Rates change daily. Sometimes even more than once a day! Rates also depend on the type of loan, your credit score, the amount of the loan, and other factors.

Sorry. We know you’d like a more straightforward, easy answer. But we promise we can get you the answer your looking for quickly with just a bit of information!

We recommend leaving at least a month between making an offer and closing. This allows time for all the paperwork and government mandated disclosure periods as well as things like an appraisal.

Total costs can vary. There are certain fixed costs like processing fees, appraisal fees, etc that can come to roughly $4-7,000. You’ll also need to pre-pay taxes, insurance and interest which will vary depending upon the size of your loan and the timing of closing.

In many circumstances, much of this can be included in your loan amount which reduces your out of pocket cost. It’s up to you and we’ll work with you to come up with the best plan.

There is certain pretty standard documentation such as proof of income, lender information, sales contract, etc. You can find a standard checklist here.

But no loan or situation is always the same so there are often a few additional things specific to you that a lender may ask for. We’ll work with you to make sure your loan package is complete and all parties have what they need for a hassle-free closing.

We can figure this out quickly together! The important thing is that we get you financed for a great home without over-extending you so that your payment represents a financial burden.

There’s an old rule of thumb that your entire home payment including taxes and insurance should not exceed 28% of your gross income. But it varies depending upon lots of things. We’ll talk you through it!