Home | Nick Does Mortgages

World Class Lending

In Your Community

About
Nick

His Story

Nick lives in Hoover, AL and is currently licensed in Alabama, Tennessee, and Florida. He is able to provide exceptional service with a local feel. He travels all over to meet his customers and attends their closings. With a prior career in accounting, he's able to use his expertise to help his customers map out their specific financial needs.

Awarded top 20 broker in Alabama as well as top 1% Mortgage Loan Originator nationwide for the last 3 years in a row, he's ready to use his expertise to get you into the right mortgage with the most competitive terms.

About the Team

Our team could not be rebuilt if we had to start over. We currently average 10.2 days from submission to clear to close by utilizing the latest technology and best team dynamic in the business. This translates into ease of process for the buyer, realtors, and title companies involved. Because everyone knows how to perform every job in the company, there are truly no days off. Reachable 7 days a week, we are ready to work for you.

Our Vision

We stand in the gap to provide a better lending experience for our customers and realtor partners. By consistently exceeding expectations, we aim to build lasting relationships and create a positive impact on the communities we serve. We want our success to be your success.

About Us

Common Loan Types

Conventional Loans

Conventional loans can have a fixed or adjustable interest rate and require a down payment of at least 3% of the purchase price. The borrower's credit score and financial history are important factors in determining eligibility for a conventional loan, and typically a higher credit score will result in a better interest rate. Conventional loans are often used by homebuyers who have a stable income and good credit, and who are looking to purchase a primary residence, vacation home, or investment property.

VA Loans

VA loans provide a great opportunity for eligible veterans and active-duty service members to become homeowners. These loans offer many benefits, including no down payment requirement, no private mortgage insurance requirement, and competitive interest rates. VA loans also have more lenient credit and income requirements than conventional loans. As a Certified VA Lending Specialist, I can help you navigate some of the more technical aspects of your VA Loan processing.

Loan Types

FHA Loans

FHA loans are a type of mortgage loan that is insured by the Federal Housing Administration (FHA). These loans are designed to help first-time homebuyers and those with low to moderate incomes who may not qualify for traditional home loans. FHA loans require a lower down payment, 3.5%, making it easier for buyers to purchase a home. However, they also come with certain restrictions, such as a maximum loan amount and mortgage insurance premiums. FHA loans can be a good option for those looking to buy a home but may not have the resources for a large down payment or have a less-than-perfect credit score.

USDA Loans

USDA loans are a type of home loan offered by the United States Department of Agriculture to help individuals in rural and suburban areas buy or improve their homes. These loans are designed to promote rural development by providing affordable financing options to low and moderate-income households. USDA loans offer many benefits, including zero down payment, low interest rates, and flexible credit requirements. To be eligible for a USDA loan, the property must be located in a designated rural area and the borrower must meet certain income requirements.

Investment Loans

DSCR Loans (Debt Service Coverage Ratio Loans): These loans assess the property's income potential rather than the borrower's personal income. They are ideal for investors focusing on cash flow from rental properties.
Bank Statement Loans: Designed for self-employed individuals or those with non-traditional income sources, these loans use bank statements to verify income instead of standard documentation, making them a flexible option for investors.
Traditional Mortgages: These are conventional loans that follow standard lending guidelines, requiring a stable income, credit history, and a typical down payment. They can be used for investment properties but may have stricter qualification criteria.