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  • Can I qualify with poor credit or no credit scores?
    We do offer loan programs with no credit requirements; however, they are more expensive. I prefer to make recommendations to improve your credit score within a few months.
  • How much money do I need for a mortgage loan?
    Depending on the sales price, zero to 5% are the lowest down payment available. Closing costs and prepaids will add 2% to 4% in addition.
  • If I have a new job, can I qualify?
    Yes you can provided that the job history for 24 months can be verified. The job history can be used from foreign countries.. Education and training can count for job history requirements.
  • If I am short of funds, what resources are available?
    Funds for down payment and closing can come from a variety of sources: gifts, bonuses, 401k, tax refunds, government assistance, seller concessions.
  • How long does the loan process take?
    Once you are pre-qualified for a mortgage loan, the process can take 3 to 4 weeks to close for traditional loans. Brokered loans take another 2 weeks.
  • How soon should I start the buying process?
    The more advance time the better. Work with your loan officer to be completely ready before shopping for a home.
  • What is the difference between Conventional and FHA loans?
    Conventional loans are the traditional loans with higher down payment and strict guidelines. FHA loan program was created with flexible credit guidelines, lower down payment and higher debt to income ratios in order to help more people to qualify.
  • Can I get a mortgage loan after Bankruptcy or Foreclosure?
    Yes. There are time limits for each type of credit event but alternative loans are available.
  • What mortgage loans are available for Self-Employed?
    Conventional and FHA loans are available. Income is based on net income for the company. However, if income reported in tax returns is insufficient, there are alternative loans such as bank statement loans.
  • Can I invest in real estate?
    Yes, we offer a number of loan options for investors for construction loans, flips, rentals, multi-family.
  • If recently divorced, can I qualify?
    You will need to obtain a divorce decree.

Have questions? 
Don't hesitate to contact Marcos via call or text: 469-688-2818 

A Simplified Application Process with Canopy Mortgage

Our user-friendly application makes the loan process quick and hassle-free. Easily upload documents from your phone, tablet, or computer and track your loan progress in real time, 24/7. With a fast and efficient system, managing your application is seamless, saving you time and ensuring you close on time—every time.

Have a question? Don't hesitate to call or text Marcos at 469-688-2818

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Marcos Rincon, Branch Manager/RMLO, NMLS #829883

Branch Phone (877) 426-5500

6275 W. Plano Pkwy

Suite 500

Plano, TX 75093

Branch NMLS #2608577

POWERED BY CANOPY MORTGAGE, LLC NMLS ID 1359687
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All loans subject to credit and property approval.

Consumers wishing to file a complaint against a banker or a residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

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