Do I need 20% down?
Not always. Eligible conventional programs may offer lower down payments, while qualifying VA and USDA transactions may require no down payment. Eligibility and costs vary.
Can I qualify if I am self-employed?
Yes, eligible borrowers may use traditional documentation or programs such as bank statement and P&L loans. The lender must evaluate the applicable qualifying information.
How much can I borrow?
Your qualifying income, debts, credit, down payment, property and program determine the amount. Contact Rocio for a personalized review.
When does refinancing make sense?
Compare costs and potential benefits using your balance, current terms, proposed loan and expected time in the property. A lower payment may come from a longer term and increase total interest.
What is the difference between a HELOC and a second mortgage?
A HELOC usually offers revolving access during a draw period. A closed-end second generally provides a lump sum with a separate repayment schedule. Both are secured by the home.
Where do I apply?
Use the Apply Now button to open the existing secure application portal. Contact Rocio if you need help choosing a program.
Can I use these loans for an investment property?
Some programs allow investment properties, while FHA, VA and USDA occupancy requirements generally focus on primary residences. DSCR programs are specifically designed for eligible investment properties.