🏡 Buy or Refinance a Home

🌟 Start Your Homeownership Journey with Confidence

Purchasing a new home is one of life’s most exciting milestones — and it’s about more than just interest rates!
Having a team of dedicated, licensed mortgage professionals by your side makes all the difference.

Whether you’re stepping into homeownership for the first time or considering refinancing your current home, our experienced Mortgage Advisors are here to guide you every step of the way.

🧾 Why Get Pre-Approved or a Commitment Letter First?

You don’t need to find your dream home before getting started!
By securing pre-approval, you’ll gain a clear understanding of your ideal budget, allowing you to shop with confidence and make informed decisions.

A pre-approval letter is an official commitment from the lender that shows sellers you’re a serious buyer who’s financially ready to close.
In today’s competitive market, that letter can set you apart from other buyers who haven’t taken that step yet.

📋 What You’ll Need to Qualify

Getting pre-approved is simple.  Just provide a few supporting documents, such as:

• W-2 forms
• Recent pay stubs
• Bank statements
• Tax returns

✅ Do’s and Don’ts for a Smooth Loan Approval

A smooth loan approval and closing process starts with preparation and awareness.
Even small details can have a significant impact on your mortgage experience.
Follow these helpful Do’s and Don’ts to keep your loan process on track.

✅ The Do’s

• Bring a cashier’s check made out to the title company for your closing costs.
  (Personal checks up to $500 are acceptable for closing.)
• Obtain homeowners’ insurance with coverage equal to your total loan amount or the home’s replacement value.
  Provide your agent’s name and phone number at least 10 days before closing.
• Provide us with a paper trail for any large deposits.  Include copies of paychecks, deposit slips, or asset liquidation forms.
  Please notify us if you transfer funds between accounts and provide the relevant documentation.
• Ensure a clear termite inspection report is on file for the property.
  If treatment is required, provide a receipt listing the chemicals used and the amounts applied.

🚫 The Don’ts

• Don’t open new credit lines or make large purchases without consulting your loan officers first.
  Significant expenses (like a new car or home appliances) can change your debt-to-income ratio.
• Don’t change jobs without first contacting your loan officer.
  A change in compensation structure can affect qualification.  
• (Employment may be reverified on the day of closing.)
• Don’t co-sign for any loans or credit lines.
  Even if you’re not the primary borrower, the payment will appear as additional debt on your credit report.

🏠 Ready to Get Started?

Your journey to homeownership begins here.
Contact Spurr Mortgage today to get pre-approved and move one step closer to your dream home!

People Also Ask:

🏠 Loan Types

💼 Conventional Loans

A conventional conforming loan allows you to borrow up to $806,500 to purchase a home.  Enjoy flexible loan terms and low down payment options designed to meet your financial goals.  You can also lock in your rate while shopping for your perfect home!

🏡 FHA Loans

Don’t have perfect credit?  An FHA loan allows you to borrow up to $524,225, insured by the Federal Housing Administration, and helps low- to moderate-income borrowers achieve homeownership with affordable rates and low down payments.

Looking for even more budget-friendly options?  Explore mobile and modular home opportunities that are available. 

🎖️ VA Loans

If you’re a veteran, active-duty service member, or eligible surviving spouse, you can purchase a home in Oklahoma with no down payment using a VA mortgage.  Enjoy competitive interest rates and additional benefits like no private mortgage insurance (PMI) requirements.

🌾 USDA Loans

Buying a home in rural Oklahoma? A USDA mortgage offers no down payment and affordable interest rates for qualifying borrowers based on income.  This program makes country living even more attainable.

🗝️ First-Time Home Buyer Loans

If you’re a first-time homebuyer, our expert mortgage team will help you find the best fit among the options above — Conventional, FHA, VA, USDA.

Our team at Spurr Mortgage will carefully review your information to determine what you can comfortably afford.
We’ll guide you every step of the way toward your first set of keys.