Preferred Lenders - The Gresham Group

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Work with a Preferred Lender for a Seamless Homebuying Experience

Our Preferred Lenders specialize in financing and are here to guide you every step of the way. By choosing one of our trusted partners, you may also be eligible for valuable contributions toward your closing costs.

Getting pre-qualified early in your home search is a smart move. Working with a lender helps you understand your budget, gives you confidence in your buying power, and allows you to act quickly when you find the right home. Our lenders offer expertise in a wide range of loan programs, including FHA, VA, Conventional, and USDA, and they understand the nuances of financing a new home.

Let our experienced lending partners help make the financing process smooth and stress-free. Start by connecting with one of our local Preferred Lenders below.

Leah Smith
Senior Loan Officer
(913) 372-5987
lsmith@fountainmortgage.com

Jake Nelson
Loan Officer
(913) 312-3807
jnelson@zillowhomeloans.com

Bob Reynolds
Loan Officer
(949) 398-1740
bobr@zillowhomeloans.com

Camellia Sheikhavandi
Loan Officer
(949) 880-0427
camellias@zillowhomeloans.com

Ryan Smith
Loan Officer
(949) 593-8013
ryansmit@zillowhomeloans.com

Mortgage Breakdown

Principal

The borrowed amount for purchasing the home does not include interest. Your mortgage payments are amortized over your loan term – typically 15 or 30 years. When you start paying your mortgage, a small amount of your loan payment goes to the principal and most of it goes to interest. Over time, the amount applied to the principal increases and the amount applied to interest decreases until the final payment reduces your principal to zero.

Interest

The percentage charged for the use of borrowed money. It’s expressed as a percentage and can be fixed for the entire loan term or adjusted periodically after a fixed introductory term. Your loan payments will begin as mostly interest, with the amount you pay toward interest reducing with each payment. You may be able to claim a mortgage interest deduction on your federal income taxes to offset the interest you owe each year.

Taxes

This is determined by the municipality you reside in to fund public schools, trash collection, police, firefighters and roads and is based on the property's value. Most homeowners use an escrow account established by their mortgage lender to pay property taxes. The lender estimates the annual tax bill for the property and adds a monthly amount to your mortgage payment to cover it. If the bill exceeds the collected amount, you’ll pay the difference when the tax bill is due.

Insurance

Homeowners insurance protects you against financial loss if your home is damaged or if there’s an accident on your property. It typically covers the cost of restoring the property to its value before the damage or accident. Mortgage insurance protects the lender against losses if you default on your loan. You must pay private mortgage insurance if you have a conventional loan and your down payment is less than 20%. You can stop paying for PMI when you have more than 20% equity in your home.