Home Purchase Financing

What type of home are you looking to purchase?

We work hard to make the financing of your new home a seamless experience.

Whether you are a first-time buyer or seasoned investor, purchasing a new home can be a stressful process. We take the stress off your shoulders and walk you through the process every step of the way!!

Our experience and expertise in the industry qualify us to assist you in finding the home loan financing that is best for you.

We take pride in making sure each of our clients feel comfortable with the options available to them and understand the mortgage process. There are several different types of purchases such as purchasing an existing home, building a new home, or purchasing an investment home that each come with their own unique criteria and processes which is why you will find information about each on our site. Take a look around and when you are ready, click on the Contact Us page to talk with one of our knowledgeable loan consultants or apply to get pre-approved for a new home loan.

The Importance of Getting Pre-Approved

Getting a mortgage pre-approval before you start your home search is an important step that many would-be homebuyers skip. But today, getting pre-approved is more important than ever in making sure you know how much you can afford and are prepared to make an offer when the right home comes along.

Should I get pre-approved for a mortgage loan?

In recent years, mortgage guidelines have been tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the process and uncovers potential pitfalls long before you become obligated by a contract to purchase.

What advantages will I have once pre-approved?

You’ll be certain about the price range that’s best for you. You’ll know how much cash you’ll need to close, and you’ll know your maximum monthly payment. Understanding your limits will help you negotiate with confidence. Plus, since sellers like a sure thing, you’ll have an advantage over buyers who may not have been through the process.

How long is the pre-approval valid?

Your pre-approval is typically good for the “shelf life” of the documents used. These will include a credit report, pay stubs, bank statements, W2s, tax returns, etc. The usable life of these documents will vary, yet it’s usually safe to say that your approval is good for up to three or four months. During this time, it pays to file all important financial documents so they’re readily available for future updates.

What if I change my mind?

That’s perfectly fine. There’s no obligation to purchase a home or use a particular loan program once you’ve been pre-approved. In fact, pre-approval simply helps to assure you know exactly what’s involved, that you are comfortable in a particular price range, and that you are truly ready to make your move.

Learn More

Visit our Knowledge Center filled with helpful articles and loan resources.

Apply Now

Use our secure online mortgage application to apply for a home loan today.

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All loans are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. Whitecap Mortgage Delmarva LLC, 884 Walker Rd., Ste. B, Dover, DE 19904. Phone 302-514-0363. Corporate NMLS#2435455 (nmlsconsumeraccess.com). Licensed by the Pennsylvania Department of Banking and Securities, Delaware State Banking Commission, and Maryland Department of Labor.