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My question
wasn’t answered here. How can I contact InterfaithCapital?
top of page |
| You can reach
us by phone in our offices between 8:00am and 9:00pm EST, Monday through
Friday at 1-877-346-6327 |
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| Is InterfaithCapital
entirely an electronic firm? top
of page |
| InterfaithCapital
is a brick and mortar company which has diversified to an electronic
format to better service the needs of it’s customers. The parent company
of InterfaithCapital, InterfaithCapital Corp., has closed over 3 billion
dollars of home loans. InterfaithCapital is a licensed lender in over
40 states. |
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| Who is
InterfaithCapital? top of page |
| InterfaithCapital
is a mortgage banker which is licensed in over 40 states. This means
that we also act as the broker which helps us lower your costs by
eliminating the middle man. As mortgage bankers, we are able to offer
the most competitive rates in the industry. We customize loans specifically
to fit your needs and offer both conforming and non-conforming loans.
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| How much
of a downpayment do I need? top
of page |
| There is no
set amount you need to put down. There are conforming programs that
require as little as 3% down or non-conforming programs that require
no downpayment at all. The amount you put down could affect your interest
rate. |
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| What if
I do not have any established credit? top
of page |
| InterfaithCapital
will work with you to obtain alternative credit such as using rental
histories, utility bills and phone bills as reference. We will find
a loan for you based on the information you are able to provide. |
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| What if
I had past credit problems like a bankruptcy or foreclosure? top of page |
| Past credit
problems do affect the amount of money you can borrow. If you have
re-established your credit after a bankruptcy or foreclosure, you
can qualify for a conforming loan or a non-conforming loan. If your
bankruptcy has been recently discharged, InterfaithCapital has a program
to fit your needs. |
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| How much
of a loan can I qualify for? top
of page |
| The amount
of money you can borrow is dependent on the your income, assets, debts
and credit history. To help you determine the approximate amount you
can borrow, go to the pre-qualification section. This will give you
a guideline on how much financing you can obtain. |
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| How do
I get started? top of page |
| It’s simple.
Go to our home page and click on one of our three loan programs, Purchase,
Refinance, or Second mortgage. Once you have chosen the loan type
you want, complete our online pre-qualification form and finally move
to our application. If you need help, click on either the Tools or
Advisors link on the bottom bar of any page. |
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| Can I lock
in a program and interest rate online? top
of page |
| Yes. You can
request a rate lock after you have returned your package to InterfaithCapital
and we have reviewed your documentation and credit information. We
will notify you via e-mail or telephone when you are able to request
a lock. |
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| How
quickly will my loan be approved? top
of page |
| You will receive
a response from InterfaithCapital immediately after your application
is submitted. Once your application is received, you can expect to
receive an answer within 24 hours. The time required to process your
application will be related to the completeness of your application.
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| What
is the cost to submit a loan application? top of page |
| Absolutely
free to you, of course, you will be responsible for paying the loan
processing and closing costs and any other fees to InterfaithCapital
at the time of closing. |
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| After I
am approved for a loan what should I expect? top
of page |
| Once
your loan application is approved, whether you applied online or by
mail, you will get notification from InterfaithCapital that your loan
is processing. Within 2 business days you will receive a loan package
via U.S. mail with a set of loan documents for your signature. This
mailing will also include a list of documents we will need to complete
your loan. |
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What
kind of documentation will I need to provide to InterfaithCapital
for verification?
top of page |
| There is no
single list of documents needed for all applicants but you should
be prepared to provide copies of bank statements, W-2's or any other
pertinent document necessary to InterfaithCapital. There are also
programs that allow you to obtain a loan without any income verification.
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| Where do
I close? top of page |
| The closing
normally takes place within 30 minutes of your home. The closing is
usually at an attorney’s office or at a title company’s office depending
on where you live. |
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| When
will I be ready to close my loan? top
of page |
| Closing will
be done once InterfaithCapital has received the required documentation
and our underwriter has signed off on the conditions. This usually
takes approximately 2-3 weeks. |
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| Can I apply
for a purchase loan before I’ve found my home? top of page |
| Yes. When
you apply for a purchase pre-approval you simply assume a maximum
purchase price, loan amount, and loan program. Once your loan has
been approved you can change any of these variables to match the specifics
of the house you have in mind. Please note that we cannot lock in
a loan until a property address has been specified. |
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| What advantages
are there to refinancing? top
of page |
| Refinancing
your existing mortgage can help to lower your monthly payments, shorten
the term of your mortgage, or get cash back for any reason. |
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| Can
I borrow all of the equity in my home? top of page |
| Yes,
you can borrow up to 100% of the equity in your home. You can use
this money to pay off debts, for home improvements, or anything you
need. |
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| Is it safe
to shop for a mortgage online? top
of page |
| Yes.
InterfaithCapital uses the latest in encryption technology to ensure
that your information is sent confidentially and securely over the
Internet, please see our security information page for more details. |
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| Does InterfaithCapital
share client information with other companies? top of page |
| Since
InterfaithCapital is a lender and does all of their processing in-house,
there is no need for anyone other than us to see or use your information.
Your personal privacy and the security of your personal data are a
primary concern of ours. InterfaithCapital believes that you should
be aware of who we are, the types of information we may collect on
our web site, and what we do with your personal information. Our overall
philosophy is straightforward. Under no circumstances will InterfaithCapital
sell or share any personal information about you to or with any person
or organization except to our authorized agents, or as may be required
by law or court order. |
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| What
happens if I have lost my password? top
of page |
| If you have lost your password
and have been issued a Loan ID #, please call one of our customer
representatives at 1-877-InterfaithCapital (346-6327) and they will
assist you. |
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