Mortgage Information & Tools

Affordability depends on your income, debt, credit score, and down payment. A lender can provide a personalized pre-approval to determine your true purchasing power.

Most conventional loans prefer a score of 620 or higher, while FHA loans may allow lower scores. Higher credit scores typically result in better interest rates.

Closing costs generally range from 2–5% of the purchase price and may include lender fees, title fees, prepaid taxes, and insurance.

Private Mortgage Insurance (PMI) is typically required when putting less than 20% down on a conventional loan. It protects the lender and is included in your monthly payment.

Many lenders can issue a pre-approval within 24–72 hours once required documents are submitted.

Yes. Some loan programs allow down payments as low as 3–5%, and certain government-backed loans may offer even lower options for qualified buyers.