What is the minimum credit score required for an FHA loan?

Most lenders require a minimum credit score of 580 for an FHA loan with a 3.5% down payment. Borrowers with scores between 500 and 579 may qualify with a 10% down payment.

Do VA loans have a down payment requirement?

Most VA loans do not require a down payment, allowing eligible veterans, active-duty service members, and surviving spouses to buy a home with 100% financing.

Can self-employed borrowers qualify for a mortgage?

Yes. Self-employed borrowers can qualify using bank statement or profit and loss (P&L) loan programs, which verify income based on deposits instead of tax returns.

Do you offer mortgage loans for borrowers with an ITIN?

Yes. ITIN loans are designed for borrowers who file taxes using an Individual Taxpayer Identification Number and want to purchase or refinance a home.

¿Cuál es el puntaje de crédito mínimo para un préstamo FHA?

La mayoría de los prestamistas requieren un puntaje de crédito mínimo de 580 para un préstamo FHA con un pago inicial del 3.5%. Los prestatarios con puntajes entre 500 y 579 pueden calificar con un pago inicial del 10%.

¿Los préstamos VA requieren pago inicial?

La mayoría de los préstamos VA no requieren pago inicial, lo que permite a los veteranos elegibles, miembros activos y cónyuges sobrevivientes comprar una casa con financiamiento del 100%.

¿Los trabajadores por cuenta propia pueden calificar para una hipoteca?

Sí. Los trabajadores por cuenta propia pueden calificar usando programas de préstamos basados en estados de cuenta bancarios o P&L, que verifican ingresos según depósitos en lugar de declaraciones de impuestos.

¿Ofrecen préstamos hipotecarios para personas con número ITIN?

Sí. Los préstamos ITIN están diseñados para prestatarios que presentan impuestos con un Número de Identificación Personal del Contribuyente y desean comprar o refinanciar una casa.

TX mortgages : TX mortgage rates and home loans Q&A

Frequently Asked Questions

?? General Mortgage FAQs

Q1: What types of mortgage loans do you offer?

A1: I offer Conventional, FHA, VA, USDA, Jumbo, and Non-QM loan programs, as well as options for first-time buyers, investors, and self-employed borrowers.

Q2: How do I know which loan is right for me?

A2: I’ll review your goals, credit, and income to recommend the best loan program with the lowest possible rate and payment for your situation.

Q3: How much do I need for a down payment?

A3: Down payment requirements vary — some programs allow as little as 0% down (VA, USDA) or 3% down for first-time homebuyers using Conventional or FHA loans.

Q4: How long does it take to close a loan?

A4: Most loans close within 21–30 days, depending on how quickly documents are provided and the type of loan.

Q5: What credit score do I need to qualify for a mortgage?

A5: Generally, a 620 credit score or higher is preferred for Conventional loans, but FHA loans may allow scores as low as 580.

?? Rates, Costs, and Pre-Approval

Q6: How do I get pre-approved for a mortgage?

A6: Simply complete a quick online application or call me directly. I’ll review your credit, income, and assets to issue a pre-approval letter — usually the same day.

Q7: What factors affect my mortgage rate?

A7: Rates depend on credit score, loan type, down payment, and market conditions. I always shop for the most competitive rate available for your profile.

Q8: Are there closing costs?

A8: Yes, closing costs typically range from 2–5% of the loan amount. In some cases, sellers or lenders can help cover those costs.

Q9: Does getting pre-approved affect my credit?

A9: A pre-approval involves a soft or single hard inquiry, which has little to no impact on your credit score.

?? Special Programs and Situations

Q10: Do you work with first-time homebuyers?

A10: Yes! I offer special programs with low down payments, down payment assistance, and lender credits designed to help first-time buyers succeed.

Q11: Can you help investors or self-employed borrowers?

A11: Absolutely. I provide DSCR loans for investors and bank statement loans for self-employed borrowers who may not qualify with traditional income documentation.

Q12: Do you offer refinancing options?

A12: Yes, I can help you refinance to lower your rate, shorten your term, or access your home’s equity through a cash-out or HELOC.

Q13: Can I buy a home if I’ve had a bankruptcy or foreclosure?

A13: Yes, depending on how much time has passed. Many loan programs allow financing after 2–4 years with re-established credit.

?? Process & Customer Experience

Q14: What documents do I need to apply for a mortgage?

A14: You’ll typically need pay stubs, W-2s or tax returns, bank statements, and a copy of your ID. I’ll provide a simple checklist to make it easy.

Q15: Do you work with real estate agents?

A15: Yes, I collaborate closely with realtors to ensure smooth transactions and on-time closings for all buyers and sellers.