Mortgage Residential Mortgage Services

read moreSince 1991 home owners have turned to the home financing professionals at Residential Mortgage Services, Inc. (RMS) to make the "last mile" of home ownership as simple and straightforward as possible. From helping prepare your initial paperwork through settlement on the home of your dreams, you can trust that RMS has you covered. RMS is an independent, privately held and direct lender of residential mortgage products, and our loan officers have direct access to a full spectrum of integrated loan processing, underwriting and direct lending services - all under one roof.

read moreA Jumbo Loan may be the right loan option when buying a house with a high sale price or refinancing a property with a high appraised value. A mortgage is classified as a Jumbo loan, or Non-conforming loan, when it exceeds the maximum conventional loan (conforming) limits. Currently this limit is $548,250 for single family properties, as set by Freddie Mac and Fannie Mae. Jumbo loans can be used for financing Primary Residences, Second Homes, Vacation Homes and Investment Properties. If you're ready to start your jumbo financing today, let us help you take the next step in the mortgage process.

read moreSome properties need a little extra TLC to transform them in a dream home. Renovation and rehab mortgage options, such as the FHA 203k rehab and the Fannie Mae Homestyle Renovation loan program, combine home purchase or refinance with home improvement financing in one loan with one closing. This provides a convenient way for borrowers to make renovations, repairs or improvements with a first mortgage, rather than a second mortgage, home equity line of credit or another more costly financing method.

read moreAre you in the market for a new home? An FHA mortgage loan may provide the ideal solution if you would like to minimize your down payment. Issued by private lenders and insured by the Federal Housing Authority (FHA), FHA loans have helped millions of Americans achieve their dream of homeownership. Residential Mortgage Services can help you obtain an affordable FHA home mortgage loan tailored to your unique needs. RMS offers a quick and easy FHA loan application process. Our simple pre-qualification process lets you know exactly how much home you can afford.

read moreThe USDA-RD loan program is a location-specific program that accepts 0% down payment. This program allows approved mortgage lenders the ability to offer affordable home loan options guaranteed by the USDA-RD (United States Department of Agriculture - Rural Development). Individuals looking at buying a house or refinancing a property within a USDA-RD designated rural area may qualify for these fixed rate mortgages even with limited out of pocket funds for a down payment. The old real estate adage "location, location, location" is the key factor for a USDA-Rural Development loan.

read moreA VA loan can help an active military member, veteran, reservist or surviving spouse make the dream of homeownership come true. Backed by the U.S. Department of Veterans Affairs, a VA mortgage loan offers numerous advantages over a traditional mortgage product. As a VA home lender, Residential Mortgage Services offers a streamlined VA loan application process tailored to your specific needs. A Certificate of Eligibility (COE) will verify your length and character of service and is an essential component of the VA loan application process.

read moreA: Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan rate to a fixed loan rate or to consolidate debts. The decision to determine if refinancing is the right choice for you can be complicated, since there are several factors to consider. Since the pros/cons of refinancing can be difficult to calculate precisely, you should consult a mortgage professional before making any changes to your existing loan.

read moreRMS is committed to being a leader in the markets we serve. The #1 residential home lender in several states, we're rapidly growing market share in all of the areas we serve. In addition to our established physical branches, we also offer a secure Online Application to provide new home buyers and existing home owners the option of taking advantage of state of the art digital and mobile home financing tools. At RMS, we're committed to creating a positive work environment for our employees, providing exceptional service to our mortgage clients, and to being actively involved in and giving back to the communities we live and work in.