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At Element Funding, we’re dedicated to giving each customer a great experience. Our local home Loan Originators have decades of combined experience in the mortgage industry and can help you reach your short- and long-term goals.

Our local specialists have the resources of a huge national mortgage company and the friendly attitude of your neighbors. We know the area and the market, and we’re invested in our community. We’d love to help you with all your home financing needs, and we’ll make it as convenient as possible. Contact us today. We can’t wait to get to know you.
Patricia-Murray

Patty Murray
Mortgage Loan Officer | NMLS #1868851
Cell: 808-859-2629
Fax: 678-701-1545
pmurray@elementfunding.com
www.elementfunding.com/pmurray

 

APPLY WITH PATTY NOW

Charles-Murray

Chuck Murray
Mortgage Loan Officer | NMLS #1860233
Cell: 205-383-7094
Fax: 678-701-1545
charles.murray@elementfunding.com
www.elementfunding.com/cmurray

 

APPLY WITH CHUCK NOW

Mortgage Calculator

Mortgage Calculator

Use this mortgage calculator to determine your monthly payment and generate an estimated amortization schedule. Quickly see how much interest you could pay and your estimated principal balances. Enter prepayment amounts to calculate their impact on your mortgage.


Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Loan Programs

 

We offer hundreds of loan options so you can find the financing that works for your specific goals. See some of our popular loan options below. 

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Jumbo Loans

These loans have higher loan limits that help you purchase high-value property. Low down payments are possible.

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VA Loans

VA loans help make homeownership more attainable for veterans and military service members. These loans are federally insured and available with no down payment.* Plus, they don’t require private mortgage insurance.

*Closing costs and fees may still apply.

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FHA Loans

FHA loans come with low down payment options and lenient credit requirements. These federally insured loans are designed to help more people achieve their homeownership goals.

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USDA Loans

USDA loans are government-insured loans that help people purchase homes in rural areas. These loans are often available with low or no down payment.*

*Closing costs and fees may still apply.

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Conventional Loans

Conventional loans offer affordable rates and flexible down payment options.

Mortgage Process

 

Before you purchase a home, get acquainted with the basics of the home loan process. Follow these steps to familiarize yourself with common terms and milestones, and for a smoother overall buying experience. You’ll be glad you did!

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Preapproval

A preapproval helps you know in advance how much home you can afford. To start, you may be asked to complete a loan application. Completing this step will also increase your negotiating power when making a purchase offer.

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Documentation

Paperwork supporting the application must also be submitted, which includes income and asset documents.

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The Hunt

Begin shopping for a house. Once you find the right one, the terms of the sale will be negotiated, including the price and potentially the terms of the loan being sought. A professional real estate agent can make this part of the process fun and less frustrating.

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Inspection and Appraisal

Lenders require an appraisal and may require certain inspections on all home sales. By knowing the true value of the home, the borrower is protected from overpaying. During this time, a title examination is also performed to determine whether any liens exist on the property’s previous owners. 

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Loan Decision

The loan is approved or declined. A conditional loan approval may be contingent on additional documentation or actions. In some cases a counter approval may be provided with alternative loan options.

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Tuesday Updates

Each week our Loan Concierge provides a weekly status update to our clients and all involved in the transaction keeping everyone on the same page each week until closing. Additional updates are provided at other times during the process, however, we like to make sure all the bases are covered on a regular weekly expectation.

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Closing

All final loan and escrow documents are signed. The lender confirms and completes the transaction with the necessary loan funds.

Patricia-Murray

Patty Murray
Mortgage Loan Officer | NMLS #1868851
Cell: 808-859-2629
Fax: 678-701-1545
pmurray@elementfunding.com
www.elementfunding.com/pmurray

 

APPLY WITH PATTY NOW

Charles-Murray

Chuck Murray
Mortgage Loan Officer | NMLS #1860233
Cell: 205-383-7094
Fax: 678-701-1545
charles.murray@elementfunding.com
www.elementfunding.com/cmurray

 

APPLY WITH CHUCK NOW