Loans Made Simple. Dreams Made Real.

The amount you can can qualify and you can afford depends on several factors, including your income, existing debts, credit score, current living situations and expenses. A loan officer like Lorraine Paredes can help you navigate scenarios and examine these factors to determine a comfortable price range through a pre-approval process.

Start by determining what you currently have or will have as soon as far as savings, retirement accounts, gifts, and maybe even the sale of your current home. While most individuals prefer minimum down payment, it's not necessarily for everyone’s loan scenario. Down payment requirements vary significantly depending on the loan program. Some programs, like VA and USDA loans, may require no down payment, while FHA loans can be as low as 3.5%. Conventional loans can be required anywhere from 3% to 20% or more.