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4.9

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4.9

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By Refinancing, you would like to

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4.9

Our clients love us – and so will you.

morteza shekarforoushmorteza shekarforoush
00:38 14 Oct 23
I have been in touch with Behzad for my mortgage. He is fantastic and always responsive, and he is a problem-solving attier. He gave me pre-approval with a soft inquiry, which did not affect my credit. I appreciate him for all he has done.
Hamid ShiraziHamid Shirazi
00:19 13 Oct 23
Collaborating with Behzad was truly delightful. His level of professionalism is top-notch, and his responsiveness is truly impressive. What sets him apart is his commitment to ensuring that I obtain the best possible loan option. Behzad's expertise... and dedication made this process stress-free, and we were happy with the results. I highly recommend him for anyone looking for a loan officer who goes the extra mile to deliver an outstanding service.read more
Maryam EsMaryam Es
16:48 12 Oct 23
I had the pleasure of working with Behzad as my loan officer to close on my house in Maryland, and I was truly impressed with his level of expertise, experience, and service . He demonstrated a high level of professionalism, expertise,... responsiveness, and dedication.He was able to explain financial matters in a way that was easy for me to understand. He took the time to guide me through each step of the loan application process, ensuring I felt informed and confident in my decisions.What I appreciated the most about Behzad was his commitment to finding the best loan options and only running a soft inquiry in the initial stage in a way that it wouldn’t impact my credit score.He went above and beyond to secure a competitive interest rate and loan terms that were highly favorable.Throughout the process, Behzad was exceptionally approachable. He answered my questions and kept me updated at every step of the process.Needless to say, I will highly recommend him.read more
Mehdi ZamanipourMehdi Zamanipour
15:27 12 Oct 23
I had a fantastic experience working with Behzad Hamidi with InstaMortgage. He went above and beyond to help me secure a loan pre-approval without the need for a hard credit score inquiry. He patiently answered all my questions and provided... invaluable guidance in finding the best loan option for my needs. His dedication and expertise made the entire process smooth and stress-free. I highly recommend his services to anyone seeking financial assistance.read more
Enrique GarciaEnrique Garcia
16:19 16 Aug 23
Giovanni Valdez with InstaMortgage was super friendly and helpful. He made the whole buying process super easy. Explained everything well and was super patient when it came to answering questions. As a new home owner, I was super nervous and had... tons of questions and Giovanni walked me through everything. Definitely would refer him to anyone. It was a pleasure doing business with him. He’s awesome. Best of the best and tons of experience. Thank you Gio for all the great help!read more
Shreeni VShreeni V
16:25 09 Aug 23
Shashank and Bianca are an excellent team to work with. This is my second closing with them and every time they have ensured competitive rates, clear communications/expectations and on-time closure. No last minute surprises and no drama/rush around... closing time. Bianca does a lot of due diligence and is on top of everything. Working with them closely, I get a lot of confidence that they have the best interest of the customers in the forefront of everything else. Looking forward to more mutually rewarding engagements with them.read more
Hossein NematiHossein Nemati
17:48 23 Jun 23
I have worked with Mr. Behzad Hamidi to get a loan for our recent investment property. The level of care, support, and response he provided was phenomenal. He made the entire process extremely smooth by making himself available pretty much anytime... to answer questions and making sure I will get the product i need. It was amazing to see how fast he made things ready for the next steps. Communication with Behzad was also great and he kept me informed at every stage of the process with a clear timeline.I would definitely recommend to work with him if you need a loan and certainly look forward to working with him again in the next opportunity.read more
