Frequently Asked Questions

 Generally speaking, we are looking for a credit score of 640 or above. If your score is lower than that, we can offer solutions to raise your score rapidly. If more work is required, we have several resources available to help you get your score up and position yourself to buy a home, in the shortest time possible  

 Conventional: 3% down for first time home buyers, 5% otherwise.

FHA: 3.5% down

VA: 0 down

Down payment assistance programs: These programs can offer assistance on your costs for first time home buyers. Often times, it will cover the bulk of required costs.

  To determine the purchase price that you can afford, we will look at your total income as compared to your total debt. We will arrive at your debt to income ratio and increase your max purchase price allowed based on the max debt to income available by loan type. 

  For a prequalification letter,  (required to look at homes) you will complete a short application, we will collect income/assets/debt documentation and instantly determine eligibility to issue a prequalification letter. 

 The application process does require that we pull your credit. The impact on your score is minimal and recoverable. The credit pull is good for 3 months. If you have not found your home in that period of time, we will update your score, giving you another 3 months