Welcome to Acceptance
Capital Mortgage!

We are "Across the Nation - and Down the Street!"
Acceptance Capital Mortgage Corporation is a full, service mortgage loan company.
We work with many of the nation's leading lenders to deliver mortgage solutions
for our customers through a variety of local mortgage offices.

Select a Loan Product Below to Learn More

FHA Loans

Since there are many FHA home loans, the guidelines vary depending on the loan type. Usually the credit stipulations are more
lenient but the loan requirements are stricter.

• Less than perfect credit ok
• Low down payments
• Gifts or grants allowed toward down payment
• Sellers, builders, or lenders may pay some of borrower's closing costs
• 30% housing ratio
• Higher home inspection standards

Conventional Loans

In order to get a Fixed Rate mortgage, you'll need to go through a few simple steps. If you're shopping for a home, the first thing most borrowers do
is get preapproved for a loan.

Having a credit preapproval can:

• Save you time shopping for properties in your price range
• Create credibility with sellers by letting them know you're qualified and serious
• Speed up the closing process and get your loan funded sooner
• Improve your experience in the home buying process

If you're looking to refinance your mortgage with a Fixed Rate loan, you'll want to have proof of income and copies of:

• Homeowner's Insurance: Verify adequate coverage
• Proof of Income: Show past employment and income history
• Asset Information: Bank account statements, 401k, and other investment records

VA Loans

In order to obtain a VA home loan, you must first get a VA Home Loan Certificate of Eligibility. This certificate is issued only through the Veterans Administration, and is the first step towards applying for your loan. Veterans, active duty, guard or reserve, and military spouses potentially qualify for this certificate. Keep in mind that the Certificate of Eligibility, while necessary, only allows an eligible individual to apply for a home loan; it does not guarantee a loan approval.

Eligibility for the Certificate is based on an individual's (or a spouse's) military service. Congress establishes eligibility with strict guidelines. Here are five common categories of those who normally qualify for a Certificate of Eligibility:


Read More...

USDA Loans

USDA home loans offer 100% financing, low rates, and affordable payments. These loans are becoming more popular by the day, as buyers discover an easier way to buy a home with zero down payment.

The United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it is also called the USDA Rural Development (RD) Loan. This mortgage type reduces costs for home buyers in rural and suburban areas. It is one of the most cost effective home buying programs in the marketplace today.

Since its inception in 1949, the USDA Rural Development loan has helped over 1 million home buyers obtain housing with little or no money down. In 2011 alone, 130,000 people benefited from the program.

The USDA home loan is available to borrowers who meet income and credit standards. Qualification is easier than for many other loan types, since the loan doesn't require a down payment or a high credit score. Home buyers should make sure they are looking at homes within USDA-eligible geographic areas, because the property location is the most important factor for this loan type.

HARP Loans

When you have little equity in your home, or owe as much or more on your mortgage than your home is worth, it can be difficult to find a lender willing to help you refinance. But for borrowers who have remained current on their mortgages, and have loans owned by Fannie Mae or Freddie Mac, there is hope. It's called HARP.

Introduced in March 2009, HARP enables borrowers with little or no equity to refinance into more affordable mortgages without new or additional mortgage insurance. HARP targets borrowers with loan-to-value (LTV) ratios equal to or greater than 80 percent and who have limited delinquencies over the 12 months prior to refinancing.

Significant changes have been made to HARP since the program was first introduced. For example, in 2011 the LTV ceiling was removed, property appraisal requirements were waived in certain circumstances, certain risk fees for borrowers selecting shorter amortization terms were eliminated, and certain representations and warranties were waived. In 2013, the eligibility date was changed from the date the loan was acquired by Fannie Mae or Freddie Mac to the date on the note, increasing the pool of eligible borrowers.

Through HARP, you can get a lower interest rate (which means less out-of-pocket costs each month), get a shorter loan term, or change from an adjustable to fixed-rate mortgage. There's no minimum credit score needed, either.

And now that HARP guidelines are simpler, even people who were formerly turned down may now be eligible for HARP refinancing.

ARM (Adustable Rate Mortgage) Loans

• As with any mortgage, your credit history will be considered before you can get qualified. A good place to get started is with a credit preapproval.
• The loan amount for a conforming ARM loan is typically $424,100 but that limit may be higher in different regions.
• Down payments for ARMs are usually the same as traditional loans, but there are loan types that allow for lower down payments, and there down payment assistance resources available.
• 5 Year ARM - offers an initial fixed period of 5 years, then the rate adjusts. The 5 Year ARM is an option for FHA, VA, Conventional, and Jumbo loans.
• 7 Year ARM - offers an initial fixed period of 7 years, then the rate adjusts. The 7 Year ARM is an option for Conventional and Jumbo loans.
• 10 Year ARM - offers an initial fixed period of 10 years, then the rate adjusts. The 10 Year ARM is an option for Conventional and Jumbo loans.

