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We are a team of professional and experienced mortgage loan originators who are dedicated to uplifting our community by helping others achieve their dream of home ownership.
We are a team of professional and experienced mortgage loan originators who are dedicated to uplifting our community by helping others achieve their dream of home ownership.
We are a Team of professional and experienced Mortgage Loan Originators who are dedicated to uplifting our community by helping others achieve their dream of home ownership.
Let us help you find your dream loan.
Our mortgage brokerage firm offers a range of products and services tailored to meet the diverse needs of our clients. From conventional home loans and VA loans to non-QM loans and commercial financing, we provide a comprehensive selection of mortgage products. Our services include personalized consultations, mortgage pre-approvals, assistance with the loan application process, and ongoing support until closing. Whether you are a first-time homebuyer, a veteran seeking VA financing, or a business owner in need of commercial funding, our experienced team is here to help you navigate the complexities of the mortgage market and find the right financing solution for your unique situation.
Our FHA Loan is designed to make homeownership more accessible to individuals with less-than-perfect credit or a lower down payment. With competitive interest rates and flexible requirements, this loan option provides a path to buying your dream home without the financial stress.
Our conventional mortgage loans offer competitive rates and flexible terms for borrowers who meet standard lending criteria. Whether you're a first-time homebuyer or a seasoned homeowner, these loans provide a reliable and straightforward path to homeownership.
Our Freddie Mac and Fannie Mae Loans offer a reliable and competitive financing option for purchasing a home or refinancing an existing mortgage. With flexible terms, competitive interest rates, and various down payment options, these loans provide a solid foundation for achieving your homeownership goals. Whether you're a first-time buyer or looking to upgrade, our conventional loans offer stability and peace of mind.
Our VA Loan is a specially designed mortgage option for veterans, active-duty service members, and eligible surviving spouses, offering a range of benefits such as no down payment requirement and competitive interest rates. With flexible credit requirements and lower closing costs, this loan is a great way to secure your dream home while honoring your service to the country.
Our fixed-rate mortgage loans provide stability and predictability with a set interest rate for the life of the loan. This option is ideal for borrowers who prefer consistent monthly payments and protection against interest rate fluctuations.
For those seeking to finance a higher-priced home, our jumbo mortgage loans exceed the conventional loan limits, enabling you to secure the financing needed for your dream property. With competitive rates and tailored terms, our jumbo loans cater to borrowers looking to purchase luxury homes or properties in high-cost areas.
Our Commercial Loan is tailored to meet the unique financing needs of businesses looking to purchase or refinance commercial properties, expand operations, or fund various business ventures. With competitive terms, flexible repayment options, and dedicated support from our team of experts, this loan is designed to help businesses thrive and grow. Whether you're a small business owner or a real estate investor, our Commercial Loan provides the financial resources you need to take your business to the next level.
Our Non-QM (Non-Qualified Mortgage) Loan provides a flexible financing solution for borrowers who don't meet traditional mortgage standards. With customized underwriting and alternative income documentation options, this loan offers a path to homeownership for those with unique financial circumstances. Whether you're self-employed, have non-traditional income sources, or need a larger loan amount, our Non-QM Loan provides the personalized support you need to achieve your homeownership goals.
Our adjustable-rate mortgage (ARM) loans offer initial lower interest rates and payments that can adjust periodically based on market conditions. This flexibility makes ARMs a popular choice for borrowers who plan to move or refinance before the initial fixed-rate period ends.
Carrell Mortgage Corporation is a team of knowledgeable and experienced professionals who will guide you through the entire mortgage process.
We are a trusted source for information, and we offer a vast number of programs to meet every borrower's need. Whether it's your first home or an investment property, we will assist you from your first encounter through the closing of your loan and beyond. We also specialize in first time home buyer programs, with various grants and downpayment assistance programs available to those who qualify. Programs include rehabilitation loans such as Fha 203k and Conventional new construction loans.
With over 20 years of consistent experience as an originator in the mortgage industry, Des has built a strong foundation of expertise and knowledge. Her career began in the wholesale industry and progressed through roles at renowned financial institutions including J.P. Morgan Chase, Citibank, and Newrez. Drawing from her diverse background, she recognized the opportunity to better serve her community as a Mortgage Broker.
