MTH Mortgage collaborates closely with you and Meritage Homes to ensure smooth transactions and consistently maintains excellent customer service.
Their goal is to help you from beginning to end. Their straightforward approach eliminates the time, worry, and stress of the mortgage process. They want your new home-buying experience to be enjoyable.
This article is a complete guide on MTH mortgage review. Let’s dive right in!
Table of contents
- Who is MTH mortgage?
- How do I contact MTH mortgage?
- How is MTH Mortgage Rated?
- What documents do you need for MTH Mortgage Loan?
- What is MTH Mortgage Don’t to Ensure your Mortgage Loan is Approved?
- What are MTH Reviews?
- Frequently Asked Questions
Who is MTH mortgage?
MTH Mortgage; a joint venture of imortgage and Meritage Homes, is based in Scottsdale, Arizona, USA.
Amerifirst Home Mortgage, AmeriHome Mortgage Company, LLC, and Absolute Mortgage, a division of Finance of America Mortgage LLC, are alternatives and potential competitors to MTH Mortgage, a partnership of imortgage and Meritage Homes.
How do I contact MTH mortgage?
- MTH mortgage official website
- MTH Mortgage calculator
- MTH Mortgage Log in
- Apply for an MTH mortgage
- Tel: (877) 388-5362
How is MTH Mortgage Rated?
Mth Mortgage has a rating of 4.0 stars based on ten reviews.
What documents do you need for MTH Mortgage Loan?
- Each Borrower’s Personal Information
- Social Security card and number
- Birth certificate
- Residence address(es) for the previous 24 months. If you are renting, provide your landlord’s name, phone number, and address (s)
- Each borrower must have a minimum of 24 months of employment history.
- All employers’ names, addresses, and zip codes
- Employment dates (both current and previous)
- Salary, bonus, and commissions
- Current housing costs, such as mortgage statement/stub, taxes, insurance, or monthly rent
- Original Certificate of Eligibility, DD214, or Statement of Service Photo ID is required for VA loans only.
What is MTH Mortgage Don’t to Ensure your Mortgage Loan is Approved?
You should avoid doing several things before and during the loan application process. Follow the tips below to help ensure a smooth loan experience:
Make no essential purchases.
- A large-ticket consumer purchase, such as a car or home theater system, can jeopardize your ability to purchase a home.
- Increasing your consumer debt or, if you pay in cash, reducing your cash reserves may jeopardize loan approval.
Do not change employment.
- Changing jobs before or during the loan process will cause a delay in your loan approval, especially if the job is in a different field or pays less. More information needs to be confirmed.
- Only work fewer hours if you are an hourly employee. Before closing, updated pay stubs will be required.
Try not to pay bills
- Your loan consultant will notify you if you need to pay off bills to qualify for a loan. They will also show you the best way to pay off bills so that you have proof that you have done so.
- Refrain from carrying a credit card balance or allowing your payments to stay caught up.
Do not transfer your money.
- Keep your money where it is (same bank, same account) until you pay off your loan.
- Make untraceable cash deposits to your bank account (which are difficult to trace and explain).
- Non-payroll or direct deposit income deposits to your account must be documented and sourced.
- Keep a daily tip log corresponding to your bank deposits if you receive tips.
- To sell personal property, such as a car, you must provide proof of ownership through registration or receipt. You must keep a copy of the bill of sale and the certified check when selling.
- Sign nothing for anyone else.
- Don’t spend the money you’ve set aside for a down payment.
- Do not pay for your builder upgrade options with cash or money orders.
You should see Sun West Mortgage Review 2023: Interest Rates & Plans.
What are MTH Reviews?
Josh F. San Francisco, CA
“I’ll be sincere. Because of some negative online reviews, I initially hesitated to use MTH. I was already working with several mortgage lenders, but MTH offered a great closing costs credit because I was purchasing a Meritage home. While their rate was slightly higher (.15%), it made little difference for the amount I borrowed. Because of the closing credit, my other lenders even suggested I go with MTH.
Maybe I was lucky, but my experience with MTH was fantastic. I wonder if many of the negative reviews were because of individual staff issues in the past. In any case, I had a great time. Jennifer Kelly was the person I dealt with.
She is fantastic. She was extremely responsive by email and phone at all hours of the day and night. I requested a quick close, and Jennifer made it happen. Because I’ve only been in the United States for a few years, there have been some complications and challenges. Jennifer made it happen, working tirelessly for me and assisting me at every step.”
Brittney G. Loma Linda, California
“I would give 0 stars if I could. Worst experience I’ve ever had! They informed us on the day we were moving, after providing a closing date and approval, that they would be unable to fund the loan once our home gets sold and we had moved into our new home. Thank our realtor’s lender for stepping in and making it happen”.
Woodcreek Oaks, CA 99 4 Matthew D.
“I’d give zero stars if I could. MTH Mortgage is the absolute worst company to work with when it comes to active communication about your loan status. A company that stands to make about $500k in loan repayment from me over the next 30 years would be more responsive.
Everything is fine when you start the loan process, with lots of back and forth between you and the loan consultant. However, as you near the end of the process, you will be asked for additional documentation. Our house sold on November 23, and we’ve been waiting nine days for our new home to close, even though the loan paperwork has been completed for more than a month.”
Frequently Asked Questions
Home buyers with credit scores of 700 or higher are more likely to qualify for lower mortgage interest rates on all loan types and higher-value homes that require jumbo loans.
To qualify, homebuyers must have a FICO credit score of at least 640 and a debt-to-income ratio of less than 45%.
Approximately 680. While it varies by lender and type of mortgage, the average credit score required for a traditional mortgage is around 680. Some lenders may go a little lower, but higher is always better.
A mortgage requires a minimum credit score of 600 for banks and insured mortgages, 550 for B lenders, and no minimum for private lenders. If you have bad credit, your only options are B and private lenders, but they may require a sizeable down payment or existing home equity.
They will specifically look at the FICO Score 2 (also known as the Experian/Fair Isaac Risk Model v2), the FICO Score 5 (also known as the Equifax Beacon 5), and the FICO Score 4, or TransUnion’s FICO Risk Score 04.
MTH mortgage usually uses the FICO Score of 5. Ensure you meet up with the credit score and all the other requirements before you apply for your MTH mortgage loan.
It would be best if you read:
- Roundpoint Mortgage Review in 2023: Interest Rates & Plans
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- Amerihome Mortgage Review 2023: Interest Rates & Plans
- CrossCountry Mortgage Review 2023: Interest Rates & Plans
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- Roundpoint Mortgage Review in 2023: Interest Rates & Plans