A mortgage broker works with multiple lenders to help you find a loan that fits your financial goals. Unlike a bank that only offers its own products, a mortgage broker can compare options from several lenders to help you secure competitive rates and terms.
Banks offer only their own loan products. A mortgage broker has access to multiple lenders, giving you more financing options and the opportunity to compare rates, fees, and loan programs.
Your affordability depends on factors such as your income, monthly debts, credit score, down payment, and current interest rates. Contact us for a personalized estimate or use one of our mortgage calculators.
Down payment requirements vary by loan program. Some conventional loans allow as little as 3% down, FHA loans require as little as 3.5% down for qualified borrowers, and USDA and VA loans may offer eligible borrowers the option of no down payment.
Minimum credit score requirements vary by lender and loan program. While higher credit scores generally qualify for better loan terms, there are financing options available for many borrowers with less-than-perfect credit.
In addition to your down payment, you may pay closing costs, prepaid taxes and insurance, appraisal fees, title fees, and other lender-related costs. We'll provide a Loan Estimate so you know what to expect.
Yes. Depending on your situation, you may qualify for a bridge financing program that allows you to leverage the equity in your current home to help purchase your next home before your existing home is sold.
