Welcome to Honest Mortgage, Inc.

Based in Ithaca, NE
Licensed in Nebraska, Iowa, and Virginia

Educational Videos


These 4 videos (1 video has 2 parts) will explain why our rates are low, and how to shop for and compare quotes from different companies. Additionally, learn how to verify if we (or any other company) are properly licensed or not. Finally, learn the basics of the pre-qualification process.



About Us

We are a wholesale broker representing a variety of lenders offering low rates and creative financing options. Our rates are low because we do not charge a lot per loan; we are more interested in volume. Like most mortgage companies, we offer Conventional, FHA, VA, USDA, and Jumbo loans (collectively known as QM, or Qualified Mortgages) for both purchase and refinance transactions in a 1st lien position, both fixed and adjustable rates. We also offer Non-QM (see #10 below for details). Finally, we also do HELOCs (home equity lines of credit) in a 2nd lien position. Specific examples include:

1. Use a concurrent, aka piggyback, HELOC to:
a. Purchase the new home before selling the old home
b. Avoid Jumbo rates and/or underwriting guidelines on the 1st mortgage
c. Avoid mortgage insurance
d. Avoid a Full Review and instead use a Limited Review on a condo
2. Assets as income: Don't have a job or own a business, but have a lot in a bank account, brokerage account, etc.? Use that to qualify.
3. Renovation loans: Close in a normal timeframe (i.e. 30 days), finance the cost of improvements, and have the work done over a maximum of 6 months post-close.
4. Lock 'n' shop: Worried about rates continuing to rise? Lock in today's rate, up to 180 days out, without being under contract yet. Float down policy in place should rates drop.
5. Under contract on a new build that won't be complete for awhile? Lock up to 180 days out. Float down policy in place should rates drop.
6. Discount on closing costs for under-served areas, a Fannie Mae program (current as of today, October 3, 2022; no expiration date given). Discount is 0.75% of the loan amount, so a $300,000 loan would have a $2,250 discount, a $200,000 loan would have a $1,500 discount, etc. Applies to the following zip codes: NE: 68107, 68111; IA: 50313, 50314, 50315, 50316, 50703, 51023, 52208; VA: 23075.
7. Closing cost assistance from $1,000-$2,500 in the form of a gift that never needs to be repaid, a pilot program by Freddie Mac. Income limits apply.
8. Down payment assistance for FHA and USDA loans in the form of a 2nd mortgage. Negotiate a seller concession to cover your closing costs and you could literally be zero out of pocket.
9. FHA and VA loans down to a 500 credit score, USDA down to 550.
10. Non-QM:
a. Self-employed or own a business but don't qualify for a QM due to all of your deductions? Qualify off of your bank statements in lieu of tax returns.
b. DSCR (debt service coverage ratio): Qualify for a rental property purchase using the cash flow of the property. Your personal income or debts will not be factored in.
c. Close in an LLC, corporation, etc. instead of as a natural person
d. Interest only payments
e. 40 year term
f. Foreign national
g. ITIN in lieu of SSN

Meet the Team

Picture of the founder of Honest Mortgages, Inc.

Joshua Bassan

Founder


I moved to greater Omaha, NE on June 1, 2021 from Northern Virginia. I worked remotely for my cousin Samuel Bassan’s company, Innovative Mortgage Group in Lakewood, CO, from February 2016 through December 2018, and again since February 2020.


Honest Mortgage, Inc. is my own company, but please look up the online reviews (mostly Google, but also Yelp , Lending Tree, and Redfin) for Innovative Mortgage Group in Lakewood, CO. Plenty of them mention me specifically, and my cousin Sam and I have worked hard to build a good reputation. Now that I have at least one review of my own, please see my Yelp page as well.


To continue my personal history: I had moved to Washington, DC in 2001 to attend Georgetown University, earning a BA in Chinese, and then hopped the Potomac River to live in Virginia upon graduation in 2005. I was born and raised in the 50th State, on an orange orchard on the island of Hawaii. As I spent my adult life on the mainland and got more familiar with the regional differences, I found myself drawn to the Midwest. I read great things about Omaha specifically and visited in January before deciding to move. I’m very excited to be here now, and look forward to staying for some time to come!

Pull my own Credit

This is only if you want to pay about $30 to see your own credit report immediately. This is a hard pull, so it will affect your credit scores. If you would like us to pay the fee to pull your credit (if you close a loan with us, the fee will be charged to you at closing), whether a soft pull for prequalification purposes only, or a hard pull, please click the Secure Loan Application tab and fill out a complete application.

Click here to pull your own credit.

Term Limits

Picture of term limits supporters

A portion of revenue goes to supporting my favorite non-profit, US Term Limits. Fighting career politicians in Washington! Please sign their petition.

Contact Us

Honest Mortgage, Inc.
857 Dech St
PO Box 92
Ithaca, NE 68033
531-466-7010 Office
531-201-0295 Fax
[email protected]
NMLS ID # 2103339