Top 11 Questions to Ask Your Loan Officer

Thinking of purchasing your first home? Maybe it makes more financial sense than renting for you. Or maybe you are just ready to take that next step. No matter why you are thinking of entering the housing market, here are 11 top questions to ask your mortgage loan officer as you get started:

1. How many loan programs do you offer, and what are they?

2. What factors affect my interest rate?

3. What are the fees associated with a mortgage loan?

4. What is the minimum down payment required for each loan type?

5. How long does the mortgage loan process take from application to closing?

6. What documents are required for the mortgage loan application?

7. What is the maximum loan amount that I can qualify for?

8. What is the credit score requirement for each type of loan?

9. What is the current state of the housing market?

10. What are the potential risks or challenges I may face during the mortgage loan process?

11. What support or resources do you offer to help me through the mortgage loan process?

Let’s Get Started!

Adam Snively’s team is here to serve you well and ensure you are taken care of at every turn.

All these questions and more are a great place to start when dipping your toes into homeownership. Feel free to set up a call with us or send an email to get these answered for you, and to apply for free to begin your journey!