Resources & Articles
Educational guides to help you understand the mortgage process, explore your options, and make informed decisions.
First-Time Homebuyer? Here's What Happens From 'Let's Talk' to Keys in Hand
Buying your first home feels huge. Here's a step-by-step guide to what happens from your first conversation with your loan officer all the way to closing day.
Self-Employed and Buying a Home: What Lenders Really Look At
If you're self-employed, you've probably heard it's harder to get a mortgage. Here's what lenders actually review and how to position yourself for approval.
Refinancing 101: When It Makes Sense (and When It Doesn't)
Refinancing can lower your payment, shorten your term, or help you access cash. But it's not always the right move. Here's how to decide.
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View CalculatorsFrequently Asked Questions
How do I get pre-approved for a mortgage?
Getting pre-approved starts with a conversation with a mortgage broker like Julie. You'll provide financial information (income, assets, debts), and Julie will review your credit and determine how much you can borrow. This gives you a clear budget and makes you a stronger buyer in competitive markets.
What credit score do I need to buy a house?
Credit score requirements vary by loan type. For FHA loans, the minimum credit score for 3.5% down is 580, but lower credit is accepted if you have 10% or more to put down. For conventional loans, there is no longer a minimum credit score requirement, but other positive factors are considered. VA loans have more flexible requirements. Julie can help you understand what's possible with your current credit score.
How much down payment do I need?
Down payment requirements depend on the loan program. VA and USDA loans offer 0% down options. FHA loans require 3.5% down. Conventional loans can be as low as 3% (or even 1% for qualified borrowers). Julie can help you explore down payment assistance programs too.
How long does the mortgage process take?
Typically, the mortgage process takes 30-45 days from application to closing. This includes underwriting, appraisal, and final approval. Julie works to keep things moving smoothly and communicates clearly throughout the process.
Can I buy a house if I'm self-employed?
Yes! Self-employed borrowers have options. Julie specializes in helping business owners, freelancers, and contractors navigate mortgage approval. Bank statement programs and flexible income documentation may be available depending on your situation.
What's the difference between pre-qualification and pre-approval?
Pre-qualification is a quick estimate based on basic information you provide. Pre-approval is more thorough—Julie reviews your credit, verifies income and assets, and gives you a conditional commitment for a specific loan amount. Pre-approval is stronger when making offers.
Should I refinance my mortgage?
Refinancing makes sense if you can lower your interest rate, reduce your monthly payment, shorten your loan term, or access home equity. Julie can analyze your current mortgage and market rates to determine if refinancing benefits you.
What are closing costs?
Closing costs are fees paid at closing, typically 2-5% of the loan amount. They include lender fees, title insurance, appraisal, and other third-party services. Julie explains all costs upfront so there are no surprises.
Can I use gift money for my down payment?
Yes, gift funds are allowed for most loan programs. The gift must come from a family member or other approved source, and proper documentation is required. Julie can guide you through the gift letter process.
What loan program is right for me?
The best loan program depends on your credit score, down payment amount, property type, and financial goals. Julie offers FHA, VA, Conventional, USDA, Jumbo, and specialized programs. She'll review your situation and recommend the best fit.
Have more questions? Check out our Ask Julie blog or contact Julie directly.