Brad Toft is a Pacific Northwest Native and 25 year veteran of the financial services industry. During this time he has led award-winning business lines for Fortune 500 firms and small businesses alike. Known for his ability to communicate complex information in simple terms, Brad has managed over $1 billion in mortgage loan fundings over his career. He is one of just a few mortgage loan officers that are Certified Mortgage Planning Specialists in Washington and Oregon.
Brad made the decision to join Graystone Mortgage in 2015 as Regional Manager, so he could be part of bringing the vision of delivering more than what's expected to clients.
ABOUT BRAD TOFT
FHA & VA LOANS
The Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) offer government mortgage loans that have features such as low down payment options and flexible credit and income guidelines that may make them easier for first-time home-buyers to obtain.
In order for a mortgage loan to be conforming, it must meet the specific criteria that allow Fannie Mae and Freddie Mac to purchase the loan. The most significant of these criteria is the loan limit, which refers to the maximum amount of the loan that Fannie Mae or Freddie Mac will purchase. The loan limit can change from year to year. The primary advantage of a conforming loan is that, for borrowers with excellent credit, they typically offer lower interest rates, which means lower monthly mortgage payments and less money spent over the life of the loan.
A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $667,000.00.Jumbo mortgages are available for primary residences, second or vacation homes and investment properties, and are also available in a variety of terms, including fixed-rate and adjustable-rate loans. A jumbo loan will typically have a higher interest rate, stricter underwriting rules and require a larger down payment than a standard mortgage.
“I appreciate all you have done and I value your integrity through the whole process.”