Home Loan FAQs
Many homebuyers want to know what current mortgage rates are. Mortgage rates fluctuate over time, and the rate you qualify for depends in part on your credit score and other eligibility criteria.
We cannot provide a simple answer on this page for that reason. But when you contact us, we can tell you what rates you may qualify for.
The cost of a mortgage depends on a range of factors, including:
• The home you are buying
• The type of mortgage you are getting
• Your qualifications and the interest rate you receive
• Fees and closing costs
There are also other costs of homeownership you need to take into account, like mortgage insurance, utilities, property taxes and homeowner’s association fees. During your consultation, we can help you figure out the cost of a mortgage and how much home you can afford.
The answer to this question may vary depending on the details of your home loan and the underwriting process. But in general, we usually can close within 30 days. We can tell you an estimate during your consultation so you will know what to expect.
The minimum credit score to purchase a home depends on what type of home loan you apply for. Your debt-to-income (DTI) ratio, income and assets also will have an effect on your qualifications.
Government-backed mortgage products like FHA loans, VA loans and USDA loans are all options for those whose credit scores are not ideal. When you contact us, we can tell you more about these loan products and help you figure out whether you qualify.
Something else we can do is offer personalized advice regarding how you can raise your credit score. You might be surprised by what you can do to make a difference even in a short time period.
Yes, you can buy a home if you are self-employed. This is a common situation nowadays. Many buyers work for themselves, and/or have multiple streams of revenue or other non-traditional situations.
In fact, we have a streamlined loan process in place specifically for self-employed borrowers. You do not need a W-2 to apply for a mortgage, which means that your status does not need to hold you back. This is one of our specialties, so we can move you rapidly through the steps so you can close on your new home.
The exact down payment you require to purchase a home depends on the mortgage product for which you are applying as well as your other qualifications as a homebuyer.
There are some mortgage products that we can recommend especially for homebuyers who want to avoid a large down payment. These include FHA loans, which have low down payments, and USDA and VA mortgages, which have no down payment. Conventional mortgages are worth a look too, especially with excellent qualifications.
If you are still struggling to come up with the money you need to make your down payment, there are also down payment assistance options that we can help you check into.
- Access to a wide range of loan options: As wholesale mortgage brokers, we have relationships with multiple lenders, including banks, credit unions, and private lenders. This gives you access to a broader selection of loan products and programs compared to retail lenders. We can help you find the best loan options tailored to your specific financial situation and goals.
- Competitive interest rates and fees: We can give you access to wholesale rates and pricing, which can be more competitive than what you might find at retail banks or lenders. By leveraging our network of lenders, we can negotiate better terms, potentially saving you money over the life of your loan.
- Expertise and personalized guidance: Our team provides you with personalized guidance, helping you navigate through the mortgage process, understanding different loan options and finding the most suitable solution for your needs. Our expertise can be particularly valuable if you have a unique financial situation or credit history.
Customers Testimonials
Trusted by Thousands of Happy Customers
- Ramzi and his team were professional, friendly, and found the best possible loan option for our first mortgage. They worked well to get the information the lender needed and were responsive with our realtor. Would absolutely recommend Ramzi and the Pacific Mortgage group.read moreread lessB. Stuercke3/18/2025I just bought my first home and wanted to share my experience. My friend recommended me to a loan officer named Ramzi, so I told my realtor about him. She said he was really good and fast to respond. Every time I needed something, Ramzi was super quick to get back to her. When I called him, he always answered my questions and made sure I understood everything. Ramzi helped me get my closing costs lower and secured the best interest rate possible. The escrow lady even mentioned that it was the lowest rate she had seen this year! Overall, I had a great experience working with Ramzi and my realtor, and I highly recommend them to anyone looking to buy a home.read moreread lessV. Gonzales3/17/2025×V. Gonzales3/17/2025I just bought my first home and wanted to share my experience. My friend recommended me to a loan officer named Ramzi, so I told my realtor about him. She said he was really good and fast to respond. Every time I needed something, Ramzi was super quick to get back to her. When I called him, he always answered my questions and made sure I understood everything. Ramzi helped me get my closing costs lower and secured the best interest rate possible. The escrow lady even mentioned that it was the lowest rate she had seen this year! Overall, I had a great experience working with Ramzi and my realtor, and I highly recommend them to anyone looking to buy a home.
