What Clients Ask The Most
How much of a down payment will I need?
Don’t have a big down payment? FHA's not your only options. Get a conventional 3% down loan.
Conventional loans start at 3% for a Fannie Mae or Freddie Mac loan
If you put down 20% down, you avoid private mortgage insurance (PMI)
If you qualify for a VA loan, no down payment is required
If you're getting a FHA loan, the minimum down payment is 3.5%
When should I refinance?
We offer unique programs that let you refinance up to 97% of your home’s appraised value! Here are a few reasons why you should consider refinancing now:
Lower your monthly mortgage payment
Your credit score has improved
You want to lower your interest rate
You want to eliminate monthly PMI (private mortgage insurance)
You want to change from an FHA loan to a conventional loan
You want to turn home equity into case for home improvements
Pay off or consolidate debts
Your child is starting college
What documents do I need for a home loan?
Don’t get overwhelmed by the paperwork and forms you need to provide when applying for your loan. Our Doc-less technology makes the process painless, using e-sign technology that securely and automatically verifies income and assets. It also features a tracking system that lets you and your buyer monitor the progress of the loan from submission to closing.
Here are the documents lenders are interested in:
Tax returns. Lenders want to see 1-2 years of returns to make sure you have a consistent income.
Pay stubs & W2s. Recent pay stubs help verify your current earnings, while W-2s from your employer provide a clear picture of your financial health.
Bank statements and assets. Your bank statements, investment assets and life insurance show how much money you have in reserve in case of an emergency.
Credit report. Lenders will pull your credit report to assess your credit history.
Gift letters. If friends or family give you money toward your down payment, you’ll need to provide a written confirmation that the money is a gift and not a loan.
Renting history (if applicable). Many lenders want proof that you can pay on time.
Can I secure my interest rate?
While you look for your new home:
Lock an interest rate without an offer on a property
60- and 90-day locks available
Fast and easy pre-approvals
What does my credit score mean?
Credit scores range from 300 to 850 points. The higher your credit score, the better.
Average credit scores range between 660 and 720. A score above 680 will increase your chances of obtaining financing.
Your credit score can also affect your interest rate. The higher your score, the more likely you are to get a lower interest rate.
Avoid multiple credit pulls. Having your credit pulled multiple times may result in a decreased credit score