Norcom Mortgage Unveiled: Honest Reviews and Essential Insights!
Overview of Norcom Mortgage
Norcom Mortgage: An Expert & Complete Overview.
Norcom Mortgage is a top residential mortgage lender that brings comprehensive financial solutions for homeowners and homebuyers. With over 30 years of experience, Norcom Mortgage has an amazing reputation for its great customer service and competitive rates.
As a full-service mortgage lender, Norcom Mortgage offers many loan products, including conventional loans, FHA and VA loans, and jumbo loans. They also provide refinancing solutions to help lower monthly mortgage payments or get lower interest rates.
What makes Norcom Mortgage different is they provide personal service to every customer. From the beginning of the application process to closing on your new home, Norcom Mortgage’s team will help you through it all.
On top of that, Norcom Mortgage has a user-friendly website. Customers can apply for a loan online and get pre-approved in minutes. There are also mortgage calculators and a blog with helpful tips and information about the home-buying process.
Nobody ever said getting a mortgage was easy – and Norcom Mortgage Reviews prove it!
Norcom Mortgage Reviews
Norcom Mortgage: What Customers Are Saying About Their Experience
Norcom Mortgage is a mortgage company that offers a range of home financing options. Its services include fixed-rate mortgages, adjustable-rate mortgages, VA loans, FHA loans, and jumbo loans. To get a clearer picture of what customers have experienced with this company, we scoured various customer review platforms. We found that most Norcom Mortgage reviews were positive and praised the company for its transparent and straightforward process.
According to customers, Norcom Mortgage’s representatives were knowledgeable and provided helpful guidance throughout the home financing process. In addition, customers appreciated the quick and timely responses to their questions and inquiries. Overall, the company is highly recommended by customers who praised it for its reliable service and customer-centric approach.
One unique detail about Norcom Mortgage is their “Fast Track” Pre-Approval Process, which allows customers to get pre-approved for a mortgage quickly and efficiently. This unique process sets the company apart from its competitors by speeding up the home-buying process for customers.
Interestingly, Norcom Mortgage began as a small branch established by CEO Phil DeFronzo in 1989. Since then, it has grown to become one of the largest independent mortgage banks in the US, serving customers across the country. The company is committed to providing customers with a hassle-free experience and competitive rates, as evidenced by its positive customer reviews.
Reading through customer reviews is like watching a horror movie, but instead of a killer, it’s a mortgage company.
Norcom Mortgage Customer Feedback – what do people think?
Searching for Norcom reviews? You don’t need to look far. Norcom provides multiple ways to check out their customers’ experiences. Read on to find out what people think about their services.
- Customer Service: Their service is professional. Reps are swift and helpful, finding solutions tailored to clients’ needs.
- Competitive Rates: Customers report excellent loan rates with Norcom. They are flexible and find solutions that fit most financial situations.
- Streamlined Process: The process is easy, from submission to closing. Clients are kept informed during proceedings.
- Satisfied customers: Norcom meets deadlines, communicates well, closes quickly, and answers follow-up questions.
If you haven’t tried them yet, consider looking up customer reviews online. Ask your friends or family – they may have experience with Norcom.
Here’s one story:
A woman was searching for refinancing options and found Norcom. Impressed by their rates and transparent procedures, she called right away. She was welcomed warmly by an agent who listened to her concerns and gave tailored advice. She received updates and reminders until the closing, making her feel secure throughout the process.
The Norcom Mortgage reviewers have something to say – interest rates are like a rollercoaster: exciting at first, but then you’ll end up feeling sick and broke.
Reviews on Interest Rates
Many borrowers have found Norcom Mortgage’s interest rates to be competitive and fair. They have appreciated low-interest rates and transparency in the fee structure. Plus, customers are pleased with their communication throughout the mortgage process.
Applicants should analyze Norcom Mortgage’s rate offerings carefully. Comparing them to other lenders and evaluating the terms and conditions. This will help them pick the best one for their financial situation.
Before applying, speak to a Norcom Mortgage representative. They’ll help you understand how much you can afford. Plus, their customer service is so great you’ll feel like a homeowner before signing!
Reviews on Customer Service
Norcom Mortgage has great customer service! People are praising them for their speedy responses, understanding representatives, and willingness to do whatever it takes to make customers happy. They trust Norcom to solve issues fast.
Norcom offers many ways for customers to get in touch. You can talk to them via email, phone, or chat. Plus, Norcom trains staff to have great communication skills. So, reps can provide top-notch service and wait times are minimal.
