Frequently asked questions.

Q: What types of mortgages do you offer?

A: We offer a variety of mortgage products, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, and USDA loans. We also offer first-time homebuyer programs and refinancing options. Our specialties are loans for self employed borrowers, VA, and jumbo financing.

Q: What is the difference between a fixed-rate and adjustable-rate mortgage?

A: A fixed-rate mortgage has an interest rate that remains the same for the entire term of the loan, while an adjustable-rate mortgage (ARM) has an interest rate that can change over time. An ARM usually starts with a lower interest rate than a fixed-rate mortgage, but the rate can increase or decrease depending on market conditions.

Q: What are the qualifications for a mortgage loan?

A: Qualifications vary depending on the type of loan and lender, but generally, borrowers need to have a good credit score, a stable income, and a manageable level of debt. They will also need to provide proof of income, such as pay stubs or tax returns, and a down payment.

Q: How can I check my credit score?

A: You can check your credit score for free on websites such as Credit Karma, Credit Sesame, and Quizzle. You are entitled to one free credit report per year from each of the three major credit bureaus (Equifax, Experian, and TransUnion) Credit Karma is our favorite tool.

Q: How much money do I need for a down payment?

A: The amount of money you need for a down payment depends on the type of loan and the lender. For conventional loans, a down payment of 20% is typically required. For FHA loans, the down payment can be as low as 3.5%, and for USDA and VA loans, no down payment is required for eligible borrowers.

Q: How long does the mortgage process take?

A: The mortgage process can take anywhere from a couple weeks to several months, depending on the type of loan, the lender, and the buyer's qualifications. The process typically includes pre-approval, the application process, underwriting, and closing.

Q: Can I refinance my mortgage?

A: Refinancing allows you to replace your current mortgage with a new one, either to lower your monthly payments or to take cash out of the equity in your home. Connect with your loan officer to see if you qualify.

Q: Can I get pre-approved for a mortgage?

A: Pre-approval is a process in which a lender evaluates your financial situation and creditworthiness to determine how much they would be willing to lend you. This can help you determine your budget and make you a more competitive buyer in the market. It’s usually the first step that a realtor will want you to take before shopping for homes. Connect with your loan officer to see if you qualify.

Q: How do I contact you if I have more questions or to apply for a mortgage?

A: You can contact us through our website, by phone or email. We will be more than happy to assist you with any questions you may have and guide you through the mortgage application process.