Turn Your Home Ownership Dream Into Reality

To qualify for a mortgage, lenders typically look at factors such as your credit score, income, employment history, debt-to-income ratio (DTI), and down payment. The exact requirements vary depending on the loan type and lender

The down payment requirement depends on the loan program. Conventional loans usually require 5-20%, FHA loans require as little as 3.5%, and VA/USDA loans may offer zero down payment options for eligible borrowers.

A fixed-rate mortgage has a constant interest rate and monthly payments for the entire loan term, providing stability. An adjustable-rate mortgage (ARM) has a lower initial rate but can change periodically, based on market conditions.

Your credit score impacts your loan eligibility, interest rate, and terms. Higher credit scores generally qualify for lower interest rates, while lower scores may require higher down payments or result in higher interest rates.

Closing costs are fees associated with finalizing your mortgage, including appraisal, title insurance, lender fees, and more. They typically range from 2% to 5% of the home’s purchase price.

Would you like me to add these FAQs to your website in a more structured format? Let me know if you need additional questions tailored to your audience!