Home Mortgage Loans

Do I qualify for a loan?

Before you start the qualification process, you need to determine how much house payment you can afford. A house hunter's first step is to set a housing budget, then go shopping for the house and payments that fit the budget. Few things are more frustrating than looking at homes, falling in love with one, and then discovering that you can't afford that particular house.

Even though there are many ways to qualify to buy a home, make sure the monthly payment makes sense for you. A current rule of thumb is that the monthly payment should not be more than 25-33% of gross monthly income. While certain types of loan programs will allow your debt to income ratio to reach 50%, most loan programs will require this ratio to be less than 40%.

By starting the home purchase process this way, you can comfortably shop for your new home and know that each house you see will be one you can buy. This small step makes the entire process much more enjoyable because you walk into each house with the knowledge and confidence that you can afford it.

How can I get started?

Simply call us�toll free at (888) 351-1318 or take two minutes and click here to fill out a short form online , your personal loan officer will contact you to help you get started

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