Reverse Mortgages

A reverse mortgage is a loan for seniors age 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments.

After obtaining a reverse mortgage, borrowers must continue to pay property taxes and insurance and maintain the home according to FHA guidelines. Typically the loan does not become due as long as you live in the home as your primary residence and continue to meet all the loan obligations.

A reverse mortgage loan uses a home's equity as collateral. The amount of money the borrower can receive is determined by the age of the youngest borrower, interest rates and the lesser of the home's appraised value, sale price and the maximum lending limit. The funds available to you may be restricted for the first 12 months after loan closing, due to HECM requirements. In addition, you may need to set aside additional funds from loan proceeds to pay for taxes and insurance.

The loan does not generally have to be repaid until 6 months after the last surviving homeowner moves out of the property or passes away. At that time, the estate typically sells the home to repay the balance of the reverse mortgage and the heirs receive any remaining equity. The estate is not personally liable for any additional mortgage debt if the home sells for less than the payoff amount of the reverse mortgage loan.

How Much Can I Afford to Borrow?

One of the most frequently asked questions when it comes to applying for a home mortgage is "exactly how much mortgage can I afford?" There are many different factors that contribute to your ability as a borrower to repay your home loan. You can use the calculator here to determine the base monthly amount for your mortgage. Don't forget you will also have to budget for real estate taxes, homeowners insurance, and depending on the type of loan, mortgage insurance if you can not provide the 20% down payment.

Mortgage Rates - What You Need to Know

There are many different factors that can effect the mortgage rate you receive. Your credit score, loan type, home price, and down payment amount can affect your rate. Different loan products can also have drastically different rates. It is important to consider all of your loan options and to select the product and rate that best suits your needs. This can be a difficult and confusing process but don't worry. Our well qualified loan officers are here to help guide you in the right direction. Once you have found an option that works for you it is important that your loan officer locks in that rate. The market constantly fluctuates and mortgage rates rarely stay the same for long.

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Call Us! 470-200-0757

Welcome to Acceptance
Capital Mortgage!

We are "Across the Nation - and Down the Street!"
Acceptance Capital Mortgage Corporation is a full, service mortgage loan company.
We work with many of the nation's leading lenders to deliver mortgage solutions
for our customers through a variety of local mortgage offices.

Select a Loan Product Below to Learn More

Since there are many FHA home loans, the guidelines vary depending on the loan type. Usually the credit stipulations are more
lenient but the loan requirements are stricter.

• Less than perfect credit ok
• Low down payments
• Gifts or grants allowed toward down payment
• Sellers, builders, or lenders may pay some of borrower's closing costs
• 30% housing ratio
• Higher home inspection standards

In order to get a Fixed Rate mortgage, you'll need to go through a few simple steps. If you're shopping for a home, the first thing most borrowers do
is get preapproved for a loan.

Having a credit preapproval can:

• Save you time shopping for properties in your price range
• Create credibility with sellers by letting them know you're qualified and serious
• Speed up the closing process and get your loan funded sooner
• Improve your experience in the home buying process

If you're looking to refinance your mortgage with a Fixed Rate loan, you'll want to have proof of income and copies of:

• Homeowner's Insurance: Verify adequate coverage
• Proof of Income: Show past employment and income history
• Asset Information: Bank account statements, 401k, and other investment records

In order to obtain a VA home loan, you must first get a VA Home Loan Certificate of Eligibility. This certificate is issued only through the Veterans Administration, and is the first step towards applying for your loan. Veterans, active duty, guard or reserve, and military spouses potentially qualify for this certificate. Keep in mind that the Certificate of Eligibility, while necessary, only allows an eligible individual to apply for a home loan; it does not guarantee a loan approval.

Eligibility for the Certificate is based on an individual's (or a spouse's) military service. Congress establishes eligibility with strict guidelines. Here are five common categories of those who normally qualify for a Certificate of Eligibility:


Read More...

