Even if you think you lack the necessary assets, we encourage you to apply. We’ll explore all available options, including down payment assistance, gifts, and utilizing your 401k. Don’t count yourself out of homeownership!

Assets are items you own that hold monetary value, such as checking and savings accounts, 401k accounts, physical assets (homes, cars, boats, etc.), stocks, and bonds.

A soft credit pull occurs when lenders check your credit score without pulling your full credit report. Checking your own credit through monitoring tools is also a soft pull. These inquiries are listed on your credit report but only visible to you and do not affect your credit score.

A hard credit pull happens when you apply for new credit, such as a credit card or mortgage, giving the lender access to your full credit report. This information helps lenders make lending decisions and assess your credit risk. Hard pulls are visible to creditors and lenders and temporarily lower your credit score by a few points.

90-120 days

Applying with multiple lenders is a smart move to understand your options. Being pre-approved by multiple lenders won’t impact your credit score. Typically, you have a 3 to 4-week window where any mortgage credit pulls will be counted as a single inquiry and won’t further lower your score.

Once you give consent, the lender can perform the inquiry at any time. The exact timing varies, but your loan officer will inform you when a hard credit pull is about to occur.

A soft credit pull does not affect your credit. A hard pull, which happens when you complete the full application, may temporarily lower your credit score by about 5-10 points. Other factors, such as opening a new line of credit, late or missed payments, changes in credit limits, or large purchases, can also affect your credit score.

The down payment amount varies based on the type of loan. Many programs do not require a 20% down payment to become a homeowner. Federal loan programs often have low or no down payment requirements, and we offer various down payment assistance options. Speak with one of our loan originators to see what you qualify for.

Yes, you can still become a homeowner even with a history of bankruptcy. Eligibility depends on factors such as the type of bankruptcy filed, the status of your bankruptcy, how much time has passed since filing, and the type of mortgage you're seeking. Our loan originators will review your situation and explain your options.

Definitely! A rejection from one lender doesn’t mean we will reject you. Let us explore all your options and see how we can help you achieve your dream of homeownership!

Choose a timeline that suits your homeownership journey. We're here to assist whenever you're ready! In the meantime, focus on improving your credit score, reducing debt, and increasing savings to be better prepared when the time comes.