Questions & Answers

What is the lowest credit score you work with?

We work with all types of credit scores. If you are buying a primary residence, a 580 credit score is recommended, but some of our clients can get approved down to a 500 credit score. We even offer loans for buyers with no credit scores, through our nontraditional credit program. In most cases A 740 credit score will qualify you for the best interest rate with the lowest closing costs available.

How much of a down payment will I need with traditional loan programs?

Qualifying first time home buyers are only required to put down a 3% down payment. FHA loans require a 3.5% down payment. You will need a 20% down payment to avoid mortgage insurance with traditional loan programs.

What Our Customers Are Saying

Paul is the best mortgage broker in the business! He is knowledgeable, honest, professional, and super efficient. He kept us informed on a daily basis and always promptly returned our phone calls. He thoroughly explained all the financial and legal jargon in laymen terms that were easily understandable. Paul worked hard to get us an incredible rate and was much easier than any bank we have worked with in the past. Working with Paul feels like you are working with a friend who has your best interest at heart. We would highly recommend Brickwood Mortgage to anyone looking for a new home.

Jason Keller