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When flying first class, you expect a more comfortable and convenient experience. Why can’t you have that same feeling with your mortgage process? From first contact to closing, everything we do is First Class. Locally-owned and operated out of the Midwest, you will receive the highest level of customer service and industry experience. We encourage questions. We listen. We act. We’re your trusted advisor. As your mortgage consultants, we’re dedicated to providing our clients with exceptional service and a First Class home loan experience. We have over 100+ years of experience working in the mortgage industry which allows us to help you find the right product at the lowest rates and closing. Call us to learn more!
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Reviews
4.8
113 reviews
5 stars
108
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- DMdiana mattsonSep 30, 20255.0First Class Mortage was a great place to work with. Dan listened to all my questions and was very professional and thorough always with a smile on his face. I would highly recommend this company to anyone looking to buy a house.
- BTBrandon TaySep 30, 20255.0I worked with Dan and the team at First Class Mortgage, and I couldn’t be happier with how smooth the entire process was. From preapproval to closing, everything was handled professionally and efficiently. Any time I had a question, Dan or someone from the team would get back to me within the same day, which made a huge difference in keeping things stress-free. Everyone I interacted with was friendly, knowledgeable, and truly committed to making the process easygoing. I highly recommend First Class Mortgage to anyone looking for a reliable and responsive mortgage experience. Thanks again to Dan and the whole team!
- KGKevin GundersonSep 16, 20255.0We’ve worked with First Class Mortgage and Dan Van Winkle multiple times now, and each experience has been nothing short of exceptional. Dan is knowledgeable, responsive, and truly goes above and beyond to make the mortgage process smooth and stress-free. As repeat customers, we can confidently say that we’ll be coming back again for any future mortgage needs. The level of service, attention to detail, and genuine care Dan provides is unmatched. Highly recommend!
- TMTom MickelsonAug 31, 20255.0I can't imagine a better experience buying a home than my wife and I had with First Class Mortgage. It was our first home purchase and Dan explained everything we needed to know to make sure we felt comfortable and informed throughout the entire process. Being a small, local business, they were very personable and they truly cared about us as we went through what can be a stressful process. I highly recommend Dan and First Class Mortgage for anyone buying a home.
- JDJasmine DriscollAug 28, 20255.0I had an outstanding experience working with Dan on my mortgage. From the very beginning, he made the entire process simple and stress-free. Dan was incredibly knowledgeable and patient, taking the time to answer every question I had and explaining things in a way that was easy to understand. What impressed me most was his professionalism and genuine care for my situation. He was always quick to respond, kept me updated every step of the way, and made sure I felt confident in my decisions. I truly felt like he had my best interest at heart. Thanks to Dan and the team, what could have been a stressful experience turned into a smooth and positive one. I highly recommend Dan to anyone looking for a reliable, trustworthy, and dedicated mortgage lender—you’ll be in excellent hands.
Frequently Asked Questions About First Class Mortgage
What documentation do I need to provide?
The documentation required for each loan differs depending on the loan program. While some programs require income, employment, and asset verification, others require no documentation at all. Your mortgage consultant will provide you with a list of items needed.
Q: Are there any loan programs that don’t require a down-payment?
Yes, there are loan programs that do not require a down payment. If you and/or the property you are purchasing meet certain credit, employment history, location and other determining factors, a zero-downpayment loan may be an option for you. Contact one of our mortgage consultants to see if this is an option for you.
What is mortgage insurance and why is it required? Is there any way around mortgage insurance?
Mortgage insurance protects the lender against taking a financial loss in the event the mortgagor stops making payments. It is required on mortgage programs that require little or no down payment and the lenders exposure is greater than 80% of the purchase price or appraised value, whichever is less.
Mortgage insurance can be avoided by utilizing loan programs such as an 80/20, in which a 1st mortgage (80% LTV) and 2nd mortgage (20% LTV) are taken on the property. No down payment is required. Or, there is Lender Paid Mortgage Insurance (LPMI). With this option, the lender pays the mortgage insurance, which is offset by a higher interest rate charged to the borrower.
If I’ve filed bankruptcy in the past few years, will I still qualify for a mortgage loan?
Yes, it's possible to get approved for a mortgage loan after a bankruptcy filing.Depending on the type of filing — Chapter 7 vs. Chapter 13 — and other factors, you may have to wait anywhere from two to four years before you can get another mortgage loan. Short sales and foreclosures are different. Give us a call to discuss your options.
What are some of the benefits of Government loans (FHA, VA, USDA Rural Housing)?
Government backed loans have become an increasingly attractive option for borrowers. With the ease of qualification and enticing low interest rates, these loans provide many borrowers with access to affordable mortgages. There are FHA, VA, USDA Rural Housing programs that require little or no down payments, no pre-payment penalties, and limited amounts of certain fees and charges the borrower must pay to establish the loan. These programs also have rates that are comparable to conventional loans.
How is my ARM rate determined?
Adjusted Rate Mortgages have variable interest rates - interest rates that change on monthly basis depending on market conditions. Rates are determined by adding a margin to an index on a specific date.
What is a balloon loan?
A balloon loan is a short term loan with payments amortized over a longer period of time. These payments are not sufficient to pay off the loan in full within the term of the loan. The remaining balance, known as the balloon payment, is due in full at maturity of the note.
How is my monthly mortgage payment applied to my mortgage loan?
Your monthly mortgage payment includes a payment to the principal balance, interest, and escrow, otherwise known as P.I.T.I. (principal, interest, taxes and insurance).
What is the difference between pre-qualification and pre-approval?
Pre-qualification is a lender's judgment of your ability to make payments on your mortgage, based on your verbal statement of income, assets, and employment history. Pre-approval is the underwriting decision that you are conditionally qualified and is subject to the lender's review of your completed application, verification of your income, assets, employment history, credit check, appraisal and other determining factors.
Is there a fee to submit my application online?
No, applying online is free.
Once I’ve submitted my application online, how long will it take before I know if I’ve been pre-qualified?
You will receive a phone call from one of our mortgage consultants within 24 hours (during standard business days) of submitting your application. Depending on the complexity of your loan scenario, the pre-qualification process is fairly quick. A "pre qual" is a guide as you go through the home buying process. It does not guarantee you will be approved for the mortgage.
What is the difference between the interest rate and the annual percentage rate (APR)?
The interest rate is the rate you agree to pay for your mortgage loan. It is used to determine the interest portion of your monthly payment. The annual percentage rate (APR) includes your interest rate and prepaid finance charges to give you an average yearly rate.
What is a discount point?
A discount point is generally a percentage of the loan amount and is paid to the lender to buy down or lower an interest rate.
What is an escrow account?
An escrow account is set up to collect your payments for property taxes, homeowners insurance and possibly other items, in equal amounts over a 12-month period, to be paid on your behalf when those bills come due.
What is a rate lock?
A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points, and the length of the lock.
What are points?
It is an upfront cash payment required by the lender as part of the charge for the loan, expressed as a percent of the loan; e.g. '2 points’ means a charge equal to 2% of the loan balance.
What are special assessments?
Special assessments are different than property taxes. They are the method the city uses to pay for infrastructure improvements that benefit properties, such as water main replacement and flood protection projects. The cost of these projects is divided among properties that benefit from them.