About LeapFrog Mortgage

WhO is Leapfrog Mortgage?

Our story begins in 1928 as a Savings & Loans in Georgia. Today, LeapFrog Mortgage represents a multi-state initiative that is fresh and relevant in a fast-moving financial world. It’s our way of highlighting our dedication to serve both new and experienced homeowners.

Learn More About Our Story >> 

WHERE IS leapfrog mortgage available?

  • Georgia 
  • Florida
  • Tennessee
  • North Carolina 
  • South Carolina 

WHAT ARE THE HOURS OF OPERATION?

Our client services representatives are available at 770-385-3574 from 8 am – 5 pm EST Monday – Friday Eastern Time.

Click Here to for updated Hours of Operations >>

Where are you located?

Our headquarters are located at 400 Galleria Parkway SE, Suite 900, Atlanta, GA 30339.

What is the Contact Information?

What are the Holidays observed?

  • New Year’s Day
  • Martin Luther King, Jr. Day 
  • Memorial Day
  • Juneteenth
  • Independence Day 
  • Labor Day
  • Columbus Day
  • Veterans’ Day
  • Thanksgiving Day
  • Christmas Day

Why are your rates so competitive?

By eliminating branch offices and leveraging technology, LeapFrog Mortgage keeps operating costs low and talk up by earning referrals with good service.

WhAT IS THE FDIC CERTIFICATE NUMBER?

#29510

About Rates & How It Works

What are thE requirements to get a loan with leapfrog mortgage?

  • Consistent Income 
  • Verifiable Assets — Most programs require Down Payments of 3 -5 % of purchase price
  • Credit Score from all 3 bureau agencies — Most programs require 620 or better score

What kind of home can i use leapfrog mortgage to get loan for?

  • Single-Family Home 
  • Townhouses 
  • Condos 
  • Multifamily Homes 
  • Second Homes 
  • Investment Homes 

What credit score do i need to get approved?

Most programs require 620 or better score.

How is my home rate determined?

Your rate is based on today’s mortgage rates and current housing market, but we also factor in your credit score, property location, loan amount, type and term to get you a personalized, up-to-date rate.

What is the difference between my interest rate and my annual percentage rate (APR)?

The interest rate is the rate of interest charged on a home loan and can be fixed or variable (adjustable), depending on which loan you choose.

The APR is a measure of the cost to you for borrowing money. The APR includes your interest rate, points, fees, and other charges associated with your loan – that’s why it’s usually higher than your interest rate.

How will applying with leapfrog mortgage affect my credit?

When you apply for a mortgage, it is necessary to check your credit to determine whether to approve you. This triggers a hard credit inquiry, which can temporarily lower your credit score by a few points. If you are shopping for a mortgage, multiple inquiries should not hurt your score.

What is rate lock?

This is when we guarantee a certain interest rate, at a certain price, for a specific amount of time. This provides peace of mind if rates rise during the loan application process.

When should i lock my rate?

It makes the most sense to try and lock in your rate once you sign a purchase agreement. This is typically 30-60 days prior to closing.

What documents do you need to process your loan application?

  • Government issued photo identification and Social Security card.
  • Address(es) for the past two years.
  • Employment (past and present) for the past two years. We’ll need name(s) and address of each employer along with more information on any gap in employment.
  • Income for the past two years. The fastest way to do this is to provide your last two tax returns along with copies of your pay stubs from the past two months.
  • All money-related assets. You may be asked to provide the last two or three months’ statements from all checking accounts, savings accounts, money market, IRA, mutual fund and brokerage (stock) accounts.
  • All debts.

Once you provide consent, LeapFrog Mortgage will pull a credit report for each borrower to reveal the information we need on credit card debt, installment loans (like student loans), car loans and your current mortgage or home equity loans if you’re refinancing, the Sales Contract. For purchase transactions, LeapFrog Mortgage will need a copy of your original purchase agreement. 

For specific situations: Business returns for borrowers that own more than 20% of a business & Proof of VA eligibility, if you are applying for a VA loan.

What does it take to get approved for a home loan?

Every situation is different, but when we review your home loan application, we look at your:

Credit score: This is determined by things like payment history and how long you’ve had credit. We’ll use this number to figure out how likely you are to pay back your loan and what interest rate you’ll get. 
Debt-to-income ratio: This percentage is your total monthly expenses divided by your gross monthly income.
Down payment: This is the amount paid up front when you purchase a home and isn’t part of the loan. The higher the down payment, the less risky you seem to a lender — which could mean a lower interest rate, too.
Employment history: We want to make sure you’ll be able to afford your home, so proof of income is important.

About Loans

What is the difference between a fixed rate loan and an adjustable rate loan?

With a fixed-rate loan, your interest rate won’t change and your monthly principal and interest payments will stay the same over the life of your loan.With an adjustable rate loan, your interest rate is fixed for the first 5, 7 or 10 years (depending on your term) and may adjust every 6 months based on current market rates after that. You’ll likely have a lower interest rate and APR for the initial period of an adjustable rate loan than you would with a fixed rate loan.

What is a loan estimate?

This document provides you with important information, including the estimated interest rate, monthly payment, and total closing costs for the loan. It also gives you information about the estimated costs of taxes and insurance, and how the interest rate and payments may change in the future. Lenders are required to provide you with a Loan Estimate within 3 business days of receiving your completed loan application.

What are closing cost?

This is the amount you pay the day you close on a home and includes any fees charged as part of the home loan process. Closing costs will vary, but it’s typically 1% to 2% of the purchase price.

How much do i need for a down payment?

