Alliance Home Loans was founded in 2004 as Alliance Financial Resources LLC and now has 60 loan originators licensed in 30 states and fund more than 3,000 loans annually.
While they have a variety of loan products, they do seem to specialize in government-backed loans with an expanded opportunity for borrowers with less-than-perfect credit. This particular specialty can give one pause, since 2008 and the exposure of subprime loans as a basis for a fraudulent housing market. However, this company is widely lauded as one of the finest run and growing companies by all sorts of civic and business associations, which are clearly referenced on their website. Specifically, their loan programs include both fixed rate and adjustable rates through FHA, , VA, Conventional, Jumbo, Reverse, USDA, HARP, Second Chance and Commercial Loan programs.
Servicing the Client is Central
When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. To ensure your loan is truly affordable, a lender will verify your employment and income. Your monthly Debt to Income ratio – your total income, minus monthly credit payments and other debts — will also be considered. All the factors that the company has anticipated are answered in the Resource section of their website. There are articles and tables as well as step by step calculators that will walk clients through the process of applying for the loan.
User Friendly Website is Very Helpful
The site is organized by both subject matter, with a Loan Center that divides their information by the type of loan, with each layer of the loan’s processing broken down with document requirements and relevant financial considerations. They have a weekly posted rate report that includes the latest interest rates as set by the Fed. Probably a good company to work with either by email or personally.