Frequently Asked Questions

Securing a mortgage or refinance loan can be complicated. We’re here to make it simple. If you don’t see an answer to your question, please don’t hesitate to contact us.
1What are the advantages of borrowing from a direct mortgage lender?

Revolution Mortgage is a direct mortgage lender. We underwrite and fund our own loans and set our own qualifications in house. This offers homebuyers and refinancers with more than a few key advantages:

  1. Flexible requirements: The loan officer who reviews your application has a direct role in approving your loan. Unlike a mortgage broker who must adhere to strict guidelines set by lenders, your loan officer has the flexibility to make exceptions to typical underwriting requirements.
  2. Personalized service: With a direct mortgage lender, your loan officer is your single point of contact for every stage of the loan process. All of your questions, all of your loan documents and any decisions about your loan are handled by the same person. There is no middleman.
  3. Faster loan process: Because we process, underwrite and fund our own loans in-house, we’re able to close your loan much more quickly than a mortgage broker, who must wait for their lender to process loans and remit funds.
  4. Lower fees, best rates: We continuously monitor the marketplace to ensure we are providing the lowest possible cost to our customers.
  5. Multiple options: In all of our years in the mortgage loan industry, we’ve learned that no two homebuyers or refinancers are alike. We take great pride in innovating new loan products that help more people afford and fulfill their dreams.
2What factors are considered in my loan approval process?

We approve loans based on a variety of considerations, but the four main factors are:

  1. Credit history: Your current credit score, which measures how consistently you’ve fulfilled your financial obligations, is a strong determinant in the approval process. Think of this as the history of your willingness to repay a loan.
  2. Income vs debt: The ratio can vary, but how much you make compared to how much you owe is critical in deciding the amount you can safely borrow. Think of it as your ability to repay your loan.
  3. Asset evaluation: Available cash is another important consideration in the loan process. It is a true reflection of your fiscal strength.
  4. Property appraisal: This ensures that the home you want to buy or refinance has sufficient value for the amount you wish to borrow.
3Should I get pre-approved?
The short answer is yes. In today’s tight real estate market, a pre-approval shows you are a serious, qualified buyer and gives you leverage over buyers who are not pre-approved.
4How much cash should I have for a down payment?
It used to be that most home loans required 20 percent cash down. We have developed mortgage products that require much less, and in some cases even zero cash down.
Revolution Mortgage

Revolution Mortgage

NMLS #1686046

480 Olde Worthington Road, Suite 300
Westerville, Ohio 43082
e: [email protected]
p: 614-918-0055