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This particular lending institution identifies itself through its alleged application of Christianity and its values to its business practices. In other words, they claim to be more interested in doing “good” for their clients rather than merely pursuing profit. It is obviously not possible in a review to assess what their Christian commitment means to the borrower. It is only through applying for a loan that the details of the actual contract can be assessed. However, the general idea of preparing to buy a home or refinancing seems the same.

Your Income and the Home Loan

When any lender makes a decision about a particular borrower’s 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 seems to be of great importance to Fellowship Home Loans. They claim that they put their values above profits and provide all sorts of examples of how they are charitable and informative. Their message is often bent toward assuring potential borrowers that the Fellowship Bank will not seek out those who are unable to afford a home.

Get with the Times

This appeal is common today since so many people were misled by unscrupulous lenders into loans they could neither afford nor escape. They claim to keep abreast of the market’s changes and help their clients know what to expect financially. They offer a full complement of loans including FHA and VA government options, as well as HARP. There copy on the website seems to be from 2010, since they seek to allay the fears of those who think that homes don’t increase in value. Time to update the website.