Your credit score is a big part of the mortgage application. A “good” score falls at 600 and up, the higher the better. If your credit score is low, let’s work together to figure out ways to bring it back up! You can calculate your FICO credit score here. https://www.myfico.com/fico-credit-score-estimator/estimator

You’ll need to provide documentation on your income, assets, credit history, taxes, and anything else that gives us a good picture of your finances. This may include W2s or 1099s, tax returns, bank statements.

These are two different term lengths of a mortgage loan. With a 15-year fixed rate mortgage, you’ll make higher monthly payments, but pay off your loan in half the time. Whereas with a 30-year fixed rate mortgage, you’ll have lower monthly payments but a higher interest rate.

We offer a variety of loan programs to work with your financial profile and preferences. Contact one of our loan officers today at 703-239-7700 or email us at Rjubiz@citylendinginc.com to explore your options!

We want you to get the keys to your new home as soon as possible! If all documentation is in order and there are minimal to no setbacks, we can close in as little as 30 days.

Not all loans require 20% down. There are programs like the FHA Loan Program that puts donations and grants towards your down payment. Veterans can finance up to 100% of your mortgage with the VA Loan Program. Contact one of our loan officers today at 703-239-7700 or email us at Rjubiz@citylendinginc.com to apply.

No! And getting prequalified for your mortgage before you find a home may actually make you a more competitive buyer. Contact one of our loan officers today at 703-239-7700 or email us at Rjubiz@citylendinginc.com to get pre-qualified.

Your monthly mortgage payment depends on a number of factors: your term length, mortgage type, down payment, property appraisal, credit score, etc. You can get an estimate of what your payment might look like with a mortgage calculator. https://www.mortgagecalculator.org/

When you own a home, your monthly payments are going towards your mortgage, and you’ll eventually pay off your house, versus paying rent indefinitely on a place that you’ll never own. Homeownership gives you: Total control of the property Ability to renovate and design to your preferences Increase equity and market value with renovations Tax deductible

A loan officer is an agent that helps you throughout the financial process, selection of loan program, and loan processing. A Realtor focuses on the acquisition/sales of a property and isn’t involved directly in the loan negotiation process.