PRE-APPROVAL: WHAT TO KNOW

WHAT IS YOUR CREDIT SCORE AND PROFILE? 1

The higher the credit score, the better. Scores above 720 will help you get the best rate and make it easier to qualify for your desired loan program. Scores below 720 can still qualify, the rate you qualify for is just impacted.

Adverse credit in your past can have implications on your loan qualifications. Its best to talk to a Loan Officer to review all your options.

Our Tradition team is here to help you review your credit profile and determine what loan program is best for your unique scenario.

HOW MUCH HOME CAN YOU AFFORD? 2

How much home you can afford to buy depends on multiple factors (i.e. current debts, down payment, monthly income, etc.)

It’s important to review your personal financial picture and what type of payment will comfortably fit into your monthly budget. We offer a full spectrum of loan programs to help you achieve your goals.

HOW MUCH IS YOUR DOWN PAYMENT? 3

The minimum down payment required varies depending on your loan type.

Are you in the market to buy your first home, moving up to a larger home, or downsizing into a better fitting home?

Tradition Mortgage has the mortgage solution for you!

With minimal inventory in most price ranges today, getting pre-approved for your financing is more important than ever. Here are a few things to know as you prepare for your home purchase.

Factors like credit score and type of residence will impact what your minimum down payment may be.

A gift from a family member may be an acceptable source of funds for certain loan programs to help with your required down payment.