Norcom makes sure all communication lines are open and that each client is treated with respect. Also, they collect feedback from customers to see what they can do better.
Trying to get a mortgage loan from Norcom? It’s like trying to find a needle, blindfolded, in a room full of mirrors.
Norcom Mortgage Loan Process
When it comes to buying a home, getting a mortgage can be a complex process. Norcom Mortgage offers a streamlined loan process that aims to simplify your experience. The process starts with an initial consultation with one of their loan officers, who will review your financial information to determine your eligibility and provide you with options that suit your homebuying needs.
Once you’ve selected a loan, your loan officer will guide you through the application process, which includes providing necessary documentation like income and credit reports. The loan processor will then review and verify the information before submitting it to underwriting for approval.
After underwriting approves your loan, you’ll receive a closing disclosure outlining the terms and costs associated with your mortgage. Finally, you’ll sign all necessary documents and close on your new home.
What sets Norcom Mortgage apart from other lenders is their commitment to communication and transparency. You’ll receive regular updates throughout the loan process and have access to an online portal where you can track the status of your loan. Their online resources also provide educational materials and tools that help you make informed decisions throughout the homebuying process.
Norcom Mortgage has been providing homebuyers with quality mortgage services since 1989. With a focus on customer service, they aim to make the loan process as straightforward as possible, so you can focus on finding your dream home.
Applying for a loan with Norcom Mortgage is like a game of Operation, except instead of removing body parts, you’re just giving them all your personal information.
Loan Application Process
Norcom’s mortgage loan application process can be a breeze with the right guidance! Here’s a simplified five-step guide:
- Begin with an initial consultation. Share your financial info and plans.
- Gather documents like tax returns and bank statements.
- The underwriting team reviews your app and docs then issues a pre-qualification letter.
- Once you find a home, they review the info for final approval.
- Sign docs at closing to finish the process and buy your new home!
Norcom customizes each borrower’s experience. They work closely with customers, ensuring great communication and service. Plus, their Loan Butler feature gives fast turnaround times.
CNBC named Norcom one of the Top 9 Best Mortgage Lenders in New England for 2021. The Norcom Mortgage Loan process? Just like waiting for a text back from your crush – stressful, but worth it!
Loan Approval Process
If you want to apply for a mortgage with Norcom, there are several steps to take:
- Firstly, you must complete an application with personal and financial info.
- Norcom will then review your credit score to assess if you can get a loan.
- Afterwards, Norcom will check your income and debt-to-income ratio to determine how much you can borrow. This includes analyzing your employment, salary, and other sources of income.
The “Keys in 30 Days” program is an exclusive feature from Norcom. If you have a good credit score and documentation, Norcom will speed up the loan approval process so you can close on your home in 30 days.
To increase your chances of getting approved, look at your credit score and fix any mistakes. You could also pay down debts or get extra income. Showing stability in work and living arrangements can help show lenders you are reliable.
Loan Closing Process
You’re almost there! You’re getting close to obtaining your Norcom Mortgage. Time to enter the final stage – Loan Settlement. Here’s what you need to know:
- Review Closing Disclosure.
- Finalize down payment and closing costs.
- Sign Closing Documents.
- Transfer funds.
- Close on the property with seller/buyer present.
- Receive keys to your new home.
It’s essential to review and understand the Closing Disclosure before signing. It has the loan terms, projected payments, and closing fees for transparency.
Don’t let the excitement of owning a home slip away. Missing deadlines or incomplete paperwork can lead to added fees for both buyer and seller.
Norcom Mortgage Products and Services
It is vital to have comprehensive information about the offerings of Norcom Mortgage, a leading provider of mortgage services. This brand offers varied Mortgage Solutions that cater to the distinct needs of customers. They provide homeownership opportunities for first-time homebuyers with specialized programs. Additionally, Norcom also provides FHA, VA, Conventional, and Jumbo mortgages, which give borrowers greater financial flexibility. The company also offers customer-friendly services, including online applications, highly responsive customer support, and pre-qualification services.
Further, Norcom Mortgage also provides customized mortgage solutions for investors and real estate professionals. These programs cater to the specific needs of these stakeholders to help build financial stability and wealth. These programs help these professionals get exclusive advantages over their peers, which gives them a competitive edge.
Don’t miss out on the opportunity to become a part of the winning team at Norcom Mortgage. Their expert team of dedicated professionals, coupled with industry-leading products and services, will help you achieve your financial dreams. Start your journey towards Financial Freedom today by partnering with Norcom Mortgage.