Fateme NikparvarFateme Nikparvar
23:35 21 Jun 23
I recently had the pleasure of working with Mr Behzad Hamidi, and I cannot emphasize enough how impressed I am with his exceptional professionalism. From start to finish, my experience exceeded all expectations, making him my go-to choice for any... future lendung needs.From the moment I reached out to him, he was invredibly responsive and attentive. He demonestrated a geniune interest in understanding my situation and tailored their services to meet my special needs. His dedication to customer satisfaction was evident through the entire process. He provided clear instruction, ensuring I had all documents. He was not only knowledgeable but also went above and beyond to address my concerns and answer all my questions. He took time to explain every detail of the loan , ensuring I fully understand everything!I wholeheartedly recommend him to anyone who need of lending services. His commitment to customer satisfaction truly set him apart. My experience was nothing short of outstanding and Im greatful for his expertise and dedication. THANK YOU BRHZAD for making my loan journey a positive one!Fatemehread more
Nathan AzNathan Az
16:32 31 May 23
Behzad Hamidi was my lender.He patiently answered all my questions. He was always available whenever I contacted him and the process was so fast through this company. Highly recommended.
Rajesh TulsyaniRajesh Tulsyani
20:05 25 Mar 23
Very professional, courteous, super-fast responses even post closing, and customer-friendly experience!!The Instamortgage team is awesome!!Bianca was super helpful throughout the loan process and always available to address any concerns.My big... “THANK YOU” to Shashank, Bianca and Prasanna!!read more
Iman NaziriIman Naziri
23:54 29 Jan 23
I recently worked with Behzad Hamidi on securing a mortgage loan with InstaMortgage and I couldn't be happier with the experience with both my loan offer and the company. From start to finish, Behzad was incredibly passionate about helping me find... the right loan for my needs. He was always available to answer any questions I had and responded to my emails and calls promptly. His responsiveness was top-notch and he made sure to keep me updated on the status of my loan at all times. I was working with another Mortgage company at the same time, and they were adding few line items in closing costs to justify the rate they gave me and they were not so honest about it. Behzad was so helpful walking me through all items and educating me since it was my first loan. He caught unnecessary charges the other mortgage company added.They were also so quick on approving my loan. The whole process took less than 10 days. They also gave a very good rate, which was lower than few other mortgage companies and banks at the time.I would highly recommend InstaMorgage and specifically I had a nice experience working with Behzad. He truly goes above and beyond to ensure his clients are satisfied.read more
Hosein KhHosein Kh
17:28 13 Jan 23
I had an awesome experience working with Behzad (with InstaMortgage Inc.) as my loan officer in the home purchasing process.He is really knowledgeable, helpful and polite person. He has been answering all of my questions patiently during that... process. He explained every details in the loan estimate through a zoom meeting with me. He made sure I get the most lender credit and the best mortgage rate. I really appreciate his helps and supports and highly highly recommend him.read more
Katie BaughmanKatie Baughman
00:53 21 Sep 22
I have worked with Behzad 2 times now and both transactions were smooth. With both of my clients he had great communication with buyers, me the agent, and title. He always answered my questions and my calls! I would absolutely use him again.
Aimee WineAimee Wine
06:52 08 Sep 22
There aren't enough stars for my buyers lender Behzad Hamid. I am a Realtor in Savannah GA and when my buyers came to me with an out of town lender I was skeptical. However, shortly after speaking with Bezhad my option quickly changed. He was as... dedicated and committed as I was to help our mutual clients purchase their home in a very competitive market. From giving them the best rate. to calling each listing agent to reassure them of our buyers qualifications, to putting a rush on a very short appraisal contingency, he exceeded each of my expectations. Bezhad is by far one of the very best lenders I have dealt with. I wouldn't hesitate to recommend him to anyone looking for a lender: Amazing work Behzad!!!read more