As a Mortgage Broker, Des offers a unique advantage by providing access to a variety of lenders in her portfolio, unlike traditional bank employees who are restricted to one institution. This flexibility allows her to tailor solutions to meet the distinct needs of each client she serves. Whether you are a first-time home buyer navigating the market for the first time or an experienced investor seeking specialized financing options, Des has the expertise and resources to guide you towards the program and lender that best aligns with your goals.
For personalized and comprehensive mortgage assistance, reach out to Des today to explore the diverse range of programs and lenders available to you.
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Is to empower every aspiring individual to achieve their dream of homeownership.
We are committed to providing personalized mortgage solutions that cater to the unique needs and financial situations of our clients. With a dedication to transparency, integrity, and exceptional customer service, we strive to make the home buying process smooth and accessible to all. Our goal is to help every individual find the right mortgage product that not only fits their budget but also paves the way to their own piece of the American dream.
Frequently Asked Questions
Conventional loans, FHA loans, VA (for eligible veterans), DSCR loans for investment properties and LLC purchases, Jumbo loans, Bank statement loans, 1099 income-based loans, fixed-rate, and adjustable-rate loans. Loans for condos and co-ops.
Pre-qualification is an informal estimate based on self-reported info. Pre-approval requires documentation (income, assets, credit) and a credit pull; it gives a conditional loan amount and strengthens your offer.
Typical ranges: conventional loans 3–20% (3% for certain first-time programs), FHA 3.5%, VA/USDA often 0% if eligible. State programs may offer low- or no-down-payment assistance. The exact requirement depends on the loan type and borrower profile.
From application to closing, commonly 30 days for standard transactions; faster (2–3 weeks) for simple refinance or purchase with all documents ready. Timelines vary by state, lender, appraisal, and title throughput.
Minimums depend on loan type: conventional often 620+, FHA 500–580 (with higher down payment below 580), VA/USDA typically 620+, but lenders set overlays. Better scores yield better rates.
ID, recent pay stubs (30 days), W-2s (2 years), federal tax returns (1–2 years, more if self-employed), bank and asset statements (2–3 months), employment verification, and permission to pull credit.
Yes. Typical requirements: 2 years of tax returns (personal and business), profit-and-loss statements, 1099s if applicable, and possibly business bank statements. Some programs allow alternative income verification.
A co-borrower’s income/credit is considered for qualifying and can increase the loan size. A co-signer improves a credit profile but may or may not hold ownership; details depend on the lender and loan product.
Conventional: private, varying down payment/PMI rules; FHA: government-insured, lower credit/down payment requirements but mortgage insurance; VA: no down payment for eligible veterans, no PMI; USDA: 0% down for eligible rural properties with income limits.
Yes. Examples: NY/SONYMA and local HFA programs, NJHMFA programs, Georgia Dream and local HFAs, Alaska Housing, Florida Housing Finance Corporation programs, and CT Housing programs. Each has income, purchase price, and eligibility rules.
HFAs, down-payment/closing-cost grants, bond programs with reduced rates, FHA loans, and some local grant programs. Program availability and limits vary by state and county.
Rates reflect market yields (Treasury/secondary market), lender margins, borrower credit/profile, loan type, and term. They change daily with market movement; rate locks secure a quoted rate for a set period.
Typical closing costs: lender fees (origination, underwriting), appraisal, title/search and insurance, recording fees, taxes, escrow for insurance/taxes. Expect roughly 2–5% of the loan amount; exact items and amounts vary by state and county.
PMI protects lenders on conventional loans with <20% down. FHA has mortgage insurance premiums (MIP) often required regardless of down payment. VA loans do not have PMI but do have a funding fee for eligible borrowers.
Prepayment penalties are uncommon for residential mortgages today, but can exist in some older or specific loan products. State law and lender policies vary; most conforming, FHA, VA, and HFA loans allow prepayment without penalty.
When you can reduce your interest rate materially (commonly 0.5–1.0%+), shorten the term without unaffordable payments, or access equity (cash-out) for higher-value uses. Consider closing costs and break-even period.
A cash-out refinance replaces your current mortgage with a larger loan, paying off the old loan and leaving you with the difference in cash. Loan-to-value limits, credit, and income rules apply; program specifics vary by loan type and state.
Home equity loan: fixed-rate lump sum with fixed payments. HELOC: revolving line of credit with variable rates and a draw period. Use-case, tax treatment, and qualification rules differ.
