Mahoney Mortgage Team

Directions Website

Mahoney Mortgage Team Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Mahoney Mortgage Team, Financial service, 200 Westgate Pwky, Suite 101, Richmond, VA.

Andrew Mahoney, NMLS # 204140
CalCon Mutual Mortgage LLC, dba Arbor Home Loans, NMLS # 46375 (www.nmlsconsumeraccess.org)
200 Westgate Parkway, Suite 101, Glen Allen, Va 23233 arborhl.com/amahoney
Arbor Home Loans is an Equal Opportunity Lender

Once the mortgage process is underway, financial changes can sometimes affect loan qualification.Before closing, buyers ...
10/15/2026

Once the mortgage process is underway, financial changes can sometimes affect loan qualification.

Before closing, buyers may want to avoid opening new credit accounts, financing large purchases, taking on significant new debt, or making major changes to employment without first discussing them with their lender. Large transfers or deposits may also require additional documentation.

That does not mean life has to stop while buying a home. It simply means communication matters.

If a financial change is unavoidable or there is a question about whether something could affect the loan, checking with the loan officer before making the move can help prevent unnecessary surprises before closing.

Financing a home that already exists and financing one that still needs to be built are two very different processes.Wit...
10/13/2026

Financing a home that already exists and financing one that still needs to be built are two very different processes.

With a traditional purchase mortgage, the lender is financing an existing home. With construction financing, the lender may need to evaluate not only the borrower, but also the builder, plans and specifications, construction budget, property, appraisal, and project timeline.

Another key difference is how funds may be disbursed. Rather than providing the full construction amount at once, construction funds are typically released in stages, often called draws, as work progresses and applicable requirements are met.

Construction loan structures and requirements can vary by lender and program. Talking with a lender who regularly works with construction financing can help buyers understand what will be required before the project gets underway.

USDA loans are often associated with rural homebuying, but there is more to the program than many buyers realize.The USD...
10/08/2026

USDA loans are often associated with rural homebuying, but there is more to the program than many buyers realize.

The USDA Single Family Housing Guaranteed Loan Program is designed to help eligible low- and moderate-income households purchase a primary residence in eligible rural areas. Qualified borrowers may be eligible for financing up to 100% LTV. Both the borrower and the property must meet USDA eligibility requirements.

One important thing to know is that USDA eligibility is based on specific geographic boundaries. A property does not necessarily have to feel remote or agricultural to potentially fall within an eligible area. USDA provides an eligibility tool that can be used to check specific locations.

For buyers considering homes outside major urban areas, it may be worth asking a lender whether USDA financing is one of the available options.

A reverse mortgage can offer financial flexibility for some homeowners, but deciding whether it is the right fit starts ...
10/06/2026

A reverse mortgage can offer financial flexibility for some homeowners, but deciding whether it is the right fit starts with asking the right questions.

How long is the home expected to remain the primary residence? What financial goals are most important during retirement? How might available home equity support those goals? What responsibilities continue throughout the life of the loan? And how could the decision affect longer term plans for the home?

These conversations can help homeowners look beyond the basic features of the loan and understand how a reverse mortgage may fit into their broader financial picture.

Every client has different priorities, resources, and retirement goals. That is why we take the time to walk through the options, answer questions, and help homeowners determine a strategy that makes sense for their individual situation.

Prequalification and preapproval are often used interchangeably, but they can represent different levels of financial re...
10/01/2026

Prequalification and preapproval are often used interchangeably, but they can represent different levels of financial review.

Prequalification may provide an early estimate of potential financing based on information provided by the buyer. Preapproval generally involves a more detailed review of financial information and supporting documentation by the lender.

Both can be helpful, but understanding the difference can help buyers know where they stand and what steps may still be needed before making an offer.

Because lender processes can vary, speaking with a loan officer early can help buyers understand what type of review has been completed and how prepared they may be to move forward when the right home comes along.

One question I often get from buyers considering building is, "How does the construction loan timeline actually work?"Fi...
09/29/2026

One question I often get from buyers considering building is, "How does the construction loan timeline actually work?"

Financing a home that hasn't been built yet involves a few more stages than financing an existing property.

The process may include reviewing the borrower and builder, finalizing plans and specifications, establishing the construction budget, completing an appraisal, closing the loan, and then moving into construction. During the build, funds are typically released through a draw process as work progresses and applicable requirements are met.

Exact steps and timelines can vary depending on the project, builder, loan structure, and lender. Working with an experienced construction lender can help you understand what to expect at each stage and how the financing fits into the overall building timeline.

When planning to buy a home, people often focus on one number: the down payment. But that's not the only expense worth p...
09/24/2026

When planning to buy a home, people often focus on one number: the down payment. But that's not the only expense worth planning for.

Depending on the transaction and loan program, buyers may also need to budget for closing costs, prepaid expenses such as homeowners insurance and property taxes, an appraisal, inspections, and other costs associated with the purchase.

The exact amount needed can vary based on the home, loan program, location, and individual transaction.

That's why it's helpful to look at the full financial picture early. Even if you're not ready to buy yet, I'm happy to help you understand what expenses you may want to prepare for so you can start planning ahead.

Finding the perfect homesite can be exciting, but purchasing land before understanding the financing options may create ...
09/22/2026

Finding the perfect homesite can be exciting, but purchasing land before understanding the financing options may create challenges later in the building process.

Lot cost, site improvements, construction budget, property characteristics, and the planned home can all factor into how a project is financed. Talking with an experienced construction lender early can help buyers understand how the land purchase may fit into the overall construction financing strategy.

Some buyers may finance the lot and construction together, while others may purchase land first and build later. The right approach depends on the project, timeline, loan program, and individual financial situation.

Before committing to a homesite, understanding the financing side can help create a stronger foundation for the entire build.

Selling a home with a reverse mortgage is possible, and understanding what happens to the loan can make the process feel...
09/17/2026

Selling a home with a reverse mortgage is possible, and understanding what happens to the loan can make the process feel much clearer.

When the home is sold, the reverse mortgage balance generally becomes due and is repaid from the proceeds of the sale. Any remaining equity after the loan and applicable selling costs are satisfied belongs to the homeowner or their estate.

For some homeowners, selling may be part of downsizing, relocating closer to family, or simply choosing a home that better fits retirement needs. Knowing how a reverse mortgage works when plans change can help homeowners make informed decisions with greater confidence.

Borrowers remain responsible for property taxes, insurance, and upkeep while the reverse mortgage is in place. Every situation is different, so taking time to review the loan and available options can help determine the right next step.

One common misconception I hear is that you can't get a reverse mortgage if you still have a mortgage on your home. That...
09/15/2026

One common misconception I hear is that you can't get a reverse mortgage if you still have a mortgage on your home. That's not necessarily the case.

For eligible homeowners age 62 and older, proceeds from a reverse mortgage may be used to pay off an existing mortgage as part of the transaction. Any remaining available proceeds may then be accessed according to the loan terms and selected payment option.

Whether this is possible depends on factors such as the amount currently owed, available home equity, the home's value, borrower eligibility, and the specific reverse mortgage program.

Every homeowner's situation is different, which is why I take the time to review the options, answer questions, and help determine whether a reverse mortgage may fit into your broader retirement goals.

Address

200 Westgate Pwky, Suite 101
Richmond, VA
23233

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Mahoney Mortgage Team posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category