Toll Free: 866-887-3112
Phone: 703-556-0030
Fax:703-832-8632

FREQUENTLY ASKED QUESTIONS:

  1. HOW LONG DOES IT TAKE TO UNDERWRITE A LOAN?
    24-48 HOURS UPON RECEIPT OF A COMPLETE FILE

  2. HOW LONG DOES IT TAKE TO CLOSE AFTER LOAN APPROVAL?
    WHEN ALL CONDITIONS ARE RECEIVED AND SIGNED OFF WE REQUIRE 24 HOURS IN ORDER TO SCHEDULE A CLOSING

  3. CAN YOU DO E-MAIL CLOSINGS?
    YES, WE PREFER TO DO E-MAIL CLOSINGS

  4. WHEN CAN I LOCK MY INTEREST RATE?
    WHEN YOUR CONDITIONS ARE RECEIVED AND SIGNED OFF ON, NO MORE THAN 3 DAYS PRIOR TO CLOSING

  5. HOW LONG DOES YOUR BROKER APPROVAL PROCESS TAKE?
    1-2 DAYS UPON RECEIPT OF A COMPLETE BROKER PACKAGE

  6. WHERE DO I SUBMIT MY LOAN PACKAGE?
    METRO MORTGAGE ONLINE.COM
    ATTN: AARON BACUS
    8180 GREENSBORO DRIVE, #1175>br> MCLEAN, VA 22102

  7. WHAT IS YOUR LOSS/PAYEE CLAUSE FOR HOMEOWNERS AND TITLE INSURANCE?
    FIRST GUARANTY MORTGAGE CORPORATION
    ITS SUCCESSORS AND/OR ASSIGNS
    8180 GREENSBORO DRIVE, #1175
    MCLEAN, VA 22102

  8. DO YOU ACCEPT E-MAIL APPRASIALS?
    YES, PLEASE E-MAIL THEM TO AARONB@FGMC.COM

  9. WHO IS RESPONCIBILE FOR ORDERING & PAYING FOR FIELD REVIEWS?
    THE BROKER IS RESPONCIBLE FOR ORDERING AND PAYING FOR A REVIEW FROM AN APPRASIER ON OUR APPROVED LIST

  10. WHAT IS YOUR MINIMUM & MAXIMUM LOAN SIZE?
    $40,000 & $60,000 (FOR COMBO LOANS) / $1,000,000 MAXIMUM

  11. DO YOU LOAN ON MOBILE HOMES, COMMERCIAL PROPERIES, OR LAND?
    NO WE DO NOT

  12. DO YOU DO SECTION 32 LOANS?
    NO WE DO NOT

  13. DO YOU DO STAND ALONE SECOND MORTGAGES?
    NO (WE WILL CONSIDER THEM AT $50,000 AND ABOVE)

  14. ARE YOU AFFILIATED WITH FIRST GUARANTY MORTGAGE?
    YES, THEY ARE OUR PARENT COMPANY

  15. DO YOU PULL YOUR OWN CREDIT REPORT & CAN YOU USE THE BROKER?S CREDIT REPORT?
    YES, WE PULL OUR OWN CREDIT REPORT & UNFORTUNATLEY WE CANNOT USE THE BROKER?S CREDIT REPORT

  16. DO I HAVE TO BE A LISCENED BROKER IN THE STATE I DO BUSNINESS?
    YES, YOU MUST BE LISCENED IN THE STATE YOUR LOAN IS IN



8180 Greensboro Drive, Suite 500
McLean, VA 22102
Toll Free: 866-887-3112
Phone: 703-556-0030
Fax:703-832-8632

We lend in the following states: AR, AZ, CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, MI, MO, MN, MS, MT, NC, NJ, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY




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