If you're buying a home or refinancing a mortgage in Bucks County, working with someone who understands both mortgage financing and the local market can make a difference.
Capital Funding Mortgage Associates is an independent mortgage broker based in Newtown, Bucks County, Pennsylvania.
I've been helping homebuyers and homeowners with mortgage financing since 1999.
Unlike a bank that offers only its own mortgage products, we work with multiple wholesale lenders. That allows me to compare available mortgage programs, interest rates and closing-cost structures and help determine which option makes sense for each borrower.
Just as importantly, when you work with Capital Funding Mortgage, you work directly with me.
— John Madden
Owner, Capital Funding Mortgage Associates
Mortgage Professional Since 1999 | NMLS #960139
Capital Funding Mortgage isn't a national call center trying to appear local.
Our office is located in Newtown, Pennsylvania, right here in Bucks County.
I live and work in this area and have spent more than 25 years helping borrowers finance homes.
Bucks County has a diverse housing market.
Depending upon where you're buying, you may be considering a first home, a condominium or townhome, an established single-family home, a luxury property, an investment property or a home requiring jumbo financing.
My job is to help structure the financing around your particular property and financial situation.
We work with homebuyers and homeowners throughout Bucks County, including:
Newtown
Yardley
Washington Crossing
New Hope
Doylestown
Richboro
Langhorne
Southampton
Warminster
Chalfont
Bensalem
Bristol
Quakertown
Perkasie
Sellersville
and surrounding Bucks County communities.
From the Delaware River communities of New Hope and Yardley to Newtown, Doylestown and the communities of Upper and Lower Bucks County, borrowers can have very different property types, price ranges and financing needs.
That's one reason I don't believe in a one-size-fits-all mortgage approach.
Before you make an offer, I recommend getting properly pre-approved.
A good mortgage pre-approval isn't simply a letter saying you qualify for a certain amount.
I want to understand:
Your income
Your credit
Your available assets
Your anticipated down payment
Your monthly payment goals
The type of property you're considering
The mortgage programs that may be appropriate
I also want to identify potential underwriting issues before you're under contract.
Once you're ready to make an offer, we can provide the appropriate pre-approval documentation and work with your real estate professional throughout the financing process.
GET PRE-APPROVED →
READ MY MORTGAGE PRE-APPROVAL GUIDE →
Buying your first home can involve a lot of unfamiliar terminology and decisions.
How much should you put down?
Do you need 20%?
Should you use conventional or FHA financing?
What is mortgage insurance?
How much will closing costs be?
Should you pay points for a lower rate?
These are exactly the questions I want first-time buyers to ask.
My job isn't simply to tell you that you're approved.
I want you to understand how the mortgage works and what you're paying for.
READ MY FIRST-TIME HOMEBUYER GUIDE →
Conventional financing is used by many Bucks County homebuyers and can offer considerable flexibility.
Depending upon the borrower's qualifications and transaction, conventional financing may provide:
The right structure depends upon your circumstances.
LEARN ABOUT CONVENTIONAL MORTGAGES →
Bucks County includes many higher-priced properties, particularly in communities such as Newtown, New Hope, Washington Crossing and other parts of Central and Upper Bucks.
Depending upon the loan amount and applicable conforming loan limits, some transactions may require jumbo mortgage financing.
Jumbo lenders can differ significantly in:
This is an area where working with an independent mortgage broker can be particularly valuable.
We're able to evaluate available options from multiple wholesale lenders rather than being restricted to a single bank's jumbo program.
LEARN ABOUT JUMBO MORTGAGES →
Bucks County has many business owners, professionals, independent contractors and other self-employed borrowers.
Self-employed mortgage qualification can require more analysis than a traditional salaried borrower.
Depending upon the circumstances, lenders may review:
The amount your business generates in revenue isn't necessarily the income a mortgage lender will use for qualification.
That's why I recommend self-employed buyers speak with me before they become serious about making an offer.
READ MY SELF-EMPLOYED MORTGAGE GUIDE →
Depending upon the borrower and property, FHA or VA financing may also be appropriate.
FHA financing can provide another option for buyers who may benefit from its down-payment or qualification features.
Eligible veterans, active-duty service members and certain surviving spouses may have access to VA financing, including the potential for financing without a down payment, subject to applicable VA requirements.
I don't believe in choosing a loan program simply because it's familiar.
If more than one program works, I'll help you compare them.
We also work with Bucks County homeowners who are considering refinancing.
