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How to Qualify

Get qualified today and get a loan with the best mortgage rates, just fill out the form to get started now.

Let Us Help You

Discussing your particular situation in-depth with a mortgage broker will help you find the best solution, resulting in the mortgage loan that best suits you.

Getting Pre-qualified Before House Hunting Is A Good Idea!

Explore the different types of mortgages and what their requirements are.

  • How To Qualify For A Home Loan - First Time Buyer?

    If you haven’t owned a primary residence for three years, you qualify as a first time home buyer. First-time buyers need to have at least 580 credit score to enjoy down payments of as low as 3 percent. Depending on your credit score, either an FHA or a Conventional loan might be a good fit for you. FHA loans allow for as little as a 3.5% down payment and Conventional Loans allow for a 3% down payment. See which one might be best for you.

  • How To Get Qualified For A House Loan?

    To get qualified for a house loan, your lender will consider your monthly income compared to your monthly debts, including a new home payment. You also need an established credit history. These, along with your ability to bring in different amounts of down payment will determine what you can afford for a home price and monthly payment.

  • How To Qualify For A Conventional Loan?

    To qualify for a conventional loan requires a minimum credit score of 620, but to get the best rate and payments on a Conventional loan usually requires a higher credit score. If you have a credit score of 700 and below, an FHA loan might be a better fit for you. Borrowers who have credit scores of 740 or more generally tend to enjoy the best conventional loan rates. Conventional loans also offer many different down payment options, including as little as 3% down payment if you’re a first-time buyer and 5% down payment if not. When qualifying, Conventional loans will typically allow you to use just under half of your monthly before-tax income to pay for your house and other monthly minimum debts.

  • How To Qualify For An FHA Loan?

    FHA loans are fantastic for first-time buyers and people buying a primary residence. Typical requirements are a credit score of 580, a down payment of 3.5%, and steady employment that supports the house payment and your other debts. Depending on your scenario, up to 56% of your gross monthly income can go towards your house payment and other monthly debts. FHA also has many down payment assistance programs to help cover the 3.5% down payment. Ask our Loan Originators about which might be best for you!

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Can You Get Approved For A Mortgage Loan?

Each loan type has a slightly different way they look at your three pillars of lending: Credit Score, Down Payment, and Monthly Income versus Debts. Is your credit not perfect? There’s a loan for that. Need help with down payment? There’s a loan for that too. Student loan debt stacking up? No problem, there’s the right loan for that too. Get answers now – Just pick up the phone and call.

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Keys to Successfully Qualifying for a Mortgage

Each loan type has a slightly different way they look at your three pillars of lending: Credit Score, Down Payment, and Monthly Income versus Debts. Is your credit not perfect? There’s a loan for that. Need help with down payment? There’s a loan for that too. Student loan debt stacking up? No problem, there’s the right loan for that too. Get answers now – Just pick up the phone and call.

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Keys to Successfully Qualifying for a Mortgage

  • Do you have stable income?
  • Do you have income that is two to three times more than the expected house payment?
  • What’s your credit rating?
  • Do you have any collections, judgments, or bankruptcies on your credit report?
  • Do you have a good credit score?
  • Where have you lived for the past 2 years?
  • Do you have money saved?

HAVE A FEW MORE QUESTIONS?

Our Loan Experts Can Help

  • How To Qualify For A Home Loan?

    The first step is to fill out a loan application and talk to a lender. The lender can then pull your credit to see everything needed to guide you to the right loan program for you. Our pros are experts at finding the perfect fit for your financial needs and helping with a roadmap to home ownership today.

  • How To Qualify For FHA Loan?

    FHA loans are a wonderful product for someone buying a primary residence. Most people will need at least a 580 credit score, a steady income that can support the house payment and other monthly debts, as well as 3.5% down payment. Some people may qualify for down payment assistance that can help with the 3.5% down payment and other closing costs.

  • How To Qualify For A VA Loan?

    There are several eligibility guidelines. First, you must have served 90 consecutive days of active service during the war. Alternatively, you must have served 181 days of active service during peacetime. Having served six years of service in the national guard’s reserve is a valid option too. Further, spouses of service members who died in the line of duty qualify for this loan. VA loans don’t require a down payment and require the person to have enough income to support the house payment, other monthly debts, and still have a residual income remaining. The amount of residual income needed for qualification is based on VA’s residual income chart that is broken down by region.

  • How To Get Pre Qualified For VA Home Loan?

    If you meet the minimum service requirements for a VA home loan then getting qualified for a VA home loan is a breeze. We can help you with what documents you need to provide along with a loan application that will allow us to determine how much house you can afford and what your payment will be.

Spire Financial brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.

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Disclaimer

V.I.P. Mortgage, Inc. DBA Spire Financial does Business in Accordance with Federal Fair Lending Laws. NMLS ID 145502. For state specific licensing, visit www.vipmtginc.com/national-licenses/. V.I.P. Mortgage, Inc. is not acting on behalf of or at the direction of the FHA/HUD or the Federal Government. This product or service has not been approved or endorsed by any governmental agency, and this offer is not being made by any agency of the government. V.I.P. Mortgage, Inc. is approved to participate in FHA programs but the products and services performed by V.I.P. Mortgage, Inc. are not coming directly from HUD or FHA. Information, rates, and programs are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions may apply. This is not an offer to enter into an agreement. Not all customers will qualify.

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