What Are Purchase Loans?

A Purchase Loan is the foundation of your homeownership journey. It provides the financing you need to buy a new home, whether it’s your first, next, or forever home. At Richard Thomas Ellis – Pilgrim Mortgage, we specialize in helping buyers find the perfect loan solution that fits their lifestyle, goals, and budget. Our process is simple, transparent, and efficient. From pre-qualification to closing, we walk you through every step, ensuring you understand your options and feel confident about your decisions. Our mission is to make buying a home an enjoyable experience — not a stressful one.
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Tailored to Fit Your Needs

No two buyers are alike, and your loan shouldn’t be either. We offer a variety of purchase loan programs — including Conventional, FHA, VA, and Jumbo Loans — each designed to accommodate different financial circumstances and property types. Our team takes the time to learn about your goals, credit profile, and long-term plans. Whether you’re purchasing your first home or upgrading to a larger space, we tailor your loan so it supports both your present comfort and future success.
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Streamlined Process from Start to Finish

Buying a home can feel complex, but with the right partner, it doesn’t have to be. At Pilgrim Mortgage, we simplify the process by providing clear communication, fast approvals, and personalized guidance. Our experienced professionals handle the details so you can focus on finding the perfect home. From document preparation to final signing, our step-by-step approach ensures that you’re informed and supported at every stage. We believe in transparency and responsiveness — qualities that make your purchase process as smooth as possible.
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Benefits of Purchase Loans

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Access Affordable Home Financing: Secure the funds you need to buy your dream home with flexible mortgage options.

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Wide Range of Loan Programs: Choose from FHA, VA, Conventional, and other specialized loan products to fit your needs.

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Competitive Interest Rates: Benefit from low rates that make homeownership more affordable and sustainable.

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Smooth and Transparent Process: Experience expert guidance from pre-approval to closing for a stress-free purchase.
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Competitive Rates and Flexible Options

We understand that every buyer wants a mortgage that fits comfortably within their financial plan. That’s why we work with multiple lenders to offer competitive rates and flexible loan terms. Our goal is to help you secure the best deal possible without compromising your financial peace of mind. With our wide range of programs and professional expertise, we ensure your loan structure aligns with your short-term affordability and long-term investment strategy — giving you both stability and opportunity.
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Why Choose Us – Your Trusted Partner in Home Financing

At Richard Thomas Ellis – Pilgrim Mortgage, we believe that finding the perfect mortgage is about more than just interest rates — it’s about trust, transparency, and a partnership built around your goals. Our mission is to make every client feel informed, empowered, and confident throughout the home financing journey.

With years of experience and a deep understanding of the mortgage industry, we take pride in offering personalized guidance and unmatched customer care. Whether you’re a first-time homebuyer or a seasoned investor, we take the time to listen, assess your unique situation, and craft a loan solution that fits your needs perfectly.

We are known for

Personalized Service: We take the time to understand your goals and create mortgage solutions tailored to your unique financial situation.

Transparency & Trust: Clear communication and honest guidance are at the heart of everything we do—no hidden surprises.

Fast & Smooth Closings: Our streamlined process and dedicated support team help you close on time with confidence and ease.

Extensive Loan Options: From FHA and VA to Jumbo and HELOCs, we offer a wide variety of programs to meet every borrower’s needs.

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

At Richard Thomas Ellis – Pilgrim Mortgage, we provide a wide range of loan programs to meet every borrower’s needs. These include VA, FHA, Conventional, Jumbo, DSCR, Bank Statement, Hard Money, HELOCs, Fix and Flip, Down Payment Assistance, First-Time Home Buyer, and Purchase Loans. Whether you’re buying your first home, investing in property, or refinancing, we have a loan option that fits your goals.

Our team takes a personalized approach to understanding your financial situation, credit profile, and long-term objectives. We’ll review your goals, explain the differences between programs, and help you choose the loan that provides the best benefits — whether it’s a low down payment, flexible credit requirements, or the lowest interest rate available.

While requirements may vary based on the loan type, most applications require proof of income, recent bank statements, identification, employment verification, and details about your assets or debts. Don’t worry — we make this process simple by providing a clear checklist and helping you gather everything needed to move forward smoothly.

The timeline can vary depending on your loan type and financial situation, but on average, the mortgage process takes about 30 to 45 days from application to closing. At Pilgrim Mortgage, we use efficient digital tools and proactive communication to ensure your loan moves quickly and without delays.

Yes — and it’s highly recommended! Getting pre-approved gives you a clear idea of how much you can afford and strengthens your position when making an offer. Our pre-approval process is quick, easy, and designed to give you confidence while searching for your dream home.

Building a Foundation for the Future

Purchasing a home is more than a financial transaction; it’s an investment in your future. Each mortgage payment builds equity, enhances your financial portfolio, and strengthens your stability. At Richard Thomas Ellis – Pilgrim Mortgage, we see every loan as a stepping stone toward lifelong wealth and security. We take pride in helping our clients move from renters to homeowners and from homeowners to investors. No matter where you are in your journey, our mission remains the same — to provide guidance, trust, and the keys to your future.