Real Estate Loan

Residential Mortgage

Finance your home purchase with competitive rates and flexible terms.

$100K – $3M

Loan Amount

6.5% – 8.5%

Typical APR

15 – 30 years

Loan Term

21 – 45 days

Funding Time

About This Loan

What is a Residential Mortgage?

A residential mortgage is a long-term loan used to purchase or refinance a home. With fixed or adjustable rates and terms up to 30 years, it allows buyers to spread the cost of a property over time. Your home serves as collateral, enabling lower interest rates than unsecured financing.

Minimum Credit Score

620+

Fund Usage

What Can Funds Be Used For?

Home Purchase

Buy a primary residence, second home, or vacation property

Refinancing

Replace an existing mortgage with better terms or lower rate

Cash-Out Refinance

Tap into your home equity while refinancing your mortgage

New Construction

Finance a newly built home from a developer or builder

FHA Loans

Low down payment options backed by the Federal Housing Administration

VA Loans

Zero down payment mortgages exclusively for veterans and military

The Process

How It Works

From application to funding — here is exactly what to expect when applying for a Residential Mortgage.

01

Get Pre-Approved

Submit income, credit, and asset documents to receive a pre-approval letter for your target price range.

02

Find Your Property

Shop for homes confidently knowing your financing is in place. Make an offer with your pre-approval.

03

Underwriting & Appraisal

The lender verifies your financials and orders a property appraisal to confirm the home's value.

04

Close & Move In

Sign the closing documents, pay your down payment and closing costs, and receive your keys.

Requirements

Do You Qualify?

Min. Credit Score

620+

Down Payment

3% – 20%

Debt-to-Income Ratio

Below 43%

Employment

Stable 2-year history

Property Type

1–4 unit residential

Appraisal

Required

At a Glance

Pros & Cons

Advantages

Long repayment terms keep monthly payments low

Fixed rate options protect from rate increases

Interest may be tax deductible

Builds equity over time

Considerations

Long approval process (21–45 days)

Requires significant documentation

Down payment and closing costs required upfront

Ready to Apply for a Residential Mortgage?

Submit your application in under 10 minutes and get matched with top lenders offering competitive rates tailored to your profile.

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