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  B Home Mortgage Brokers

B Home Mortgage Brokers

in Mortgage Brokers from Burk Carpenter LLC

Unaffiliated

B Home Mortgage Brokers

Unaffiliated

in Mortgage Brokers from Burk Carpenter LLC

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Highlights
Highlights
Broker Fee Payer
  • Lender
  • Borrower
Broker Loan Origination Fees N/A
NMLS # 142159
Type of Mortgage
  • Home Purchase
  • Hybrid Mortgage
  • Refinance

B Home Mortgage Brokers Review

Where does B Home Mortgage Brokers do business?

B Home Mortgage Brokers is a licensed mortgage broker (NMLS# 142159) with headquarters in Phoenix, AZ. It operates in 1 state.

The company was founded in 2005 and helps borrowers find a direct lender that will approve the loan amounts, rates, and terms they require.

How does Burk Carpenter LLC get paid?

Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.

Burk Carpenter LLC gets paid by borrowers. This means Burk Carpenter LLC works for you and will not be influenced by lender commissions. This fee model may help borrowers get lower rates and better terms, but it can also increase the upfront mortgage costs.

Burk Carpenter LLC gets paid by lenders. Lender-paid compensation is the most common fee model among mortgage brokers. This fee model can help bring down the upfront costs to borrowers. However, it also gives brokers the incentive of promoting lenders that pay higher commissions.

What fees does Burk Carpenter LLC charge?

Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.

Does B Home Mortgage Brokers charge broker administration fees?

No, Burk Carpenter LLC does not charge a broker administration fee.

Does Burk Carpenter LLC charge broker loan origination fees?

No, Burk Carpenter LLC does not charge a broker loan origination fees.

Does B Home Mortgage Brokers charge broker upfront fees?

No, Burk Carpenter LLC does not charge broker upfront fees.

Does Burk Carpenter LLC charge a yield-spread premium?

No, Burk Carpenter LLC does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.

B Home Mortgage Brokers Fees
Description
Broker Loan Origination Fees N/A
Broker Upfront Fees N/A
Broker Administration Fees N/A
Yield-Spread Premium N/A

What mortgage programs does B Home Mortgage Brokers offer?

B Home Mortgage Brokers offers the following mortgage programs:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What types of mortgage does Burk Carpenter LLC broker?

Burk Carpenter LLC works with the following types of mortgages:
Type of Mortgage Options
Supported Options Unsupported Options
  • Hybrid Mortgage
  • Home Purchase
  • Refinance
  • Home Equity Loans
  • HELOC
  • Reverse Mortgage
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    Contact

    Message from Burk Carpenter LLC

    B Home Mortgage is licensed as Burk Carpenter LLC and is also known as Burk Carpenter Financial.

    About B Home Mortgage Brokers

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 1 state
    Arizona
    Availabile in all of Arizona

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