Purchase and Construction


Purchasing your home with Old Providence

When you’re ready to start looking for your new home, it’s important to have your financing in order as the first step.  Getting pre-approved with Old Providence Mortgage Co. will help you prepare for the hunt!  You can shop with confidence, knowing your price and payment range, and knowing that you can make your offer as soon as you find the right house.

 You also want to know that once your offer is accepted, your lender can prepare the loan for closing in a timely manner, with accuracy and integrity.

 Our experienced loan officers are ready to help you understand all of your financing options, and to help you view this purchase in light of provident financial principles that have served our community for generations.   Our access to over 30 of the nation’s top lenders ensures that you’ll get the best rate and fee structure possible, and our commitment to good old fashioned neighborly service ensures that your experience will be low-stress and extremely satisfying.  Click here to get pre-approved today or call our office at 801-292-1393 for an appointment!

Communication
Our state of the art technology sends you real-time updates on loan status. As soon as an event such as an appraisal, underwriting decision, or funding has been recorded in our system, you will be notified. No more wondering about the status of your loan! We also value the old-fashioned technique of answering the phone when you call!

Guaranteed good faith estimates mean happy closings!
Contrary to popular belief, a loan officer does have the ability to accurately predict closing costs. We are the first in the industry to guarantee our good faith estimates in writing! This means that if your loan is approved as quoted, the closing costs will be within 10% of our initial quote or we will pay the difference. In truth, we have been operating this way for years—with or without a written guarantee.

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Construction Loans

At Old Providence we offer a wide variety of construction loan programs from over 10 of the region’s top construction lenders.  This means more options for you, and the best rates and fees possible!

Building a home is stressful enough!
Building a home can be one of the most exciting and potentially stressful times of your life - that’s why it’s important that your lender helps take as much of the worry out of the loan process as possible.

You want to spend your time focusing on your home and your dreams, let us make the financing simple.  At Old Providence,  we offer a wide variety of construction loan programs from over 10 of the region’s top construction lenders.  

Provident advice and honest rates & fees
Because we want to be your mortgage lender for life, we will work tirelessly to provide a rate and fee structure that is extremely competitive and fair, and we’ll help you choose a loan program that won’t put your future plans at risk.  Our pre-approval process is among the most thorough in the industry, and focuses on your needs & goals as the first priority.

Some of our construction loan options*
One-time-close construction loans: By closing your permanent loan & your construction loan at the same time you can eliminate 50% of the closing costs normally associated with a 2-close traditional loan, and 100% of the uncertainty about your permanent loan!
Owner-builder programs: This unique program allows you to be your own general contractor, and can significantly reduce the costs of building your home.
Lot loans:  Whether you’re ready to build today or want to hold your lot for the future, we can help you understand the most cost effective option!
Payment deferral:  If you’re building a new home while you work to sell your existing home you’ll love our programs that require no payments during the construction phase of your new home!
Remodel & tear-down financing:  We can help you finance your remodel no matter how small or how big—even if you want to tear down the existing home and start over.

Click here to get pre-approved.

*conditions apply

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First time home buyers

With Old Providence Mortgage, buying your first home is easier and faster than you might think—let us show you how simple it is to make a wise decision on your biggest investment.

Buying your first home can be especially daunting—the process of negotiating an offer and making sure you get a home that fits your needs is not to be taken lightly.  At Old Providence Mortgage Co., we have helped hundreds of people buy their first home comfortably and without undue stress.

We start by working together to get an accurate picture of your future plans.  With this knowledge we approach our huge network of mortgage lenders and search out the right program and right rate for you.

If needed, we can also help you find a competent real estate agent to help you find the right home, negotiate the right price, and walk with you through this process.  With a team of experts on your side, you can own your first  home with much less stress and effort that you can imagine.

Provident advice and honest rates & fees
Because we want to be your mortgage lender for life, we will work tirelessly to provide a rate and fee structure that is extremely competitive and fair, and we’ll help you choose a loan program that won’t put your future plans at risk.  Our pre-approval process is among the most thorough in the industry, and focuses on your needs & goals as the first priority.

Versatile programs for first-time home buyers*
Low or no-down payment options: We can put together a number of loan options for you to choose from.  There are numerous zero-down options available, and even more options when you put 3% down.
Grant search: We can help you find and apply for various forms of down-payment assistance.  In addition to Federal and State programs, there are many communities and non-profit organizations that offer grant programs especially suited for first-time home buyers.
Unique rate lock options: With Old Providence, you can lock your interest rate even before you find your home.  You also have the options of floating down your rate lock if rates move lower before closing.  These rare lock options take away much of the stress associated with locking your interest rate.
Back-track refinance:  As your life-time mortgage consultants, we monitor your mortgage rate against the market, and we’ll let you know if refinancing might be beneficial.  As a return customer you will qualify for reduced closing costs through our back-track refinance program.

Click here to get pre-approved

*conditions apply

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