Found your dream home? We can make it happen.

Use Promo Code i*As low as 2.75% APR for 120 month term

2.75% APR*

Fixed Rate Mortgage

Use Promo Code:

*As low as 2.75% APR for 120 month term

We Can Help Bring Your Dreams Home with a PrimeWay Mortgage

PrimeWay helps you navigate the loan process and finds a payment that fits your budget, allowing you to relax and enjoy your new home.

We understand how overwhelming it is to maneuver through the financial side of buying a home. PrimeWay is here to help you every step of the way so that you can make an informed decision about which home mortgage loan option is best for you.

We'll take care of you from the beginning by helping you find out how much you can qualify for to applying for your mortgage loan – and every step in between.

Why Choose PrimeWay for Your Home Loan?

  • EXPERIENCE – We put our experience to work for you. Our Mortgage Loan Specialists are knowledgable and work with you to find the right option to fit your needs and budget.
  • GUIDANCE – The mortgage loan process can be frustrating to navigate. But you are not alone—we guide you every step of the way and help you find the loan that’s right for you.
  • ONGOING SUPPORT – As you grow into your new home, we’re always here for you. Your financial goals are our top priority and that doesn’t end when you get the keys to your new home.

Request More Information

Mortgages FAQ

What mortgage best fits my needs?

Fixed-Rate Mortgages

Key Benefits

Consider If You

  • Provides the lowest fixed rates for eligible buyers
  • Because it's fixed, there are NO interest-rate surprises
  • Plan to stay in your home for a long time
  • Have an established credit history
  • Can put at least 5% down for the home

Adjustable-Rate Mortgages (ARMs)

Key Benefits

Consider If You

  • Provides the lowest short-term rates
  • Initial lower monthly payments
  • Initial fixed rate periods of 3-10 years, then rate can adjust or down thereafter
  • Plan to move before the end of the initial fixed-rate period
  • Want an initial monthly payment lower than usually offered by fixed-rate mortgage
  • Have established credit history
    Can put at least 5% down for the home

FHA Loans

Key Benefits

Consider If You

  • Low down payments
    Fixed-rate loans available
  • Flexible qualification guidelines
  • Have limited funds for a down payment
  • Don't have an established credit history or have experienced credit challenges in the past

VA Loans

Key Benefits

Consider If You

  • Provides the lowest fixed rates for eligible buyers
  • Because it's fixed, there are NO interest-rate surprises
  • Plan to stay in your home for a long time
  • Have an established credit history
  • Can put at least 5% down for the home

Jumbo Loans

Key Benefits

Consider If You

  • Provides the lowest fixed rates for eligible buyers
  • Because it's fixed, there are NO interest-rate surprises
  • Plan to stay in your home for a long time
  • Have an established credit history
  • Can put at least 5% down for the home
What are my refinancing options?

Traditional Refinancing

A traditional refinance is a low-cost conventional loan that may lower your monthly payment or let you pay off your house sooner. Even if your current mortgage is with another lender, you may be able to get a traditional refinance home loan from PrimeWay.

Key Benefits Requirements
  • Lower your monthly payment
  • Change the term of your loan to build equity faster or pay off more quickly.
  • Pay less in costs and fees; conventional refinance loans may cost less than FHA or VA loans
  • Higher credit score - conventional refinance loans aren't backed by the government
  • Have home equity of 20% or more to avoid private mortgage insurance
  • Current market value of your home must be higher than your current home loan balance

Cash-Out Refinancing

With a cash-out refinancing you can access the equity in your home and get cash at closing, paying off the existing mortgage and any liens. Refinancing with cash out is an alternative to a home equity loan.

Key Benefits Cash-Out Refi Types
  • Access funds for any financial need, including college tuition and home renovations
  • Competitive rates for an economical way to fund big purchases or other needs
  • Simplify and consolidate debt like credit cards, student loans or auto loans
  • Conventional cash-out refinance - less eligibility guidelines than FHA or VA refinance, but do have income and credit score requirements
  • FHA or VA cash-out refinancing - government backed offering attractive terms if you are eligible
What is a down payment?

A down payment is an up front payment towards the cost of a home. Typically, the more you're able to put down, the lower your interest rate and monthly payment.

Why would you get a lower interest rate? When you put more money down, you're taking some of the risk from the lender. It is your cash investment in your home and the lender can reciprocate by giving you potentially lower mortgage interest rates.

Typically, to get the lower mortgage rates, you will need down payment of at least 20 percent of the home's purchase price.

It is possible to purchase a home with a down payment of 15 percent, 10 percent, or even less. FHA mortgages and VA loans are government backed that may be available to qualified home buyers with little or no down payment. With these loan programs, you may be required to pay for mortgage insurance, which is an additional monthly expense to your mortgage payment.

What is the mortgage loan process?

The mortgage loan process mostly consists of mortgage paperwork; providing documents to show how much you earn, where you've lived, monthly debts and account balances.

Most of the information can either be provided in person or on your application. There are a number of additional documents you may need to provide - it will depend on where you are in the loan approval process.

What is a mortgage prequalification?

Mortgage prequalification is an assessment of whether your debt-to-income ratio fits mortgage guidelines and provides an estimate of the amount you may be able to borrow. A prequalification letter can also be given to your real estate agent to show you are a serious home buyer. Prequalification is optional, but it's a helpful step in the process of buying a house.

Mortgage prequalification is free and doesn't require a commitment from you or the bank or credit union.

Mortgage prequalification checklist

It is convenient to get prequalified and can help you in the mortgage process. Here's what you'll need to provide for a mortgage prequalification:

  • Your name (plus any co-borrowers' names)
  • Your current address
  • Your estimated annual household income
  • Your estimated monthly household debt expenses
What needs to be provided for a mortgage pre-approval?

You can apply for pre-approval at any time, regardless of whether you've completed a the prequalification process. You'll complete a full mortgage loan application, which will include the following information.

This is a partial list as varying information and documentation can be requested during the closing process. Your mortgage specialist can tell you about any additional requirements.

Residential History

  • Your residential address for the past two years
  • Landlord names and addresses for the past two years

Personal Assets

  • Past months checking and savings account statements
  • Past two months for other investments, including CDs, IRAs, stocks, bonds or other securities you intend to use for your down payment
  • Current real estate holdings, including property address, current market value, mortgage lender's name and address, loan account number, balance and monthly payment

Employment & Income History

  • Paycheck stubs from the last 30 days showing your year-to-date earnings
  • W-2 or I-9 tax forms for the past two years

Personal debt

A list of any new monthly debts not listed on your credit report (auto loans, student loans, mortgage loans, credit cards, etc.), including creditor name, address, account number, minimum monthly payment amount and outstanding balance on each account.

Additional documents may be required at your mortgage closing. Your real estate agent and mortgage loan officer will let you know which documents will be needed when you close on your new home and they'll work closely with you at each step of the mortgage loan process.