Your Local Mortgage Lender
Located in Tampa, Florida
Personalized Mortgage Experience
Moses Alford offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Tampa, Florida.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
Builder Incentives Sound Great Until You Compare the Full Loan Picture and Here Is What to Check First
The Conversation Worth Having Before You Walk Into the Builder Sales Office
Buying a brand new home is exciting and builders know exactly how to make the financing piece feel like part of the excitement. Preferred lender incentives, closing cost credits, rate buydowns funded by the builder. These offers are real and sometimes they are genuinely good deals.
Sometimes they are not. And the only way to know which one you are looking at is to actually compare the full picture rather than just the headline number.
What Builder Lender Incentives Actually Include
Builders offer incentives to buyers who use their preferred lender because that relationship benefits the builder. The lender is part of their business ecosystem and steering buyers toward them has value for the builder beyond whatever they are offering you.
That does not mean the deal is bad. It means it deserves scrutiny rather than automatic acceptance.
As Moses Alford explains the comparison needs to go beyond the rate. The full picture includes the rate, the closing costs, the lender fees, any credits being applied, and how all of those components interact to determine what you actually pay at closing and what your ongoing monthly obligation looks like. A rate that appears competitive with significant points buried in the closing costs is a different deal than it appears on the surface. A credit that sounds generous may come with a rate adjustment that costs more over time than the credit saves upfront.
What the Comparison Actually Looks Like
Bring Moses the builder's loan estimate before you commit to anything. He will run a side-by-side comparison that looks at the complete cost of both options rather than just the number the builder is leading with. Sometimes the builder's preferred lender wins that comparison. When that is the case Moses will tell you. Sometimes it does not. Either way you make the decision with full information rather than with just the information the builder's sales team chose to present.
The Extended Rate Lock Option Worth Knowing About
New construction timelines are unpredictable. A home that is scheduled to be completed in four months may take six or eight. If you locked a rate in month one and the home is not ready until month seven you may be facing a rate that has expired and a market that has moved.
An extended rate lock option protects you against that scenario by holding your rate for a longer period while the home is being built. It is not free and the cost needs to be factored into the overall comparison but for buyers whose home completion is still several months out it can be a meaningful protection against rate movement during the construction window.
What to Do Right Now
Go pick your floor plan. Choose your countertops and your finishes and all the parts of the process that are genuinely fun. Before you pick your financing call Moses Alford. Let him compare the builder's offer against what is available in the broader market and make sure that builder special is actually special before you sign anything.
Sources
ConsumerFinancialProtectionBureau.gov
FannieMae.com
MortgageNewsDaily.com
Investopedia.com
BankRate.com
Mortgage Calculator
See your total mortgage payments using the tool below.
| Year | Interest | Principal | Balance |
|---|