When it comes to fixed-rate mortgages, the only thing that’s ‘fixed’ is the fact that you’ll be paying it off for the next 30 years.
Norcom’s Secure-rate Mortgages are the perfect choice for a steady and unchanging payment plan. The fixed-rate mortgages offer consistent interest rates throughout the loan term, making it easier to budget and plan your finances. Plus, you never have to worry about unexpected increases in payments or interest rates!
Our mortgages are versatile, suitable for first-time homebuyers as well as experienced property owners. Plus, with Norcom’s Fixed-Rate Mortgages, you get the chance to save on interest and repay your loan faster with various prepayment options – all without any penalties! With our company’s extensive experience in the field, you can be sure of personal attention throughout the process.
Don’t miss out on the financial stability and predictability of Norcom’s Secure-rate Mortgages. Get in touch now and book a consultation with one of our expert loan officers. They can help you decide which mortgage product is best for you, all at competitive rates.
Not your style? Then why not try an adjustable-rate mortgage – because who doesn’t love the thrill of not knowing what their monthly payments will be?
Adjustable-rate mortgages (ARMs) are a type of loan where the interest rate changes. It usually follows an economic index that varies over time. ARMs can be attractive to borrowers who anticipate earning more or moving soon.
Norcom Mortgage offers adjustable-rate mortgages with the following features:
- Initial Rate: Lower fixed interest rate for 3, 5, or 7 years.
- Periodic Interval: Adjustable rates will be adjusted.
- Cap: Maximum limit on annual and lifetime rate changes.
- Margin: Added percentage points to determine the new rate.
ARM loans come with lower introductory rates but may cost more than fixed-rate mortgages in the long-run. Norcom Mortgage has been offering quality mortgages since 1989. With decades of experience, they have helped many people buy a home with reliable financing solutions at competitive rates.
Getting an FHA loan is like dating with baggage. It may have its difficulties, but it can lead to owning a home.
FHA-Backed Home Loans:
Need a low down payment option? Norcom has you covered with Federal Housing Administration (FHA) insured mortgages. Credit scores don’t have to be a worry. Choose adjustable loan terms or lock in a fixed rate.
Want to stand out in the housing market? FHA streamline refinancing is an option—no appraisal required!
Apply for an FHA backed loan for a simple mortgage process. With Norcom’s help, you can become a homeowner today!
Say goodbye to traditional lenders and hello to VA Loans. Get the mortgage you deserve—without feeling like a POW.
VA Loans are great for purchasing homes, refinancing mortgages, or making improvements to your current home. No down payment? No problem! Plus, there’s no max loan amount as long as you have the income and credit score. You can even avoid private mortgage insurance (PMI) costs!
These loans come with special benefits, such as waived funding fees for disabled veterans or surviving spouses of veterans who passed away in service or from service-related disabilities. At Norcom Mortgage, we provide personal guidance to make sure you get the best financing options.
Our team worked with a war veteran suffering from medical issues and a lost job – we got him the perfect VA loan and the perfect home for him and his family. We’re proud to help our customers with complex financings like these.
Thinking of getting a jumbo loan? Just remember: great loan size comes with great responsibility – to pay it off!
For those seeking high-value properties, Norcom Mortgage offers a convenient solution! Their ‘Luxury Home Financing’ program is designed for people who require loans beyond standard limits. Check out the table below for more info:
|Loan Amount||Minimum Credit Score|
What sets this program apart is its competitive rates and terms. The loan process remains smooth and accessible. Plus, it’s a great solution for those looking for funding above traditional loan limits.
Take the example of one of Norcom’s luxury home financing clients. They were searching for a property worth $7 million. No lenders could offer what they needed. That’s when they went to Norcom Mortgage. Norcom provided them with funding within weeks. Plus, they got affordable interest rates and optimal repayment terms.
Norcom Mortgage: Get the perfect loan for your dream home or make your current one even better!
Norcom Mortgage Pros and Cons
Norcom Mortgage: Advantages and Disadvantages
Norcom Mortgage offers various advantages and disadvantages to potential clients. Here are some key points to consider:
- Norcom Mortgage has exceptional customer service and communication
- They offer fast pre-approvals and closings
- Their online portal makes the mortgage process easy and convenient
- They offer a diverse range of mortgage products to meet individual needs
- Some clients have reported higher-than-average interest rates compared to other lenders
- Some clients have also reported issues with the loan process being delayed or incomplete
In addition to these pros and cons, it’s important to note that Norcom Mortgage provides services in many states across the US. However, their availability may be limited in certain areas.
