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- monday: 8:00AM – 8:00PM
- tuesday: 8:00AM – 8:00PM
- wednesday: 8:00AM – 8:00PM
- thursday: 8:00AM – 8:00PM
- friday: 8:00AM – 8:00PM
- saturday: 8:00AM – 8:00PM
- sunday: 8:00AM – 8:00PM
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- Conventional Loan
- FHA Loan
- Purchase
- Refinance
- VA Loan
Rob McElroy
- Senior Vice President of Lending/Branch Manager
- Fairfax, VA Mortgage Loan Officer
- NMLS #20408
I’ll be with you every step of the way
My commitment to excellence in home financing spans decades in the Washington, D.C., metro area. Because of my vast mortgage experience, I can put you at ease throughout the homebuying process – from the beginning of your search for a home through obtaining the loan to accompany the largest purchase of your life.
I have long specialized in helping borrowers with a broad range of goals, from first-time homebuyers to self-employed borrowers and high-end investors. I’m accessible 24 hours a day, 7 days a week, and will be pleased to assist you with purchasing or refinancing your home. If it’s important to you, it’s important to me.
Gold Standard Financing With The McElroy Team
With over 30 years of making dreams come true for our clients, The McElroy Team offers a seamless, reliable mortgage experience from start to finish as part of America’s #1 Retail Mortgage Lender:
- Vetted pre-approvals
- Competitive and Diverse loan options to fit your and your clients needs!
- Streamlined process
- Weekly updates to clients and their referral partners!
- Fast and simple approvals!
- Final Closing Disclosure details out early and accurate!
Rob’s testimonials
Guides and resources
My social posts
How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Inspiration for your home loan journey
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.