- They went above and beyond with helping me even on the items that wasn't related to their scope. Homeowner seller agreement, contacting insurance company, dealing with title for missing info. They did a lot of stuff to help get me through the process before I even committed to them for loan.read moreread lessA. Duer3/03/2025×A. Duer3/03/2025They went above and beyond with helping me even on the items that wasn't related to their scope. Homeowner seller agreement, contacting insurance company, dealing with title for missing info. They did a lot of stuff to help get me through the process before I even committed to them for loan.My experience with Pacific Mortgage and Reada was absolutely AMAZING. Raeda is extremely caring, understanding and professional. With her by my side there was never a moment that I had to worry about anything. I would recommend Raeda and her team to everyone I know. I thank God for Raeda and Pacific Mortgage Company.read moreread lessT. Franklin2/02/2025×T. Franklin2/02/2025My experience with Pacific Mortgage and Reada was absolutely AMAZING. Raeda is extremely caring, understanding and professional. With her by my side there was never a moment that I had to worry about anything. I would recommend Raeda and her team to everyone I know. I thank God for Raeda and Pacific Mortgage Company.
- Khaled and the team at pacific mortgage have been an incredible help with my loans. Their expertise, professionalism, and genuine care made the process smooth and stress-free every time. Khaled goes above and beyond to ensure everything is handled perfectly and always takes the time to answer questions and explain options. Highly recommend for anyone needing mortgage assistance—you won't find better!read moreread lessN. Obeid1/19/2025×N. Obeid1/19/2025Khaled and the team at pacific mortgage have been an incredible help with my loans. Their expertise, professionalism, and genuine care made the process smooth and stress-free every time. Khaled goes above and beyond to ensure everything is handled perfectly and always takes the time to answer questions and explain options. Highly recommend for anyone needing mortgage assistance—you won't find better!
- Don’t even think twice. Just call them up! You won’t regret it!! I am so grateful that I crossed paths with Ramzi and his team at Pacific Mortgage Group. I had given up hope but then this amazing group worked with me for months to get me solutions with the best rates for my situation. Ramzi was communicative, explained things thoroughly and never gave up on me! Thank you Ramzi and Pacific Mortgage Group as a whole! I will recommend you to everyone I know that’s in the market for your services!read moreread lessP. “Karyatisa”12/14/2024×P. “Karyatisa”12/14/2024Don’t even think twice. Just call them up! You won’t regret it!! I am so grateful that I crossed paths with Ramzi and his team at Pacific Mortgage Group. I had given up hope but then this amazing group worked with me for months to get me solutions with the best rates for my situation. Ramzi was communicative, explained things thoroughly and never gave up on me! Thank you Ramzi and Pacific Mortgage Group as a whole! I will recommend you to everyone I know that’s in the market for your services!This was my first home buying experience and I think it went as smoothly as I could have hoped. Carlos helped me find the absolute best interest rate around and explained the process with patience and worked around my extremely hectic schedule. I had many questions and was understandably anxious about this process and they definitely put me at easy by answering any questions I had with patience and simplicity. I will definitely be using them again when it’s time to buy my next property.read moreread lessJ. Ramirez12/08/2024×J. Ramirez12/08/2024This was my first home buying experience and I think it went as smoothly as I could have hoped. Carlos helped me find the absolute best interest rate around and explained the process with patience and worked around my extremely hectic schedule. I had many questions and was understandably anxious about this process and they definitely put me at easy by answering any questions I had with patience and simplicity. I will definitely be using them again when it’s time to buy my next property.
- We had an outstanding experience working with Khaled from Pacific Mortgage Group. Despite the chaotic mortgage market, Khaled guided my family and me through every step of the process and locked in a mortgage rate that was far better than what Wells Fargo and other lenders could offer. That alone speaks volumes! Khaled was prompt, professional, and incredibly patient throughout the entire process. We never felt rushed or pressured, and he took the time to thoroughly answer all of our questions. His expertise and dedication made what could have been a stressful experience feel smooth and manageable. If you're looking for a mortgage loan originator who truly has your best interests at heart, I highly recommend Khaled and Pacific Mortgage Group. You won't be disappointed!read moreread lessL. Belo12/07/2024×L. Belo12/07/2024We had an outstanding experience working with Khaled from Pacific Mortgage Group. Despite the chaotic mortgage market, Khaled guided my family and me through every step of the process and locked in a mortgage rate that was far better than what Wells Fargo and other lenders could offer. That alone speaks volumes! Khaled was prompt, professional, and incredibly patient throughout the entire process. We never felt rushed or pressured, and he took the time to thoroughly answer all of our questions. His expertise and dedication made what could have been a stressful experience feel smooth and manageable. If you're looking for a mortgage loan originator who truly has your best interests at heart, I highly recommend Khaled and Pacific Mortgage Group. You won't be disappointed!
