Everett Financial
Helping you get home
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Everett Financial
Helping you get home
About Us
Our Philosophy & Benefits
We have a strong and genuine belief in the “ building customers for life” principal of doing business. It is what fuels our company. Referrals from previous customers and local real estate professionals have always delivered the majority of the Everett’s production.
Everett Financial, Inc is a mortgage originator. We have built a level of trust with our investors, which translates into EFI’s ability to underwrite, close, and fund loans that investors will buy. For the consumer it means low interest rates and closing costs, with fast turnaround times.
Jason Young
Division Manager | NMLS #7513
GA License # 63792
Atlanta, Georgia
Everett Awards
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Past, Present, and Future
See who we are, where we came from, how we think and how we work for you and your family.
Everett Financial, one of the most respected Mortgage Bankers, was established in 1999 by Scott Everett. Having an extensive business and mortgage background, Mr. Everett has secured the respect of mortgage professionals and is committed to attracting not only the most professional loan officers but also the most cutting edge loan products.
Everett Financial continues to grow by adding branches, loan officers and support staff throughout the United States. With our ever expanding branch network and expert mortgage professionals, we take pride in offering our customers a wide variety of loan products and committed to helping them achieve their dream of home ownership.
Our Culture
The Everett Financial culture is one where the customer comes first. It is our goal to build customers for life by helping homebuyers achieve their dreams. Our customers will always be treated fairly and honestly and given the most competitive interest rate possible.
We pride ourselves in communicating with our customers throughout the entire home buying process, by educating and informing our customers throughout the entirety of their loan. We do everything in our power to get all loan documents to the title company in advance, so our loans will close on time. This is extremely important in building trust with consumers and referring REALTOR® partners.
Past, Present, and Future
See who we are, where we came from, how we think and how we work for you and your family.
Our Culture
The Everett Financial culture is one where the customer comes first. It is our goal to build customers for life by helping homebuyers achieve their dreams. Our customers will always be treated fairly and honestly and given the most competitive interest rate possible.
We pride ourselves in communicating with our customers throughout the entire home buying process, by educating and informing our customers throughout the entirety of their loan. We do everything in our power to get all loan documents to the title company in advance, so our loans will close on time. This is extremely important in building trust with consumers and referring REALTOR® partners.
What to Expect
The Loan Process
1. Loan Application
Borrower can apply online or meet with a Loan Officer face to face, or communicate through email, phone or fax.
2. Loan Setup
Order residential appraisal, Send required disclosures to client, Send verification to applicable entities.
3. Loan Processing
The processor is your contact during all processing and compiling of information for loan submission. Email all information for loan processing to your processor.
4. Underwriting
Evaluation of credit and property in determining adherence to Everett Financial, Inc guidelines.
5. Closing
Loan Officer will send prepared Closing Disclosure for borrower signature 3 days prior to closing.
6. Post Closing
Please feel free to call us for any assistance you may need after closing.
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Don’t Be Shy
Products
Popular Loan Programs
Whether you’re refinancing or looking to purchase, we offer several conventional and special loan programs to fit your individual needs.
Lock & Look
With Everett Financial’s Lock & Look™ program* you can lock in a great interest rate now and take your time fi nding the home of your dreams. You can shop with con dence knowing you have your interest rate locked in for a full 60 days and are already quali ed for a loan with Everett Financial. With Lock & LookTM, you get 30 days to look and another 30 to close. And, there is NO up front fee!
*Lock & Look is a registered service mark of Everett Financial and is available on Conventional 30 & 15 year fixed rate and FHA 30 year fixed rate loans for qualified borrowers. Lock expires after 60 days. Prequalification request must be made with Everett Financial. Limited time offer. Available for conventional 15 and 30-year fixed loans and FHA 30-year fixed loans only.
FHA
Advantages:
- Bankruptcy not an automatic disqualification
- Lower interest rates
- Down payment is less
- Lower mortgage points and other closing cost requirements
- Resale can be made more quickly
- Is backed by the U.S. government
Features:
- Down payment required
- Higher upfront Mortgage Insurance Premium (MIP) than on conventional loans but monthly MIP is lower
- Loan Limits are lower than conventional
- MIP required regardless of the Loan-to-Value (LTV)
VA
Advantages:
- No down payment
- VA does not require private MIP
- Limit on the amount of origination fees and closing costs that the lender can charge
- Limit also placed on appraisal fees
Features:
- Borrower with eligibility remaining must have a Certificate of Eligibility from the VA
- Borrowers are required to make a one-time funding fee based on loan amount and applicant’s service length.
- Closing costs can be paid by the lender and the seller.
