Business Details
30 Years
experience
Your Trusted Mortgage Partner in Laramie, WY
Since 1996, The Mortgage Source has been a trusted partner in residential lending, dedicated to guiding Wyoming residents through the homebuying and refinancing process. Our team of experienced professionals, including certified VA loan specialists, prioritizes personalized service and community growth. We combine local expertise with cutting-edge technology to deliver prompt, professional solutions tailored to each client's unique needs.Our commitment extends beyond closing, ensuring ongoing support and transparency throughout the homeownership journey. With decades of combined experience and deep roots in Laramie, we pride ourselves on being more than brokerswe are neighbors invested in our community's future.
Services
Conventional Loans
VA Loans
FHA Loans
WCDA Loans
MCC Loans
Details
- Year established: 1996
Highlights and features
- We offer 25+ years of local mortgage expertise since 1996
- Our team includes Certified VA Loan Specialists
- We provide personalized service tailored to individual needs
- We prioritize community growth and neighborly relationships
- We maintain transparency throughout the lending process
What people say
Wonderful experience
Quick to answer questions
Made process easy
Excellent communication
Highly recommend
Services
Conventional Loans
Conventional loans provide flexible mortgage solutions for owner-occupied, investment, and second homes without government insurance. These loans suit borrowers seeking competitive rates with standard underwriting requirements. Our experienced team helps clients navigate Fannie Mae and Freddie Mac guidelines to secure optimal financing terms.
VA Loans
VA loans offer zero-down payment options for eligible veterans, active-duty personnel, and surviving spouses through the Department of Veterans Affairs. Our certified specialists guide clients through VA-specific requirements, maximizing benefits while ensuring compliance with military lending regulations and streamlined approval processes.
FHA Loans
FHA loans enable low-to-moderate income borrowers to purchase homes with 3.5% down payments through Federal Housing Administration insurance. We specialize in FHA underwriting standards, helping first-time buyers and those with limited credit histories achieve homeownership while maintaining strict adherence to federal guidelines.
WCDA Loans
WCDA programs provide low-interest mortgages and education for Wyoming first-time homebuyers through the Wyoming Community Development Authority. Our counselors explain program requirements, assist with application processes, and ensure clients receive down payment assistance and favorable terms specific to this state initiative.
MCC Loans
MCC loans offer federal tax credits for qualified first-time homebuyers, potentially saving $2,000 annually through the Mortgage Credit Certificate program. We help clients determine eligibility, process applications, and maintain compliance with ongoing requirements to ensure continued tax benefits throughout the loan term.
People
Karen J. Saunders
President & Loan Originator
With over 40 years in finance, Karen leads The Mortgage Source since founding it in 1996. Her community involvement and NMLS #131102 expertise ensure quality service across Wyoming. She specializes in guiding clients through complex mortgage options.
Sara S. Sheen
Loan Closer & Post Closing Coordinator
Sara has served Laramie clients since 2008 as Loan Closer, managing post-closing processes with NMLS #2258649 expertise. Her local knowledge and attention to detail ensure smooth transactions for homebuyers across Wyoming.
Debora Palmer
Loan Processor
Debora brings 30 years of real estate experience to her role as Loan Processor. She efficiently manages documentation requirements and client communications, leveraging her industry knowledge to streamline mortgage approval processes for Wyoming residents.
Stephen Robertson
Loan Assistant
Stephen supports mortgage operations since 2021, managing appraisals and closing tasks. His commitment to customer service ensures timely processing and clear communication for clients navigating home purchase or refinance transactions.
Lauren Johnson
File Manager
Lauren oversees document management as File Manager, ensuring accurate file organization since 2020. Her attention to detail maintains compliance with lending regulations while facilitating efficient loan processing for The Mortgage Source clients.
Questions
What mortgage programs do you offer?
We provide conventional, VA, FHA, WCDA, HFA, and MCC mortgage programs to meet diverse buyer needs across Wyoming.
Are you licensed to operate in Wyoming?
Yes, we hold multiple Wyoming mortgage licenses and have served the state since 1996 with regulatory compliance.
Do you work with first-time homebuyers?
Absolutely. We specialize in first-time buyer programs including WCDA, FHA, and MCC tax credit options.
How can I start the loan process?
Begin online or contact us at (307) 755-1592 to connect with our loan originators for personalized guidance.
What documentation is needed for approval?
Typical requirements include income verification, asset statements, and property documentation. Our team provides specific checklists during consultation.
Do you offer post-closing support?
Yes, we provide ongoing assistance after closing to address any mortgage-related questions or needs.
Reviews (5)
Nasiru Yusuf
Dec 10, 2021
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Helen Bosler
Nov 13, 2021
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Positive:Professionalism,Quality,Responsiveness,Value
Karen and her team are the absolute best around. Highest quality work on every new or refi transaction I've conducted with them.
Karen and her team are the absolute best around. Highest quality work on every new or refi transaction I've conducted with them.
Patrick Rodgers
Sep 26, 2021
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The folks at The Mortgage Source are extremely professional, competent, kind, efficient, timely, and organized. I would recommend them to anyone in a heartbeat. Our homebuying and mortgage process was made so easy with their help. I should also mention that they were kind friendly throughout and always graciously answered any of our questions. Laramie is lucky to have a business like this!
Linda Rae Campbell
Aug 20, 2021
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Our experience with The Mortgage Source was most excellent! For folks who had not bought a house in 30 years, we found todays home buying process daunting, to say the least! But each associate who worked with us, exhibited great patience, guiding us kindly and carefully. We were encouraged, given options to consider and sound advice, which helped shape our decisions. With our many questions and concerns, we were treated with curtesy and respect at every turn and communication was open and often. We hope to become an active part of our new community and would highly recommend The Mortgage Source
Lorin Weber
Aug 16, 2021
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Positive:Professionalism,Quality,Responsiveness,Value
Great people!!! Answered all my crazy questions and kept me sane thru the whole process!!
Great people!!! Answered all my crazy questions and kept me sane thru the whole process!!
