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 was great to work with. As first time home buyers, we didn’t really know all the details of the process. Paul was very informative and helpful. Our approval process was also more complicated than we initially thought it would be but Paul was very patient and helped us get the loan we needed. I’d recommend Brickwood to any homebuyer.

Katie Bailey