Why is an appraisal required for a mortgage? What happens if the appraisal is lower than the purchase price?

Whether you are buying your first home, next home or even vacation home – we're here to help you make the dream of home ownership a reality. SONYMA offers low-interest mortgage loans and programs to help qualified buyers purchase their home. Forms > Forms for Business and Nonprofit > Required Mortgage Loan Disclosure. Acknowledgment of Receipt of Home Mortgage Loan Informational Document ... Single-Family mortgage loans owned or guaranteed by Fannie Mae (Estimated as of Dec. ... Loan financing supporting the construction or renovation of ... Brokering and retail origination of closed-end residential first mortgages are activities primarily regulated by the Utah Division of Real Estate (DRE). Mortgage Licensing Act of 2008. The term does not include an employee of a mortgage broker or mortgage lender whose duties are limited to physically handling a ... Founders Mortgage Programs · 30-Year Fixed Rate Mortgage · 15-Year5 and 20-Year6 Fixed Rate Mortgage options · 15/15 and 7/1 Adjustable Rate options · Founders ... Your partner through every step of homeownership. Buy a home, fixed rate mortgage, adjustable rate mortgage, VA loan programs, FHA mortgage. ... mortgage loan, and make a plan to get you help with your mortgage. To find your nearest HUD-approved housing counseling agency, visit the U.S. Department of ... Mortgage lenders, mortgage brokers, banks, and credit unions employ mortgage loan originators to take mortgage applications and offer/negotiate terms of ...