Business Details
26 Years
experience
Your Trusted Mortgage Partner in Annapolis, MD
Since 2000, Universal Mortgage & Finance, Inc. has prioritized borrower needs through personalized mortgage solutions. Our direct lending model combines Tier One investor partnerships with in-house processing, underwriting, and closing capabilities to ensure efficiency. We offer a comprehensive range of residential loan programs, including FHA, VA, conventional, and investment property financing, supported by electronic loan tracking technology.Our team of licensed professionals delivers tailored guidance for first-time homebuyers, veterans, and real estate investors across 13 states. With decades of collective experience, we focus on building long-term relationships through transparent communication and streamlined transactions.
Services
FHA Loan
VA Loan
Conventional Loan
USDA Loan
Jumbo Loan
15 Year Mortgage
Refinance Loans
Cash Out Refinance
Investment Property Financing
Reverse Mortgage
Details
- Year established: 2000
Highlights and features
- We have over two decades of mortgage lending experience with licensed professionals in 13 states.
- Our in-house processing, underwriting, and closing teams accelerate loan approval timelines.
- We offer specialized loan programs for first-time homebuyers, veterans, and investors.
- Our electronic loan tracking system provides real-time visibility throughout the mortgage process.
- We maintain partnerships with Tier One investors to secure competitive rate options.
What people say
Seamless process
Exceptional customer service
Knowledgeable team
Timely responses
Personalized guidance
Services
FHA Loan
FHA loans enable first-time homebuyers with 3.5% down payments and credit scores as low as 580. These government-backed mortgages offer flexible qualification requirements while maintaining competitive interest rates. Ideal for buyers seeking affordable entry into homeownership with reduced financial barriers.
VA Loan
VA loans provide 100% financing for eligible veterans with no monthly mortgage insurance. Backed by the U.S. Department of Veterans Affairs, these loans feature lower interest rates and relaxed credit requirements. Designed to reward military service with accessible homeownership opportunities and favorable terms.
Conventional Loan
Conventional loans offer fixed monthly payments with down payments starting at 3%. These mortgages suit buyers with strong credit seeking predictable long-term payments. Available with 15- or 30-year terms, they remain ideal for those planning extended homeownership without adjustable rate risks.
Investment Property Financing
Investment property loans finance residential real estate with up to 80% LTV and flexible DSCR ratios. These programs accommodate 1-4 unit properties and non-warrantable condos. Designed for growing real estate portfolios with competitive terms for both purchase and refinance transactions.
Reverse Mortgage
Reverse mortgages convert home equity into tax-free funds for homeowners aged 62+. These HECM-insured loans provide line-of-credit options without monthly payments. Ideal for retirees seeking financial flexibility while maintaining home ownership and equity growth potential.
People
Ernie Donaldson
Branch Manager, Loan Officer
With over 20 years of mortgage experience, Ernie specializes in guiding first-time homebuyers through seamless transactions. His expertise in VA and FHA loans has helped hundreds achieve homeownership with personalized solutions and exceptional client support.
Michael Wimberly
Loan Officer
Michael brings extensive knowledge of complex financing scenarios, particularly for non-traditional income borrowers. His responsive approach and market expertise have earned multiple repeat clients and referrals from real estate professionals across Nevada and Arizona.
Justin Hilz
Loan Officer
Justin specializes in first-time homebuyer programs and refinance solutions with a focus on competitive rate negotiation. His clients consistently praise his transparency and ability to simplify complex mortgage processes for new and experienced buyers.
Ray Gerami
National Director of Lending
As National Director of Lending, Ray oversees loan operations with a focus on innovative financing solutions. His leadership drives the company's commitment to expanding accessible mortgage options while maintaining strict underwriting standards.
Karla Garcia
Loan Officer
Karla provides bilingual mortgage services with expertise in purchase and refinance transactions. Her client-centric approach emphasizes clear communication and tailored loan programs for diverse homebuying needs across multiple states.
Questions
What loan programs do you offer for first-time homebuyers?
We specialize in FHA loans with 3.5% down, VA loans for veterans with zero down payment, and conventional loans with 3% minimum down. Our team helps first-time buyers navigate all available options.
How does your pre-approval process work?
Our pre-approval requires basic financial documentation and typically completes within 24 hours. This process verifies your borrowing capacity and strengthens your position when making offers on homes.
Can you help with investment property financing?
Yes, we offer investment property loans up to 80% LTV with flexible debt service coverage ratios. Our programs accommodate 1-4 unit properties and non-warrantable condos for growing real estate portfolios.
Do you offer online loan tracking?
Our digital platform allows borrowers to track loan progress 24/7, from application through closing, with real-time updates and document submission capabilities for a streamlined experience.
What states do you operate in?
We provide mortgage services in Colorado, Delaware, District of Columbia, Florida, Georgia, Maryland, Nevada, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
How do you handle complex financing scenarios?
Our in-house underwriting team specializes in non-qualified mortgages, asset-based qualification, and renovation loans. We develop customized solutions for unique financial situations that traditional lenders may decline.
