Frequently Asked Questions

Finding the right mortgage often brings up many questions, and I am here to provide the clear answers you need. If your specific concern isn’t covered in the FAQs below, please reach out for personalized guidance.

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Getting Started

How do I know

if I'm ready to buy?

You're likely ready if you have stable income, some savings for a down payment and closing costs, and you're planning to stay in one place for at least a few years. If you're unsure, reach out and we can talk through your situation together.

What's the first step in

buying a home?

Secure a pre-approval before browsing listings to establish a clear budget and strengthen your offers in a competitive market.

Ready to take that first step? Let's talk.

Get Pre-Approved

Should I get pre-approved before finding a real estate agent?

While either order works, I recommend getting pre-approved first to define your budget, and I am happy to connect you with trusted local agents to help focus your search.

Pre-Approval Questions

Pre-qualification versus pre-approval: differences?

Pre-qualification is an informal estimate, while pre-approval verified by documentation offers credibility.

How long does pre-approval take?

Usually 24-48 hours once I have your complete documentation. If you're responsive and organized, it can go even faster

How long is a pre-approval valid?

Most pre-approvals are good for 60-90 days. If yours expires before you find a home, reach out and we can update it, assuming your situation hasn't changed significantly.

Does getting pre-approved hurt my credit score?

Pre-approval requires a credit check causing minor score dips, but multiple mortgage inquiries within 45 days typically count as a single inquiry.

What documents do I need for pre-approval?

Provide pay stubs, W-2s, bank statements, and ID. Self-employed borrowers need tax returns. Contact me for a complete, personalized document checklist.

Down Payment and Closing Costs

How much down payment do I need?

While the 20% down payment rule is outdated, I can help you find a loan program that fits your specific financial situation.

Conventional:

as low as 3%

FHA:

as low as 3.5%

VA:

0% for eligible

veterans

Jumbo:

typically 10-20%

Investor/DSCR:

typically 20-25%

What are closing costs?

Closing costs are fees associated with finalizing your mortgage. They include things like appraisal fees, title insurance, lender fees, and prepaid items like property taxes and homeowners insurance. Typically 2-4% of the purchase price.

Can I roll closing costs into the loan?

For refinances, yes, closing costs can often be rolled into the loan or offset with a slightly higher rate. For purchases, closing costs are typically paid at closing, though sellers sometimes offer credits to help cover them.

Can I use gift money for my down payment?

Yes. Most loan programs allow gift funds from family members. There's paperwork involved (a gift letter), but it's common and straightforward. I'll walk you through the process.

The Mortgage Process

How long does it take to close on a house?

From accepted offer to closing, typically 30-45 days. Some loans can close faster, others take longer depending on complexity. I'll keep you informed every step of the way.

What happens between pre-approval and closing?

Once you're under contract, several things happen: appraisal, title work, underwriting review, and final loan approval. I'll guide you through each step and make sure nothing falls through the cracks.

What is underwriting?

Underwriting is the process where a lender reviews your complete loan file to make sure everything meets program guidelines. The underwriter verifies your income, assets, credit, and the property details before issuing final approval.

What should I avoid during the loan process?

A few important things:

Don't open new credit accounts
Don't make large purchases (cars, furniture, appliances)
Don't change jobs if you can help it
Don't move large sums of money between accounts without documentation

Keep everything stable until you close. If something does change, let me know right away.

What happens at closing?

You'll sign the final loan documents, funds are transferred, and you get the keys. Closing typically takes 30-60 minutes. I'll prepare you in advance so you know exactly what you're signing.

Schedule Your Refinance Consultation

Loan Types

What's the difference between fixed-rate and adjustable-rate mortgages?

A fixed-rate mortgage has the same interest rate for the life of the loan. Your payment stays predictable. An adjustable-rate mortgage (ARM) starts with a lower rate that can change after an initial period, typically 5-10 years. ARMs can make sense in certain situations. We can discuss which is right for you.

What's an FHA loan?

FHA loans are backed by the Federal Housing Administration. They offer more flexible credit requirements and lower down payments (as low as 3.5%), making them popular with firsttime buyers.

What's a VA loan?

VA loans are available to eligible veterans, active-duty service members, and some surviving spouses. They offer no down payment, no private mortgage insurance (PMI), and competitive rates. As a veteran myself, VA loans are one of my specialties.

What's a jumbo loan?

A jumbo loan is for amounts that exceed conforming loan limits, currently $766,550 in most Texas counties. They have stricter requirements but make higher-priced homes accessible.

What's a DSCR loan?

DSCR stands for Debt Service Coverage Ratio. These loans are designed for real estate investors and qualify based on the property's rental income rather than your personal income.

Great for building a rental portfolio.

Learn More About Loan Programs

Refinancing

When does refinancing make sense?

Generally when you can lower your rate enough to recoup closing costs within a reasonable timeframe, or when you need to access equity for a specific purpose. I'll run the numbers with you and give you an honest assessment.

Can I refinance to remove PMI?

If your home has appreciated and you now have 20% or more equity, refinancing can eliminate PMI and lower your monthly payment.

How soon can I refinance after buying?

Most programs have a seasoning requirement, typically 6-12 months. Specific timing depends on your loan type and situation. Reach out and I'll let you know what applies to you.

What's a cash-out refinance?

A cash-out refinance lets you borrow more than your current loan balance and receive the difference as cash. It's commonly used for home improvements, debt consolidation, or major expenses.

Explore Refinance Options

Working With Me

What areas do you serve?

I serve buyers and homeowners throughout the Austin metro area, including Austin, Cedar Park, Round Rock, Pflugerville, Georgetown, Hutto, Leander, Manor, Kyle, and Buda. I'm licensed in Texas and can help anywhere in the state.

How quickly do you respond to calls and messages?

I pride myself on being accessible. When you call, text, or email, you'll typically hear back within a few hours, often faster. You shouldn't have to wonder if your lender got your message.

Do you charge for consultations?

No. Our initial conversation is free with no obligation. We'll talk about your goals, I'll answer your questions, and we'll figure out if I'm the right fit to help you.

What makes you different from other lenders?

Three things: communication, organization, and honesty. I pick up the phone. I track every detail so nothing falls through the cracks. And I tell you the truth, even when it's not what you want to hear. After 18 years in this business, I know that's what matters most.

Ready to Get Started?

The first step is simple: a conversation. We'll talk about your goals, We'll answer your questions, and we'll figure out the best path forward. No obligation. No pressure. Just honest guidance.