A refinance can potentially be used to:
Reduce an interest rate
Lower a monthly payment
Shorten the mortgage term
Move from a 30-year to a 15-year mortgage
Eliminate mortgage insurance
Convert an adjustable-rate mortgage to fixed
Access home equity
Consolidate higher-interest debt
But being able to refinance doesn't necessarily mean you should refinance.
I want to compare your existing mortgage with the proposed mortgage and determine whether the numbers actually make sense.
LEARN ABOUT REFINANCING →
READ: SHOULD I REFINANCE MY MORTGAGE? →
This is one of the most important things I tell borrowers.
The lowest advertised mortgage rate isn't necessarily the best mortgage deal.
A lower rate may require substantial discount points.
Another rate may have considerably lower costs.
Another may provide a lender credit toward eligible closing costs.
I prefer to show borrowers the choices.
We'll compare:
Interest rate
Discount points
Lender credits
Closing costs
Monthly payment
Cash required at closing
Break-even period
Then you can make an informed decision.
READ MY GUIDE TO MORTGAGE RATES, POINTS & CLOSING COSTS →
When you go directly to a bank, that bank generally offers you the mortgage products and pricing available through that institution.
Capital Funding Mortgage is an independent mortgage broker.
That means we're able to work with multiple wholesale mortgage lenders.
This can be particularly useful when:
I don't believe every borrower belongs with the same lender.
The goal is to determine which available option fits your situation.
A home purchase operates on deadlines.
Your Agreement of Sale establishes important dates.
Your real estate agent may need an updated pre-approval.
The appraisal has to be completed.
Underwriting conditions have to be satisfied.
The title work has to be coordinated.
And ultimately, everyone has to be ready for closing.
That's why accessibility matters.
When you're working with me, you aren't calling a national 800 number and hoping the next person who answers understands your loan.
You have my contact information and you work directly with me.
If your Realtor needs something related to your financing, I'm available to communicate with them as well.
Homebuyers should understand that the down payment isn't the only cash potentially required when purchasing a home.
A transaction may also involve:
Pennsylvania also imposes a state realty transfer tax, with local transfer taxes potentially applying as well.
The allocation of particular transaction expenses can depend upon the property, municipality, contract and other circumstances.
I'll explain the mortgage-related figures and help you understand the difference between actual closing costs and prepaid/escrow expenses.
Bucks County combines historic communities, established neighborhoods, newer development, rural areas and Delaware River towns within one county.
Our Newtown office places Capital Funding Mortgage in the middle of the market we serve.
From historic Newtown and Washington Crossing to Doylestown and the riverfront communities of Yardley and New Hope, Bucks County offers a wide variety of communities and housing options.
That diversity also means mortgage needs can vary considerably from one buyer to another.
Whether you're buying your first home, moving into a larger property, purchasing a luxury home or refinancing a property you already own, I'll help you evaluate the financing based upon your individual situation.
I've been in the mortgage business since 1999.
During that time, I've worked through very different housing and interest-rate environments.
Mortgage programs change.
Rates change.
Underwriting guidelines change.
Technology changes.
But one thing hasn't changed:
Borrowers deserve to understand the mortgage they're taking.
I believe my responsibility is to explain your options, answer your questions and help you make an informed decision.
If you're still researching your options, I've put together several guides based on questions I regularly receive from clients:
FIRST-TIME HOMEBUYER GUIDE →
MORTGAGE PRE-APPROVAL GUIDE →
MORTGAGE LOAN PROCESS →
UNDERSTANDING RATES, POINTS & CLOSING COSTS →
15-YEAR VS. 30-YEAR MORTGAGE →
UNDERSTANDING PMI →
SELF-EMPLOYED MORTGAGE GUIDE →
SHOULD I REFINANCE? →
You don't need to understand everything before calling me.
These resources are simply here to help you become a more informed borrower.
If you're buying or refinancing a home in Bucks County, I'd be happy to discuss your situation.
Capital Funding Mortgage Associates is located in Newtown, Pennsylvania, and serves borrowers throughout Bucks County as well as the rest of Pennsylvania and New Jersey.
You don't need to submit a mortgage application just to ask me a question.
Tell me what you're trying to accomplish and we'll start there.
John Madden
Owner, Capital Funding Mortgage Associates
Newtown, Bucks County, Pennsylvania
Mortgage Professional Since 1999
NMLS #960139
GET PRE-APPROVED →
REQUEST A MORTGAGE QUOTE →
CONTACT JOHN →
