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

Brickwood Mortgage and Paul Hankins did a great job! Paul went over and beyond the call of being a mortgage specialist. When it came time to close on the loan and the sellers agent was not ready to close, Paul went to bat for me and got everything straight. I would highly recommend Brickwood Mortgage and Paul Hankins to do your loan.

Mark Scully