Great question! The amount you’ll need depends on the type of loan you choose. While 20% is a common benchmark, many loan programs allow for much less. For example, FHA loans often require as little as 3.5%, and VA loans may not require a down payment at all! Don’t worry—our team will help you find the best option for your situation.
Good question! Pre-qualification is an estimate of what you might qualify for based on basic financial info, while pre-approval is a more in-depth process where a lender verifies your finances and provides a conditional loan approval. Pre-approval is stronger and makes you a more competitive buyer when making an offer on a home.
Every situation is a little different, but most mortgage processes take about 30–45 days from start to finish. This can vary depending on factors like how quickly documents are submitted and the type of loan you’re getting. Don’t worry—we’ll guide you every step of the way and keep you informed throughout the process!