The JS Realty Team is excited to introduce you to our preferred mortgage lender, Keith Harris!
Keith is a Licensed Realtor and Associate Broker who has been in the real estate industry since 2003 and the mortgage industry since 2011. Since then, Keith has closed over $250 million in real estate and mortgage transactions. His previous experience as a Realtor is valuable to both real estate agents as well as the borrowers, and he views both as his clients. You can be sure that Keith is always looking to provide the best solution for the borrower. He is available to meet with clients when it’s most convenient for them – so if the typical work week makes it difficult to get together, Keith is available on weekday evenings and most weekends. Keith’s professionalism, integrity, and stellar work ethic goes above and beyond to ensure his clients get the best possible outcome.
For 10 years, Keith has coached youth sports and he takes a similar approach in coaching his clients to get to a “winning” solution!
Keith Harris is a Lender at Intercoastal Mortgage Company. They are committed to spending the necessary time to understand your needs and tailor a loan best suited for you.
As a Full Service Residential Mortgage Lender, there’s no need for a “middle man”. These are only a few reasons why Keith is our preferred Lender:
- Direct Local Lender – not a broker
- Extremely competitive rates
- In-house Processing, Underwriting, and Closing
- Uses only local Appraisers who know our market
- Takes care of completing your loan application & paperwork
- Specialize in complex scenarios and First Time Homebuyers
- Free, 1-time float down, once rate is locked (scenario specific)
- Offers the following:
- FHA, VA, Conventional FNMA & FHLMC, Jumbo and Super Jumbo, USDA, Construction Loans, Bridge Loans, No Money Down loans
- Licensed in Virginia, Maryland and District of Columbia
To apply online, click here to fill out the loan application. There is no cost or obligation associated with obtaining a preapproval from Intercoastal Mortgage Company.
The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.
A pre-approval is a commitment by a lender to make a mortgage loan to a specified borrower, prior to the identification of a specific property. The pre-approval process starts with an interview and completion of a loan application, and ends with the lender issuing a pre-approval letter demonstrating that the applicant is a suitable buyer. The lender will typically require at minimum 2 years of W2 statements, 2 years of federal tax returns, 2 month’s of asset account statements, and a satisfactory credit report.
At this step the lender issues a written agreement guaranteeing the borrower a specified interest rate, provided the loan closes within a set period of time. To lock a rate the applicant must have a ratified contract and an established settlement date.
This is when the lender offers the official Good Faith Estimate, Truth in Lending Form and loan disclosures. These documents need to be presented to the applicant within 3 days of lock and will need to be signed and returned to the lender. It is also common for the lender to request additional supporting documentation at this point.
An appraisal is a written analysis of the estimated value of a property prepared by a qualified appraiser. This process is performed to make sure that the property is of fair market value and supports the agreed upon purchase price.
During the processing step the Loan Officer and his/her staff will gather and analyze all of the information to ensure that the applicant’s loan will meet the specific program guidelines. The Underwriter will then complete the final review of documents to verify that all appropriate disclosures and documentation is completed to support the issuance of final loan approval. It is common for the Underwriter to request additional explanations or documentation during this process.
The closing is a meeting in which the sale of a property is finalized with the buyer signing the mortgage documents and paying closing costs. Also called “settlement.” This is where the applicant receives their keys to their brand new home!
following waiting periods that are often much shorter than for conventional loans.