Frequently Asked Mortgage Questions

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How do I get started with a mortgage?

How can I determine what mortgage amount I will qualify for?

What is the difference between prequalification and a pre-approval?

Do you deal with borrowers who have less-than-perfect credit?

Can I get a loan if I'm not a U.S. citizen or if I live outside the country?

How will I find out about my loan application?

How long does it take to obtain loan approval?

How can I change the information I submitted on my application?

I have to close quickly. How can I speed up the loan approval process?

How long will it take to close on my home loan?

Can I have my mortgage payment deducted automatically from my checking or savings account each month?

What is the minimum down payment required by a lender in order to eliminate PMI?

How do construction loans work?

Have a question, need a fast answer? search here:

How do I get started?
It's simple. Select one of our online loan applications above and complete the form. It takes about 10 minutes to complete the form.

How can I determine what mortgage amount I will qualify for?
Based on your income, your current debts and estimated down payment, we can help you determine the maximum mortgage amount for which you could qualify within minutes. You can complete our online Prequalification Form, or call us and speak with a mortgage professional.

What is the difference between prequalification and a pre-approval?
A mortgage loan prequalification is the result of information shared between a mortgage lender and a potential mortgage borrower and usually does not incorporate information obtained from a credit report. Therefore, a prequalification is an "around" estimate of the maximum mortgage amount for which you may qualify. There is no cost or commitment on behalf of either party for a prequalification analysis.

A mortgage loan pre-approval is arrived at after reviewing a mortgage application and a credit report examination. On request,we will gladly send you, or your realtor, a letter indicating that you have been pre-approved for a mortgage. You can typically apply for a pre-approval mortgage prior to signing a purchase agreement for a home. A pre-approval can also add to your negotiating strength when you are ready to make an offer on a home.

Do you deal with borrowers who have less-than-perfect credit?
Yes. We work with borrowers with perfect credit and poor credit.

Can I get a loan if I'm not a U.S. citizen or if I live outside the country?
Yes. As long as the property you are buying or refinancing is in the United States.


How will I find out about my loan application?
We will contact you with a decision based on the information you provided.

How long does it take to obtain loan approval?
Depending on your credit history, down payment and the loan type, we may be able to obtain an approval for your mortgage in as little as one hour or as long as two days.

How can I change the information I submitted on my application?
Once your application is submitted, you may contact us by e-mail, telephone, or fax or by writing us a note on our "Contact Us" page.

I have to close quickly. How can I speed up the loan approval process?
You can speed up the process by responding as quick as possible with any documents that we may need like W2s, last two pay stubs, last 2 bank statements.

How long will it take to close on my home loan?
Typically, 30-60 days from purchase contract and application to closing. However, we can facilitate closing 2 to 3 weeks after you have applied for a mortgage and agreed on a purchase contract for a home. If you need more time, you can take as long as you need. The timeframe will vary depending on the transaction itself.

Can I have my mortgage payment deducted automatically from my checking or savings account each month? Usually, after closing your mortgage loan, you will have the option of enrolling in an automatic mortgage payment program. You may be asked to provide an authorization form with a voided check or savings account slip attached to set up the draft. The payment is debited on a preset day each month.

What is the minimum down payment required by a lender in order to eliminate PMI?
Typically, on a primary residence, the minimum down payment to eliminate PMI is 20%. If you are putting less than this down, but wish to avoid PMI, there are alternative products and pricing options offered in lieu of PMI. Your Loan Officer will be able to with this.

How do construction loans work?
Typically, a construction loan is an interim loan while the dwelling is being constructed. The funds are usually disbursed throughout the construction period and replaced with permanent financing (mortgage) once the construction is completed.

We will gladly e-mail you more information in an easy to read question and answer format that will help you clear any questons that you have, contact us.