A straight answer on what you can afford.
Jack Gilmore, Loan Officer in East Providence. One person from your first call to closing day.
Jack Gilmore
Loan Officer, NMLS 2602566
Licensed in Rhode Island, Massachusetts and Connecticut
Jack's communication through every step was incredible. He answered questions quickly and explained away any concerns I had. Best experience I've had with a mortgage company.
What working with Jack looks like
- One phone number. Jack answers his own calls and texts, from first question to closing day.
- Local knowledge. Triple-deckers, condos, capes. He knows what underwriters ask about the homes around here.
- A plan before you shop. A real pre-approval and a number you can trust before you make an offer.
Where Jack's clients buy
Six towns across three states, and the people who bought in them.
Providence, RI
East Providence, RIJack is the only lender that I have worked with that listened to what my goals are and he executed to perfection. He was in constant communication…
Warwick, RI
Pawtucket, RIJack's communication through every step was incredible. He answered questions quickly and explained away any concerns I had. Best experience I've h…
Fall River, MA
Norwich, CTBest customer service I have ever received. Jack is patient, thorough, friendly, and always got back to us in a timely manner to answer any questio…
Jack was great from the start. Always kept in communication and was very persistent in helping me. I honestly didn't think it could be done but he…
Loan programs
Not sure which fits? That is the first thing Jack sorts out with you.
| Loan | Best for | What to know |
|---|---|---|
| Conventional | Buyers with solid credit and savings | The standard fixed-rate loan for a primary home, second home or investment property. |
| FHA | First-time buyers and lower credit scores | Government-insured loan with flexible credit guidelines. Works for 1 to 4 unit homes you live in. |
| VA | Veterans, active duty and eligible spouses | No down payment for eligible borrowers, and no monthly mortgage insurance. |
| USDA | Buyers in eligible rural and suburban areas | No down payment for eligible buyers and properties. Parts of RI, MA and CT qualify. |
| Jumbo | Homes priced above conforming loan limits | Larger loan amounts for higher-priced homes across the three states. |
| All In One | Homeowners who want their mortgage to work like a checking account | A first-lien home equity line of credit. Deposits reduce the balance that accrues interest. Ask Jack whether it fits. |
Estimate a monthly payment
Plug in a price and the rate you have been quoted to see the principal and interest.
Questions people ask first
How much do I need to put down?
It depends on the program and the property. Some programs have no down payment for eligible buyers. Jack will tell you the number for your situation before you make an offer.
What is a pre-approval, and how long does it take?
A pre-approval is a lender's written statement of how much you may be able to borrow, based on your credit, income and assets. Most pre-approvals are ready within one business day of receiving your documents.
Can I buy a two, three or four unit home and live in one unit?
Yes. FHA and conventional programs both allow owner-occupied 2 to 4 unit purchases, and part of the rent from the other units may count toward qualifying, subject to program rules.
Does it hurt my credit to get pre-approved?
A mortgage credit pull is a hard inquiry. Multiple mortgage inquiries within a short shopping window are treated as one by the scoring models.
Which states can Jack lend in?
Rhode Island, Massachusetts and Connecticut.
Ask Jack
One person from your first call to closing day. East Providence, RI. Licensed in RI, MA, CT.