Mortgage Approval

No. Lenders have products that allow 100% financing on homes (VA loans), 3.5% minimum down (FHA Loans) and 3-5% minimum down (conventional financing). A pre-approval application will show you what options are available.

Lenders will look back 2 years so you will need proof of income to show that you can consistently repay your home loan.

There are a variety of loan types available at differing interest rates and down payment requirements. You will need some positive items on your credit history at least.

When closing on a home, you’ll need cash on hand for lender fees, inspection fees, attorney fees, and property taxes.