It depends on the loan program. Some conventional loans start at 3% down, FHA loans at 3.5%, and VA and USDA loans may allow 0% down for eligible borrowers.

Requirements vary by program. Many loans start around a 620 score, while FHA financing may allow lower scores with compensating factors. A loan officer can review your full profile.

Most purchase loans close in roughly 30 to 45 days, depending on the program, appraisal timing, and how quickly documents are provided.

Typically recent pay stubs, W-2s or 1099s, two years of tax returns for self-employed borrowers, bank statements, photo ID, and details on any other properties or debts.

Locking protects your rate against market movement while your loan is processed. Your loan officer can explain lock periods and timing for your situation.

Refinancing may help if you can lower your rate, shorten your term, remove mortgage insurance, or access equity. Compare the savings to closing costs and your break-even point.

It depends on the loan program. Some conventional loans start at 3% down, FHA loans at 3.5%, and VA and USDA loans may allow 0% down for eligible borrowers.

Yes, conventional financing is available for second homes and 1–4 unit investment properties, typically with 15–25% down.

For loans with less than 10% down, MIP is required for the life of the loan. With 10%+ down, it drops off after 11 years.

It depends on the program. Grants do not need to be repaid. Some second loans are forgivable after a set period, while others must be repaid when you sell or refinance.