morteza shekarforoushmorteza shekarforoush
00:38 14 Oct 23
I have been in touch with Behzad for my mortgage. He is fantastic and always responsive, and he is a problem-solving attier. He gave me pre-approval with a soft inquiry, which did not affect my credit. I appreciate him for all he has done.
Hamid ShiraziHamid Shirazi
00:19 13 Oct 23
Collaborating with Behzad was truly delightful. His level of professionalism is top-notch, and his responsiveness is truly impressive. What sets him apart is his commitment to ensuring that I obtain the best possible loan option. Behzad's expertise... and dedication made this process stress-free, and we were happy with the results. I highly recommend him for anyone looking for a loan officer who goes the extra mile to deliver an outstanding service.read more
Maryam EsMaryam Es
16:48 12 Oct 23
I had the pleasure of working with Behzad as my loan officer to close on my house in Maryland, and I was truly impressed with his level of expertise, experience, and service . He demonstrated a high level of professionalism, expertise,... responsiveness, and dedication.He was able to explain financial matters in a way that was easy for me to understand. He took the time to guide me through each step of the loan application process, ensuring I felt informed and confident in my decisions.What I appreciated the most about Behzad was his commitment to finding the best loan options and only running a soft inquiry in the initial stage in a way that it wouldn’t impact my credit score.He went above and beyond to secure a competitive interest rate and loan terms that were highly favorable.Throughout the process, Behzad was exceptionally approachable. He answered my questions and kept me updated at every step of the process.Needless to say, I will highly recommend him.read more
Mehdi ZamanipourMehdi Zamanipour
15:27 12 Oct 23
I had a fantastic experience working with Behzad Hamidi with InstaMortgage. He went above and beyond to help me secure a loan pre-approval without the need for a hard credit score inquiry. He patiently answered all my questions and provided... invaluable guidance in finding the best loan option for my needs. His dedication and expertise made the entire process smooth and stress-free. I highly recommend his services to anyone seeking financial assistance.read more
Enrique GarciaEnrique Garcia
16:19 16 Aug 23
Giovanni Valdez with InstaMortgage was super friendly and helpful. He made the whole buying process super easy. Explained everything well and was super patient when it came to answering questions. As a new home owner, I was super nervous and had... tons of questions and Giovanni walked me through everything. Definitely would refer him to anyone. It was a pleasure doing business with him. He’s awesome. Best of the best and tons of experience. Thank you Gio for all the great help!read more
Shreeni VShreeni V
16:25 09 Aug 23
Shashank and Bianca are an excellent team to work with. This is my second closing with them and every time they have ensured competitive rates, clear communications/expectations and on-time closure. No last minute surprises and no drama/rush around... closing time. Bianca does a lot of due diligence and is on top of everything. Working with them closely, I get a lot of confidence that they have the best interest of the customers in the forefront of everything else. Looking forward to more mutually rewarding engagements with them.read more
Hossein NematiHossein Nemati
17:48 23 Jun 23
I have worked with Mr. Behzad Hamidi to get a loan for our recent investment property. The level of care, support, and response he provided was phenomenal. He made the entire process extremely smooth by making himself available pretty much anytime... to answer questions and making sure I will get the product i need. It was amazing to see how fast he made things ready for the next steps. Communication with Behzad was also great and he kept me informed at every stage of the process with a clear timeline.I would definitely recommend to work with him if you need a loan and certainly look forward to working with him again in the next opportunity.read more
Fateme NikparvarFateme Nikparvar
23:35 21 Jun 23