USDA
Advantages:
- No down payment requirement
- Property must be located in an eligible rural area
- Closing costs can be added to the loan amount (if the property appraises high enough to include it at up to 100% of the appraised value)
- Loan government guarantee fee up front and annual
- Low interest rates
- Applicants with a wide range of credit profiles may qualify
- Income eligible applicants who do not qualify for conventional financing may qualify
- Families & individuals that have minimal funds for a down payment and closing costs includes first time homebuyers and repeat homebuyers
- Seller concessions – 6% max
- No cash reserve requirement
- No Non-Allowable costs
- No First Time Homebuyer Requirement
- 30 Year Loan @ competitive fixed rate
- No limit on gift funds
Features:
- Property must be in very good condition and have a high insulation R-factor
- You cannot make over 115% of the median county income to qualify
- Must be able to verify income limits
Homeready
Program Highlights
- 30 Year Fixed Rate, Primary Residence Only
- 97% Maximum LTV/CLTV with a 620 FICO
- 1-4 Unit Single Family, PUD, Condo Eligible
- Purchase and Rate & Term Re nance Available
- Maximum Qualifying Ratio of 50%
- No Minimum Borrower Contribution Required – Gifts Allowed
- Homebuyer Counseling Required
- Mortgage Insurance Required
Borrow Income Limits
- No income limits for properties located in low-income census tracts
- 100% of area median income (AMI) for properties located in high-minority census tracts or designated disaster areas
- 80% of AMI for properties located in all other census tracts
Home Possible
Conventional
Condo Financing
Program Highlights:
- 10, 15, 20, 25 & 30 Year Fixed Rate Terms Available
- Up to 97% LTV on Primary Homes
- Up to 90% LTV on Second Home
- Up to 85% LTV on Investment Homes
- Limited Condo Review on Primary Homes up to 75% LTV/90% CLTV or 70% LTV/75% CLTV on Second Homes Based Upon Credit Qualifications
Supreme Highlights:
- We take a look at the legal description on the title to determine property type
- We have an entire department focused on project review and condo financing
- We offer multiple condo financing options and work to clear exceptions to achieve warrantable status
- Files that do not require the review are done in about 48 hours and close within our 22 day average.
- Loan amounts from 40k – 2M
- Fixed rates and ARM’s
Products
Popular Loan Programs
Whether you’re refinancing or looking to purchase, we offer several conventional and special loan programs to fit your individual needs.
Lock & Look
With Everett Financial’s Lock & Look™ program* you can lock in a great interest rate now and take your time fi nding the home of your dreams. You can shop with con dence knowing you have your interest rate locked in for a full 60 days and are already quali ed for a loan with Everett Financial. With Lock & LookTM, you get 30 days to look and another 30 to close. And, there is NO up front fee!
*Lock & Look is a registered service mark of Everett Financial and is available on Conventional 30 & 15 year fixed rate and FHA 30 year fixed rate loans for qualified borrowers. Lock expires after 60 days. Prequalification request must be made with Everett Financial. Limited time offer. Available for conventional 15 and 30-year fixed loans and FHA 30-year fixed loans only.
FHA
Advantages:
- Bankruptcy not an automatic disqualification
- Lower interest rates
- Down payment is less
- Lower mortgage points and other closing cost requirements
- Resale can be made more quickly
- Is backed by the U.S. government
Features:
- Down payment required
- Higher upfront Mortgage Insurance Premium (MIP) than on conventional loans but monthly MIP is lower
- Loan Limits are lower than conventional
- MIP required regardless of the Loan-to-Value (LTV)
VA
Advantages:
- No down payment
- VA does not require private MIP
- Limit on the amount of origination fees and closing costs that the lender can charge
- Limit also placed on appraisal fees
Features:
- Borrower with eligibility remaining must have a Certificate of Eligibility from the VA
- Borrowers are required to make a one-time funding fee based on loan amount and applicant’s service length.
- Closing costs can be paid by the lender and the seller.
USDA
Advantages:
- No down payment requirement
- Property must be located in an eligible rural area
- Closing costs can be added to the loan amount (if the property appraises high enough to include it at up to 100% of the appraised value)
- Loan government guarantee fee up front and annual
- Low interest rates
- Applicants with a wide range of credit profiles may qualify
- Income eligible applicants who do not qualify for conventional financing may qualify
- Families & individuals that have minimal funds for a down payment and closing costs includes first time homebuyers and repeat homebuyers
- Seller concessions – 6% max
- No cash reserve requirement
- No Non-Allowable costs
- No First Time Homebuyer Requirement
- 30 Year Loan @ competitive fixed rate
- No limit on gift funds
Features:
- Property must be in very good condition and have a high insulation R-factor
- You cannot make over 115% of the median county income to qualify
- Must be able to verify income limits
Homeready
Program Highlights
- 30 Year Fixed Rate, Primary Residence Only
- 97% Maximum LTV/CLTV with a 620 FICO
- 1-4 Unit Single Family, PUD, Condo Eligible
- Purchase and Rate & Term Re nance Available
- Maximum Qualifying Ratio of 50%
- No Minimum Borrower Contribution Required – Gifts Allowed
- Homebuyer Counseling Required
- Mortgage Insurance Required
Borrow Income Limits
- No income limits for properties located in low-income census tracts
- 100% of area median income (AMI) for properties located in high-minority census tracts or designated disaster areas
- 80% of AMI for properties located in all other census tracts
Home Possible
Conventional
Condo Financing
Program Highlights:
- 10, 15, 20, 25 & 30 Year Fixed Rate Terms Available
- Up to 97% LTV on Primary Homes
- Up to 90% LTV on Second Home
- Up to 85% LTV on Investment Homes
- Limited Condo Review on Primary Homes up to 75% LTV/90% CLTV or 70% LTV/75% CLTV on Second Homes Based Upon Credit Qualifications
Supreme Highlights:
- We take a look at the legal description on the title to determine property type
- We have an entire department focused on project review and condo financing
- We offer multiple condo financing options and work to clear exceptions to achieve warrantable status
- Files that do not require the review are done in about 48 hours and close within our 22 day average.
- Loan amounts from 40k – 2M
- Fixed rates and ARM’s
Everett Financial
Ask A Mortgage Guru
If you have any questions at all, don’t hesitate to reach out to us.
By submitting this form I am agreeing to be contacted by a representative of Everett Financial.
By submitting this form I am agreeing to be contacted by a representative of Everett Financial.