Frequently Asked Questions

Here are a few things to consider when figuring out what you can afford - monthly income, available funds for down payment, your current monthly expenses, and credit score. Call me today to talk through how much house you can afford and the best loan that fits you.

Yes! There are plenty of loan products that don't require 20% down. Call me today and ask about these products.

There is more to purchasing a house than down payment (unless your seller pays them for you!), you will also need to consider closing costs. Closing costs include items like appraisal, credit report fees, title fees, survey, taxes and insurance. This number can vary but a general rule of thumb is 2.5-3% of the loan amount. But call today to receive more exact figures.

Technically no, BUT if you want a seller to take you seriously then YES! It is important for you and your realtor to know what you can afford and the way to do this is to get pre-qualified. Pre-qualification is really the first step to purchasing a home.

The million dollar question...your minimum down payment is a percentage of the purchase price. Your minimum down payment is also dependent on the loan program you choose. Call today to see what loan program suits your needs.

Typically, from date of contract to closing is 30-45 days. We pride ourselves on a quick close so 30 days is our standard.

Credit score is a big determinant for what loan program you should choose and what interest rate you get. Lenders favor those with higher credit scores and give better interest rates for scores over 700. Now, there are still plenty of programs and opportunities for those under 700 so don't count yourself out! However, keep in mind that maintaining a good credit score will benefit you when applying for a mortgage loan.