I recently had the pleasure of working with Mr Behzad Hamidi, and I cannot emphasize enough how impressed I am with his exceptional professionalism. From start to finish, my experience exceeded all expectations, making him my go-to choice for any... future lendung needs.From the moment I reached out to him, he was invredibly responsive and attentive. He demonestrated a geniune interest in understanding my situation and tailored their services to meet my special needs. His dedication to customer satisfaction was evident through the entire process. He provided clear instruction, ensuring I had all documents. He was not only knowledgeable but also went above and beyond to address my concerns and answer all my questions. He took time to explain every detail of the loan , ensuring I fully understand everything!I wholeheartedly recommend him to anyone who need of lending services. His commitment to customer satisfaction truly set him apart. My experience was nothing short of outstanding and Im greatful for his expertise and dedication. THANK YOU BRHZAD for making my loan journey a positive one!Fatemehread more
Nathan AzNathan Az
16:32 31 May 23
Behzad Hamidi was my lender.He patiently answered all my questions. He was always available whenever I contacted him and the process was so fast through this company. Highly recommended.
Rajesh TulsyaniRajesh Tulsyani
20:05 25 Mar 23
Very professional, courteous, super-fast responses even post closing, and customer-friendly experience!!The Instamortgage team is awesome!!Bianca was super helpful throughout the loan process and always available to address any concerns.My big... “THANK YOU” to Shashank, Bianca and Prasanna!!read more
Iman NaziriIman Naziri
23:54 29 Jan 23
I recently worked with Behzad Hamidi on securing a mortgage loan with InstaMortgage and I couldn't be happier with the experience with both my loan offer and the company. From start to finish, Behzad was incredibly passionate about helping me find... the right loan for my needs. He was always available to answer any questions I had and responded to my emails and calls promptly. His responsiveness was top-notch and he made sure to keep me updated on the status of my loan at all times. I was working with another Mortgage company at the same time, and they were adding few line items in closing costs to justify the rate they gave me and they were not so honest about it. Behzad was so helpful walking me through all items and educating me since it was my first loan. He caught unnecessary charges the other mortgage company added.They were also so quick on approving my loan. The whole process took less than 10 days. They also gave a very good rate, which was lower than few other mortgage companies and banks at the time.I would highly recommend InstaMorgage and specifically I had a nice experience working with Behzad. He truly goes above and beyond to ensure his clients are satisfied.read more
Hosein KhHosein Kh
17:28 13 Jan 23
I had an awesome experience working with Behzad (with InstaMortgage Inc.) as my loan officer in the home purchasing process.He is really knowledgeable, helpful and polite person. He has been answering all of my questions patiently during that... process. He explained every details in the loan estimate through a zoom meeting with me. He made sure I get the most lender credit and the best mortgage rate. I really appreciate his helps and supports and highly highly recommend him.read more
Katie BaughmanKatie Baughman
00:53 21 Sep 22
I have worked with Behzad 2 times now and both transactions were smooth. With both of my clients he had great communication with buyers, me the agent, and title. He always answered my questions and my calls! I would absolutely use him again.
Aimee WineAimee Wine
06:52 08 Sep 22
There aren't enough stars for my buyers lender Behzad Hamid. I am a Realtor in Savannah GA and when my buyers came to me with an out of town lender I was skeptical. However, shortly after speaking with Bezhad my option quickly changed. He was as... dedicated and committed as I was to help our mutual clients purchase their home in a very competitive market. From giving them the best rate. to calling each listing agent to reassure them of our buyers qualifications, to putting a rush on a very short appraisal contingency, he exceeded each of my expectations. Bezhad is by far one of the very best lenders I have dealt with. I wouldn't hesitate to recommend him to anyone looking for a lender: Amazing work Behzad!!!read more
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Select The Type of Mortgage That Fits Your Needs

