Torchlight Mortgage Corporation will go the extra step to make sure you not only receive the best rate and lowest cost structure but that the entire process is seamless, stress-free, easy, and efficient. We invest in technology and digital tools to drive our costs down, thereby passing these savings to you.
Put us to the test. You will be happy you did.
Torchlight Mortgage Corporation is a broker and potentially banker who can shop hundreds of loan products from hundreds of lenders and banks to provide you with the best, customized loan product. Unlike a bank who can only its products only, Torchlight can offer myriad of loan products at low, low rates.
Torchlight Mortgage Corporation is a professional mortgage corporation based in California with a multi-state footprint and is the next generation of mortgage lending. We like to say we are the future of lending because we are constantly investing in technology and digital tools to compliment the human element, and to make the process continually more streamlined, efficient, and easy.
Torchlight Mortgage Corporation provides a wide range of loan products from the standard conventional and conforming mortgages to VA loans to FHA loans to non-QM and non-conforming loans. We work with every borrower to identify the best loan product.
Rates change daily. You can lock in a rate by working with a Licensed Loan Officer. We use technology and a wide range of factors to determine the best rate for you, which will include your credit, your financial history, your income, assets, and more.
Typically, there is no cost to you to lock a rate. But we do require you to provide a certain level of information and documentation in order to be able to lock. Speak to a Licensed Loan Officer to learn more.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to
make a type specimen book. It has survived not only five centuries, top publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Your exact closing costs will be determined once we take a full application and determine your qualification for the best product(s). Most loans will have typical closing costs ranging between $1,000 to $3,500. This will include:
Torchlight Mortgage also offers no closing cost loans. Speak to a Mortgage Expert to learn more.
Your exact closing costs will be determined once we take a full application and determine your qualification for the best product(s). Most loans will have typical closing costs ranging between $1,000 to $3,500. This will include:
Torchlight Mortgage also offers no closing cost loans. Speak to a Licensed Loan Officer to learn more.
Torchlight Mortgage Corporation provides two types of Pre-Approval Letters to our borrowers and real estate agent partners.
One is a standard pre-approval letter which is based on stated information provided by the borrower. It will note that Torchlight still needs to review and verify information and documentation in order to issue a formal approval. These letters serve a purpose of loosely providing qualification potential.
The second and more substantial pre-approval letter is a verified pre-approval letter which is based on verification of information, documentation including income, credit, and more to provide a very firm and definitive statement to a would-be seller or agent regarding the qualification of a borrower/buyer. This will also take into account underwriting requirements for lending at the time and provide a sense of confidence to anyone reading it.
Application: You will first provide information required to complete a loan application. This will include your personal information, the property information, your income and asset information, and other supplemental information.
Verification: We will then verify the information along with verification of credit scores and history. We will obtain required documentation income documentation, mortgage documentation, asset documentation in this part of the process. An appraisal may also be ordered at this stage if needed.
Underwriting: Your application will be officially reviewed by an underwriter and ideally receive a quick and clean approval! We will often lock the rate for you during this phase as well.
Prepare to Close: We will provide you with the final documents, including a Closing Disclosure, and prepare to close your loan.
We aim to do all of this in as little as 14 days!
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to
make a type specimen book. It has survived not only five centuries, top publishing software like Aldus PageMaker including versions of Lorem Ipsum.
What are the required credit scores for a mortgage with Torchlight Mortgage?
We will work with just about anyone to identify loan options. This is because we literally have hundreds of investors and loan programs as a resource. If we can’t help today, we will help set you up for success by guiding you to what’s necessary in the future.
Short answer is: sometimes. We will try to waive the requirement to order an appraisal. If we can’t get it waived, then we will have to order an appraisal. You can pay for the appraisal by credit card typically and they are ordered electronically through nationally licensed and bonded appraisers.