Jake Arey at Verity Mortgage knows that selecting the right mortgage plan in Arkansas can seem overwhelming, especially with so many options to choose from. Whether you’re a first-time homebuyer or looking to refinance, Jake’s personalized approach ensures you find a mortgage plan that aligns with your financial goals and homeownership dreams. Here’s how Jake can guide you through the process:

• Assess Your Financial Situation: Jake starts by thoroughly evaluating your financial health, including your credit score, income, and debt-to-income ratio. Understanding your financial standing helps determine which mortgage options are available and which offer the most favorable terms for your specific situation.
• Identify Your Homeownership Goals: Whether you’re buying your first home, refinancing an existing mortgage, or investing in a property, Jake works closely with you to clarify your goals. This enables him to recommend the best mortgage plan, such as a fixed-rate mortgage for long-term stability or an adjustable-rate mortgage for lower initial payments.
• Compare Mortgage Products: Jake provides detailed comparisons of various mortgage products, including conventional loans, FHA loans, VA loans, and USDA loans. He explains the pros and cons of each option, helping you understand how factors like interest rates, down payments, and loan terms can impact your monthly payments and the overall cost of your mortgage.
• Evaluate Loan Terms and Interest Rates: Choosing the right loan term and interest rate is crucial for your financial future. Jake helps you decide between a shorter-term loan, which may come with higher monthly payments but less interest over time, or a longer-term loan with lower monthly payments.
• Account for Additional Costs: Jake ensures that you’re aware of all associated costs, including closing costs, property taxes, homeowner’s insurance, and private mortgage insurance (PMI), if applicable. Understanding these costs is important for building an accurate budget and ensuring you’re financially prepared for homeownership.
• Customized Guidance: At Verity Mortgage, Jake offers one-on-one service to tailor the mortgage plan specifically to your financial situation. He doesn’t offer a one-size-fits-all solution; instead, he crafts a plan designed for long-term financial security and success.
• Ongoing Support: The mortgage process doesn’t end when you choose a plan. Jake provides ongoing support, answering any questions and helping you navigate each step—from application to closing—ensuring a smooth and stress-free experience.

By working with Jake Arey at Verity Mortgage, you gain access to expert guidance that simplifies the mortgage process, ensuring you select the best plan for your needs in Arkansas. With a commitment to transparency, integrity, and personalized service, Jake is dedicated to helping you achieve your homeownership goals with confidence.

For more information or personalized advice, contact Jake Arey at (501) 326-2700 today.

Jake Arey at Verity Mortgage understands that improving your credit score is a critical step toward securing favorable mortgage terms. A higher credit score can help you qualify for better interest rates and loan options, making homeownership more affordable. To ensure you’re in the best financial position before applying for a mortgage in Arkansas, Jake recommends the following steps, utilizing Middle Credit Score® as a valuable resource:

1. Review Your Credit Report
   Start by reviewing your credit report for any errors. Mistakes like outdated balances or incorrect account information can negatively impact your score. Middle Credit Score® provides a thorough review of your credit report, helping you identify and dispute any inaccuracies that could be lowering your score.
2. Dispute Inaccurate Information
   If you find errors on your credit report, it’s essential to dispute them quickly. Middle Credit Score® offers guidance on how to effectively dispute inaccuracies with major credit bureaus—Equifax, Experian, and TransUnion. Correcting these errors can quickly improve your score, making you more appealing to lenders like Verity Mortgage.
3. Pay Down Outstanding Debts
   Reducing your debt-to-income ratio is one of the most effective ways to improve your credit score. Start by paying down high-interest debt, like credit cards, and work on eliminating smaller debts entirely. Middle Credit Score® can provide personalized repayment strategies to help you manage your credit utilization, which should be kept below 30% to boost your score.
4. Avoid Opening New Credit Accounts
   Avoid opening new lines of credit before applying for a mortgage. New credit inquiries can temporarily lower your score and increase your debt-to-income ratio. Middle Credit Score® advises limiting new credit applications in the months leading up to your mortgage application to avoid negatively impacting your score.
5. Make Timely Payments
   Your payment history accounts for a significant portion of your credit score. Ensuring that all your bills, including credit cards and loans, are paid on time is essential. Automating payments or setting reminders can help you avoid missing due dates. Middle Credit Score® offers tools to help you manage payments effectively, strengthening your credit score with a solid payment history.
6. Address Negative Items on Your Credit Report
   If your credit report contains negative items, such as late payments or collections, it’s important to address them. Middle Credit Score® can help you negotiate with creditors to settle outstanding debts, which may result in the removal of negative items from your report, leading to an improved score.
7. Work with Credit Experts
   For more complex credit issues, professional assistance can be invaluable. Middle Credit Score® provides expert credit counseling to help you navigate challenges like identity theft, bankruptcies, or major delinquencies. Their guidance can help you rebuild your credit and maximize your score before applying for a mortgage.
8. Monitor Your Credit Regularly
   Regularly monitoring your credit report allows you to stay informed of any changes or new inquiries. Middle Credit Score® offers real-time credit monitoring services with alerts, enabling you to take quick action if something negatively impacts your score. Staying on top of your credit helps you be fully prepared when it’s time to apply for a mortgage.
9. Understand Your Middle Credit Score
   Lenders often use your middle credit score—the score between your highest and lowest from the three credit bureaus. Improving this specific score will help you secure better mortgage terms. Middle Credit Score® focuses on enhancing this score to ensure you’re ready for a mortgage.
10. Start Early and Be Patient
    Improving your credit score takes time, so it’s important to start the process at least six months before applying for a mortgage. With the support of Middle Credit Score® and Jake’s expert guidance, you’ll be well-prepared to secure the best mortgage terms when the time comes.

