Mortgage loan requirements vary by lender and loan type but generally include a solid credit score, stable income, a manageable debt-to-income ratio, and a down payment. You’ll also need to provide documentation, such as proof of income, employment, assets, and identification. Specific requirements can differ, so contact us for guidance tailored to your unique financial situation.

Down payment amounts depend on the loan type and lender. While a 20% down payment helps avoid private mortgage insurance (PMI), there are loan options with down payments as low as 3%. We can help you explore various programs, including those designed for first-time homebuyers, to find the most suitable option for your budget.

The interest rate is the cost of borrowing money, shown as an annual percentage rate (APR). It directly impacts your monthly payments and the total amount you’ll repay over the life of the loan. A lower interest rate means lower monthly payments and less interest paid overall, which can save you thousands over time. We work to find the most competitive rates available for you.

Commonly required documents include pay stubs, tax returns, bank statements, proof of employment, and identification. Additional documentation may be necessary depending on the loan program and your financial profile. We will provide you with a detailed checklist to make the process as smooth as possible.

The mortgage process usually takes 15 to 30 days from offer acceptance to closing. However, the timeline can vary based on how quickly you provide required documents, the complexity of your loan, and the lender's processes. We aim to keep things moving efficiently and keep you informed every step of the way.