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Mary Gavitt

Home Lending Advisor

NMLS ID: 1633584
Address
7255 Baymeadows Way
Jacksonville, FL 32256
You can choose from various types of mortgage loans to finance your home purchase. These come with various benefits, and I am here to help you understand the differences so you find one that best suits your financial situation.
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Use your annual income and expenses or maximum mortgage payment amounts to estimate the home price you can afford.
Loan types
Conventional mortgage



Simply put, a conventional mortgage is a loan that's not backed by a government agency such as the Federal Housing Administration (FHA) or Veteran Affairs (VA). There are two types of conventional loans: conforming and nonconforming. Conforming loans follow lending rules set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). When a loan doesn't follow these lending rules, it's considered non-conforming. There are a number of factors that may cause a loan to be non-conforming, generally loan amount is a key factor.



Things to consider




While a 30-year, fixed rate mortgage is a popular conventional loan, you have other options such as a 15-year fixed rate loan or a 7/6 ARM1 to name a few. Think about your current budget, as well as your longer-term financial goals as you plan.
Frequently asked questions
When is it time to stop renting and buy a home?
How do I start the homebuying process?
Can I buy a home if I have less than perfect credit?
How can I get information on mortgage loan options?
What documents will I need to apply for a mortgage?
Our insights on homebuying
About Mary Gavitt
With fluency in Vietnamese, Mary proudly serves clients nationwide. Mary has 10 years of experience as a Home Lending Advisor and specializes in pre-qualification, lending to self-employed clients, low-to-moderate income lending programs, fixed-rate mortgages, vacation home financing, and condo and co-op lending. Whether you're a first-time homebuyer, need to expand or downsize, or are looking for a second home, Mary is here to help you find the right mortgage to fit your needs. Starting with a review of your finances, Mary can help you get a clear picture of what might work best for you. Mary will explain your options, answer any questions you may have, keep you informed and guide you through every step of the mortgage process. Above all, Mary wants to ensure that you have a positive home lending experience.
More about Mary
1. For the Adjustable-Rate Mortgage (ARM) product, interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed-rate period, the interest and payments may increase according to future index rates. The APR may increase after the loan closes.
2. Loans up to 85% of a home's value are available on a purchase or refinance with no cash back, subject to property type, a required minimum credit score and a minimum amount of monthly reserves (i.e., you must set aside enough money in reserve to make a specified number of monthly mortgage payments principal, interest, taxes, insurance and assessments after the loan closes). Product restrictions apply. Jumbo loans available up to $9.5 million. For loan amounts greater than $3MM (or $2MM for investment properties), customers must meet post-closing asset requirements to qualify. Additional restrictions may apply. Please contact a Chase Home Lending Advisor for details.
3. The DreaMaker mortgage is only available for purchase and no-cash-out refinance of a primary residence 1-4 unit property for 30-year fixed-rate terms. Income limits and homebuyer education apply on a DreaMaker mortgage.
4. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and monthly premiums will apply.
5. Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veteran Affairs (VA). A Certificate of Eligibility (COE) from the VA is required to document eligibility. Restrictions and limitations apply.


The NMLS ID is a unique identification number that is issued by the Nationwide Mortgage Licensing System and Registry (NMLS) to each Mortgage Loan Originator (MLO)


JPMorgan Chase does not offer tax advice. Please consult your tax advisor about the deductibility of interest and other charges.


All home lending products except IRRRL are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.


Home lending products provided by JPMorgan Chase Bank, N.A. Member FDIC