Mortgage requirements vary by loan type, but generally, a credit score of 580 or higher will qualify you for FHA loans. Other loan types, such as conventional loans, typically require a higher score of 620 or more.

The required down payment depends on the loan type. Conventional loans typically require 3-20%, while FHA loans start as low as 3.5%. VA and USDA loans may offer no down payment options.

Pre-qualification gives you an estimate of how much you might qualify for based on basic financial information, while pre-approval involves a deeper review of your finances and is a stronger commitment from the lender.

The mortgage process typically takes 14-30 days from application to closing, depending on factors like loan type, documentation, and the complexity of the transaction.

Closing costs typically range from 2-5% of the loan amount and include fees for the loan, appraisal, title, and more. We’ll give you a detailed breakdown during the process.

Yes, as long as your debt-to-income (DTI) ratio meets the lender’s guidelines. This ratio compares your monthly debt payments to your income and helps determine your mortgage eligibility.

Your interest rate will determine how much you pay over the life of the loan. A lower rate reduces your monthly payment and total interest paid, while a higher rate increases both.

You’ll typically need recent pay stubs, tax returns, bank statements, and proof of any other income or assets. Exact documentation may vary based on your loan type.

A fixed-rate mortgage offers stability with consistent payments, while an adjustable-rate mortgage (ARM) starts with a lower rate that may adjust over time. We can help you decide based on your financial goals.

Yes, you can lock in your interest rate during the mortgage process to protect yourself from rate increases while your loan is being processed.