Yes, there are several bond programs that offer low or no down payment options. We also have 100% financing choices that are not bond programs and do not require you to be a first-time homebuyer.

The Truth in Lending Act (TILA) requires that at least seven (7) business days pass from the date you sign your initial disclosures before a loan can close. Most lenders take about 30 days because third-party services such as the appraisal, title work, and credit report are part of the process. Because we have many years of experience, we have closed loans in as little as seven days, many times. We work hard to meet every closing date, because closing on time matters to our borrowers, and our borrowers matter to us. Let us know how quickly you need to close and we will do our best to make it happen.

Most of our clients like to get the lowest payment and the least amount of cash to close. We typically suggest which program will best accomplish this, but the choice is always yours.

The best way to know if you qualify is to speak with a qualified mortgage professional. We have helped many clients who were unsure whether they could qualify to become homeowners. We take the time to understand your financial situation and long-term goals, then match you with the loan program that fits your needs. Your approval can also depend on the price of the home you are financing. Getting pre-qualified before you start your home search will give you a clear idea of what you may be able to afford.

There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.

Homeowners typically refinance to save money or pull cash out or sometimes to reduce the loan term. Refinancing can convert an adjustable-rate loan to a fixed-rate loan, consolidate debts, or allow you to pull cash out for any purpose, including paying off high-interest consumer debt.

We have several no money down options. There is no one size fits all answer to your down payment. It depends on the price of the home and the type of financing you choose. Based on the program, your down payment could be 0 percent, 3 percent, or up to 20 percent or more. The choice depends on your goals and what you can qualify for.

You may still qualify for a home loan even after a bankruptcy. In fact, we have programs that allow financing while you are in an active bankruptcy, and others that are available as soon as one day after discharge. The best way to know where you stand is to speak with us so we can review your options together. We will evaluate your situation and match you with the program that best fits your needs.

Interest rates change throughout the day, and they tend to rise faster than they fall. If you see a favorable rate, it is often wise to lock at application to protect your payment and avoid surprises later. We personally always lock the same day we go into contract when we buy a home. The choice is always yours and no one can predict rates. Historically they go up a lot faster than they come down. So we always encourage locking as soon as possible.