WHO WE ARE
The Accelerated Lending Source Team (Bob Willman, Cheryl Sanders, Scott Sanders and Garrett Farnsworth)
Photo by Sweetin Photography
Putting Customers First
We pride ourselves on providing superior customer service and creating satisfied customers. We work hard to satisfy the mortgage needs and exceed the expectations of our customers. We pride ourselves on the following:
We Do What's Right For You 100% of the Time
Cutting-edge Mortgage Origination TechnologyOur customers save money and close their loans quickly because we employ the most advanced mortgage technology available. In a rush? We welcome you to try our mortgage calculators! The Internet, advanced mortgage processing software, and automated mortgage underwriting systems are coordinated to speed up the mortgage process.
Highest Quality Mortgage ServicesFrom mortgage processing and underwriting, to loan closing and funding, our expert mortgage staff will efficiently expedite your entire transaction. We'll keep you informed every step of the way. We're committed to building rewarding, long-term customer relationships. With that in mind, you'll receive the highest quality mortgage services.
Meeting Every ChallengeWe rapidly respond to new opportunities made available in today's dynamic mortgage markets. As a result, the requirements of our mortgage customers are consistently met through mortgage underwriting flexibility and delivery of unique mortgage programs. With over 55 years of combined mortgage experience, we can identify niche mortgage programs that are essential to satisfying individual mortgage customer needs.
Phone and Location
*Please Note: The "Down Payment" and "Annual Taxes" fields can be manually entered in without the slider.
FREQUENTLY ASKED QUESTIONS
What is a Mortgage Broker?
A mortgage broker is a middleman between homebuyers and mortgage lenders. At Accelerated Lending Source, we will be your personal loan expert. We will review your income, asset and credit information, find appropriate mortgage products and advise you on the right mortgage products for YOU. “We do what’s right for YOU 100% of the time!”
Why should I use a Mortgage Broker?
You want to find a loan program that fits your lifestyle and financial needs. Shopping around for a loan can be time consuming and frustrating. We shop mortgage rates and products for you. Accelerated Lending Source can obtain interest rate quotes from multiple lenders and potentially find you a better deal. We give you different loan options to help you make an informed decision. Additionally, we are more accessible than bank loan officers because we are avabilable outside of banking hours. “We do what’s right for YOU 100% of the time!”
Why do some borrowers qualify for lower interest rates than others?
Interest rates are determined by many risk factors. The main ones, but not the only ones, are credit score, debt to income ratio, loan amount and loan to value. Typically, the lower the risk, the better the interest rate.
How often and why do interest rates change?
Interest rates change on a daily basis and sometimes more frequently! This fluctuation is generally driven by financial markets. The bond market can be a good indicator. Typically, when bond rates go up (not bond prices), interest rates go up as well.
When do I lock in a mortgage rate?
There are different lock periods available. The most common are either 30 or 45 days. If the loan doesn’t fund during that time, you can lose the rate or be required to pay additional fees. To help you determine when to lock in your rate, ask your loan specialist at Accelerated Lending Source how long the processing period generally takes for your type of loan. Some factors to consider are appraisal turn times , key dates in your purchase contract, and how mortgage rates are currently trending. “We do what’s right for YOU 100% of the time!”
What is the difference between a fixed rate and an adjustable rate mortgage?
With a fixed rate mortgage, the interest rate and the amount you pay each month remain the same over the entire mortgage term, traditionally 15, 20 or 30 years. With an adjustable rate mortgage (ARM), the interest rate is tied to an index and fluctuates as the index fluctuates. Initial interest rates of ARMs are typically offered at an interest rate lower than a fixed rate mortgage. ARMs typically cap how much and how often the interest rate and / or payments can change (up or down) in a year and over the life of the loan. Your loan specialist at Accelerated Lending Source can help you determine which is best for you based on your individual needs and circumstances. “We do what’s right for YOU 100% of the time!”
What types of mortgage loans are available?
There are many types of mortgage loans available to fit your needs. The most common ones are:
- Conventional – A conventional home loan is one that meets the requirements set forth by Fannie Mae and Freddie Mac. It is based on loan limits set by the Federal Housing Finance Agency. This amount is currently $510,400 for a one-unit property in the contiguous 48 states. It is not insured or guaranteed by the federal government in any way.
- FHA – An FHA loan is a government loan that is insured by the Federal Housing Authority. Because FHA loans are insured by the government, they have easier credit qualifying guidelines than most other loans, as well as relatively lown down payment requirements.
- VA – A VA loan is a government loan that is insured by the Veterans’ Administration. If you serve (active duty) or served in the Air Force, Army, Coast Guard, Marine Corps, Navy or the National Guard, you may be eligible for a VA home loan. If you qualify for a VA loan, you can borrow up to 100% for a purchase or rate and term refinance without paying mortgage insurance. Because VA loans are insured by the government, they have easier credit qualifying guidelines than most other loans.
- Jumbo – A jumbo loan is based on a loan amount that exceeds the amount set by the Federal Housing Finance Agency. This amount is currently $510,400 in most areas and $765,000 in high cost areas for a one-unit property in the contiguous 48 states.
While these are the most common types of loan, at Accelerated Lending Source, we realize that your scenario might not fit any of these loan types. We offer many additional loan types and will find the right loan for your circumstances. “We do what’s right for YOU 100% of the time!”