Business Details
Your Trusted Mortgage Partner in Hanover, MA
Welcome to Wheel House Mortgage, a professional mortgage brokerage serving the entire state of Massachusetts. Our team of highly skilled loan consultants specializes in finding tailored loan solutions that fit each borrower's unique financial situation. Unlike traditional banks with limited options, we leverage relationships with multiple lenders to secure competitive rates and programs that align with your specific needs. With over 20 years of combined experience, our consultants provide expert guidance through every step of the mortgage process, from pre-approval to closing. We pride ourselves on transparent communication, personalized service, and a commitment to helping clients achieve their homeownership goals.Our expertise spans conventional loans, FHA, VA, USDA, jumbo, and specialized rehab programs like 203K loans. Whether you're purchasing a new home or refinancing an existing mortgage, our team delivers straightforward solutions with integrity. We focus on educating clients about their options while maintaining strict compliance with all state and federal lending regulations. Our dedication to excellence has earned us a reputation for reliability and customer satisfaction across Massachusetts.
Services
Fixed-Rate Loans
Adjustable-Rate Loans
VA Loans
FHA Loans
Conventional Loans
Jumbo Loans
203K Streamline Loans
203K Full Rehab Loans
USDA Loans
Home Ready/possible Loans
Highlights and features
- We offer personalized mortgage solutions tailored to individual financial situations
- Our consultants have over 20 years of combined experience in mortgage lending
- We partner with multiple lenders to find the best rates for your scenario
- We provide transparent and straightforward mortgage guidance without hidden fees
- We specialize in a wide range of loan programs including FHA, VA, and conventional options
What people say
Great service
Low rate
Professional
Answered honestly
Recommend
Services
Fixed-Rate Loans
Fixed-rate mortgages offer consistent monthly payments over loan terms ranging from 10 to 30 years. These loans protect against interest rate fluctuations, making budgeting predictable. Ideal for long-term homeowners seeking financial stability, they require minimum 1% down payments for conventional loans and typically need credit scores above 620.
VA Loans
VA loans provide zero-down financing for eligible military personnel and veterans. These programs eliminate mortgage insurance requirements and allow sellers to contribute up to 6% toward closing costs. Qualified borrowers benefit from competitive rates and flexible qualification standards through this Department of Veterans Affairs guaranteed program.
FHA Loans
FHA loans require 3.5% down payments with minimum 600 credit scores. Designed for first-time buyers, they offer lenient qualification criteria and allow seller contributions toward closing costs. Post-bankruptcy borrowers can qualify after two years, making these HUD-insured loans accessible for credit-rebuilding individuals.
203K Streamline Loans
Streamline 203K loans finance home purchases and minor repairs up to $35,000. These FHA-backed programs combine acquisition and renovation costs into one mortgage, requiring only 3.5% down. Ideal for properties needing cosmetic upgrades, they simplify the rehab process with limited contractor documentation requirements.
Conventional Loans
Conventional loans follow Fannie Mae and Freddie Mac guidelines with flexible down payment options starting at 1%. Available for primary residences, investment properties, and second homes, they require private mortgage insurance for loans exceeding 80% loan-to-value ratios. Competitive rates reward borrowers with strong credit profiles.
People
Paul F. Rocha
President
With over 20 years as a loan officer and 10 years leading mortgage companies, Paul provides expert guidance through complex lending scenarios. He specializes in explaining mortgage processes based on individual credit, income, and property situations.
Tammi Thorp
Loan Officer
Tammi brings 10+ years of mortgage industry experience, focusing on clear communication and personalized service. She ensures clients understand all aspects of their mortgage transactions while maintaining a client-first approach throughout the lending process.
Questions
What down payment options are available?
We offer programs with as little as 1% down for conventional loans and 3.5% for FHA loans. VA loans allow 0% down for qualified borrowers.
Do you offer custom loan programs?
Yes, we access multiple lenders to find customized solutions that fit your unique financial situation and property requirements.
Can I use retirement funds for a down payment?
Yes, you can use IRA or 401(k) funds for down payments if your plan allows withdrawals.
What's the difference between fixed and adjustable rate mortgages?
Fixed-rate loans maintain consistent payments over the loan term, while adjustable-rate mortgages have rates that fluctuate after initial fixed periods.
When should I consider refinancing?
Refinance when lower rates can reduce monthly payments, shorten loan terms, or when you need to access home equity for financial goals.
