What types of loans do you offer?
We offer a variety of loan programs tailored to meet the needs of different borrowers. These include conventional loans, FHA loans, VA loans, USDA loans, new construction loans, reverse mortgages, jumbo loans, and both fixed-rate and adjustable-rate mortgages. Each program has unique features and benefits, so we can help you choose the one that best fits your financial situation.
What are the interest rates and APRs?
Interest rates and APRs vary based on several factors, including the loan type, your credit profile, down payment and current market conditions. We provide personalized rate quotes after reviewing your financial information and the specifics of your loan application.
What are the estimated closing costs?
Closing costs generally include fees for the loan origination, appraisal, title insurance, and other services required to complete your mortgage. These costs typically range between a small percentage of the loan amount and will be detailed in your Loan Estimate document.
What is the minimum down payment required?
The minimum down payment required depends on the type of loan you choose. Most loans offer little or no down payment options, while others may require a more substantial initial investment. We can discuss the best options for your situation during the application process.
Do you offer pre-approval or pre-qualification?
Yes, we offer both pre-qualification and pre-approval services. Pre-qualification is a preliminary step that gives you an idea of how much you might be able to borrow based on self-reported financial information. Pre-approval is a more detailed process that involves verifying your financial information, giving you a stronger position when making an offer on a home.
What is your average closing time frame?
The average time to close a mortgage can vary, but it typically takes between 20 to 45 days from the date of application to closing. This timeframe can be influenced by factors such as the complexity of the loan and the responsiveness of all parties involved.
How do I lock in my interest rate, and what are the costs?
To lock in your interest rate, you will need to request that your loan officer lock in the rate for you. There is no fee charged for this service. This rate lock secures your interest rate for a specified period, protecting you from potential rate increases before closing.
Are there any down payment assistance programs?
Yes, we work with various down payment assistance programs that can help you cover part or all of your down payment and closing costs. Eligibility for these programs often depends on factors such as income, location, credit and whether you are a first-time homebuyer.
What credit and income qualifications do I need?
Credit score and income requirements vary by loan type. Generally, a higher credit score and stable income improve your chances of qualifying for a mortgage and obtaining favorable terms. We review your entire financial profile to determine the best loan options for you. Our loan officers will also work with you to improve your credit score to ensure you get the best possible loan option.
