Frequently Asked Questions

What is the minimum down payment to qualify?

No Down Payment Options

• VA Loans (Must be a veteran. See our VA Loan page for more info)
• USDA Loans (Income and Property Location Restrictions Apply. See our USDA Loan page for more info)

Low Down Payment Options

• FHA Loans (Minimum 3.5% Down Payment Required. See FHA Loan Page for more info)
• 97% Conventional Loans (Minimum 3% Down Payment Required. See Conventional Loan Page for more info)

How does Mortgage Warehouse’s No Closing Cost Loan work?

We have been offering our No Closing Cost loan program for over 15 years! It is by far our most popular loan program. Here is how is works. We provide a lender credit at closing to cover all the borrower’s closing costs. This credit will cover the loan origination fee, appraisal fee, survey fee (if required), title fees, recording fees and transfer taxes. As with any loan program, certain restrictions and guidelines apply so please contact us to determine if the No Closing Cost loan is a fit for your scenario.

What are your interest rates?

It is important for you to know your interest rate and closing costs upfront. The biggest factors that determine your interest rate and closing costs are based on the type of loan, loan-to-value, loan amount and your credit score. We prefer to give our clients accurate information when it comes to interest rates and closing costs which is why we don’t advertise rates on our website. Please contact us for a free no obligation quote.

I want to buy a home but not sure if I’m ready. Where do I start to find out if I qualify?

No problem. We can get you the answers you need so that you can make a good decision. We offer a free no obligation pre-approval.

• Option #1 – Call our office. We can answer a lot of questions and provide you some great information with a short phone call.
• Option #2 – Fill out our Quick Application

I would like to refinance my home. How do I find out if I qualify for the No Closing Cost loan?

We offer a free no obligation mortgage analysis. We will let you know if refinancing your home is beneficial and how much you will save.

• Option #1 – Call our office. One quick phone call could save you thousands of dollars. We can provide a fast same day mortgage analysis to determine your savings.
• Option #2 – Fill out our Quick Application