Dependable Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide 10 to 30 year fixed rate.  One year, 3 year, 5 year, 7 year adjustable rate mortgages.  Second mortgages and alternative financing available.

We offer -

Purchase loans at 0 % down USDA and VA loans.

3.50 % down FHA loans.

5.00 % down Conventional loans.

In addition, we do all types of refinance loans including 90% cashout refinance loans. 

Ask us about Jumbo loans. 

Equity Lines of Credit up to 85% of value. 

We do owner occupied, second home and investment loans.  We can do fixed rate, Arms, or interest only loans. 

We do credit scores as low as 620.  We do our own processing in house so there's no miscommunication.  We have low rates, low closing costs, and great service.  So what are you waiting for? 

Fill out your application on this web site and let us go to work for you.

Remember, you have the right to choose your lender.

Definition of Terms

Abstract (Of Title)
A summary of the public records relating to the title to a particular piece of land. An attorney or title insurance company reviews an abstract of title to determine whether there are any title defects which must be cleared before a buyer can purchase clear, marketable, and insurable title.

Adjustable Rate Mortgage (ARM)
Is a mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the re-negotiable rate mortgage, the variable rate mortgage.

Amortization
Monthly loan payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.

Balloon (Payment)
Mortgage usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at the time specified in the contract.

Buydown
When the lender and/or the home builder subsidizes the mortgage by lowering the interest rate during the first few years of the loan. Rates do rise during the term, however the initial lower rate helps the borrower qualify for an amount they may otherwise not qualify for. This is an excellent instrument for those who anticipate the ability to pay slightly increasing payments in subsequent years.

Conventional Loans
A mortgage not insured by FHA or guaranteed by the VA or Farmers Home Administration (FMHA).

Earnest Money
Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment.

Fixed-Rate Mortgage
A mortgage on which the interest rate is set for the term of the loan.

Investor
Money source for a lender.

Jumbo Loan
A loan which is larger than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. These loans usually carry a slightly higher interest rate.

Loan To-Value Ratio (LTV)
The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage.

PITI
Principal, interest, taxes, and insurance. Also called monthly housing expenses.

Points (loan discount points)
Prepaid interest assessed at closing by the lender. Each point is equal to 1 percent of the loan amount (e.g. two points on a $100,000 mortgage would cost $2,000).


Secondary Market
A market for the purpose of purchase and sale of existing mortgages usually at discounted prices to provide greater liquidity to the mortgagee/lender.

Title
A document that gives evidence of an individual's ownership of property.

Title Insurance
A policy, usually issued by a Title Insurance company, which insures a homebuyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often paid by the purchaser and/or seller.

Truth-in-Lending
A federal law requiring disclosure of the Annual Percentage Rate to homebuyers shortly after they apply for the loan.

Underwriting
The decision whether to make a loan to a potential homebuyer based on credit, employment, assets, and other factors and the matching of this risk to an appropriate rate and term or loan amount.

VA Loan
A long-term, low-or no-down payment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements.

Verification of Deposit (VOD)
A document signed by the borrower's financial institution verifying the status and balance of his/her financial accounts.

Verification of Employment
A document signed by the borrower's employer verifying the status and balance of his/her financial accounts.

We can get

you the best rate.