JoAnn Garrison started her career with American Airlines. When the company did massive layoffs, a friend of JoAnn’s who was an underwriter, suggested she give the mortgage industry a try. JoAnn took her friend’s advice and quickly fell in love with home lending. Since 2002, JoAnn has been helping people across Oklahoma achieve their homeownership goals.
With over twenty years of experience, JoAnn can provide guidance on all types of loan programs and products, but she especially enjoys working with those seeking first-time homebuyer programs and VA loans. She feels very invested in her clients and likes to take care of them. A natural nurturer, JoAnn’s favorite quote sums up her helping nature: “No one cares how much you know until they know how much you care.”
Veterans hold a special place in JoAnn’s heart. She has an immense respect for the sacrifices they have made and the challenges they face. A VA loan specialist, JoAnn understands the unique needs of those who have served. She is incredibly sensitive to the needs of those suffering PTSD, poor credit challenges and disabilities.
A majority of JoAnn’s clients are also first-time homebuyers. She loves to provide education on the mortgage process and help someone who does not see a path to homeownership. She is a strong advocate for her clients and works diligently to overcome obstacles and help them achieve the dream of owning their own home.
JoAnn also likes to stay involved and give back to her local community. She is a strategic partner and past board member of the Women’s Council of Realtors – Tulsa chapter. Through their partnership with the Greater Tulsa Realtors Association and Family & Children’s Services, the WCR contributes to the annual Backpacks for Kids program. JoAnn is a past and current co-chair of the event and the WCR donated $13,000 to the 2023 school year.
If you are thinking about buying a home, but don’t where to start, give JoAnn a call. When you work with JoAnn Garrison, there’s no comparison!
I am committed to being in your corner and promise to empower you with all the information needed to choose the right loan for you
Mortgage Programs Explained
There is no one-size-fits-all when it comes to mortgage lending. MiMutual has numerous loan options to fit every budget and situation. At MiMutual Mortgage, you can expect a one-on-one consultation to determine the right loan program for your unique situation.
A Conventional loan is a mortgage not guaranteed by the government. However, most conventional loans will follow the guidelines established by Fannie Mae (FNMA) and Freddie Mac (FHLMC). This type of loan is good for borrowers with a favorable credit score and allows more flexibility in loan terms and higher loan limits.
Unlike FHA, VA or RD loans, conventional loans do not require private mortgage insurance (PMI) unless the borrower has less than 20% down. 20% down however, is not a requirement and some conventional loans allow as little as 3% down! Once the loan reaches 20% equity, PMI can be canceled.
In addition to standard conventional loan programs, MiMutual Mortgage also offers the following niche conventional loan programs:
- Fannie Mae HomeReady
- Freddie Mac Home Possible
- Freddie Mac HomeOne
- Freddie Mac Refi Possible
Government loans are backed by the federal government. The loan is funded or originated by the mortgage company, but has a guarantee from either the Federal Housing Administration (FHA), USDA Rural Development (RD), or US Dept of Veterans Affairs (VA).
Government loans open the door for borrowers that have little to no money saved for a down payment, a challenging credit history or have lower credit scores. Government loans offer easier qualifying requirements and are widely used in the industry.
Government-insured loans can be used for purchase, renovation (through the FHA 203(k) loan), or refinance transactions.
Government loan programs include:
- Federal Housing Administration (FHA)
- USDA Rural Development (RD)
- Veterans Affairs (VA)
The Federal Housing Finance Agency (FHFA) sets a limit on the dollar amount a conventional loan must conform to. Any loans beyond this limit are known as a Jumbo loan. With a Jumbo Loan from MiMutual, you can expand your options and find your dream home that will meet your needs now and in the future.
MiMutual Mortgage offers a number of Jumbo Mortgage Programs to fit a variety of situations. These include Purchase loans, Asset-Qualifier, Rate and Term and Cash-Out Refinance loans.
- As little as 10% down
- Loan amounts up to $4 Million
- Primary residence, second homes, and investment properties are eligible
Don’t have much saved for a down payment?
We can help with that!
Down Payment Assistance (DPA) can:
- Reduce out of packet cash to close
- Put cash savings to work by improving the home and growing equity
- Free up cash to pay down student loan debt or other bills
- Save cash to start investing for the future
MiMutual Mortgage offers a number of down payment assistance programs including:
- Chenoa Fund DPA for FHA financing
- The National DPA for Conventional financing
- State Housing Finance Authority DPA and MCC
MiMutual Mortgage is a Renovation Loan specialist. We were even featured on the Lifetime Network “Designing Spaces” home design television show! With a Renovation loan, you can bundle the cost of purchasing or refinancing with the cost of renovation into one single loan!
MiMutual Mortgage offers the FHA 203k and Conventional HomeStyle renovation loans. These allow for the same qualifying factors as a traditional FHA or Conventional loan with the ability to lend up to the estimated after-improved value of the home!
Eligible renovations include:
- Small repairs with a minimum renovation cost of $5,000
- Kitchen remodels including appliances
- New roof
- New flooring
- Instillation of an in-ground pool
Still not finding what you are looking for?
MiMutual Mortgage has a number of unique loan programs including:
- Qualifying on assets without income
- Real Estate Investor programs including DSCR
- Self-Employed financing options
- Bank statement qualifying
You are about to begin the mortgage loan application
- Applying on the MiMutual Mortgage Online Loan Application is quick, easy, and secure! The loan application will take about 25 minutes to complete.
- Once your application is submitted, you can log back into the MiMutual Mortgage Online Loan Application to securely upload requested documents, view your loan status, and communicate with your mortgage team.
- If you have questions, reach out to your MiMutual Mortgage Loan Officer.
Your guided mortgage journey starts here!Start Application