BrightPath Home Loan Mortgage is a product of BrightPath Mortgage, LLC (NMLS #177208), a direct lender founded in 2001 and based in Atlanta, Georgia. BrightPath mortgages are available in 18 U.S. states. KEY POINTS
KEY TAKEAWAYS
- : BrightPath Home Loan Mortgage offers FHA, HomePath, USDA, VA, traditional and home equity mortgages.
- Specializes in multifamily real estate. Offers mortgages only for multifamily buildings; not single-family homes or manufactured homes.
- Standard interest rate types: BrightPath Home Loan Mortgage offers fixed-rate mortgages.
- Personal and investment real estate loans are considered. Financing is available for primary residences, vacation homes, and even investment properties such as rental properties.
- There is a prepayment penalty. This means that you will be charged an additional fee if you pay off your mortgage early.
BRIGHTPATH HOME LOAN MORTGAGE PROS & CONS
BRIGHTPATH MORTGAGE FAQ
How much can you borrow via BrightPath Mortgage, LLC?
BrightPath Mortgages allow you to borrow up to $2,000,000. Keep in mind that the maximum amount you can borrow will also depend on the type of mortgage you choose, regardless of the lender.
What mortgage rates does BrightPath Mortgage, LLC offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the type and term of the loan. For example, fixed-rate mortgages typically have higher interest rates than adjustable-rate mortgages, and jumbo loans typically have higher interest rates than conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a mortgage.
Do they charge mortgage origination fees?
Yes, BrightPath Mortgage may charge a loan origination fee.
What mortgage programs are available?
In addition to traditional mortgages, BrightPath offers the following types of mortgages:
FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive interest rates and less stringent qualification requirements. However, borrowers must pay a mortgage insurance premium. For example, you can apply for an FHA loan with a credit score below 580. Co-borrowers are allowed, and you can qualify for up to a 3% down payment.
HomePath: Fannie Mae Home Purchase and Improvement Financing.
What mortgage programs are available?
?
Some mortgage lenders limit the types of uses that borrowers can make of the mortgaged property. BrightPath allows the following types of property uses:
Primary residence
Second homes and vacation properties
Investment properties and home purchase projects
What is the customer service phone number?
The BrightPath Home Loan Mortgage customer service phone number is (888) 222-6003.
What is the support contact email?
The support contact email address is admin@brightpath.com.
