What is EvolvePath Mortgage?
EvolvePath Mortgage, LLC is a mortgage company headquartered in Dallas that is redefining the path to homeownership with a uniquely personalized and empathetic approach to mortgage lending.  We understand that a home is more than just a place to live. In most cases, home ownership is the single largest investment of one's life. It's the foundation for your life's journey. Our aim is to empower you with the knowledge and resources to make well-informed decisions so that you may achieve your dream of homeownership.
Why should I use EvolvePath Mortgage?
EvolvePath Mortgage lets you work at your own pace, while providing superior customer service and expert hands-on guidance every step of the way. We are dedicated to making the path to homeownership more affordable, more accessible, and less complicated for all Americans so they may achieve their dreams of homeownership. If you’re buying a home, refinancing, or looking to get cash out of your home’s equity, we can provide the expertise and tools to guide you with your decision every step of the way. If you are a first-time home buyer, our team of licensed loan officers is ready to guide you from very early on in your process to best prepare you for loan approval.
What is EvolvePath Mortgage?
EvolvePath Mortgage, LLC is a mortgage company headquartered in Dallas that is redefining the path to homeownership with a uniquely personalized and empathetic approach to mortgage lending.  We understand that a home is more than just a place to live. In most cases, home ownership is the single largest investment of one's life. It's the foundation for your life's journey. Our aim is to empower you with the knowledge and resources to make well-informed decisions so that you may achieve your dream of homeownership.
What regions of the United States does EvolvePath Mortgage service?
EvolvePath Mortgage currently services home loan needs in Texas.  EvolvePath Mortgage is available 24/7 by accessing our website to get a free quote, apply online, or to schedule a free consultation with a Licensed Loan Officer.  We are here to guide you at every step of the home loan process.
How safe is EvolvePath Mortgage to use?
Protecting your personal information is our top priority. We use bank-level encryption, and we are constantly monitoring our site to make sure it’s secure. We won’t sell your data or use it for anything other than what’s stated in our Privacy Policy.
How competitive are EvolvePath Mortgage rates?
You will always get our best rates. Our rates are consistently lower than most lending institutions. When choosing a mortgage lender, the lowest rate is only part of the picture. There are numerous fees, expenses, and closing costs to consider for your specific situation. That is why EvolvePath Mortgage focuses not only on delivering the lowest rates on your home loan but also providing the best overall mortgage value for our customers. Contact one of our licensed loan officers to learn more about our home loan services.
How accurate are the numbers that I get from EvolvePath Mortgage?
When you apply with EvolvePath Mortgage, we give you real numbers – not estimates. Of course, your numbers can change slightly between the time you apply and the time your loan closes. For example, we may need to change your loan amount after you find a home or after we get the appraisal report.
How does EvolvePath Mortgage work?
EvolvePath Mortgage was designed to seamlessly guide  you through the entire mortgage process from when you first start thinking about a mortgage all the way through closing and even keeping you updated with helpful home and mortgage information after you close.  Our team of licensed loan officers is devoted to thoroughly understanding your personal situation, enabling us to guide you through a broad spectrum of home loan options and assistance paths early on in your decision process to optimally position you for loan approval.   By choosing EvolvePath Mortgage, you are partnering with more than just a mortgage lender; you are gaining a dedicated ally that is genuinely committed to guiding you every step of the way with professionalism, empathy, and integrity. Your dream of homeownership is our priority.
What kind of loans can I get with EvolvePath Mortgage?
EvolvePath Mortgage partners with United Wholesale Mortgage, the #1 overall mortgage lender and purchase lender in the United States, providing a broad assortment of home loan options including: Purchase Loans FHA loans VA loans USDA loans Jumbo loans Self-Employed loans Refinance loans Home Equity Line of Credit (HELOC) loans Business and Investment loans You can schedule a free consultation with a licensed loan officer online or call at (800) 000-0000 to learn more about our loan options.
What do I need to apply for a mortgage?
If you are employed (not self-employed), you’ll need to provide the following: U.S. Individual Income Tax Returns (IRS Form 1040) for the two most recent tax years, including all schedules (the federal portion only). A separate email address for each person that will be on the loan Your banking information about how much money is in each account you want us to consider for your approval (e.g., checking and savings accounts, retirement accounts, stocks and other assets) Your income and employer information Your Social Security number And for each current job you hold (again, not self-employment): A copy of your pay stubs covering the last 30 days. Wage and Tax Statement (IRS Form W-2) for the two most recent tax year
What do I need to do if I’m self-employed?
