Financial Resources & Tools

Pre-qualification is an estimate based on self-reported information, while pre-approval involves verification of your financial documents and a credit check, making it much stronger when making an offer.

It depends on the loan type. FHA loans require as little as 3.5%, conventional loans can be as low as 3%, and VA loans offer $0 down for eligible veterans. However, 20% down helps you avoid PMI.

Private Mortgage Insurance (PMI) is required on conventional loans with less than 20% down. You can avoid it by putting 20% down, using a VA loan, or choosing a piggyback loan structure.

Higher credit scores typically qualify for lower interest rates. Even a small difference in rate can save thousands over the life of your loan. We work with borrowers across the credit spectrum.