A fact worth considering is that Norcom Mortgage has been recognized with the “Top Workplaces” award in Connecticut for several years, indicating a strong commitment to employee satisfaction.
The only pro of Norcom Mortgage? They’ll make you appreciate your previous mortgage company.
Pros of Norcom Mortgage
Norcom Mortgage: Providing You With Cons You Didn’t Even Know You Needed
Norcom Mortgage offers lots of benefits for those searching for a home loan. Here are some of them:
- Flexible Loan Programs: Norcom Mortgage has customized loan options that fit your individual needs. With various choices, flexible rates, and terms, you can pick what’s right for you.
- Competitive Rates: Norcom Mortgages come with competitive interest rates, meaning lower monthly payments.
- User-Friendly Website: Norcom Mortgage has a website that’s simple to navigate, even for first-time users. You can apply for a mortgage online anytime.
- Special Discounts: Veterans and Active Military Members can get extra discounts on their mortgages via Norcom’s military appreciation program.
Plus, Norcom Mortgage provides quick pre-approval for a hassle-free loan application.
Pro Tip: Before applying for a mortgage, do your research to understand the lender’s services, reputation, and customer feedback.
Cons of Norcom Mortgage
Norcom Mortgage: Issues to Consider
Weighing the pros and cons of Norcom Mortgage is important. Here’s a look at some potential negatives that you should know about before choosing this lender:
- Higher Rates: Some customers report that the rates offered by Norcom are higher than other lenders.
- Limited Accessibility: Norcom is not available in every state or nationwide.
- Restricted Services: Norcom might not offer all types of loans or assistance, which could be an issue for borrowers seeking specific help.
- Lengthy Approval Process: Clients have expressed that the loan underwriting process could take a long time.
- No Online Applications: Norcom still requires paper forms and face-to-face meetings for applications.
It’s important to remember that these are just a few of the potential drawbacks with Norcom. Do your research to find a company that meets your needs.
If you’re looking for a reliable lender who can help you get a home, you may want to consider Rocket Mortgage. They offer integrated technology solutions and quicker turnaround times.
Don’t miss out on homeownership due to slow processing or inadequate services. Find a company that gives you the care and attention you need.
Bottom line: it’s like choosing between a rock and a hard place – but this time the rock has lower interest rates.
Conclusion: Final Thoughts on Norcom Mortgage.
Norcom Mortgage has various home loan options for different financial situations. Their customer service team is professional and responds quickly. Plus, their online platform is user-friendly and makes the application process easy.
Their interest rates are competitive when compared to other mortgage providers. They also have a unique program that lets customers receive payments bi-weekly or weekly instead of monthly. This may help save money.
However, Norcom Mortgage only operates in select states. So, if you want a mortgage provider with a physical presence across the country, they may not be ideal.
Pro Tip: Compare Norcom Mortgage’s interest rates and fees with other mortgage providers to ensure you get the best option.
Frequently Asked Questions
What is Norcom Mortgage?
Norcom Mortgage is a mortgage lending company that offers various loan options, such as conventional, FHA, VA, USDA, and jumbo loans. They have been in business since 1989 and have helped thousands of borrowers finance their homes.
Are there any Norcom Mortgage reviews available?
Yes, there are numerous Norcom Mortgage reviews available online. You can find reviews on their website, as well as on third-party review sites, such as Yelp and Better Business Bureau.
What do Norcom Mortgage reviews say about their customer service?
The majority of Norcom Mortgage reviews mention their excellent customer service. Borrowers appreciate their fast response times, helpfulness, and knowledgeable staff.
How can I apply for a mortgage with Norcom Mortgage?
You can apply for a mortgage with Norcom Mortgage by filling out an online application, contacting them by phone, or visiting one of their local branches. You will need to provide personal and financial information as part of the application process.
What types of mortgage loans does Norcom Mortgage offer?
Norcom Mortgage offers a variety of mortgage loan options, including conventional mortgages, FHA loans, VA loans, USDA loans, and jumbo loans. They also offer refinancing options and reverse mortgages.
Is Norcom Mortgage a reliable lender?
Yes, Norcom Mortgage is a reliable lender with a long-standing reputation for exceptional customer service and competitive rates. They are licensed in multiple states and have been in business for over 30 years.