- Pacific Mortgage Group Raeda, It was truly a pleasure working with you. Your professionalism, promptness, and efficiency stood out throughout our collaboration. I appreciate your dedication and the seamless experience you provided. Thank you for your hard work and support!read moreread lessM. Mendoza12/07/2024
- Khaled did a great job on my refinance. With all the difficulties we went through, he was on top of everything. Thanksread moreread lessC. Golden11/23/2024
- S. Zom11/22/2024I recently worked with Raeda Jaber at Pacific Mortgage Group for my mortgage, and I couldn't be happier with the experience. From our first meeting, she demonstrated an impressive depth of knowledge about the mortgage process and was always ready to answer my questions. Raeda took the time to understand my financial situation and helped me find the best mortgage option tailored to my needs. She guided me through every step, making what can often be a daunting process feel manageable and straightforward. Communication was excellent; I was kept informed at every stage, and I appreciated her quick responses to my inquiries. Thanks to Raeda's expertise and support, I secured a great rate and closed on my home smoothly. I highly recommend Raeda to anyone looking for a reliable and knowledgeable mortgage broker. Thank you for helping me purchase my home.read moreread lessN. Alsmadi10/24/2024×N. Alsmadi10/24/2024I recently worked with Raeda Jaber at Pacific Mortgage Group for my mortgage, and I couldn't be happier with the experience. From our first meeting, she demonstrated an impressive depth of knowledge about the mortgage process and was always ready to answer my questions. Raeda took the time to understand my financial situation and helped me find the best mortgage option tailored to my needs. She guided me through every step, making what can often be a daunting process feel manageable and straightforward. Communication was excellent; I was kept informed at every stage, and I appreciated her quick responses to my inquiries. Thanks to Raeda's expertise and support, I secured a great rate and closed on my home smoothly. I highly recommend Raeda to anyone looking for a reliable and knowledgeable mortgage broker. Thank you for helping me purchase my home.
- D. Golding10/24/2024We recently closed on our first home in Florida, and working with Ramzi Al-Shurman as our loan officer was an excellent experience. My wife and I had many questions throughout the process, and Ramzi took the time to explain everything, ensuring we understood all our options and what was best for us. I was introduced to Ramzi by a coworker who had a great experience with him when purchasing his family home, and he absolutely lived up to that reputation. He is honest, hardworking, and genuinely cares about his clients. Not only did he make the entire process as smooth as possible, but he also secured us the best rate available. We couldn’t be happier with the service Ramzi provided. You won’t regret choosing him to work on your loan!read moreread lessd. dejesus10/17/2024×d. dejesus10/17/2024We recently closed on our first home in Florida, and working with Ramzi Al-Shurman as our loan officer was an excellent experience. My wife and I had many questions throughout the process, and Ramzi took the time to explain everything, ensuring we understood all our options and what was best for us. I was introduced to Ramzi by a coworker who had a great experience with him when purchasing his family home, and he absolutely lived up to that reputation. He is honest, hardworking, and genuinely cares about his clients. Not only did he make the entire process as smooth as possible, but he also secured us the best rate available. We couldn’t be happier with the service Ramzi provided. You won’t regret choosing him to work on your loan!
- Ramzi , thank you for everything. You help me so much. I will definitely put your name out there to my friends. I was a little nervous never did this before, but you were very understanding and help me with this difficult time. Thank you so much.read moreread lessL. A10/12/2024???? Khaled and Pacific Mortgage Group, We cannot thank you enough for the incredible effort you put into making this happen. Your dedication and hard work truly stand out, and it’s been an absolute pleasure working with you. We’re beyond grateful and proud to say we had the best by our side—you're undoubtedly the top mortgage provider in Los Angeles! ???? We look forward to working with you again on future projects and continuing this great partnership. Rania Tabbahread moreread lessR. Tabbah10/11/2024×R. Tabbah10/11/2024???? Khaled and Pacific Mortgage Group, We cannot thank you enough for the incredible effort you put into making this happen. Your dedication and hard work truly stand out, and it’s been an absolute pleasure working with you. We’re beyond grateful and proud to say we had the best by our side—you're undoubtedly the top mortgage provider in Los Angeles! ???? We look forward to working with you again on future projects and continuing this great partnership. Rania Tabbah
- Ramzi at PMG is awesome!! He helped us with our home mortgage and answered all of our questions. He was always available to answer questions, professional and knowledgeable; typically answered my calls and texts instantly. Highly recommend.We will definitely do business again!read moreread lessJ. Sumner10/09/2024×
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Ramzie at Pacific Mortgage is second to none!!!! We recently used Pacific Mortgage for Our refinance and are Very happy with the Whole process from start to finish. We highly recommend Ramzie for all Your Mortgage needs. Stephen Parks.
