Before you start shopping let our professionals pre-qualify you for a mortgage! You can find out what amount you can get approved for, what your monthly payments would be and the loan process will go faster once you find the home of your dreams! Don't spend hours staring at a computer, talk to someone local over the phone or in person. Our loan officers will walk you through the whole process.
Mortgage rates can fluctuate several times a day, and are influenced by many factors that are out of the loan officer's control. Determining if you're getting the best deal at any given moment boils down to whether or not you trust that your preferred loan officer is truly looking out for your best interests. Get more about the entire mortgage process and why you should choose us for your new mortgage.
Mortgage Masters of Indiana, Inc. is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements.
Mortgage rates can fluctuate several times a day, and are influenced by many factors that are out of the loan officer's control. Determining if you're getting the best deal at any given moment boils down to whether or not you trust that your preferred loan officer is truly looking out for your best interests. Get more about the entire mortgage process and why you should choose us for your new mortgage.
Mortgage Masters of Indiana, Inc. is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements.
Services
Meet Our Team
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Shannon Curry Bartnick is the President of Mortgage Masters of Indiana, and is originally from Bloomington, Indiana.
She began her career in the Mortgage industry in 1995, and relocated to Evansville in the year 2000.
Shannon resides in Newburgh, Indiana with her husband Chris and two sons, Luke and Logan.
Shannon is one of Indiana's most respected Mortgage Bankers and has an extensive business and mortgage banking background.
As the President of Mortgage Masters of Indiana, Shannon is committed to employing the most professional and experienced mortgage originators in the area, and to offering the most cutting edge loan products.
She began her career in the Mortgage industry in 1995, and relocated to Evansville in the year 2000.
Shannon resides in Newburgh, Indiana with her husband Chris and two sons, Luke and Logan.
Shannon is one of Indiana's most respected Mortgage Bankers and has an extensive business and mortgage banking background.
As the President of Mortgage Masters of Indiana, Shannon is committed to employing the most professional and experienced mortgage originators in the area, and to offering the most cutting edge loan products.
USDA/Rural Housing Loans
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A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers.
USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
Mortgage Masters is proud to be one of the lenders in the area that does USDA/Rural Housing Loans.
As a part of its Rural Development program, the USDA invested almost $20 billion in 2014 to help nearly 140,000 families buy and improve their homes.
USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
Mortgage Masters is proud to be one of the lenders in the area that does USDA/Rural Housing Loans.
As a part of its Rural Development program, the USDA invested almost $20 billion in 2014 to help nearly 140,000 families buy and improve their homes.
Conventional Home Loans
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Most lenders would consider a conventional mortgage as a loan that conforms to the guidelines set forth by Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs) that provide liquidity in the mortgage market.
Technically speaking, a conventional loan is any mortgage that is not guaranteed or insured by the US government, such as VA, FHA and USDA.
Conventional mortgages include portfolio loans, construction loans, and even subprime loans.
But again, whenever a lender refers to a "conventional loan" they are most likely referring to conforming mortgages that are eligible for purchase by Fannie Mae and Freddie Mac.
Technically speaking, a conventional loan is any mortgage that is not guaranteed or insured by the US government, such as VA, FHA and USDA.
Conventional mortgages include portfolio loans, construction loans, and even subprime loans.
But again, whenever a lender refers to a "conventional loan" they are most likely referring to conforming mortgages that are eligible for purchase by Fannie Mae and Freddie Mac.
Jumbo Mortgage Financing
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A Jumbo, or non-conforming loan, is required for financing on a mortgage that is higher than the conforming loan limits set by Fannie Mae and Freddie Mac.
Mortgage bankers / lenders consider jumbo loans to be a riskier proposition than conventional loans due to the fact that a larger sum of money is 'bet' on a single transaction vs spreading that same dollar amount amongst multiple transactions.
For example, there is a big difference between lending on one $3million loan vs ten $300,000 loans.
On several smaller loan amounts, the lender is essentially spreading its risk over multiple properties and borrowers.
Mortgage bankers / lenders consider jumbo loans to be a riskier proposition than conventional loans due to the fact that a larger sum of money is 'bet' on a single transaction vs spreading that same dollar amount amongst multiple transactions.
For example, there is a big difference between lending on one $3million loan vs ten $300,000 loans.
On several smaller loan amounts, the lender is essentially spreading its risk over multiple properties and borrowers.
FHA Mortgage Loans
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The FHA's mission driven organization encourages home ownership and provides affordable housing opportunities with low down payment and flexible credit requirements.
Since 1934, the FHA has insured millions of home mortgages with a market share of 30% in 2010 vs 3% in 2007.
In 2009, FHA programs insured nearly 2 million loans, which included 750,000 first-time home buyers.
While most people believe that the FHA lends money directly to borrowers, it actually just insures a certain type of loan that is financed by traditional banks and mortgage lenders.
Since 1934, the FHA has insured millions of home mortgages with a market share of 30% in 2010 vs 3% in 2007.
In 2009, FHA programs insured nearly 2 million loans, which included 750,000 first-time home buyers.
While most people believe that the FHA lends money directly to borrowers, it actually just insures a certain type of loan that is financed by traditional banks and mortgage lenders.
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