Frequently Asked Questions

A: Rates change on a continuous basis because market conditions are always changing. Plus, the qualifications of each borrower impact the loan offers they receive, as do the types of loans they choose to apply for.

For that reason, there is not a single answer we can give to this question. But if you give us a call, we can help you find out what rate you may qualify for based on your financial history, the type of mortgage you want to apply for, and current rates.

A: You just need to answer several questions, and we can provide you estimates for your loan term, mortgage payment, and APR rate, if you qualify.

A: To answer this question, we will need to know your credit score, debt-to-income (DTI) ratio, income level, and other details of your financial status.

Once you share this information with us, we can connect you with loan offers from lenders throughout our network.

A: This is a common concern among borrowers, especially those who are shopping for their first homes.

But a perfect credit score is not a requirement to purchase a home, nor do you need one to qualify for affordable rates.

If you have the ability to make a larger down payment, that can help you make up for a lower score.

Other strong financial metrics can help too. These include your income, debt-to-income (DTI) ratio, and cash reserves.

We also can connect you with loan programs specifically tailored to the needs of borrowers who do not have perfect credit.

One example is the FHA loan program guaranteed by the Federal Housing Administration.

This type of loan is available to borrowers without perfect credit, and features affordable rates and down payments as low as 3.5%.

If you are a veteran, active duty service member, or eligible surviving spouse, another option is a VA mortgage.

This type of home loan also has flexible credit qualification requirements and affordable interest rates.

Unlike an FHA loan, a VA loan does not require mortgage insurance. There is no down payment required.

A: Massachusetts borrowers purchase homes with down payments smaller than 20% every day. While many people believe that this is the minimum you need to put down on a home, there are multiple lending products with lower requirements.

The FHA loan program has a down payment requirement of only 3.5%, and there is no down payment requirement if you qualify for a VA mortgage.

Even with a conventional loan, it is possible to buy a home in Massachusetts with a down payment of just 3%.

A: We are based in Boston and work with customers throughout the state of Massachusetts. We also can help you with a home loan in Rhode Island and Connecticut.