Pre-qualification gives you an idea of what you might be able to borrow based on a quick review of your finances.
Pre-approval is a more thorough review where we check your credit, income, and assets to give you a conditional commitment on the loan amount. Pre-approval strengthens your buying position with sellers.
It depends on the loan type and your financial situation. Many conventional loans require at least 3-5% down, while FHA loans allow as little as 3.5% down. For investment properties or jumbo loans, the down payment may be higher.
Your credit score, loan amount, loan type, down payment, and current market rates all play a role. We’ll help you understand how to qualify for the best possible rate!
Typically, your monthly payment includes:
Yes, most lenders require an independent appraisal to confirm the home’s market value. This protects you and the lender by ensuring you’re not overpaying.
On average, it takes 30 to 45 days to close. The timeline depends on factors like the property, loan type, and how quickly you provide the required documents.
Absolutely! Student loans are considered in your debt-to-income (DTI) ratio. If your income and credit are solid, having student loans shouldn’t stop you from getting a mortgage.
A fixed-rate mortgage has a constant interest rate and monthly payment.
An ARM starts with a lower fixed rate for a set period, then adjusts based on market rates.
Typically, you’ll need
Most people find that mortgage financing is complicated and confusing. We help you buy your dream home by simplifying the mortgage financing process with personalized loan options that save you time and money.
Speedy Financial Group LLC is a trusted mortgage brokerage known for its speed, expertise, and smooth closings—delivering fast, reliable financing solutions with expert guidance every step of the way.
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