As a client of Sudbeck Homes, we offer special savings on your home loan - up to $1,000 off your closing costs when you close your loan with ACCESSbank.

Vice President Mortgage Loan Originator, Michele Ringsdorf Let's work together

Michele Ringsdorf is a Vice President at ACCESSbank with over 20 years of banking experience, Michele believes in educating customers on their financial options while providing a great customer experience from start to finish. She treats each  customers the way she'd like to be treated. This includes making sure all of her customers are advised with their goals in mind and providing a first-class customer experience to help eliminate stress. 


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A small piggy bank.FHA/VA Loans
Small icon representing online bill pay offered by ACCESSbank.Jumbo, Executive & Physician Financing
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FREQUENTLY ASKED QUESTIONS - MORTGAGE LOANS

The first step would be to visit with Michele to determine which loan works best for you. She can help you determine the loan amount you may qualify for. Throughout your home-buying journey, she will provide you with the valuable information you need, and the customer experience you deserve. 
To help determine how much house you can afford, it's good practice to use the 36% rule, which states your monthly mortgage expenses and other debt payments should not exceed 36% of your gross monthly income. Use our mortgage calculators to help you determine what kind of mortgage you might qualify for, or contact our Michele to discuss any questions you may have. 
It depends which type of mortgage loan you use. If you want a conventional mortgage, lenders typically require a 20% down payment. However, for loans like VA or FHA, the down payment is much lower. We will work with you to find the best mortgage solution. 
The following information is typically required during the Mortgage Loan Process:
  • Social Security Number(s) for all borrower(s)
  • Current pay stubs and previous two years of W-2s for all borrower(s)
  • If self-employed, most recent two years of tax returns,  including all pages and schedules
  • Bank statements for the previous two months
  • Investment account statements for the previous two months
  • Retirement account statements for the previous two months
  • Credit card account information
  • Auto loan account information
  • Personal loan account information
  • Fully signed purchase contract (if purchasing a home) 
In addition to the down payment and monthly mortgage payment, you also have:
  • Closing costs
  • Real estate agent commission
  • Property taxes
  • Homeowners insurance
  • Mortgage insurance
  • HOA's (if applicable)
  • As a homeowner, you're responsible for upkeep and maintenance. It's a good idea to have extra money budgeted for those expenses. 
There are several ways to improve your chances of getting a mortgage:
  • Check your Credit Report:
    • Lenders review a detailed report of your credit history to determine whether you qualify for a loan and at what rate. 
  • Fix any Mistakes:
    • Once you have your credit report, don't assume everything is accurate. Take a close look to see if there are mistakes that could negatively affect your credit. Check your credit score at least six months before you plan to shop for a mortgage.
  • Improve your Credit Score:
    • A credit score is the single number that lenders use to evaluate your credit risk and determine how likely you are to make timely payments to repay a loan. In general, the higher your credit score, the better the mortgage rate you can get. 
  • Lower your Debt-to-Income Ratio:
    • A debt-to-income ratio compares the amount of debt you have to your overall income. It's calculated by dividing your total recurring monthly debt by your gross monthly income, expressed as a percentage. Lenders look at this to measure your ability to mange the payments you make each month, and determine how much house you can afford.
We know you have tons of options, and Michele is here for a reason -  you. She makes buying a home simple. Whether you're a first time home buyer or an experienced homeowner looking to trade up, it's easy to find us and meet with us. Or, if you'd rather get started online, you can do that, too. We offer a highly streamlined online mortgage application process. Plus, we offer a number of online decision-support tools to help you answer key questions. With ACCESSbank,  you're in control and we're always here, ready to help. 

NIFA (Nebraska Investment Finance Authority). Generally, the main benefit of the NIFA bond program is a lower fixed rate mortgage loan, resulting in interest savings on the loan over the 30-year mortgage term. The program offers low down payment requirements and limits the amount of closing costs that may be charged by the originating lender. Generally a 3% down payment is required. NIFA offers some loan products that require little or no down payment depending on the location of the property and buyer eligibility. NIFA provides assistance in an amount up to 5.00% of the purchase price. This may be used for down payment or closing costs charged by the lender. The second mortgage loan will bear interest at a rate of 1%.  The borrower is required to contribute a $1,000 minimum investment and execute a second mortgage.

FHA (Federal Housing Administration). Both fixed and variable rates available. An FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Adminstration. FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment.

VA (Veterans Administration). Both fixed and variable rates available. A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).

USDA. A USDA home loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.

ixed Rate. A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. This allows the borrower to accurately predict their future payments. Variable rate loans, by contrast are anchored to the prevailing discount rate.

ARM (Adjustable Rate Mortgage). A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.