Homebuyer series
How do I become a homeowner?
9:47 mins
What are my mortgage options when buying a home?
5:57 mins
What is the mortgage process when buying a home?
4:44 mins
What is the mortgage closing process when buying a home?
3:02 mins
Tips for a successful purchase process
4:59 mins
What is a credit score and how do I build good credit?
4:51 mins
Refinance series
What is a refinance and when is it a good time to refinance my mortgage?
3:09 mins
What are my mortgage options for a refinance?
5:47 mins
What is the process to refinance my mortgage?
3:24 mins
What is the closing process when refinancing my mortgage?
2:56 mins
Tips for a successful refinance
5:25 mins
Credit series
What not to do when trying to qualify for a mortgage
2:53 mins
Understand your credit score - Payment history
1:51 mins
Understand your credit score - Credit utilization
1:29 mins
Understand your credit score - Length of credit history
4:42 mins
Understand your credit score - New credit
1:19 mins
Understand your credit score - Mix of credit
1:01 mins
Why are my credit scores different when a lender pulls credit?
2:36 mins
Why Equifax, Experian and Transunion have different scores?
3:04 mins
Quit freaking out about your lender pulling credit
1:43 mins
How a divorce impacts your credit score
1:47 mins
Why paying collections can hurt your credit score
2:24 mins
Life after bankruptcy - Rebuilding credit
2:19 mins
Understanding the MOP rating system - How to read a credit report
2:26 mins
Conventional
For homebuyers who have a down payment of at least 3% and credit score of at least 620, the conventional mortgage is a low cost option to finance your home.
Minimum down payment: | 3% (varies by loan purpose) |
Minimum credit score: | 620 |
Maximum debt-to-income: | 50% |
Maximum loan size: | $647,200 (varies by state) |
Jumbo
For borrowers who need to finance more than the maximum loan size allowed by the conventional mortgage program, the jumbo program is a great option.
Minimum down payment: | 10% (varies by loan purpose) |
Minimum credit score: | 620 |
Maximum debt-to-income: | 50% |
Maximum loan size: | $3,000,000 |
Mortgage insurance is not required.
Safe Rate Mortgage (private beta)
Reduces your rate if your home value falls or credit score improves
Lower monthly payments than a conventional loan with mortgage insurance
Can use as the entire mortgage or as a second loan in combination with a conventional mortgage
Minimum down payment: | 5% (varies by loan purpose) |
Minimum credit score: | 680 |
Maximum debt-to-income: | 50% |
Maximum loan size: | Varies |
Have questions?
Call: (312)248-0234