Meet the Evans Mortgage Team
Our friendly and knowledgeable Mortgage Loan Officers are available to discuss your needs and help guide you through the home buying, refinancing, or home equity process. Contact any of the Evans Mortgage Loan Officers or stop into any one of our financial centers for more information on all of our products and services.
Office: (716) 562-3502
Cell: (716) 609-4192
Fax: (716) 681-1566
John is available to meet at our West Seneca, North Boston, Hamburg, and Derby financial centers.
Office: (716) 562-3503
Cell: (716) 867-7149
Fax: (716) 835-6325
Bob is available to meet at our Amherst, Clarence, Williamsville, Tonawanda, and Lockport financial centers.
Mortgage calculators are available to help you decide what type of mortgage loan is best for you, whether you are considering purchasing a new home or deciding if it is the right time to refinance. Calculators don’t take into account all the factors that should be considered when choosing a new mortgage; they are designed to offer assistance. The final decision should always be based on what’s best for you and your individual situation.
Calculates your payment for different loan amounts, interest rates, and amortization terms. Calculate Payment >
Calculates how much you can save over the term of your loan by increasing your monthly payment. Calculate Savings >
Calculates your maximum mortgage amount based upon the monthly payment, interest rate, and term that you enter. Calculate Mortgage Amount >
Compares the difference between a 15-year and a 30-year mortgage. Compare Terms >
Frequently Asked Questions
Generally speaking, you can purchase a home with a value of slightly over two times your annual household income. However, the amount that you can borrow will depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Contact us
and we can help you determine exactly how much you can afford.
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change.
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Evans can help you evaluate your choices and help you make the most appropriate decision.
For most homeowners, the monthly mortgage payments include three separate parts:
- Principal: Repayment on the amount borrowed
- Interest: Payment to the lender for the amount borrowed
- Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like homeowners insurance and property taxes. It also may include payments such as flood insurance or Private Mortgage Insurance (PMI)
The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:
- Earnest Money: The deposit that is supplied when you make an offer on the house
- Down Payment: A percentage of the cost of the home that is due at settlement
- Closing Costs: Costs associated with processing paperwork to purchase or refinance a house
Learn More about the SAFE Act
The Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act was created to protect consumers and reduce fraud. This federal regulation requires that all Mortgage Loan Originators working for banks meet specific obligations. Learn More >
The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or modify their predatory loan with far better terms than those provided even in the prime market.
The NHS of South Buffalo mission is “to aid and assist in the preservation, stabilization, and revitalization of economic and aesthetic conditions of residential and commercial zones as to promote a higher quality of life and social existence. They are funded by grants from our sponsor organization, NeighborWorks, and various government entities at both the state and federal levels.
West Side and Black Rock-Riverside Neighborhood Housing Services is a full-cycle lending agency with programs carrying customers through the entire process of buying and owning a home. Our programs and services include financial capability and homebuyer education, closing cost assistance, post-purchase education, home improvement loans and foreclosure prevention counseling. By focusing on successful home ownership, these programs build and protect assets in low-income neighborhoods, making those neighborhoods stronger by encouraging investment and improving confidence.
Belmont Housing Resources is now leading advocate for quality affordable housing. In addition to administering rental assistance programs, they offer a variety of housing-related programs and services promoting home ownership and asset building, educating renters and landlords, improving existing housing stock, as well as developing and managing affordable housing.
U.S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower’s rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs.
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
Fannie Mae is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Home Buying Process guide on their website offers valuable information about buying a home. This website also provides important information for homeowners.
What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier.
Evans Bank currently provides financing for properties located in the Western New York area, encompassing Erie, Chautauqua, Cattaraugus, and Niagara counties.
If you have questions at anytime during the pre-qualification process or would like to learn more about Evans, please don’t hesitate to contact any member of the mortgage lending team, visit any of our conveniently-located neighborhood financial centers, or contact the Evans Customer Experience Center at (716) 926-3313.