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
Self-Employed Buyers Have More Mortgage Options Than They Think and Here Is What Actually Works
The Mortgage Myth That Is Keeping Entrepreneurs From Buying
If you are self-employed, own a business, or earn 1099 income there is a conversation worth having before you assume homeownership is complicated or out of reach. The truth is you probably have more options than you think and the bank that told you no may simply be the wrong lender rather than the right answer.
Why Tax Returns Tell the Wrong Story for Business Owners
Entrepreneurs make great money. A well-run business with smart tax strategy minimizes taxable income through legitimate deductions and write-offs. The same discipline that keeps your tax bill low is also what makes your tax return look unconvincing to a traditional mortgage underwriter who relies on adjusted gross income as the primary measure of qualifying income.
That is a problem with the tool being used to measure you, not a problem with your actual financial strength. A business that generates strong cash flow and a business owner who has managed it well for years is not a bad mortgage risk. A qualification framework that cannot see past the tax strategy is simply the wrong framework for that borrower.
The Programs That Are Actually Built for Self-Employed Borrowers
Bank statement programs use actual business or personal deposits over a twelve or twenty-four month period to establish qualifying income rather than relying on tax returns. The deposits reflect what actually flows through the business. That is a more accurate picture of a business owner's real income than the number left over after every legitimate deduction has been applied and it is the number that should be driving the qualification conversation.
For investment property purchases the situation can be even more straightforward. DSCR programs qualify the deal based primarily on the rental income the property generates rather than the borrower's personal income at all. If the rent covers the mortgage payment the loan works regardless of how complex the borrower's tax situation looks.
Why Hearing No Once Does Not Mean No Everywhere
Different lenders have different tools. A bank with a rigid conventional underwriting framework and no access to non-QM products will see a complicated tax return and decline the file. That is not a verdict on the borrower. It is a reflection of the lender's product limitations.
As Moses Alford explains you took a completely different path to make your money. You might need a different path to get your mortgage. That is not a problem. It is just a strategy question and the right lender has the right programs to answer it.
If someone has told you your income is too complicated to qualify give Moses Alford a call. He likes complicated.
Sources
ConsumerFinancialProtectionBureau.gov
MortgageNewsDaily.com
NationalMortgageProfessional.com
Investopedia.com
FannieMae.com
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