Frequently Asked Questions
What credit score do I need?
Conventional 620+, FHA 580+, VA no minimum. We can help with various credit profiles.
How much down payment?
Conventional 3%, FHA 3.5%, VA 0%, USDA 0%. We help find the best option.
How long does it take?
Typically 30-45 days from application to closing.
Pre-qualification vs pre-approval?
Pre-qualification is an estimate. Pre-approval involves a thorough review and is taken seriously by sellers.
What documents do I need?
2 years tax returns/W-2s, recent pay stubs, 2 months bank statements, ID.
Fixed or adjustable rate?
Fixed offers stability. ARMs start lower but adjust. If staying 7+ years, fixed is often better.
What are closing costs?
Typically 2-5% of loan amount including lender fees, title, appraisal, escrow.