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.

Rate does not provide credit counseling or credit repair services.

Depending on the sales price, zero to 5% are the lowest down payment options available. Closing costs and prepaids will add 2% to 4% in addition.

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.

Funds for down payment and closing can come from a variety of sources: gifts, bonuses, 401k, tax refunds, government assistance, seller concessions.

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.

Rate cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe. All dates are estimates and will vary based on all involved parties level of participation at any stage of the loan process. Contact Rate for more information.

The more advance time the better. Work with your loan officer to be completely ready before shopping for a home.

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.

Rate is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government.

Yes. There are time limits for each type of credit event but alternative loans are available.

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.

Yes, we offer a number of loan options for investors for construction loans, flips, rentals, multi-family.

You will need to obtain a divorce decree.