Leader in Tax ID Loans & Mortgage Solutions
Prysma Lending Group has helped thousands of families since 2003 realize their dream of homeownership through ITIN/Tax ID Loans and traditional mortgage solutions.
We are your trusted home loan provider, serving residents in Connecticut, Florida, Georgia, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, and Texas.
Our experienced loan professionals sit down with you to find the best rates and loan options for you and your family.
We understand that owning a home can seem daunting, but we support you through every step of the home buying process.
The 4 Simple Steps To Homeownership
Prysma is here to help you through the home buying process whether this is your first house or you are relocating to a new area. Here is the simple 4-Step process to owning your own home.
Pre-qualification
You speak with one of Prysma’s licensed Mortgage Loan Originators to get pre-qualified for a loan up to a certain amount. This amount helps you determine the price range for the home that is right for you. Our loan specialists will take the time to answer all of the questions you have to help ensure you choose the best loan option for your needs.
Find your home & make an offer
After pre-qualification you can begin shopping for your home. When looking at different home options, make sure to consider all the different factors including price, location and safety of the neighborhood. After you choose the property you make an offer and negotiate with the seller on the final sales price.
Formal Loan Application & Processing:
Once your offer has been accepted and you have a signed purchase contract, you return to your Prysma loan officer to formally apply for your mortgage. Our processing team then works behind the scenes to verify your financial documentation, coordinate the home appraisal, and prepare your file for underwriting.
Closing & Moving In
Once your offer has been accepted and you have been approved for your mortgage you prepare for closing and move into your new home!
Home Loan Options We Offer
Non-QM Loans
Tax ID Loans
DSCR Loans
Conventional Loans
Fixed-Rate Loans
Adjustable Loans
VA Loans
FHA Loans
CHFA Loans
Understanding Home Loans
The Different Parts Of A Home Loan
There are three main choices that make up your home loan. These are the loan term, interest rate type, and loan type. Not all home loans are the same.
Understanding these three key parts will help you determine the right lending option for your needs.
Loan Term
The term of your loan is how long you have to repay the loan. The term affects the monthly principal and interest payments, your interest rate and how much interest you pay over the life of the loan. Common loanterms are 30 years or 15 years.
Interest Rate Type
Your loan interest rate comes in two basic types: fixed and adjustable interest rates. Your choice in interest type will determine if your interest rate can change, whether the monthly principal and interest payment can change and its amount and the interest you pay over the life of the loan.
Loan Type
Home loans fall into different categories based on your qualifications and loan structure. Prysma offers conventional financing alongside government-backed programs like FHA and VA loans. We also specialize in alternative Non-QM loan programs, including our industry-leading Tax ID (ITIN) mortgages.
#Glossary
Common Home Loan Terms
No two home loans are exactly alike. Understanding these fundamental terms will help you decode the lending process, eliminate the guesswork, and find the perfect program for your goals.
01. Loan Term
The time period for your loan.
02. Principal
The amount of debt, not counting interest, left on a loan.
03. Down Payment
The amount of cash a homebuyer pays to make up the difference between the purchase price (plus closing costs and fees) and the mortgage amount. Usually, 20 percent of the purchase price is the required down payment to avoid having to pay for private mortgage insurance.
04. Interest Rate
The annual interest on a loan, based on a percentage of 100. The lower your interest rate, the lower your monthly payment.
05. Origination Fee
The fee charged by a lender for processing a loan.
06. Pre-approval
Getting pre-approved for a mortgage requires that you complete a mortgage application and supply a lender with all the necessary documentation to check your financial background and credit rating. You will then be told the exact mortgage amount for which you are approved.
07. Pre-qualification
Occurs when a lender estimates what size loan, usually a mortgage, you can afford. A prequalification estimate is non-binding.
Why Choose Prysma As Your Lending Provider
Focused on Hispanic Homeownership
We know that not everyone gets treated equally in the home-buying process. We’re here to correct that for members of our community.
20+ Years of Experience
We’re passionate about what we do, so it’s easy for us to keep growing and delivering home loans to Hispanic families
We’re Honest and Transparent
We want to make your home-buying experience as clear and accessible as possible. We will always be upfront with you about your options.
We Find Solutions
The home-buying process can be challenging. We’ll help you navigate your options and find the home loan that’s perfect for you.
Testimonials
Start your home purchase or refinance with the leader in Tax ID loans & mortgage solutions
Prysma is your trusted home loan provider, serving residents of Connecticut, Florida, Georgia, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, and Texas. Prysma is here to prove that your dream of homeownership is completely attainable.
Our experienced loan professionals sit down with you to find the best rates and loan options for you and your family. We understand that financing a home can seem daunting, but we support you through every single step of the homebuying journey.
Fill out the form or call today to learn which of our home loans is right for you. (203) 743-9985
