Your home journey starts here
Choose a mortgage specific to your needs
We are happy to guide you through the many options available for your home financing.
We'll guide you to a better place
Not sure where to begin on your home buying journey?
Here's a quick guide to help you get started.
1. Prepare your finances
Take some time to review your credit score and income. Avoid taking out loans, opening credit cards or making large purchases for six months. Then, get a quick estimate of what you can afford with our Affordability Calculator.
2. Start Application
Get an estimate for the amount you’ll be able to borrow, so you can confidently search for homes within your budget. With Pilgrims Mortgage, you can get pre-qualified in as little as three minutes with no impact to your credit score.
3. Get Pre-Qualified
Getting pre-approved by a lender helps you make a strong and competitive offer. A loan officer will verify your income and assets, so you’ll want to prepare documents such as pay stubs, W-2’s and bank statements.
4. Underwriting
After the seller accepts your offer, it’s time to begin the formal mortgage application for your new home. Our loan officers will be available to provide expert guidance for your unique situation, every step of the way.
5. Clear to Close
In most states, you’ll close your loan with an escrow company. Once your loan is approved, the lender sets a date to finalize the sale and check your credit one last time.
Gov. Insured Loans
Attractive loan terms
Government-insured mortgages, also known as government-backed mortgages, are home loans that are insured or guaranteed by a federal agency. These loans are designed to help specific groups of people, such as first-time homebuyers, veterans, and those in rural areas, by reducing the risk for lenders.
0%
Down Payment
580+
Credit Score
Conventional loans
Different term options available
A government program doesn’t directly back a conventional mortgage loan. Most of these loans are also “conforming,” meaning they adhere to the standards set by Fannie Mae or Freddie Mac. These two government-sponsored entities buy mortgages from lenders and then sell them to investors.
3%
Down Payment
680+
Credit Score
Non-Qualified Mortgage
Good option for investors
Non-QM (Non-Qualified Mortgage) loans are home loans that don’t meet the strict criteria set by the Consumer Financial Protection Bureau (CFPB) for qualified mortgages. These loans are designed for borrowers who may not fit the traditional lending requirements but still have the financial means to repay a mortgage.
