FAQ

While credit score requirements can vary among lenders, you can qualify for a mortgage with a credit score as low as 550, depending on the loan product. However, a higher credit score, typically in the range of 620 to 740, may offer better interest rates and loan terms.

The typical down payment for a mortgage is around 3-5% of the home's purchase price, but there are options available for lower down payments as well & Down Payment Assistance, in the form of a grant or Second Lien loan.

Down payment assistance programs provide financial support to help homebuyers cover the upfront costs of purchasing a home, making homeownership more accessible for individuals who may not have enough savings for a down payment.

VA loans are available to active-duty service members, veterans, and eligible surviving spouses. Specific eligibility requirements include meeting service length requirements and obtaining a Certificate of Eligibility (COE) from the VA.

Closing costs are fees and expenses paid at the closing of a real estate transaction. These costs typically include loan origination fees, appraisal fees, title insurance, and other charges associated with finalizing the mortgage.