Welcome

Welcome to My Site

Trust me with your financing needs

I look forward to delivering great service, professionalism and exceptional know-how as I help you with your financing needs.

Whether you're a first-time buyer, purchasing a second home or simply refinancing. I can help find the perfect loan for you.

About Me

About Me

Jennifer Hanigosky

Welcome to Home Savings. Whether you are buying your first home or looking to build your dream home you have made the right decision to look into your options.

Home Savings has one of the broadest loan programs available in the area from First-Time Buyer loan programs to remodeling loans to new construction programs. Together we will explore these options.

I’ve been helping clients with their mortgage planning for over 20 years and I look forward to helping make the process easier for you to understand. In today’s mortgage market it’s all about knowing the options and what works best for you. I value the trust my clients put in my services and look forward to earning your business.

Contact Info

Contact Info

Jennifer Hanigosky

Area Sales Manager

NMLS ID 439997

Address

7326 Southern Blvd

Youngstown, OH 44512

Apply Online

Apply online today for a no-cost, no-obligation pre-qualification!

Full Application15 minutes to complete Quick ApplicationCouple minutes to complete

Loan Programs

Home Savings offers a wide variety of loan programs. I will find you the best rate and loan program for your situation.

Loan Process

An overview of the loan process here at Home Savings.

Pre-Qualification

Pre-Qualification

Show a seller you're serious

Not sure how much home you qualify for? I can help you determine approximately how much money you will be eligible to borrow before you apply for the loan. Pre-qualifications are a calculation based on the information provided by you. A pre-qualification is not a preapproval.

Loan Programs

Loan Programs

Select the best loan program for your situation

  1. Think about how long you plan to keep the loan. If you plan to sell your home in a few years, you may want to consider an adjustable rate or balloon loan. If you plan to keep your home for a longer time, you may want to consider a fixed rate loan.
  2. Understand the relationship between rates and points. Points are considered prepaid interest and may be tax deductible. Each point is equal to 1 percent of the loan. For example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower your rate.
  3. Compare different loan programs. With so many programs to choose from, it is hard to figure out which program is best for you. Consult an experienced loan officer who can help you find a loan program that best fits your short- and long-term plans.
The Application

The Application

Provide a completed loan application

You can apply online, over the phone, by mail, or if feasible, meet in person. The application will provide information necessary to process your home loan financing request including, personal, property, employment, income, asset and liability information. Once the application has been completed I will prepare and send you the appropriate disclosures and submit your loan for underwriting approval.

Interest Rates

Interest Rates

Float or lock in a rate

Mortgage rates are tied to movements in the financial markets. Since the financial markets are subject to volatile movement on a daily basis (even throughout the day), there are no guarantees what mortgage rates will be at any given time. At the time of application you must choose to either 'Float' or 'Lock-In' an interest rate. A floating interest rate may be locked-in at the current prevailing rate at any point during the loan process by contacting me directly.

Processing

Processing

Loan paperwork review and preparation

My support staff and I will work with you to collect all the necessary documentation required by the underwriter to close your loan. Once underwriting reviews and accepts the documentation you are ready to close on your loan.

Underwriting

Underwriting

Loan paperwork review and preparation

When shopping for a new home, underwriting may take place before or after finding the property you wish to purchase. A conditional approval will be issued identifying the conditions required by underwriting before a “Final Approval Clear to Close” is issued. Once any conditions have been satisified the loan will receive final approval and the clear to close.

Loan Closing

Loan Closing

Closing and funding of loan

I will work with you to coordinate a date and time convenient to you, the settlement agent (title company or attorney), and sellers, if applicable to close on your home loan. All loans must close and fund prior to the interest rate lock-in expiration date.

FAQ's

What is the difference between an Interest Rate & an Annual Percentage Rate (APR)?

