Mortgage Resources

Everything you need to make informed home financing decisions

Helpful Tools

Helpful Guides

First-Time Homebuyer Guide

  • Understanding your budget and down payment options
  • Choosing the right loan program (FHA, Conventional, VA)
  • Navigating the home search and offer process
  • Understanding closing costs and what to expect
Get Personalized Guidance

Refinancing Your Home

  • When is the right time to refinance?
  • Cash-out refinance vs. rate-and-term refinance
  • Calculating your break-even point
  • Streamlined refinance options to save time
Learn About Refinancing

Common Questions

What credit score do I need to buy a home?

Credit score requirements vary by loan type. FHA loans accept scores as low as 580 (or 500 with 10% down), conventional loans typically require 620+, and VA loans are flexible. We can help you find the right program for your situation.

How much do I need for a down payment?

Down payment requirements range from 0% (VA, USDA) to 3-3.5% (FHA, HomeReady, HomePossible) to 5-20% (conventional). Many first-time buyers qualify for low down payment programs.

What is PMI and can I avoid it?

Private Mortgage Insurance (PMI) is required on conventional loans with less than 20% down. VA loans have no PMI, and you can avoid it on conventional loans by putting 20% down or using special programs.

How long does it take to close on a home?

Typical closing timelines range from 30-45 days from contract to closing. With pre-approval and all documents ready, some loans can close faster. We work to make the process as smooth and efficient as possible.

Should I get pre-qualified or pre-approved?

Pre-approval is stronger than pre-qualification. Pre-approval involves verification of your financial information and gives you a more accurate idea of what you can afford, making your offer more competitive.

Still Have Questions?

Get personalized answers from Jimmy Joseph MBA