FAQ

Frequently Asked Questions

How can you calculate how much home I can afford?

After verification of your income, assets, and what payment you are comfortable with, we will work with you on how much of a home you can afford.

Which expenses counts as a liabilities?

Your new mortgage payment which includes taxes, insurance, any HOA dues, PMI insurances and all the minimum monthly payments that report to credit along with any child support/alimony or tax payments you may be responsible for.

What is the minimum credit score for financing?

Depends on the loan program. We have loan programs that allow as low as 580. The best way to determine your qualification is to fill out an application.

Do I need to be a citizen to get a loan?

No, we have special programs for qualified Foreign Nationals

Disputes on my credit will effect to get a loan?

Sometimes yes, disputes of accounts that total $1,000 or more cumulative balance, must be reviewed as a manual underwrite for FHA loans and will require stricter guidelines for debt ratio and require reserves. Conventional disputes will be assessed by the automated underwriting system, so each situation is different.

How is my credit affected by pulling credit?

When lenders pull credit it is good for 4 months and typically affects your credit score by 1 to 2 points. Unlike a car where your credit is pulled multiple times at once.