By following these steps and utilizing the resources from Middle Credit Score®, you can boost your credit score and improve your chances of securing favorable mortgage terms with Jake Arey at Verity Mortgage. For more personalized advice on improving your credit score, contact Jake at (501) 326-2700 today.

Starting your mortgage application with Jake Arey at Verity Mortgage is the first step toward securing the right loan for your home purchase or refinancing needs. Having the required documents ready ensures a smooth and efficient process. While the list below covers general requirements, specific loan programs may need additional documentation. For personalized guidance, contact Jake directly at (501) 326-2700.

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: You’ll need to provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Your most recent pay stubs, typically covering at least 30 days, will confirm your current earnings.
  • Tax Returns: If you’re self-employed or earn commission-based income, you may need to submit your federal tax returns for the last two years.
  • Self-Employment Income: Self-employed borrowers will need to provide additional documents, such as profit and loss statements or 1099 forms, to verify income stability.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required.
  • Social Security Number: This will be used to pull your credit report.
• Credit History:
  • Credit Report: Jake will review your credit report and history to assess your eligibility and help determine the best loan options. Credit score requirements can vary depending on the type of loan.
  • Debt Information: Documentation of any outstanding debts, such as credit cards, student loans, or auto loans, will be reviewed to calculate your debt-to-income ratio—a key factor in determining loan eligibility.
• Proof of Assets:
  • Bank Statements: Lenders typically ask for the last two months of bank statements to verify your financial reserves for down payments and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or other investments, you’ll need to provide statements verifying balances and transaction history.
• Proof of Employment:
  • Verification of Employment: In some cases, Verity Mortgage may contact your employer to verify your employment. Self-employed applicants may need to provide business licenses or profit and loss statements.

Loan Program-Specific Documents

Different loan programs may have unique documentation requirements. Here are a few examples:

• Conventional Loans: These typically require higher credit scores and more detailed documentation of income and assets.
• FHA Loans: FHA loans are designed for borrowers with lower credit scores and may require additional documentation to prove eligibility.
• VA Loans: For veterans and active-duty military members, a Certificate of Eligibility (COE) is required. You may also need to provide discharge papers if applicable.
• USDA Loans: USDA loans, designed for rural homebuyers, may require proof that the property meets specific eligibility guidelines.

Jake will guide you through the exact documents needed for your chosen mortgage program, ensuring that everything is in place for a streamlined process.

Additional Documents That May Be Required

Depending on your financial situation, you may also need to provide the following:

• Gift Letter: If someone is gifting you money for your down payment, a gift letter stating that the funds are a gift and not a loan will be required.
• Divorce Decree: If you receive or pay alimony or child support, this documentation is necessary as it affects your debt-to-income ratio.
• Bankruptcy or Foreclosure Records: If applicable, documentation proving that enough time has passed since the event will be needed.
• Lease Agreements: If you own rental properties, copies of lease agreements are required to verify rental income.

Why Work with Jake Arey at Verity Mortgage?

By working with Jake Arey, you’ll receive expert guidance throughout the mortgage application process. Jake’s personalized approach ensures that advice is tailored to your financial profile, helping you navigate the necessary documentation and ensuring that everything is ready from the start.