Buying a house is a significant financial decision, and getting a mortgage is integral to the process. In 2024, different loan programs are available, each with its own benefits and requirements. Here's an overview of the different types of mortgage loans and programs available.

Conforming Loans: These loans conform to the guidelines set by Freddie Mac and Fannie Mae, which are government-sponsored entities. In 2024, the maximum loan limit for conforming loans is $766,550 (base loan limit) for a single-family home. Some high-cost counties allow loan limits as high as $1,149,825 (high balance loan limit) for 1-unit properties. The minimum down payment requirement for a base loan limit is only 3% for first-time home buyers, and for high-balance loans, you can get a loan for as low as 5%.

FHA Loans: These loans are insured by the Federal Housing Administration and are designed for borrowers who may have a lower credit score or a smaller down payment. In 2024, the maximum loan limit for FHA loans is $498,257 (base loan limit) for a 1-unit property. Some high-cost counties allow loan limits as high as $1,149,825 for 1-unit properties. The minimum down payment requirement for an FHA loan is only 3.5% A recent reduction in FHA’s mortgage insurance premium has made this loan program cheaper for 2024 homebuyers.

VA Loans: These loans are guaranteed by the Department of Veterans Affairs and are available to eligible veterans and active-duty service members. VA loans often offer more favorable terms than conventional loans, including no down payment requirement and no private mortgage insurance (PMI) requirement. There is a funding fee (unless you are exempt) which can be added to the loan amount. These loans do not have any maximum loan limits as long as you can qualify. InstaMortgage recently closed a $3M VA loan with a 0% down payment. VA also reduced its funding fee for borrowers buying homes in 2024 putting more than a 5% down payment.

Jumbo Loans: These loans exceed the conforming loan limits set by Freddie Mac and Fannie Mae. Jumbo loans often require a higher down payment and stricter credit requirements than conforming loans. They also require significant reserves, the amount of assets you should have in your bank (or brokerage) account even after paying for the down payment and closing costs.

Now let's talk about different types of mortgage loans available for homebuyers in 2024.

30-Year Fixed-Rate Mortgage: This is the most common type of mortgage loan. The interest rate and monthly payments remain the same over the 30-year loan term, which can provide stability and predictability for homeowners. However, the interest rate for a 30-year fixed-rate mortgage is usually higher than for shorter-term loans.

15-Year Fixed-Rate Mortgage: This type of mortgage loan has a shorter loan term of 15 years, which means the borrower will pay off the loan faster and pay less interest over the life of the loan. The interest rate for a 15-year fixed-rate mortgage is usually lower than for a 30-year fixed-rate mortgage, but the monthly payments will be higher.

Adjustable-Rate Mortgage (ARM): This type of mortgage loan has an interest rate that can change over time, usually after an initial fixed-rate period. The interest rate can go up or down based on market conditions. ARMs can be a good choice for borrowers who expect to move or refinance before the interest rate adjusts.

Getting a Mortgage with a Work Visa or EAD in 2024: Most loan programs mentioned above are also available to borrowers with work visas like H1B, L1A, L1B, O, or TN visas. Borrowers with several different categories of Employment Authorization Document (EAD) are also eligible. However, you need to work with loan officers and lenders who are well-versed in such visa types to help you choose the right program that you will qualify for. At InstaMortgage, we have helped hundreds of non-permanent residents qualify for mortgage loans, some even with less than 2 years of US work and credit history.

In conclusion, many different mortgage loan programs and types are available in 2024, each with its own benefits and requirements. It's important to do your research and compare different loan options to find the one that best fits your financial situation and goals. At Instamortgage, with our competitive rates, digital-first approach, and legendary service, we can help you navigate the process and find the right loan for you.

Should I Lock My Mortgage Rates Today?

Mortgage rates can change at any time. Just as stocks are traded on Wall Street and can change in value at any time when the trading is open, mortgage rates are impacted by the yield on mortgage bonds (called Mortgage-Backed Securities, or MBS in short) that are traded on Wall Street. The price of mortgage bonds is impacted by various macro and microeconomic factors. Think geo-political tensions, employment and inflation reports, and a myriad of other news. Also, unlike the popular view, the Fed's fund rates do not directly impact mortgage rates.

This is why it's nearly impossible for someone to predict mortgage rates with any kind of confidence. Hence, it's usually risky not to lock your mortgage rates, especially if your loan is closing in the next 30 days and you have very little wiggle room. If you get a rate quote that seems fair and you qualify with those rates and fees, locking your mortgage rates is strongly recommended. Even when the projection is for mortgage rates to drop because of the market conditions today, they can change overnight, and the rates could actually end up higher.

The good news is that if the rates were to fall in the future after you have locked or closed your mortgage, your Loan Officer should be able to alert you of a refinancing opportunity.

This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan application for properties located in the state of New York can be facilitated through this website. For inquiries about loans in New York, go here.