Recent Client Testimonial

Mr. Lopez, Mr. Anderson, and Ms. Gibson,

I know you don’t know who I am but I’m writing you this email to tell you about the lending experience I had with a few of your employees at Alpha Mortgage. The Alpha Mortgage employees I am referring to are Mr. Chris Nagle, Mr. Champion King, and Mrs. Susan Tighe. I want to let you know I couldn’t have been more satisfied with the experience I had with this team.

Mr. Nagle, Mr. King, and Mrs. Tighe were very courteous, quick, and informative about the VA home loan process. They were able to approve my loan within a very short time frame. I’m still amazed they were able to process my loan in such a short amount of time.

Long story short, I was in the military and in 2009, on my third deployment I was hurt in Iraq from a truck bomb. I was a little to close to it when it went off in Baghdad. I was retired from the military a few years later from my injuries in Iraq. When I moved back to the U.S a few months ago I knew I wanted to use my VA loan to purchase a home. Heck, I kind of figured I earned it from all of my years overseas and the deployments.

Well, I went to five lenders to get my VA loan approved. Of course all of these lenders said they could get me the VA loan. However, Alpha was truly the only lender who actually came through on this promise. I’m serious, Alpha told me what I needed to provide them to get the VA loan approved and Alpha came through.

Finally, I’m telling everyone I meet who wants to use their VA loan to go to Alpha Mortgage, I hope you don’t mind this.

Thank you so much for making my dream of owning a home become a reality. Mr. Nagle, Mr. King, and Mrs. Tighe are the best!


Connor Murray

Mortgage Market Update – 05-21-14

Despite the spring buying season being in full bloom and mortgage rates at lows not seen in almost a year, mortgage application volume barely budged last week. The Mortgage Bankers Association reported that its Market Composite Index, a measure of total loan application volume, rose by 0.9% in the latest week, while the refinance index increased 4%. The purchase index fell by 3%.

Zillow reported today that the national negative equity rate fell to 18.8% in the first quarter of 2014, meaning more is owed on the home than it is currently worth. In Q4 of 2013, negative equity stood at 19.4%. Zillow said that negative equity tends to limit inventory, which pushes home values higher, which in turn makes those homes that are available, that much less affordable.

Government controlled mortgage finance giant Fannie Mae said today that it has cut its outlook for home sales in 2014, as well as 2015. The move comes after markets for new and existing homes experienced weakness in the first quarter. Fannie is now forecasting that existing home sales will hit 4.98 million this year, down from the 5.04 million originally projected. Single family homes are forecasted to see sales of 476,000 this year, down from 494,000.

Realtor Testimonial

“Amanda Green is a top notch loan officer that I am proud to work with on a daily basis. I highly recommend Amanda and Alpha Mortgage Corp for all your mortgage needs”

-Travis Beatty
David Cummings and associates