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Frequently asked questions

Here you’ll find answer to the most common question our users.
What types of mortgage loans do you offer?

Down payment needs depend on the loan type.

Conventional loans typically require 5–20% down, while FHA loans can go as low as 3.5% down.

Common program guidelines — confirmed on your file during pre-approval

VA loans may allow 0% down for eligible veterans. Randy will map exact cash-to-close after reviewing income, assets, and the property.

How do I know which type of loan is right for me?

Down payment needs depend on the loan type.

Conventional loans typically require 5–20% down, while FHA loans can go as low as 3.5% down.

Common program guidelines — confirmed on your file during pre-approval

VA loans may allow 0% down for eligible veterans. Randy will map exact cash-to-close after reviewing income, assets, and the property.

What is the process for applying for a mortgage?

The mortgage application process involves several steps: pre-qualification, loan application, documentation submission, loan processing, and finally closing. We guide you through each step to ensure a smooth experience.

How much down payment do I need?

Down payment needs depend on the loan type.

Conventional loans typically require 5–20% down, while FHA loans can go as low as 3.5% down.

Common program guidelines — confirmed on your file during pre-approval

VA loans may allow 0% down for eligible veterans. Randy will map exact cash-to-close after reviewing income, assets, and the property.

Can I refinance my existing mortgage?

Yes, refinancing is a great option to consider for lowering your interest rate, reducing monthly payments, or tapping into home equity. We can evaluate your current mortgage and goals to determine if refinancing is right for you.

How long does the loan process take?

On average, the mortgage process takes about 30-45 days from application to closing. However, this timeline can vary based on individual circumstances and the specifics of your loan.

Do you offer assistance for first-time homebuyers?

Absolutely. We have programs specifically designed for first-time buyers, including educational resources and special loan options to help make your first home purchase a success.

Ready to Get Started?

Our team is dedicated to providing you with all the information you need to make informed decisions about your mortgage. Don’t hesitate to reach out for personalized assistance tailored to your unique needs and financial goals.

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PRMI NMLS 3094. PRMI is an Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.

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