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
National Guard and Reserve Members May Qualify for a VA Home Loan and Most Have No Idea
National Guard and Reserve Members May Qualify for a VA Home Loan and Most Have No Idea
The Misconception That Is Costing Guard and Reserve Members a Powerful Benefit
One of the most common and most costly misconceptions Keith Calabro hears from military members is the assumption that VA home loans are only available to those who have served on full-time active duty. Guard and Reserve members regularly disqualify themselves from one of the most powerful mortgage benefits available before they ever find out whether they actually qualify.
The truth is that many National Guard and Reserve members are fully eligible for VA financing and they simply do not know it.
What Actually Qualifies Guard and Reserve Members for VA Financing
If you have served in the National Guard or Reserves without full-time active duty service the eligibility requirements are specific and worth understanding clearly. Basic training and AIT do not count toward VA eligibility for Guard and Reserve members so the calculation starts from service beyond those initial requirements.
The first path to eligibility is six years of service in the National Guard or Reserves. If you have completed six years of service you may qualify for VA financing regardless of whether that service included active duty deployment.
The second path applies to members who have been deployed. Ninety days of continuous service during a wartime activation qualifies a Guard or Reserve member for VA benefits. For peacetime activations the requirement is 181 days of continuous service with at least 90 days of non-training active duty under Title 10 orders.
As Keith Calabro explains, a military veteran and VA loan specialist himself, the service criteria that qualify Guard and Reserve members for VA benefits are more accessible than most of those members realize. The key is actually checking eligibility rather than assuming the answer is no.
What VA Financing Provides for Eligible Guard and Reserve Members
For Guard and Reserve members who do qualify the VA benefit delivers the same powerful features that make it the best mortgage product available to eligible borrowers anywhere in the market.
No down payment required. The full purchase price can be financed without any money toward the purchase price out of pocket. On a $350,000 home that means the difference between needing $17,500 to $70,000 upfront depending on the loan type and needing effectively nothing for the down payment.
No private mortgage insurance. Conventional loans require PMI when the down payment is below 20 percent and FHA loans require mortgage insurance for the life of the loan in most cases. VA loans require neither. That absence of monthly mortgage insurance saves eligible borrowers hundreds of dollars every single month and represents significant savings over the life of the loan.
Competitive interest rates that are consistently lower than conventional loan rates for the same borrower profile. The government backing behind the VA product reduces lender risk in ways that translate into better pricing for the borrower from day one.
Flexible credit guidelines that are designed to work for the realities of military and veteran financial situations rather than against them.
Before You Assume You Do Not Qualify
The single most important message for any National Guard or Reserve member who has been assuming they are not eligible for VA financing is to stop assuming and start checking. The eligibility determination is straightforward and getting clarity on where you stand takes minutes rather than days.
Keith Calabro is a military veteran and VA loan specialist who checks eligibility for Guard and Reserve members regularly. Send a message with the word VA and Keith Calabro will help you determine whether you qualify and what the VA benefit could look like for your specific situation and homebuying goals.
Sources
VA.gov MilitaryOneSource.mil ConsumerFinancialProtectionBureau.gov NAR.realtor MortgageNewsDaily.com
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