Saxon Mortgage Company

Saxon Mortgage Company is part of Saxon Capital, Inc.  Saxon Capital is a real estate investment trust (REIT) and has three main divisions: Portfolio Management, investing in the company’s mortgage loan portfolio; Mortgage Loan Servicing, servicing the mortgage loans originated or purchased by the company; and Mortgage Loan Operations, which originates, purchases, and securitizes primarily nonconforming residential mortgage loans through relationships with various mortgage companies, mortgage brokers, and correspondent lenders and directly to borrowers.   Saxon Capital was formed in 2001and is headquartered in Glen Allen, Virginia. They currently have 21 branch offices, including two regional offices in Fort Worth, Texas and in Foothill Ranch, California.  They lend throughout the United States.  By the end of the first quarter of 2006 Saxon Mortgage serviced a loan portfolio of $26.8 billion.

Saxon Mortgage Company Loan Options

Saxon Mortgage specializes in personalized financing solutions, and is even able to help people with less-than-perfect credit.  Some of their mortgage products are outlined below:

• 100% Loan to Value (Credit Score 575+)
  
• 90% Loan to Value Stated Income (credit Score 600+)
  
• Piggyback Loans
  
• 40/30 Loans (40 year amortization due in 30 years)
  
• 30, 25, 20, 15, 12, 10 and 5 Year Fixed Rate Loans
  
• 2, 3, and 5 Year Adjustable Rate Mortgages
  
• Interest Only Loans
  
• Refinance Loans
  
• Home Equity Loans

Saxon Mortgage offers an online application.  Once filled out, a loan consultant will contact the potential borrower within one business day.  The client may also choose to contact Saxon Mortgage by phone, fax or at one of their branch locations.   All of Saxon Mortgage’s loans are secured by real estate.  The minimum loan amount is $50,000, and they currently do not fund for manufactured homes.  A frequently asked questions section and a glossary are included on Saxon’s website to aid their customers in understanding the mortgage process.

Superior customer service and responsiveness are Saxon’s number one priorities.  They listen to their clients and make every effort to find a loan that fits the needs of their customers.  Saxon Mortgage desires to make the mortgage process fast, friendly and easy.  They firmly stand behind their products, offering competitive rates and a rate lock, so the rate on the borrower’s approval is the rate at closing.  Saxon’s loan representatives will guide their clients through the entire lending procedure, so all options are clearly understood.  They maintain an environment of integrity and consider it their goal to help the home owner.  Saxon wishes to continue financing people’s dreams for years to come.

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