read moreread lessS. P.10/02/2024Thank you so much to Khalid for assisting me purchase my new home. Khalid is very professional, communicative, and helpful. He was very attentive to details throughout the process which made it very smooth and straightforward. I recommend Khalid to anyone in need of a reliable, knowledgeable, and supportive loan officer. The level of service and care I received exceeded all of my expectations. Thank you again, Khalid, for your exceptional assistance!read moreread lessK. Banihani9/24/2024×K. Banihani9/24/2024Thank you so much to Khalid for assisting me purchase my new home. Khalid is very professional, communicative, and helpful. He was very attentive to details throughout the process which made it very smooth and straightforward. I recommend Khalid to anyone in need of a reliable, knowledgeable, and supportive loan officer. The level of service and care I received exceeded all of my expectations. Thank you again, Khalid, for your exceptional assistance! - Raeda and her team was amazing!! They made the process to easy and effortless.. thank you so much!!!read moreread lessC. Cruz9/24/2024
- My dear Roxana and Carlos, this was an extreme trip for the whole team, but we came out victorious. These people dedicate themselves to their work, achieving smiles. Personally, I don't have more stars to give them, but I thank God for having dealt with them. I recommend them to you.read moreread lessJ. Osorno9/10/2024×J. Osorno9/10/2024My dear Roxana and Carlos, this was an extreme trip for the whole team, but we came out victorious. These people dedicate themselves to their work, achieving smiles. Personally, I don't have more stars to give them, but I thank God for having dealt with them. I recommend them to you.
- I am very grateful to have found Ramzi for handling the mortgage for the construction of my house. I made the right choice by selecting him for a process that has been long, complicated, and challenging for everyone involved. Ramzi is a highly knowledgeable person; he always answered our questions whenever we needed him. Even though he was in another state with different time zones, this was never an issue. He was always very attentive, as was everyone in the office. This is a dream come true for me and my family. It has been a tough year, but finding Ramzi made it much more bearable for us. Thank you for everything!read moreread lessA. Carmona8/31/2024×A. Carmona8/31/2024I am very grateful to have found Ramzi for handling the mortgage for the construction of my house. I made the right choice by selecting him for a process that has been long, complicated, and challenging for everyone involved. Ramzi is a highly knowledgeable person; he always answered our questions whenever we needed him. Even though he was in another state with different time zones, this was never an issue. He was always very attentive, as was everyone in the office. This is a dream come true for me and my family. It has been a tough year, but finding Ramzi made it much more bearable for us. Thank you for everything!
- highly recommend Raeda at Pacific Mortgage Group. She made the entire loan process smooth and stress-free with her expertise and excellent communication. Raeda and her team handled my refinance loan efficiently. Thanks to her, we closed on time and with very competitive loan terms. Truly outstanding service!read moreread lessB. Abdallah8/26/2024×B. Abdallah8/26/2024highly recommend Raeda at Pacific Mortgage Group. She made the entire loan process smooth and stress-free with her expertise and excellent communication. Raeda and her team handled my refinance loan efficiently. Thanks to her, we closed on time and with very competitive loan terms. Truly outstanding service!
- L. Felix8/16/2024I worked with James at Pacific Mortgage Group & had an amazing experience. He was able to over come some bumps in the road along the way and make it happen for us. He was always available by phone or email with any questions or concerns and responded promptly. I will definitely work with them again in the future! I highly recommend this company.read moreread lessS. Vargas8/14/2024×S. Vargas8/14/2024I worked with James at Pacific Mortgage Group & had an amazing experience. He was able to over come some bumps in the road along the way and make it happen for us. He was always available by phone or email with any questions or concerns and responded promptly. I will definitely work with them again in the future! I highly recommend this company.
- So detail oriented and organized. Made the process of buying our home smooth, fast, and efficient. I highly recommend speaking with Raeda and her team first if you are looking to buy a house.read moreread lessJ. Kiswani8/12/2024
Buy a Home in Corona or Beyond
We hope you were able to find answers to your questions above. Still looking for answers about buying a home? Please contact us today at (951) 531-1399 to schedule your mortgage consultation. We can work with you in Corona or throughout California. We also serve homebuyers and homeowners in Florida, Oregon, Nevada, Colorado and Washington State.