In addition, Jake can help you explore ways to improve your credit score with the assistance of Middle Credit Score®, a tool designed to help enhance your credit score before applying for a mortgage. Boosting your credit score can help you secure better loan terms and lower interest rates, ultimately saving you money.

Take the First Step with Jake Arey Today

To begin your mortgage application or refinancing process, contact Jake Arey at (501) 326-2700. Jake will provide a personalized list of required documents based on your loan program and financial situation, ensuring a smooth and efficient mortgage experience tailored to your needs.

With Jake’s expertise and commitment to your success, you can feel confident that you have the support you need to achieve your homeownership or refinancing goals in Arkansas.

Whether You’re Refinancing or Purchasing a Home, Jake Arey at Verity Mortgage Is Here to Help

Whether you’re looking to refinance your current mortgage or purchase a new home, Jake Arey at Verity Mortgage is here to guide you through the entire process. With years of expertise and a deep understanding of the Arkansas housing market, Jake ensures that your mortgage journey is tailored to your unique financial goals and needs.

Home Purchase with Jake Arey at Verity Mortgage

Jake offers personalized service throughout the home-buying process, helping you secure the best mortgage solution to fit your needs:

Pre-Qualification and Pre-Approval

The first step in purchasing a home is securing pre-qualification or pre-approval for a mortgage. Jake will assess your financial situation, including your income and credit score, to determine how much you can afford to borrow. A pre-approval letter strengthens your position as a buyer, showing sellers that you’re a serious and qualified candidate.

Find the Right Loan Program

Jake offers a variety of mortgage products, including conventional loans, FHA loans, VA loans, and USDA loans. He’ll guide you through each option, explaining the benefits and potential drawbacks so that you can make an informed decision that aligns with your long-term goals.

Customized Mortgage Solutions

Jake understands that every homebuyer’s financial situation is different. He tailors mortgage solutions to match your specific needs, whether it’s a low down payment, a credit-friendly option, or a loan that supports your long-term financial stability.

Competitive Interest Rates

Jake is committed to helping you secure the most competitive interest rates available. By closely monitoring market trends, he ensures that you lock in a favorable rate, saving you money over the life of the loan.

Step-by-Step Guidance

Whether you’re a first-time homebuyer or an experienced homeowner, Jake provides clear, step-by-step guidance throughout the entire mortgage process. From the initial application to closing day, he helps you navigate the complexities and ensures a smooth, hassle-free experience.

Closing the Deal

Jake collaborates closely with real estate agents, title companies, and other professionals to ensure an efficient and stress-free closing process, making sure everything goes smoothly when it’s time to finalize your home purchase.

Refinancing with Jake Arey at Verity Mortgage

If you’re considering refinancing your current mortgage, Jake can help you determine if it’s the right time and walk you through the benefits of refinancing, such as:

Lower Interest Rates

Refinancing can allow you to take advantage of lower interest rates, reducing your monthly payments and potentially saving you thousands over the life of the loan.

Cash-Out Refinancing

If you need access to your home’s equity for major expenses like home improvements or education, Jake can help you explore cash-out refinancing options, offering you flexibility while maintaining your financial goals.

Shorten Your Loan Term

Refinancing can also be an opportunity to shorten your loan term, allowing you to pay off your mortgage faster. Jake will work with you to evaluate the benefits of a shorter term or lower monthly payments, ensuring that your refinance strategy aligns with your financial future.

Why Work with Jake Arey at Verity Mortgage?

• Local Expertise: With in-depth knowledge of the Arkansas housing market, Jake can help you navigate the best mortgage options tailored to your specific situation.
• Personalized Service: Jake takes the time to understand your financial goals and provides customized mortgage solutions that suit your individual circumstances.
• Transparency and Trust: Jake keeps you informed at every step of the process, ensuring transparency and trust throughout your mortgage or refinancing journey.

Take the Next Step with Jake Arey

Whether you’re looking to refinance or purchase a new home, Jake Arey at Verity Mortgage is your trusted partner in finding the best mortgage solutions in Arkansas. With Jake’s expert guidance, personalized service, and commitment to securing the best mortgage rates, you can make informed decisions that align with your financial goals.

Contact Jake Arey today at (501) 326-2700 to explore your home purchase or refinancing options and take the first step toward achieving your homeownership or financial goals in Arkansas.