Why Finance with Prime Choice?

1. Competitive rates and loan options
2. Extraordinary client care
3. A+ rating with the better business bureau
4. Licensed in 25+ states

Purchase Process

1. Connect with one of our Mortgage Professionals

You can reach one of our Home Loan Specialist by choosing one of the following

  • By Phone 1-877-787-7463 and choose the proper selection
  • Fill out application form, and you will be directed to a Home Loan Specialist. They will reach out and set up a time to speak with you.

2. Set your goals

Every situation is unique which is why it is important to talk with one of our Home Loan Specialists to discuss your options. Find out about monthly payment options so you can identify what you qualify for and what you can afford

3. Select your loan program

When buying a home, you want to make sure the loan program you get into is the right fit for you. Whether choosing the loan type (Fixed or adjustable, conventional or government, 30-year term or less), you want to know your options. Our Home Loan Specialists can help walk you through the options and help you determine what fits your situation best.

4. Get approved

Once you determine that loan that is right for you, it’s time to run your credit and complete a loan application. Your credit report and loan application will be submitted to our automated underwriting engines to determine whether you meet the underwriting guidelines or not.

5. Submit requested items

Your Home Loan Specialist will send you a list of items that are needed to underwrite your application. It’s important to provide all the necessary documentation up front and in a timely manner so that the underwriter assigned to your loan can issue a Loan Approval and work towards getting your loan closed.

6. Close your loan!

After submitting your paperwork for underwritten approval, it’s time to close your loan. The closing of your loan is one of the final steps before your loan can be funded. A loan closing takes place either with a mobile Notary, who will bring the final paperwork to you or with a closing agent, often chosen by the sellers.

Family Couch

Program Options

Fixed Rate

Chose the stability of a traditional, fixed rate mortgage, which is one of the most popular for both refinance and purchase mortgages

Adjustable Rate

An option for those who are planning on staying in their homes short term or would like to lower their payments

FHA

FHA loans offer more flexibility with lower down payment and easy qualification.

VA

Available to all active duty and veteran military members, PCF is authorized to offer incredible programs not available to the general public.

Jumbo

Jumbo loans allow for higher loan amounts. PCF is able to work with you to get the best rate and term for your Jumbo loan

HARP

Are you a responsible homeowner who is close to being underwater or already underwater on your mortgage? A HARP loan could help you refinance to today’s low rates.

Home Equity

A fixed-rate home mortgage that let’s you borrow p to 90% of your home’s equity

Reverse

A unique opportunity available to borrowers 62 and older. Backed by the FHA, you can turn your home’s equity in to cash with no monthly mortgage payment.

Purchase FAQs

1. How do I know the price of the home I can afford?

Price is not the only factor in determining a home’s affordability. Other items include, interest rates, your credit scores, your down payment ability, and if you will qualify with your current monthly obligations. To see what kind of home you can afford, check out our Mortgage Affordability Calculator.

2. How long does the process take?

Typical escrows range from 30-60 days. This escrow period is what dictates when your loan will close. PCF can get closed quickly and efficiently and will not have a problem meeting the close of escrow date.

3. How much money do I need to purchase a home?

Typical conventional financing requires a down payment of 10-20%. There are other options available such as FHA programs which require as little as 3.5% down and VA programs (for active and veteran military personnel) which require no money down. There are other fees such as appraisal, closing, credit report, and lender fees which will all be discussed and disclosed early in the process.