Carteret Mortgage

Carteret Mortgage was originally created in Virginia in 1991 as WEINCO Inc, a family company owned solely by Eric Weinstein.  In 1995, its name was changed to Carteret Mortgage Corporation, and received a Virginia Mortgage Broker License.  As of 2002, Carteret Mortgage worked in all fifty states and Washington, DC.  Carteret is not a subsidiary or parent of any other company.  Their corporate strategy is to work with a few well-trained, well-paid employees and take advantage of technological advancements to offer clients lower rates.

Carteret Mortgage Loan Options

Carteret Mortgage has many mortgages to choose from if you are planning to build your home.  Their Construction-to-Permanent Loan covers all the financing you will need to build your home and live in it.  This tidily wrapped package is helpful because you won’t have to apply for another loan after your home is built, and you will only pay one set of closing fees.  Their Lot Loan lets you buy the piece of land you plan to build your home on.  This loan is good for primary or secondary residences, and Carteret will help you apply for your Construction –to-Permanent Loan when you are ready.  They have Remodeler Loans for people who want to spruce up their homes.  This loan will allow you to add a room, renovate the bathroom, or make your kitchen a little bigger.  The Bridge Loan can help you come up with a down payment for your Construction-to Permanent Loan.  This loan allows you to use equity in your old home, even if it is on the market.  Finally, Carteret offers the Builder Spec Loan.  This loan is for builders, and will finance their next project.

Of course, Carteret Mortgage offers a wide variety of loan products for people simply buying a home as well.  They have Fixed Rate Mortgages, Adjustable Rate Mortgages, Interest Only Mortgages, and Reverse Mortgages, among many others.

Applying at Carteret Mortgage

Applying for a loan with Carteret is simple.  You can apply online, and a loan representative will contact you shortly after reviewing your application.  Before you apply, you may want to take advantage of the mortgage tools Carteret has on their website.  Their Mortgage Calculators will help you decide what size of a loan you will qualify for, and what your payment schedule will be like.

Carteret Mortgage Fun Facts

Carteret Mortgage gives to multiple organizations, including the Boys and Girls Club, women’s shelters, and The Leukemia and Lymphoma Society.

Carteret Mortgage has won many business awards.  They won the Inc.Com 500 Award, and the National Association of Mortgage Brokers (NAMB) Art of Leadership Award in 2005.

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