STEP UP YOUR HOMEGAME
Brendan Kolesar has dedicated 21 years to the mortgage industry, and he can genuinely say that he has never been happier. His journey in this field is marked by continuous learning and growth. Despite the common assumption that two decades in the industry means having everything figured out, Brendan feels the exact opposite. He believes that there is always something new to learn from the people he surrounds himself with, keeping him passionate and engaged every single day.
Conventional Loans
A conventional loan is a mortgage that is not guaranteed or insured by any government agency such as FHA, VA, or USDA. Conventional loans are either conforming or non-conforming. Conforming mortgages are required to conform to underwriting guidelines and loan limits set by Fannie Mae or Freddie Mac, whereas non-conforming mortgages have loan amounts higher than the loan limits set by Fannie Mae / Freddie Mac.
FHA Loans
FHA loans are insured by the Federal Housing Administration and can be a great option for people who would normally find it difficult to qualify for a mortgage due to their income level, credit history, or their ability to put down a sufficient amount of down payment. For borrowers with a credit score of 580 or higher, these loans allow a down payment of just 3.5% of the total cost of the home. For those with a credit score between 500 and 579, a 10% down payment is required.
VA Loans
Guaranteed by the U.S. Department of Veteran Affairs, the VA loan program is designed to assist both current active duty military members and veterans achieve homeownership. Eligible borrowers for this program are allowed to borrow at a higher percentage of the home value and the loan is guaranteed by the government against default.
REFINANCE Loans
The process of refinancing a home means taking out a new loan to replace a current one. Homeowners who are currently paying off a home loan can apply and be approved for refinancing.
Jumbo Loans
Jumbo loans are used to finance homes with loans exceeding the loan limits set by government sponsored entities (GSEs). It is suitable for borrowers who want to buy luxury homes or refinance existing large mortgages. Jumbo loans allow you to have larger loans at a lower rate because it does not conform to the requirements set by Fannie Mae and Freddie Mac.
RENOVATION Loans
Designed for home rehabilitation purposes, FHA 203(k) loans can help pay for your home renovations. These loans are available both as a refinance and purchase. Thus, you can borrow against the equity in your home for home improvement and you can also get a single mortgage to finance both purchase and renovation of the home.
GAME-CHANGING STORIES
Lauren Hieb
Working with Brendan was amazing! He always had my best interest in mind and was eager to help with anything regarding the loan process. He explained everything in a way so that I could have a better understanding. The Kolesar team were always quick to respond to my questions no matter the time of day. They were fast in processing my loan and made it easy for me while working my full time job. I was able to upload all paperwork electronically which was great. They are the best and I will be working with them again in the future for any lending needs.
Deanne Bourne
This is my second loan in 6 months and the efficiency and patience with Tiffiney and Brendan were fantastic as usual. I would use them again.
Arielle Dumaw Whitman
I had the best experience with The Kolesar Team ! We really had no clue how to even begin the loan process and they helped us through every step of the way. Thanks again team!
Ron Martin
I don’t normally make endorsements of other people’s companies, but when I do - I mean it! We are beginning our 5th deal with Brendan Kolesar and his Team of experts (with 2 more hopefully in the pipeline). I’ve spent a lifetime in this business, many of my old friends have either died or retired. This caused me to seek out new young blood to work with. It isn’t easy finding professionals that really understand their profession, all the related nuances, have excellent communication skills, provide outstanding service, and are more than competitive with rates and fees. I highly recommend Brendan and The Kolesar Team!
Scott Brouse
Brendan and the team are as good as it gets! I've done multiple transactions through them over the past 5 years now and I guarantee you will be happy you used them.