3 Easy Steps to Getting Pre-Approved
Start with a consultative call with one of our experienced loan officers. We’ll discuss your financial goals, explain loan options, and help determine what you may qualify for. This initial conversation sets the foundation for a smooth home-buying process.
Next, fill out a loan application and provide the necessary documents, such as income verification and bank statements. Our team will guide you through the requirements to ensure accuracy and completeness, making the approval process seamless.
With your pre-approval in hand, you’re ready to start house hunting! Knowing your budget gives you the confidence to explore homes, attend open houses, and make competitive offers. We’re here to support you every step of the way. Let’s find your dream home!
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While credit score requirements vary depending on the loan program and lender, a minimum score of 620 is typically needed for a conventional loan. However, FHA loans may accept lower scores, around 580. It’s best to consult with a mortgage loan officer to determine your eligibility and discuss options based on your credit score.
A fixed-rate mortgage has a consistent interest rate and monthly payment throughout the life of the loan, offering stability and predictability. An adjustable-rate mortgage (ARM) has an interest rate that can change periodically, usually after an initial fixed-rate period, causing monthly payments to fluctuate. Discussing your financial situation and goals with a mortgage loan officer can help determine which option is best for you.
Down payment requirements vary depending on the loan program and your financial situation. Conventional loans typically require a down payment of 5-20%, while FHA loans can be as low as 3.5%. Some programs, like VA and USDA loans, may even offer zero down payment options. It’s important to speak with a mortgage loan officer to explore available programs and determine the appropriate down payment for your specific circumstances.
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1731 E Roseville Pkwy #140, Roseville CA 95661
Main (888) 506-6998 / Local (916) 907 9699 / Fax (916) 866-8843
info@nuvisionlending.com
This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. NuVision Lending Corp is an Equal Opportunity Lender and an Equal Housing Lender. NMLS 2569497/DRE 02239937.
