Your Local Mortgage Lender
Located in Alpharetta, Georgia
Personalized Mortgage Experience
Shelby Pennix offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams
The Home Loan Process
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Mortgage Programs
Experience the best mortgage experience located in Alpharetta, Georgia
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
Non-QM
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
The Fed Did Not Raise Rates, So Why Did Mortgage Rates Jump?
The Fed Did Not Raise Rates, So Why Did Mortgage Rates Jump?
Homebuyers see this all the time: the Federal Reserve holds rates steady, but mortgage rates move anyway the next day.
The key is this: mortgage rates are not directly set by the Fed. Mortgage pricing is heavily influenced by long term interest rates and mortgage bond market conditions.
Federal Reserve website: https://www.federalreserve.gov/
What the Fed Actually Controls
The Fed’s core tool is monetary policy that influences short term interest rates and overall financial conditions.
In simple terms, it is focused on the short end of the rate world, not 30-year mortgage pricing.
FRED (Federal Funds Rate data): https://fred.stlouisfed.org/
What Mortgage Rates Are Tied To Instead
Mortgage rates tend to move with long term yields and the mortgage bond market.
Two common reference points:
The 10-year Treasury yield, a widely watched long term benchmark
Agency mortgage-backed securities, where many mortgages are ultimately bundled and sold, and where yield spreads are a key driver of borrower costs
FRED (10-year Treasury yield data): https://fred.stlouisfed.org/
New York Fed research (mortgage spreads): https://www.newyorkfed.org/
Why Rates Can Move on a Random Headline
The bond market is forward-looking.
Investors buy and sell bonds based on what they think will happen next with inflation, growth, and future Fed policy. So if an inflation report surprises the market, yields can jump even if the Fed has not changed anything.
This is why you can see:
Fed holds steady on Wednesday
Inflation data surprises on Thursday
Bond yields move Thursday morning
Mortgage rate sheets update shortly after
AP News has also summarized this relationship in plain English, noting mortgage rates typically track the 10-year Treasury yield.
AP News: https://apnews.com/
The Key Takeaway for Buyers
Do not only watch what the Fed did. Watch what the market expects the Fed to do next, and how the bond market reacts to new information.
Consumer Financial Protection Bureau research also highlights how mortgage rates can move in anticipation of Fed actions and broader market conditions, not only after a Fed decision.
CFPB: https://www.consumerfinance.gov/
What to Do in Real Life
Instead of trying to predict every headline:
Get clear on your comfortable monthly payment range
Use a lock strategy that matches your closing timeline
Ask your loan officer what is moving the bond market this week, especially around major inflation and jobs reports
Mortgage rates live in expectations, and expectations can change fast.
Sources (general websites):
Federal Reserve: https://www.federalreserve.gov/
FRED (St. Louis Fed): https://fred.stlouisfed.org/
New York Fed: https://www.newyorkfed.org/
AP News: https://apnews.com/
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