A 1% lower rate can save $100,000 in lifetime mortgage interest
*The 1% down-payment + 2% grant OR the lender funded 2/1 temporary buy-down is only for homes under $350,000. To qualify, buyers must have greater than 620 FICO scores and income less than 80% of Area Median Income. Closing cost assistance is only for current residents of specific census areas and not income limited.
Check eligibility for assistanceAltgage PrePay helps homeowners make smarter extra payments upfront that directly reduce the principal balance. Prepayments decrease every month as equity builds fairly and savings compound. Altgage is not a mortgage servicer. Homeowners retain responsibility for monthly mortgage payments paid directly to mortgage servicers.
Refinancing can restart your loan. Altgage keeps track of your current mortgage relative to market interest rates and can alert you when savings opportunities arise. Our customizable loan lengths can keep your pay-off plans on track while also reducing the monthly payment.
See your savingsUse a HECM* to extend your portfolio
A home equity conversion mortgage (HECM) is a FHA insured loan for principal residences of homeowners 62yrs or older. HECMs consume equity and do not require principal or interest payments . Owners are responsible for home maintenace, insurance and taxes.
See your savingsApply in 15 minutes • Get approved in 24 hours • Close in 15 days
“Maria wanted a home for her daughter. Altgage increased her budget by $30,000 and helped find a $3,800 grant.”
Maria, like many Americans is an immigrant. She serves her community as a "personal shopper" at HEB, a Texas grocery store. Maria is a devoted mom and wanted an affordable home for her small family. After paying nearly half of her income as rent, Maria wanted to buy a home by and build equity. However, high interest rates limited her homebuying budget to $160,000. Maria discovered Altgage through our realtor referral network and used the low rates on offer to elevate her homebuying budget by $30,000. She also received a 2% down payment grant totaling $3,800. At Altgage, we believe in the American dream of homeownership and "affordable mortgages for everyone.”
5-Star Review
“Chad and Tstatsa beat their local credit union's interest rate by 0.5% and used Altgage to transfer their home appraisal through a tricky process.”
Tsatsa and Chad met at UC Santa Barbara while pursuing their PhDs in Chemical Engineering and Computer Security. Chad runs Allthenticate, a security startup that believes “all passwords are weak” and instead helps users store security tokens that unlock everything from computers to physical doors. Tsatsa immigrated from Mongolia an loves spending time with her brothers when she’s not working as a chemical engineer. Chad and Tsatsa purchased their first home in Texas after learning the art of the possible in mortgages with Altgage. Closing day was also Tsatsa's birthday and a new home seemed like the perfect gift.
5-Star Review
“Rob boosted his credit over 50pts to qualify for an FHA loan as a first time homebuyer.”
Rob works for a Swiss security firm and recently transferred to the US. Buying a home with limited credit history can be a challenge, but Altgage's helped Rob and his wife, Melaine, quickly boost their credit and qualify for an FHA loan. It was a dream come true to finally have the space they've always wanted. Melaine also introduced her sister, Tashna, a nurse practitioner to finance her home with great rates and concierge service that every hoembuyer deserves.
5-Star Review
“Casey financed her retirement home, helped her son and several friends buy their dream home with market low rates”
After a lifetime in real-estate, Casey built her dream home in Horseshoe Bay. As with every construction, homes takes longer and cost more than expected. Altgage was able to boost Casey's credit by over a 100 points and provide financing just when it was needed to the most to bring her dream home to life.
After being impressed with Altgage's rates, credit boost, and 15 day closings, Casey introduced several family, friends and clients to get great deals on home ownership.
5-Star Review
Upgrade to underwritten approvals in 48 hrs
Buying a home is exciting, and we believe financing shouldn’t hold you back. Once you sign initial disclosures, we will help you close in 15 business days or less.
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Once you upload a signed contract, you’ll receive initial disclosure and your official loan estimate within 24hrs.
Review all documents and sign your “intent to proceed” and authorization forms so the loan can go to underwriting for approval.
An approval means your are well on your way and have a few remaining conditions to close the loan
The appraisal is typically the only thing paid for prior to closing to get an independent value of the home to avoid overpaying
Hazard insurance is essential to protect your home. Select your coverage and we help link it to your mortgage before closing day.
A clear title ensures you are purchasing a property free from any liens or encumbrance and you ownership interest is protected.
We’ll help you respond to any added requests from underwriting such as verification of employment and assets and ensure your rate is locked until closing day.
The closing disclosure is received at least 3 days before closing with any updates to terms such as rates, escrow and closing costs.
The “CTC” means no more actions are pending and the loan is ready to enter final balancing with the title company and close.
Prepare the funds to close via wire or cashier’s check and review your closing package. Sign all the documents and collect your keys. Congrats on becoming a homeowner! You did it!