Yes, but underwriting rules differ; investment properties have higher reserves and rates; condos require project approvals; co-ops have lender-specific rules and additional co-op board requirements. Availability varies by state and lender.
Yes—conforming limits are set by FHFA and vary by county (higher in high-cost areas). Check county-specific limits for purchase planning; jumbo loans cover amounts above conforming limits.
Variations include transfer taxes, deed and recording processes, flood-zone prevalence (notably FL), and co-op market rules (NY, NJ, CT). Lenders account for state-specific title and insurance requirements.
Yes—NJHMFA and county/local programs provide grants, reduced-rate mortgages, and assistance for first-time or income-qualified buyers.
Georgia Housing Finance Agency and local HFAs offer bond programs, down-payment assistance, and affordable loan options for eligible buyers.
Alaska Housing programs address rural affordability; underwriting may consider remote-area property concerns and appraisal/inspection logistics.
Flood-prone properties often require flood insurance; coastal properties may need wind or hurricane insurance. Insurance availability and cost can affect eligibility and monthly payments.
Yes—CT Housing and local programs offer down-payment assistance, reduced-rate mortgages, and bond-financed options with eligibility limits.
Lenders include principal and interest plus escrowed property taxes and insurance (if required) to calculate the monthly payment. Higher taxes/insurance increase monthly escrowed payments and required reserves.
Flood insurance is required when a property is in a federally designated flood zone, and the loan is federally backed; flood zones are mapped locally and are common in coastal/low-lying areas (notably FL). Private flood insurance options may exist.
Expect the Loan Estimate, Closing Disclosure, Good Faith Estimate for some programs, state-specific disclosures, adverse-action notices if denied, and federally required TILA/RESPA-integrated forms. Timing and some items vary by state and loan type.
Re-qualification timelines depend on the event and loan type: e.g., FHA may allow loans 2–3 years after bankruptcy with re-established credit; conventional and VA timelines differ. Lenders consider documentation of rehabilitation and waiting periods.
Yes—using tax returns, 1099s, profit/loss statements, and bank statements. Some programs offer alternative documentation for qualifying. Consistent income history helps.
Rental income can be considered if documented (leases, tax returns). Investment properties require higher reserves, stricter underwriting, and typically higher rates.
Typical steps: loan application → lender underwriting → appraisal → title search/insurance → final underwriting/clear-to-close → closing. Timelines vary, and additional steps may be required for state or program-specific reviews.
The lender usually orders the appraisal and requires the borrower to pay the appraisal fee; title search/title insurance and recording fees are typically paid at closing (buyer or seller pay depending on custom and contract). Inspection fees are paid by the buyer.
Options: renegotiate price, bring cash to cover the difference, request reconsideration of value with comps, or cancel the contract per contingencies. Lender will only lend based on appraised value/acceptable LTV.
A broker shops multiple lenders and loan products to find competitive terms; a direct lender underwrites and funds loans in-house. Brokers can provide broader market access; compensation structures differ.
Brokers may charge origination fees, broker fees, or be paid by the lender. Disclosures show total lender and broker compensation. State rules vary on allowable fees and how they are disclosed at application and closing.
Brokers maintain state licenses and NMLS registration, follow state law and federal regulations, provide required disclosures, and keep records. You can verify licenses on NMLS Consumer Access and state regulator sites.
The loan servicer (which may be the lender or a third party) collects payments. Servicer details are in your closing documents; payment methods include online portal, mail, or automatic debit.
Contact your servicer immediately. Options include forbearance, loan modification, repayment plans, or short-term assistance programs. State and federal relief programs may apply in hardship situations.
Yes—refinancing and loan modification are common solutions. Eligibility depends on credit, equity, loan type, and servicer policies. Programs exist for rate-term refinance, cash-out, and hardship modifications.
Yes—use payment, affordability, refinance, and amortization calculators to estimate payments and savings. Inputs include loan amount, rate, term, taxes, and insurance.
Yes—closing costs vary by state/county and include lender, title, appraisal, recording, and transfer taxes. We can produce a state/county-specific estimate based on purchase price and loan type.
Use NMLS Consumer Access (nmlsconsumeraccess.org) to search by name or NMLS ID; state regulator websites also list licensed brokers and their status.
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