Many first-time buyers choose FHA loans because they require lower down payments and have more flexible credit guidelines. Conventional loans are also an option if you have good credit and steady income.

To get pre-approved, you'll provide income, asset, and credit information to a lender. They’ll evaluate your financial profile and give you a pre-approval letter that shows how much you can borrow.

Mortgage rates fluctuate daily based on market conditions, credit score, loan type, and down payment. Contact us directly or check our rate tool to see the most up-to-date rates available in your area.

This depends on your income, credit score, existing debts, and down payment. A good rule of thumb is keeping your mortgage payment below 28% of your gross monthly income. Use our affordability calculator to estimate.

FHA loans are government-backed with easier qualification terms, while conventional loans are not insured by the government and often require higher credit scores but may offer lower monthly costs in the long term.

Yes. You’ll typically need 2 years of tax returns, profit-and-loss statements, and bank records. Lenders focus on your net income and ability to repay, not just your gross income.

A fixed-rate mortgage keeps the same interest rate for the life of the loan. An adjustable-rate mortgage (ARM) starts with a lower rate, but it may increase or decrease after a set period based on the market.

Popular options include SBA 504 loans, conventional commercial loans, bridge loans, hard money loans, and DSCR loans. Each has different uses based on your property type, investment goals, and credit profile.

Yes. Multifamily loans are available through FHA, Freddie Mac, Fannie Mae, and commercial lenders. These can be for duplexes, triplexes, or apartment buildings and often require larger down payments.

A DSCR (Debt-Service Coverage Ratio) loan is used for investment properties and commercial real estate. It qualifies you based on the property’s income rather than your personal income or tax returns.

You can use SBA loans, commercial mortgages, or private lenders. SBA 504 loans are ideal for owner-occupied buildings, while bridge or hard money loans may suit investment flips or fast-close situations.

Yes, though it may be more expensive. Hard money lenders or alternative financing sources may provide short-term loans based on property value instead of credit score.

SBA 504 loans are for purchasing commercial real estate and equipment with fixed, long-term rates. SBA 7a loans are more flexible and can be used for working capital, startup costs, or refinancing existing debt.

Mortgage brokers can offer access to multiple lenders and loan programs, potentially finding you a better deal than a single bank. They also help navigate complex loan requirements.

You can search online for “mortgage broker near me” or “[Your City] mortgage broker.” Look for licensed professionals with positive reviews and experience in your loan type.

Bridge loans are short-term financing solutions used to “bridge” the gap when buying a new property before selling your existing one. They're common in both residential and commercial real estate.

Refinancing involves replacing your current mortgage with a new one—often to get a better rate, lower payment, or change loan terms. You’ll need income verification, a home appraisal, and credit check.

Programs like FHA, VA, and some conventional loans allow down payments as low as 0–3.5%. Qualifications depend on your credit, income, and the loan type.

Yes. Commercial construction loans provide financing for building new structures. They are usually short-term and require detailed plans, permits, and a strong business plan.

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