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
Down Payment Help Exists for First Time Buyers and You May Qualify Even If You Have Owned Before
The Down Payment Conversation Most First-Time Buyers Have Never Had
If the down payment is what is keeping you from buying your first home there is a very good chance you have been approaching the problem without knowing about the solutions that already exist. Moses Alford wants to have that conversation before you spend another year saving every penny on your own toward a target that assistance programs may already be able to help you reach.
What First-Time Buyer Programs Actually Offer
Depending on where you are buying and what you qualify for there are programs available that can help with the down payment, cover closing costs, and in some cases provide grants that do not require repayment. The specific programs and the amounts available vary by state, county, and municipality and the combination that applies to your situation depends on your income, the property you are buying, and the loan program you are using.
The range of assistance available is frequently larger than buyers expect. The assumption that these programs only cover a small fraction of the required upfront costs is often wrong. For some buyers the right combination of programs can cover nearly all of the cash needed at closing.
The Definition of First-Time Buyer That Surprises Most People
Here is the part of this conversation that genuinely surprises many buyers who have already owned a home. You may still qualify as a first-time homebuyer even if you have owned before.
Many down payment assistance programs define a first-time homebuyer as someone who has not owned a primary residence in the last three years. If you owned a home previously but sold it, lost it, or simply have not been on title to a primary residence in the past three years you may meet the definition that qualifies you for first-time buyer programs and all the assistance that comes with them.
That three-year window catches a significant number of buyers who have written themselves off as ineligible without ever actually checking.
Why Most Buyers Do Not Know These Programs Exist
The programs are real and they are funded and available. The problem is that they are not widely advertised and the landscape of what is available changes frequently. A program that existed in a county six months ago may have been funded out. A new program may have launched that nobody has told you about yet. Knowing which programs are currently active, which ones you qualify for, and how to stack them for maximum benefit requires someone who is actively working in this space.
That is Moses Alford's job. Not to tell buyers what they cannot do but to find out what help is already available for their specific situation and build a game plan around it.
What to Do Right Now
Comment the word FIRST below and Moses Alford will reach out to build your home buying game plan. Before you spend another year saving toward a number that assistance programs may already be able to help you reach find out what is actually available for you right now.
Sources
ConsumerFinancialProtectionBureau.gov
HUD.gov
FannieMae.com
MortgageNewsDaily.com
Investopedia.com
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