Learn the market and jargon


The market

Yes, now is a good time to buy as interest rates are still favorable, especially historically speaking. However, with low inventory, growing home prices and interest rates, it could make buying a home more difficult. Monitoring the market conditions and keeping an eye on inventory is a great option if you have time on your side. Don’t forget that this is a long-term, big picture investment. Be sure to review your finances and goals. This will help you determine if now is a good time to buy.

Our loan officers are happy to give you a holistic picture of your loan compared to other options using a total cost analysis. It will compare loan terms, pricing, and options to give you a clear understanding how each would affect your financial position over time. Through this analysis you may find a better loan option, or you very well may already have the best one. Find a loan officer to get started!

That is our specialty! As you and your real estate agent work with one of our experienced loan officers, they will review your unique financial position and help you determine what works best for your budget and financial goals. We’ll run scenarios on each home to identify how much you’ll need to borrow over specific amounts of time so you can have a clear understanding of what you can afford.

The jargon

This is the ratio of all your monthly debt payments, including the payment for your new mortgage, divided by your gross monthly income. This ratio is one way a lender determines your ability to manage your monthly mortgage payments and repay your loan.

Closing costs are fees and expenses for completing your mortgage loan transaction. These costs are typically 3%-6% of the loan amount and may include origination fees, taxes, insurance premiums as well as title and record filing fees. Keller Mortgage is required by law to provide you with a loan estimate when you submit certain information including your name, social security number, income, subject property address, estimated property value, and estimated loan amount.

This is a type of insurance that protects the lender against losses while allowing you, the borrower, to qualify for mortgage financing with a down payment of less than 20% and as low as 3% of the purchase price.

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Consumer Access

Keller Home Loans is a division of Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108. AL Consumer Credit License 22123; AK Broker/Lender License AK1025894. AZ Mortgage Banker License 0926603; AR Combination Mortgage Banker/Broker/Servicer License 109250; Licensed by the Department of Financial Protection & Innovation under the CA Residential Mortgage Lending Act, License 4131356; CO Mortgage Registration 1025894; CT Mortgage Lender License ML-1025894; DE Lender License 028515; DC Mortgage Dual Authority License MLB1025894; FL Mortgage Lender Servicer License MLD1827; GA Mortgage Lender License/Registration 46648; HI Mortgage Loan Originator Company License HI-1025894; ID Mortgage Broker/Lender License MBL-2081025894; IL Residential Mortgage Licensee MB.6761115; IN-DFI Mortgage Lending License 43321; IA Mortgage Banker License 2019-0119; KS Mortgage Company License MC.0025612; KY Mortgage Company License MC707287; LA Residential Mortgage Lending License 1025894; ME Supervised Lender License 1025894; MD Mortgage Lender License 21678; MA Mortgage Broker and Lender License MC1025894; MI 1st Mortgage Broker/Lender/Servicer Registrant FR0022702; MN Residential Mortgage Originator Exemption MN-OX-1025894; MS Mortgage Lender 1025894; MO Mortgage Company License 21-2472; MT Mortgage Broker and Lender License 1025894; NE Mortgage Banker License 1025894; NV Exempt Company Registration 4830. Licensed by the NH Banking Department, Mortgage Banker License 19926-MB; Licensed by the NJ Banking and Insurance Department. NJ Residential Mortgage Lender License 1025894; NM Mortgage Loan Company License 1025894; NC Mortgage Lender License L-186305; ND Money Broker License MB103387; OH Residential Mortgage Lending Act Certificate of Registration RM.804535.000; OK Mortgage Lender License ML012498; OR Mortgage Lending License ML- 5208; PA Mortgage Lender License 72932; RI Lender License 20163229LL. RI Loan Broker License 20163230LB; SC BFI Mortgage Lender/Servicer License MLS-1025894; SD Mortgage Lender License ML.05253; TN Mortgage License 190182; TX Mortgage Banker Registration 1025894; UT Mortgage Entity License 8928021; VT Lender License 6891; VA Mortgage Broker and Lender License, NMLS ID #1025894 (www.nmlsconsumeraccess.org); WA Consumer Loan Company License CL-1025894; WI Mortgage Banker License 1025894BA; WY Mortgage Lender/Broker License 3488. Toll Free #: (877) 978-1922. Subject to Credit Approval. For licensing information, go to: www.nmlsconsumeraccess.org