What we offer

Want to skip the time and hassle of tracking down and uploading bank account statements, pay stubs, W2s, and mortgage statements? At Tomo Mortgage we let you do so by syncing your bank accounts via Finicity, looking up your income in payroll provider databases, pulling your credit and existing debt information from the credit bureaus, and even grabbing all of the details about the property you already own. Close the filing cabinet, we’ve got you covered!

It can be as fast as just a few minutes—yes, you read that right. Sometimes we can pre-approve you almost instantly, and sometimes we need to manually review your paperwork.

Not to worry. Tomo Mortgage Appraisal Coverage protects you from having to bring more cash to the close if that happens. Same APR, cash-to-close, and monthly payment - guaranteed.

Yes, a hard credit check is a critical part of getting a mortgage. It helps us determine the type of mortgage product and interest rate you’ll qualify for. The impact of a hard credit check is low (typically 3-8 points points), is temporary (typically 12 months), and is the same no matter how many hard credit checks you get in a 30 day period.

Go and get that lower rate. If lower interest rates do become available during the lock period, you can just float down your interest rate. (The rate must be at least 0.125% lower than your locked rate.)

No sticker shock here. The $450 deposit for Lock & Shop will be applied as a lender credit at closing, so it basically pays for itself. If for some reason the loan application is declined, the full amount is refunded. No pain, all gain.

Not much. If you qualify for our conventional loan with an underwritten pre-approval, then congrats. You qualify. (Note that Jumbo, FHA, HomeReady, and HomePossible mortgages aren’t eligible.) You also need to be represented by a real estate agent, which we think is a good idea anyway.

Give us a valid, comparable Loan Estimate doc, dated within one business day of submission to Tomo Mortgage, with the lender info. That’s it.

Lender fees are also sometimes called origination fees, processing fees, mystery fees, fees fees, and generally murky stuff designed to be confusing. We don’t charge any of them. And truly, no one needs to—they’re just a way to pad the bottom line.

We’ve simplified the home financing process to make it easier and more cost-efficient. We pass those savings back to you. Bottom line, you save time and money.

After you’ve requested and received Loan Estimates from different lenders, you should look specifically at interest rates, fees, and credits. If you find a better deal, we’ll match it. You can find more guidance on our Loan Estimate Explainer.

We stick to one thing. Our expertise is in purchase loans—it is all we do and all we’ve ever done. We know where delays happen at traditional mortgage companies, and we’ve reengineered the whole process and built technology to make sure your on-time closing happens.

To seal the deal. Your rate lock period, appraisals, inspections, movers, all that fun stuff, run on a schedule. Not closing on time can send a deal off track, even causing a seller to back out. Closing on time means you’re good to go. You get the home you want, when you need it, at the rate you locked in.

Other lenders multitask. They offer both purchase mortgages and refinance mortgages, which don’t even have deadlines. So these lenders are in no particular hurry to close. We only do purchase mortgages, and your deadline is our deadline. It’s our job to make sure you close on time.

Whether to waive the appraisal contingency is an important decision your real estate agent can help you make. Even with Appraisal Coverage, there are still good reasons to consider keeping your appraisal contingency. For instance if the appraisal comes back too low, you might not want to go through with the deal. Or maybe you would want to bargain for a price reduction. The appraisal contingency would give you those options.

Not to worry. Tomo Mortgage Appraisal Coverage protects you from having to bring more cash to the close if that happens. Same APR, cash-to-close, and monthly payment - guaranteed.

Give us a valid, comparable Loan Estimate doc, dated within one business day of submission to Tomo Mortgage, with the lender info. That’s it.

Text, email, or call us any day of the week. Our weekday hours are from 8AM-8PM CST, Saturdays from 9AM-3PM CST, and Sundays from 11AM-5PM CST. We are closed on New Year’s Day, Martin Luther King Jr Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Veteran’s Day, Thanksgiving Day, and Christmas Day. If you need us on Halloween, we’ll be there, likely wearing a costume. We are literally standing by all the time during business hours, waiting to get you the help you need. No phone trees, no voice mail boxes, just direct access to experts. You’ll never hear an IVR when you call us.

Our mortgage advisors are here to help you close on your home. Other lenders pay their mortgage advisors 1% (or more!) of your loan value as commission. Not us—our team is paid based on their service to you, nothing else.

All of our mortgage advisors are located in Seattle, Stamford and Detroit. Our entire team is based in the US—no exceptions.