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Please call us for your rate options ... with all the changes in the mortgage industry we want to give you the best rate possible for your scenario. Call to qualify today!!

Many rates and programs are available. Please call one of our Barr Group Representatives for more information.

We are FHA/ VA approved!!

USDA 100% programs!

Borrower(s) and property must meet qualification guidelines which vary by investor.

1. What does it cost to submit a loan application? Answer
2. Do I need to pick the property I want to buy before I fill out the application? Answer
3. What do I do if I forgot my password? Answer
4. After I submit my loan on-line, what happens next? Answer
5. What is a FANNIE MAE approved Condo? Answer
6. How long will it take to close my loan? Answer
7. Do I have to be present for closing? Answer
8. How long is my credit approval good for? Answer

Q : What does it cost to submit a loan application?
A : Nothing, if you loan does not close; you will need to pay for your appraisal and any other items ordered on your behalf.  At Barr Group, we never order an appraisal without your permission, or loan approval.  We will not spend your money if you are not going to close your loan.
 
Q : Do I need to pick the property I want to buy before I fill out the application?
A : No, you can fill out the application and be credit approved for a loan before you find a home.  Techinically with the new 2010 regulations you have not officially made application until you have a property selected, but I do encourage you to become pre-approved to purchase.
 
Q : What do I do if I forgot my password?
A : If you forget your password, just call our toll free number 800-401-0816 and our customer service representive will be happy to assist you.
 
Q : After I submit my loan on-line, what happens next?
A : Once your loan has been submitted, one of our representives will be assigned to your account and will be calliing you with infomation about your loan.
 
Q : What is a FANNIE MAE approved Condo?
A : Most Condos in the Gulf Shores area are not FANNIE MAE approved. The majority of our condo loans do not require that the property meets the FANNIE MAE guidelines, only the borrower.
 
Q : How long will it take to close my loan?
A : Most loans can be closed in 7 days. Once we receive your loan application we will contact you for more infomation. Once that information is received it should only take a few days to obtain the appraisal and close your loan. The sooner you provide the information needed, the sooner we can close.
 
Q : Do I have to be present for closing?
A : No, you can close through the mail. Once we are ready to close your loan your Barr Group Officer will contact you and instruct you as to the exact amount of your down payment and closing costs. You can have a notary witness your signature and provide certifed funds for the closing.
 
Q : How long is my credit approval good for?
A : 60 days from time that your initial credit file was ordered and recieved.