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Each loan program has different minimum credit score requirements. Visit with a mortgage loan originator first.
Ensure all monthly obligations are paid on time every month. Keep credit card balance <25% of credit limit. Do not open multiple credit cards or make large purchases if you are serious about purchasing a home in the near future.
A pre-qualification letter can be issued with 24 to 48 hours after completed application and requested documentation received.
A purchase transaction can close within 30 days of an executed purchase agreement.
No, visit with a mortgage loan originator first. Your mortgage loan originator will determine if any obligations should be paid off.
The wholesale market can offer a wide array of loan programs, lower overall cost to borrowers and more competitive interest rates.