A better credit score can mean a better interest rate and terms for your loan. There are a lot of factors that go into the score calculation. Call us to discuss ways you can build your credit score before you begin the mortgage process.

PMI is largely affected by your credit score. The higher your score, the more options you have. For lower scores an FHA loan may be your best choice.

Lenders require that you escrow unless your down payment amount on a home purchase is greater than 20% of the purchase price.
Your debt ratio should be under 43% for a conventional loan and under 45% for a FHA loan. These amounts can vary slightly if the borrower has compensating factors such as a very high credit score or considerable assets.
You should allow at least 30 days from start to finish. Call us to talk about your specific situation today!