Empowering Your Path to Homeownership

Carlos Urbina, Navy Veteran

Mortgage Loan Originator | NMLS #2280359

C: 469-734-3467

[email protected]

Daily Mortgage Rates

Disclaimer:

These rates are daily trending averages.

Contact me for your specific scenario and quote.

FAQs / Common Questions

Should I Contact a Lender or a Realtor First?

Starting your homebuying journey with a lender is the best approach. This allows you to understand how much home you can afford and have a pre-approval ready, making your offer more competitive.

What If I Have Little to No Assets?

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!

What Are Assets?

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.

What’s the Difference Between a Hard and Soft Credit Pull?

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.

How Long is a Credit Pull Valid?

90-120 days

Will Applying with Multiple Lenders Hurt My Credit?

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.

When Does the Full Credit Pull Happen During the Application Process?

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.

How Much Will a Credit Pull Affect My Credit?

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.

How Much Money Do I Need for a Down Payment?

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.

Can I Still Apply for a Mortgage with a Bankruptcy?

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.

Should I Apply with You If Another Lender Already Rejected Me?

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!

I’m Not Ready Yet – How Can I Prepare for the Future?

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.

What Customers Say About Us

Equal Housing Opportunity © 2024 Apache Mortgage Inc, 14098 Edwards St, Westminster, CA 92683, 949-298-2980. NMLS ID # 2454357 DRE # 02209550 & 02031005. For licensing information go to www.nmlsconsumeraccess.org. Trade/service marks are the property of Apache Mortgage Inc and/or its subsidiaries or affiliates. Information is intended solely for mortgage bankers, mortgage brokers, and financial institutions. For more information, review Apache Mortgage Inc's state licenses and important notices. Co-op loans not available. Some products may not be available in all states. Information, rates and pricing are subject to change without prior notice at the sole discretion of Apache Mortgage Inc, Mortgage Broker. All loan programs are subject to borrowers meeting appropriate underwriting conditions: income, employment, liabilities, credit, and property eligibility. This is not a commitment to lend. Other restrictions apply. [05-2024]

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