• As with any mortgage, your credit history will be considered before you can get qualified. A good place to get started is with a credit preapproval.
• The loan amount for a conforming ARM loan is typically $424,100 but that limit may be higher in different regions.
• Down payments for ARMs are usually the same as traditional loans, but there are loan types that allow for lower down payments, and there down payment assistance resources available.
• 5 Year ARM - offers an initial fixed period of 5 years, then the rate adjusts. The 5 Year ARM is an option for FHA, VA, Conventional, and Jumbo loans.
• 7 Year ARM - offers an initial fixed period of 7 years, then the rate adjusts. The 7 Year ARM is an option for Conventional and Jumbo loans.
• 10 Year ARM - offers an initial fixed period of 10 years, then the rate adjusts. The 10 Year ARM is an option for Conventional and Jumbo loans.

USDA home loans offer 100% financing, low rates, and affordable payments. These loans are becoming more popular by the day, as buyers discover an easier way to buy a home with zero down payment.

The United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it is also called the USDA Rural Development (RD) Loan. This mortgage type reduces costs for home buyers in rural and suburban areas. It is one of the most cost effective home buying programs in the marketplace today.

Since its inception in 1949, the USDA Rural Development loan has helped over 1 million home buyers obtain housing with little or no money down. In 2011 alone, 130,000 people benefited from the program.

The USDA home loan is available to borrowers who meet income and credit standards. Qualification is easier than for many other loan types, since the loan doesn't require a down payment or a high credit score. Home buyers should make sure they are looking at homes within USDA-eligible geographic areas, because the property location is the most important factor for this loan type.

When you have little equity in your home, or owe as much or more on your mortgage than your home is worth, it can be difficult to find a lender willing to help you refinance. But for borrowers who have remained current on their mortgages, and have loans owned by Fannie Mae or Freddie Mac, there is hope. It's called HARP.

Introduced in March 2009, HARP enables borrowers with little or no equity to refinance into more affordable mortgages without new or additional mortgage insurance. HARP targets borrowers with loan-to-value (LTV) ratios equal to or greater than 80 percent and who have limited delinquencies over the 12 months prior to refinancing.

Significant changes have been made to HARP since the program was first introduced. For example, in 2011 the LTV ceiling was removed, property appraisal requirements were waived in certain circumstances, certain risk fees for borrowers selecting shorter amortization terms were eliminated, and certain representations and warranties were waived. In 2013, the eligibility date was changed from the date the loan was acquired by Fannie Mae or Freddie Mac to the date on the note, increasing the pool of eligible borrowers.

Through HARP, you can get a lower interest rate (which means less out-of-pocket costs each month), get a shorter loan term, or change from an adjustable to fixed-rate mortgage. There's no minimum credit score needed, either.

And now that HARP guidelines are simpler, even people who were formerly turned down may now be eligible for HARP refinancing.

A reverse mortgage is a loan for seniors age 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments.

After obtaining a reverse mortgage, borrowers must continue to pay property taxes and insurance and maintain the home according to FHA guidelines. Typically the loan does not become due as long as you live in the home as your primary residence and continue to meet all the loan obligations.

A reverse mortgage loan uses a home's equity as collateral. The amount of money the borrower can receive is determined by the age of the youngest borrower, interest rates and the lesser of the home's appraised value, sale price and the maximum lending limit. The funds available to you may be restricted for the first 12 months after loan closing, due to HECM requirements. In addition, you may need to set aside additional funds from loan proceeds to pay for taxes and insurance.

The loan does not generally have to be repaid until 6 months after the last surviving homeowner moves out of the property or passes away. At that time, the estate typically sells the home to repay the balance of the reverse mortgage and the heirs receive any remaining equity. The estate is not personally liable for any additional mortgage debt if the home sells for less than the payoff amount of the reverse mortgage loan.

How Much Can I Afford to Borrow?

One of the most frequently asked questions when it comes to applying for a home mortgage is "exactly how much mortgage can I afford?" There are many different factors that contribute to your ability as a borrower to repay your home loan. You can use the calculator here to determine the base monthly amount for your mortgage. Don't forget you will also have to budget for real estate taxes, homeowners insurance, and depending on the type of loan, mortgage insurance if you can not provide the 20% down payment.


Mortgage Rates - What You Need to Know

There are many different factors that can effect the mortgage rate you receive. Your credit score, loan type, home price, and down payment amount can affect your rate. Different loan products can also have drastically different rates. It is important to consider all of your loan options and to select the product and rate that best suits your needs. This can be a difficult and confusing process but don't worry. Our well qualified loan officers are here to help guide you in the right direction. Once you have found an option that works for you it is important that your loan officer locks in that rate. The market constantly fluctuates and mortgage rates rarely stay the same for long.