Frequently Asked Questions

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.