mortgage Lender
Located in Fairfax, Virginia
Personalized Mortgage Experience
Andrea Kling 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 Fairfax, Virginia.
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
¿CÓMO SABER SI CALIFICAS PARA COMPRAR UNA CASA?
Comprar una casa es emocionante, pero antes de empezar a buscar propiedades es importante entender cuánto realmente puedes pagar. Una de las primeras preguntas que deberías hacerte es: “¿Califico para un mortgage?”
No existe un solo número que determine si calificas. El lender analiza diferentes aspectos de tu situación financiera para determinar si puedes calificar y aproximadamente cuánto podrías pedir prestado.
1. Empieza por tus ingresos
Tus ingresos son uno de los primeros aspectos que revisará el lender. Quiere saber cuánto ganas, qué tan estables son tus ingresos y si pueden ser documentados correctamente.
Dependiendo de tu situación, tus ingresos para calificar pueden venir de un trabajo W-2, trabajo por cuenta propia, ingresos 1099, comisiones, bonos u otras fuentes elegibles.
La pregunta no es simplemente: “¿Cuánto gano?”
La pregunta realmente importante es: “¿Cuánto de mis ingresos puede utilizarse para calificar para un mortgage?”
2. Revisa tu crédito
Tu historial crediticio también juega un papel importante en el proceso.
El lender puede revisar tu credit score, historial de pagos, saldos de tarjetas de crédito y otras cuentas existentes. Tu perfil de crédito puede influir en los programas para los que calificas y en las condiciones que puedes recibir.
Antes de solicitar un mortgage, es recomendable revisar tu credit report y asegurarte de que no haya errores o cuentas que no reconozcas.
3. Revisa tus deudas
Otro factor importante es tu Debt-to-Income Ratio, o DTI.
El DTI compara tus pagos mensuales de deuda con tus ingresos brutos mensuales.
Por ejemplo, si ganas $6,000 al mes y tienes $2,000 en pagos mensuales de deuda, tu DTI es aproximadamente 33%.
El lender utiliza esta información para determinar si tus obligaciones actuales, junto con el nuevo pago de la hipoteca, son manejables en relación con tus ingresos.
4. ¿Cuánto dinero tienes disponible?
También debes considerar cuánto dinero tienes disponible para realizar la compra.
Muchos compradores piensan únicamente en el down payment, pero comprar una casa puede involucrar otros gastos, como closing costs y prepaid expenses.
Y no, necesariamente necesitas un 20% de down payment. Dependiendo del programa de préstamo y de tu situación, puedes calificar con un down payment mucho menor. Algunos programas incluso ofrecen opciones de 0% down para compradores que cumplen con los requisitos.
Lo importante es entender cuánto dinero realmente necesitas para toda la transacción y no solamente para el down payment.
5. Tus activos también importan
El lender también verificará los fondos que utilizarás para la compra.
Estos pueden incluir dinero en tus cuentas bancarias, cuentas de retiro, inversiones o gift funds que sean permitidos por el programa.
Es posible que tengas que presentar bank statements u otra documentación para demostrar de dónde vienen los fondos y que están disponibles para la transacción.
Entonces, ¿cómo sabes si calificas?
La mejor manera de saberlo es obtener una pre-approval.
Durante el proceso de pre-approval, un mortgage professional revisa tus ingresos, crédito, deudas, activos y otra información relevante para determinar aproximadamente cuánto podrías calificar.
Más importante aún, una pre-approval te permite entender tu presupuesto antes de comenzar a buscar casas.
En lugar de encontrar una casa que te encanta y después preguntarte si puedes pagarla, puedes empezar tu búsqueda sabiendo qué rango de precio tiene sentido para ti.
En resumen
Calificar para un mortgage significa analizar tu situación financiera completa, no solamente tu credit score o tus ingresos.
Tus ingresos, crédito, deudas, activos y fondos disponibles trabajan juntos para determinar tu perfil hipotecario.
Antes de empezar a buscar casa, obtén tu pre-approval. Conocer tus números primero puede hacer que todo el proceso sea más sencillo y ayudarte a buscar con mayor seguridad.
Mortgage Calculator
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