Applying

To get started on buying a home, first tell us a bit about what your looking for. In addition, you can also call us at (571) 830-2800 to reach one of our loan professionals, or you can contact someone here.

To get started on refinancing your home, please first tell us a bit about what your looking for. In addition, you can also call us at (571) 830-2800 to reach one of our loan professionals, or you can contact someone here.

Yes, our digital home loan application platform is extremely secure. At Vellum Mortgage we value your privacy and strongly believe in protecting the confidentiality, as well as the security of the information that you provide during your application process. In addition, all data is transferred over a secure network.

If you are thinking about buying a home, the following guidelines will help you prepare.

Do:

  • Make and stick to a budget
  • Pay all your monthly bills on time
  • Locate and organize income, W-2, as well as tax information
  • Gather your bank and investment statements
  • Check with your loan officer regarding anything related to your current financial situation
  • Get a Verified Pre-Approval

Don’t:

  • Change jobs, become self-employed or quit your job
  • Change banks
  • Use credit cards excessively or let accounts fall behind
  • Omit debts or liabilities from your loan application
  • Buy furniture or appliances
  • Buy a car, boat or anything else with a motor
  • Co-sign for any loans for anyone
  • Apply for new credit or allow credit inquiries
  • Make large deposits or withdrawals without speaking to your loan officer
  • Spend money you need to set aside for closing

People often confuse these two terms in the home buying process. A Pre-Qualification is simply an estimate of how much home you can afford and how much money a lender would be willing to loan you. Alternatively, a Pre-Approval is a tentative commitment from a specific lender for mortgage funding. Please note that a Pre-Approval is not a guarantee that you will get a mortgage approval. In addition, you will receive funding when the property appraisal, title search and other verifications check out on the home you choose to buy. If you’d like to start the home buying or refinancing process, for example, a great place to start is to get a Verified Pre-Approval from Vellum.

During the pandemic, we believe it is critical for Vellum to be able to serve our customers. Therefore, our team is fully ready to work remotely and provide all of our regular services until it is safe to return to normal operations.

Yes, we provide a digital application platform that allows you to start and complete your mortgage from the comfort of your home. In addition, your Loan Officer will also be there to answer your questions throughout the process, from start to close.