What if I had slow payments in the past? Can I still get a loan?

Yes. We have loan programs that fit almost any credit situation. To find out if you qualify, contact us.

I’ m self- employed and can’t prove my income. Can I qualify?

Whether you’re self-employed or a salaried employee, 1st Regent Mortgage Funding has a program to fit your banking needs. Contact us now for details.

When Should I Pay Discount Points?

Discount Points are paid up front to obtain a lower interest rate. The more points you pay the lower the rate. One point equals one percent of the loan amount and will lower the interest rate. A loan amount of $100,000 at 1 point would cost $1,000.

If you think you'll be a long-term homeowner, it makes sense to pay points to buy-down the rate. This may be a little costly upfront but the long-term benefits are worth it. You will be given the option to reduce the interest rate by paying discount points. It will not be mandatory.

At 1st Regent Mortgage Funding we have our borrower’s best interest in mind. We usually don’t recommend that discount points be paid unless a 3rd party is paying them on the borrowers behalf. An example of this would be if the borrower is buying a house and the seller is paying the closing cost.