An Interest rate is the monthly cost you pay on the unpaid balance of your home loan. An Annual Percentage Rate (APR) includes both your interest rate and any additional cost or prepaid finance charges such as the origination fee, points, the initial private mortgage insurance, underwriting and processing fees. (Your actual fees may not include all of the items above.) The APR is a universal measurement that will assist you in comparing the cost of mortgage loans offered by different mortgage lenders.

What is the difference between Fixed Rate and Adjustable Rate Mortgages?

A fixed rate mortgage is a loan where the principal and interest payment never change during the life of the loan. Fixed rate mortgages are beneficial to those who are on a fixed income, (adverse to interest rate change) and those who prefer fixed payment schedules. There are numerous adjustable rate mortgage programs. The rate may fluctuate and increase throughout the life of the loan. Adjustable rate mortgages are advantageous for those who do not plan to stay in their home for a long time, for those borrowers who do not qualify at higher fixed interest rates, and those who can financially handle fluctuating payments.

What are Escrow Accounts and how much do I need in my Escrow Account?

Escrows are payments made by you to the mortgage company for the purpose of paying your taxes, insurance, and other payments associated with home ownership. The mortgage company is responsible for the timely disbursement of escrow funds to pay your escrow bills as they come due.

What is PMI?

Private Mortgage Insurance and government mortgage insurance protect the lender against default and enable the lender to make a loan, which the lender considers a higher risk. Lenders often require mortgage insurance for loans when the down payment is less than 20% of the sales price. You may be billed monthly, annually, by an initial lump sum, or some combination of these practices for your mortgage insurance premium. Ask your Flagstar loan officer if mortgage insurance is required and how much it will cost. Mortgage insurance should not be confused with mortgage life, credit life or disability insurance, which are designed to pay off a mortgage in the event of the borrower's death or disability.

Is my Loan-To-Value (LTV) based on the purchase price or appraised value?

When purchasing your home, the LTV is the purchase price compared to the loan amount. For example if you bought your home for $200,000 and put $50,000 down, your LTV would be 75% (200,000-50,000/200,000).

When refinancing your home, the LTV is the appraised value compared to the loan amount. For example, if your home appraises for $100,000 and your loan amount is $80,000, your LTV would be 80% (80,000/100,000).

What is a FICO score?

A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills. Fair, Isaac began its pioneering work with credit scoring in the late 1950s and, since then, scoring has become widely accepted by lenders as a reliable means of credit evaluation. A credit score attempts to condense a borrowers credit history into a single number. Fair, Isaac & Co. and the credit bureaus do not reveal how these scores are computed. The Federal Trade Commission has ruled this to be acceptable.

Credit scores are calculated by using scoring models and mathematical tables that assign points for different pieces of information which best predict future credit performance. Developing these models involves studying how thousands, even millions, of people have used credit. Score-model developers find predictive factors in the data that have proven to indicate future credit performance. Models can be developed from different sources of data. Credit-bureau models are developed from information in consumer credit bureau reports.

  • Late payments
  • The amount of time credit has been established
  • The amount of credit used versus the amount of credit available
  • Length of time at present residence
  • Employment history
  • Negative credit information such as bankruptcies, charge-offs, collections, etc.

About Home Savings

The Home Savings and Loan Company, a subsidiary of United Community Financial Corp. (NASDAQ: UCFC), is a full-service community bank headquartered in Youngstown, Ohio.

Founded in 1889, Home Savings has always maintained a commitment to developing long-standing relationships with local residents and businesses by providing its customers a full range of retail and commercial banking products and service that exceed expectations. The bank currently operates 33 retail banking offices and nine loan production centers throughout Ohio and in western Pennsylvania, with approximately 500 employees.

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Testimonials

Jennifer was great! She is very knowledgeable and made the entire loan process very easy and painless.

Leann Chieze

Quality Mortgage Services

From mortgage processing and underwriting, to loan closing and funding, our expert mortgage staff will efficiently expedite your entire transaction. We will keep you informed every step of the way. We are committed to building rewarding, long-term customer relationships. With that in mind, you will receive the highest quality mortgage services.