FAQ & Resources

We can typically complete most conventional home purchases in as little as 3-14 days from when you sign the purchase contract to when your loan is funded. Loans like VA and FHA may take a bit longer, usually around 30 days, due to their complexity.

We totally can! With this option, you can come to closing without bringing any money. There are no additional costs since your loan-to-value ratio covers all the financed expenses.

We can lock in your loan rate on the same day as our first discussion. As long as we receive all required documents by the cutoff time and you meet the loan requirements, we can secure your rate. Rates fluctuate similar to the stock market, so the sooner we get your documents, the sooner we can lock in your rate. Additionally, we offer rate locks for up to 90 days.

The minimum down payments are:

• 3.5% for FHA loans
• 5.0% for Conventional loans
• 10% for Jumbo loans

These percentages may vary based on factors like loan amount and credit scores. Additionally, your payment might include mortgage insurance based on these percentages.

The interest rate represents the annual cost of borrowing money and is expressed as a percentage. It doesn't include fees or additional charges associated with the loan. On the other hand, the annual percentage rate (APR) provides a more comprehensive view of borrowing costs. It encompasses the interest rate along with points, mortgage broker fees, prepaid interest, and other expenses related to obtaining the loan. As a result, the APR is typically higher than the interest rate

A point represents a percentage of the loan amount, where 1 point equals 1% of the loan. For instance, one point on a $100,000 loan equals $1,000. Points are expenses paid to a lender to secure mortgage financing under specific terms. Discount points are fees aimed at reducing the interest rate on a mortgage loan, while origination points cover the lender's fees or profit. Lenders might also express costs in terms of basis points, which are hundredths of a percent. For example, 100 basis points equals 1 point, or 1% of the loan amount.