Meet Kevin
Kevin M Puntney is a Branch Manager with 123 Mortgage Powered by Supreme Lending. With a focus on clear communication and personalized mortgage guidance, Kevin helps borrowers understand their options and feel more confident throughout the home loan process.
As a mortgage professional, Kevin works closely with buyers, homeowners, and referral partners to help create a smoother lending experience from application to closing. His goal is simple: to provide practical guidance, responsive service, and financing solutions designed around each borrower’s unique needs.
Loan Officer | NMLS #260687
14801 Quorum Drive, Suite 300
Dallas TX 75254
[email protected]
Loan Programs
conventional
Ideal for borrowers with good credit and a solid down payment
fha
USDA
VA LOANS
JUMBO
For homebuyers looking to purchase luxury homes above conventional loan limits
REFINANCING
REVERSE
construction
Loan Process
01
Conversation
The first step is crucial and sets the stage for your home buying experience. You and your loan officer will discuss your short and long-term financial goals so we can customize a loan strategy fit for you and your family.
02
Application
The goal of completing an application is to gather as much information possible so your loan officer can determine all the available loan programs available.
03
Pre-Qualification
At this stage, your loan officer will share how many homes you can afford, what your monthly payment will be, and how much money you will need.
04
Documents
This is where we need your help! By submitting your income and asset documentation upfront allows us to fly through the underwriting process.
05
Found a Home
Once you find a home and the seller accepts your offer we’ll order an appraisal and begin processing and underwrite your loan.
06
Final Approval
The underwriter reviews the appraisal, and your income/asset documents to verify you meet all the
conditions for final approval.
07
Closing day
Our in-house closing department works with the attorney to assemble the final paperwork. Everything we do leading up to this point ensures a smooth and exciting experience.
FAQs
What are the benefits of getting Pre-Qualified?
Getting pre-qualified for a mortgage is a great first step to kickstart your homebuying journey. Pre-qualification gives you a picture of how much you can afford based on your credit, income, and debt. It helps you determine your budget, understand estimated monthly payments, find the right loan program, strengthen your offer, and save time.
Which loan program is the best fit?
How is my interest rate determined?
Credit Rating – The credit score is the most important point in mortgage lending. The credit score is not the only aspect considered in lending, however in most cases it is the most crucial. Lenders will also look for multiple late payment occurrences over the last two years.
Ratios – Secondly, the borrower’s monthly obligations (this does not include utilities, phone, or items generally not reported on a credit report) are calculated and reviewed by lenders. Two ratios are determined, front-end and back-end. For most lenders, a “grade A” conventional loan is one in which a borrower has a front-end ratio less than 28% and a backend ratio less than 36%. For example, a borrower has a gross monthly income of $4,000, a car payment of $350, a credit card payment of $55, and a new house payment of $1,000. The calculations are as follows:
$4,000/1,000 = 25% Front-end Ratio
$4,000/1,405 = 35% Back-end Ratio
Down Payment – Thirdly, the lender factors in the amount of a borrower’s initial down payment. The less money spent on the down payment means a higher interest rate charged by the lender. Simply stated, more risk for the lender equals a higher rate for the borrower. Even if a borrower has perfect credit and wants to put 0% down, their rate will generally be about ½% higher than a person who puts 10% down.
After a lender has considered the three points described above, the borrower’s application must pass the specifications set by an underwriting department for the loan to be approved.
What are closing costs?
Closing costs are paid upfront for necessary expenses associated with purchasing a home. When applying for a loan, you’ll receive a Loan Estimate outlining these settlement charges for added fees like loan origination, appraisal, credit report, title insurance, document preparation, prepaid interest, and other miscellaneous fees.
What documents do I need to apply for a loan?
When you apply for a home loan, several documents are requested to confirm your ability to make monthly mortgage payments. Here are a few items you will likely will need to submit:
• Income history and employment verification from the past two years, such as tax returns, W-2s, and 1099s (if applicable)
• Asset statements for bank, retirement, and brokerage accounts
• Monthly debt payments, including any outstanding loans and credit cards
• Records of rent payments, divorce, bankruptcy, or foreclosure
What goes into a monthly mortgage payment?
What are the benefits of refinancing?
How much should my closing costs be?
Your closing costs depend on the type of loan you decide is best for you. Depending on your home state, you normally pay the following amounts:
- Origination Fee: 1% of the loan amount – cost of establishing a loan
- Discount Points: Used to lower the interest rate (refer to Discount Points section above)
- Appraisal Fee: Dependent on the house size
- Credit Report Fee: Charge for pulling your credit report from the credit bureaus (Refer to Credit Report question in this FAQS section)
- Underwriting Fee: Payment to the end investor for services provided
- Processing Fee: Payment to the lender for services provided
- Flood Certification Fee: Certification that your property is not in the 100 year flood zone
- Title Charge: Payment to the title company for closing your loan
- Title Policy: 1% of purchase price depending on the state (the seller normally pays)
- Recording Fee: Payment for filing fees depending on the state
Many of these costs are third party charges and cannot be negotiated by you or the lender.
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