-Answer: We offer a variety of mortgage loan options, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, VA loans, and jumbo loans.
-Answer: The upfront costs and fees typically include an application fee, appraisal fee, origination fee, credit report fee, and other third-party fees. On average, these fees can range from 2% to 5% of the loan amount.
-Answer: Our average closing time is around 30 to 45 days from the date of application. However, this timeframe can vary based on the complexity of the loan and other factors.
-Answer: We do not charge any prepayment penalties on our mortgage loans, allowing you to pay off the loan early without incurring any additional fees.
-Answer: Yes, upon receiving your mortgage application, we will provide you with a Loan Estimate (LE) within three business days. The LE will detail all the costs, terms, and estimated monthly payments associated with the loan.
-Answer: Yes, we offer rate locks to protect you from interest rate fluctuations during the loan process. The rate lock period is typically 30 to 60 days, and there might be a fee for extending the rate lock beyond the initial period.
-Answer: Our minimum credit score requirements can vary depending on the loan type. For conventional loans, we generally require a minimum credit score of 620, while FHA and VA loans may have more flexible credit score requirements.
-Answer: For the loan application, you will need to provide documents such as your ID, pay stubs, tax returns, bank statements, and other financial information. A complete list of required documents will be provided to you upon application.
-Answer: Absolutely! Our loan officers will guide you through the various mortgage terms and options, explaining their features and benefits to help you make an informed decision that best suits your financial situation and goals.