If you’re self-employed (or you own more than 25% of any company) you will need to provide your Business tax returns (IRS Form 1065, 1120, or 1120-S) for the two most recent tax years, including all schedules. And provide one of the following: Regulatory agency document that includes the name of the business and information indicating the business is active and in good standing. An image from the regulatory agency website is acceptable. Business license that includes the name of the business and information indicating the business is active and in good standing. An image from the regulatory agency website is acceptable. Letter from the Certified Public Accountant that includes the name of the business, a certification that the business is active and in good standing, and verifies the self-employed period stated on the loan application. If you are self-employed and a partner in a business, receiving a Schedule K-1 Partner’s Share of Income, Deductions, and Credits (IRS Form 1065), you will need to provide: A Schedule K-1 Partner’s Share of Income Deductions Credits (IRS Form 1065)
What if I do not have a social security number?
If you want to buy a home but don’t have a Social Security number. It can be challenging to get approved with a traditional lender. However, you may be able to apply for an ITIN loan that specifically caters to borrowers with IRS-issued Individual Tax Identification Numbers (ITINs).  Immigration status doesn’t affect the issuance of ITINs. So, you’ll be eligible for an ITIN if you’re a resident alien or nonresident alien if you’re obligated to file and pay taxes. Talk with one of our licensed loan officers to see if you can qualify for an ITIN loan. You can schedule a free consultation online or call (888) 525-7503.
How can I get a pre-approval letter?
EvolvePath Mortgage can provide you with a free Prequalified Approval Letter in minutes, which is an initial review of the basic financial information you shared. Similar to a preapproval letter, this provides an estimate of how much home you can afford, but does not verify your financial details or credit history. After you get a Prequalified Approval Letter, the next step is to maximize your buying power with a Verified Approval Letter. We verify your income, assets and credit up front, which can help your offer stand out.
What credit score do I need to get approved?
In most cases you will need a minimum credit score of 580 to meet necessary eligibility criteria. Keep in mind that the score we use might be slightly different from the one you get from your credit card company or other source. We use a FICO® Score, but educational sources might use a different credit scoring model, such as a Vantage Score. We still encourage you to apply even if you think your score is slightly below 580. We may be able to direct you to services that could help boost your credit score. What do I need for a down payment? That depends on the type of loan you need. But the good news is, you don’t have to put down the traditional 20% anymore. Your down payment can be as little as 3% on a conventional loan, or 3.5% on an FHA loan. 0% down USDA and VA loans are also available if you qualify. A licensed loan officer can help you determine what loan is right for you.
What does it cost to get a loan with EvolvePath Mortgage?
Applying with EvolvePath Mortgage is free! There’s no cost to see your customized mortgage recommendations or get approved. However, if you decide to move forward with your loan, there are costs involved – just like with any other lender. Things like the size and type of the loan, your credit score and interest rates all play a role in determining how much you’ll pay to borrow money. Each lender might explain costs and fees a little differently, making it hard to know which lender is offering the best deal. It’s better to base your mortgage decision on what the best value is for your specific needs. A licensed loan officer can assist you with finding the most affordable loan to meet your financial goals.
How do I know what my closing costs will be?
The short answer is that it depends on whether you’re buying or refinancing. If you’re buying a home, plan to have at least 3% of the purchase price for a down payment and another 3% and 6% of the purchase price for closing costs. If you’re refinancing, you might not need to pay out of pocket to close your loan. In many cases, you be able to roll all your closing costs into your loan to make out of pocket refinancing costs more affordable. A licensed loan officer can help you determine what the best option is for your needs and goals.
How Long does it take to close on a loan?
On average, it takes about 30 days to close on a loan. Several factors can change that time frame, including: Loan type (i.e. purchase, refinance, HELOC) Financial situation (i.e. employed or self-employed) Term of your loan (i.e.15-year, 20-year, 30-year) Some borrowers can close in as little as ten days.
What do I need to bring to the closing?
Bring your government-issued ID (like your driver’s license) and the funds you will need to close. You can review the details with your licensed loan officer.
