Your Local Mortgage Lender
Located in Providence, Rhode Island
Personalized Mortgage Experience
I joined the mortgage industry in 2002 after serving overseas with the U.S. Army. Since then I have helped thousands of clients purchase or refinance their homes.
I pride myself on being accessible and dependable. Whether purchasing a new home or refinancing an existing mortgage, choosing your mortgage professional is an important step. My goal is to act as a trusted advisor, providing personalized service helping you through every step of the loan process from application to closing and beyond. From first homes to dream homes I can help you get there quicker using our Upfront underwriting and ultra-efficient process.
I am a VA loan expert and I also offer a wide portfolio of programs such as FHA, Conventional, VA, Jumbo, Renovation, First Time Homebuyer, Down payment assistance, HELOC, HEloan, Reverse, Non QM , and residential commerical loan progams.
I take pride in thoroughly educating my customers throughout the mortgage transaction, so they fully understand their options and feel comfortable with their chosen loan program. Whether you are a first time home buyer or seasoned owner, you can trust me and my team with all of your home financing needs.
Please reach out anytime using the contact information located on this page and use this website as a resource as you start your home financing journey.
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Providence, Rhode Island}.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
May Was a Reality Check for Anyone Still Waiting on Rates and Here Is the Plan That Works
The Rate Market Sent a Clear Message in May
If you were tracking mortgage rates in May and waiting for the improvement that had seemed like it might finally be materializing you received a clear and unwelcome reminder of how rate markets actually function. One hotter than expected inflation report pushed rates higher in a matter of days and undid weeks of gradual progress in a single move.
This is not an anomaly. This is the pattern and buyers who are building their homeownership timeline around rate predictions are consistently finding that the market does not cooperate with the schedule they have in mind.
Why Rate Timing Keeps Failing Buyers
The variables that influence mortgage rates are global, interconnected, and genuinely unpredictable in the short term. Inflation readings, Federal Reserve communication, geopolitical developments, energy prices, bond market sentiment, and economic data releases all interact simultaneously in ways that produce outcomes no model or analyst can consistently predict with the precision that timing-based purchasing strategies require.
A buyer whose plan was built around the lowest rate they saw quoted online two weeks ago is now working from a number the market has already moved past. A buyer who is waiting for that number to reappear before committing is making a bet on a variable that has already demonstrated its willingness to move in the wrong direction without warning.
A Plan That Produces Results Regardless of Where Rates Go
As Keith Calabro explains the right response to rate volatility is not to wait indefinitely for conditions to align perfectly. It is to build a purchasing strategy that produces a good outcome even when rates move against you rather than one that requires favorable conditions to arrive on a schedule you have decided on.
Shop based on what you can afford at today's rates rather than what you saw recently or what you are hoping for. That is the real market and it is the only number that matters for the decisions being made right now. Give yourself a cushion of 0.25 to 0.50 percent above the current rate in your budget numbers so that modest movement before closing does not require rethinking the entire purchase.
When the right home is found expand the conversation with your lender beyond the quoted rate to every tool available to improve the payment and cost structure of that specific transaction. Rate locks protect against upward movement after the contract is signed. Seller credits applied toward a buydown can offset a meaningful portion of any rate increase that has occurred since you started searching. Temporary buydowns funded by the seller reduce the rate for the first one to two years when budget pressure is typically highest. Permanent buydowns lock in a lower rate for the full loan term using seller contributions or upfront points.
In a market where sellers are motivated to make concessions all of those tools are available and regularly effective for buyers who know how to incorporate them into the offer and financing strategy.
When Waiting Makes Sense and When It Backfires
There are legitimate circumstances where waiting is the right call. If there is a specific and realistic basis for expecting prices to soften or inventory to improve meaningfully in your target market waiting may produce a better outcome than acting right now.
But waiting solely because you are hoping rates will fall to a number you have decided you are comfortable with is a fundamentally different kind of waiting. It is a bet on a global market variable influenced entirely by factors outside your control. Every month that passes while waiting has a real cost in continued rent payments and potential appreciation on the homes you are choosing not to buy.
The goal is not to predict the market perfectly. It is to buy when the numbers make sense for your specific financial situation with every available tool applied to make those conditions as favorable as possible.
Keith Calabro works with buyers to build practical purchasing strategies that account for rate volatility rather than assuming it will resolve conveniently. Follow along for more real-world mortgage advice and reach out to Keith Calabro to find out what your numbers actually look like right now.
Sources
FederalReserve.gov
MortgageNewsDaily.com
BureauOfLaborStatistics.gov
BankRate.com
Investopedia.com
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