This amount depends on the type of loan you choose — but the higher the down payment, the less risky you seem to a lender. It’s ideal to put down 20% of the home price, but you should speak with one of our loan experts to see what your options are. If your down payment is less than 20% of the home price, you may be required to pay private mortgage insurance.

What if i need additional time to close on my loan?

We understand that sometimes things come up and closing can get delayed. We’ll let you know in advance what will happen if it looks like your closing date will need to be moved.

What are the down payment options?

Options for Veterans: Veterans Administration loans (VA loans) are designed to help Veterans obtain financing at very reasonable rates and offer financing up to 100% of the home’s value.¹ This means that a qualified Veteran, spouse or active-duty military member could buy without having to make a down payment.

Government Loan Options: The Federal Housing Administration (FHA) was created to help middle- to lower-income buyers secure home loans. The FHA doesn’t actually lend the money; instead, it insures the loan. The FHA requires down payments as low as 3.5% and accepts a wide range of credit scores.

About LeapFrog Mortgage Account

What is a leapfrog mortgage account and why do i need one?

LeapFrog Mortgage Account makes for a better, more seamless experience. Gain access to our entire quite of tools, fill out forms with your prepopulated infromation, get timely recommendations, access loan infomation and documents securely, connect with your lender team

How do i reset my password?

If you need to reset your password:
• Navigate to Borrower Wallet® + enter the email
associated with the account.
• Click “Next”
• Click “Forgot Password”
• Re-enter your email address + click “Submit”
Check your inbox for a password-reset link. Click the link to create your new password and log in

What is a multi-factor authentication (MFA) passcode and how do i get mine?

Your MFA passcode is a one-time-use code you’ll use when logging in, adding an additional layer of security to Borrower Wallet®. Your MFA passcode will be sent to your email inbox.

What do I do if the login page is unresponsive?

If the Borrower Wallet® page is unresponsive:
• Confirm all required fields are filled out – email
address, MFA passcode, and password
• Confirm no error message is being displayed
• Refresh the page

What does it mean when I see this message: "There was a problem logging in. Please try again later."

You can get this error message if you tried logging in before confirming your account or if an incorrect MFA passcode or user password was entered. Try one (or all) of the following:
• Confirm you’re using the most recent MFA passcode in your inbox
• Confirm you’re entering the MFA passcode in the passcode field, not the password field
• Create a new password and login with your
updated password

How do I upload documents?

You’re able to securely upload documents to your
mortgage application directly in Borrower Wallet®
via the Document Center – on the right side of your Dashboard.
• Click the number displayed for “Uploaded Documents”
• Click “Upload Document”
• Choose the document type
• Choose the borrower to associate the document to
• Drag and drop the document into the grey box, or click the grey box to browse for the file
• Click “Finish Uploading”

How do i sign disclosures?

Once the package is submitted, you’ll receive an email asking you to log in – where you’ll see a red dot by the disclosures section, letting you know something is waiting for you. Disclosure packages are listed with your name.

When you’re ready to sign:
• Click your name + accept e-consent
• Preview each document
• When you reach the “Ink-Sign These Docs” page,
download the documents
• Click “Continue” to finish e-signing
• Once you’re signed the ink-sign documents, upload them using the “Upload” button to finish signing. 

An hourglass icon will appear if the loan officer has not yet signed.

About First Time Home Buying

Does leapfrog mortgage offer programs for first time home buyers?

No. 

What if i need additional time to close on my loan?

We understand that sometimes things come up and closing can get delayed. We’ll let you know in advance what will happen if it looks like your closing date will need to be moved.

WHAT IS UNDERWRITING?

This is when we look at everything you sent us and make a final decision on your loan. It usually takes 2-3 weeks to make sure your documents are accurate and your application is complete. Your loan coordinator will provide an update every few days so you always know where your loan stands.

What is escrow?

This is included in your monthly payment to cover your property taxes and homeowner’s insurance as necessary. This amount is kept in a separate account by your loan servicer and payments for taxes and insurance are made on your behalf.

What is Pre-Approval vs Pre-Qualification?

Pre-Qualification is essentially a less formal version of a pre-approval process. Pre-qualification asks for estimated information that you will give to your mortgage broker, that helps them determine if you are a viable candidate. If you get pre-qualified, getting pre-approval is the next step. Pre-approval is far more involved and will require verified documentation of your financial history. Pre-approval is not necessarily required for homebuyers to have, however it is strongly advised, as not being pre-approved by a reputable bank or broker will significantly hurt your chances of closing on a home.

What are the down payment options?

Options for Veterans: Veterans Administration loans (VA loans) are designed to help Veterans obtain financing at very reasonable rates and offer financing up to 100% of the home’s value.¹ This means that a qualified Veteran, spouse or active-duty military member could buy without having to make a down payment.

Government Loan Options: The Federal Housing Administration (FHA) was created to help middle- to lower-income buyers secure home loans. The FHA doesn’t actually lend the money; instead, it insures the loan. The FHA requires down payments as low as 3.5% and accepts a wide range of credit scores.

Be the First to Know.

Sign up for the latest news, public notices & community initiative updates.

Funding Happy Pads since 1928.

Let's Get Started. Fund Your Pad.

Connect with a Mortgage Lender to Pre-Qualify or Learn More about the product and services we offer. Thank you for considering LeapFrog Mortgage.

Love Your Pad.

Affinity Bank, dba LeapFrog Mortgage, is an Equal Housing Lender – NMLS #2160655. 400 Galleria Parkway SE – Suite 900 – Atlanta, GA 30339. LeapFrog Mortgage is not responsible for and has no control over the subject matter, content, information, or graphics of the websites that have links here. ©2021-2022 – All Rights Reserved.