Here are some of the top questions to ask before deciding on the type of loan to apply for.
How do I qualify for a loan? Several factors come into play regarding which program you are eligible for. However, the foundation to all your mortgage options lies in telling us about your income, credit, assets, and the type of property you hope to purchase.
How much house can I afford? It's essential to nail down your affordability before you start home shopping. Use our online calculator to get a close estimate of your payment. You can also pre-qualify with us to see the most accurate affordability scenarios.
How much should I save for a down payment? The minimum amount needed for a down payment depends on the loan program and whether you want to avoid particular fees from your monthly mortgage payment. For example, many loan programs allow for a 3-3.5% down payment, but it may require that your mortgage insurance or property taxes be built into the loan payment.
Putting down a little more may help avoid these costs in your monthly mortgage payment; however, it's not necessary. We have affordable loan options with low monthly payments that ask for as little as 0-3% down! Remember that while a higher down payment has its perks, so do low down payment ones.
What types of home loans do you offer? We have a wide variety of loan types available to meet your specific needs and requirements. So whether you are a first-time buyer, an investor, a veteran, or a retiree looking to make life more comfortable using your equity, we can match you with the right loan and payment that fits your needs.
Star Financial, Inc. NMLS #1429. Licensed in California, Texas, and Florida. Equal Housing Lender. All loans are subject to credit and property approval. Terms, conditions, and programs are subject to change without notice. This content is for informational purposes only and is not a commitment to lend or extend credit.
Star Financial, Inc. does not guarantee the accuracy or completeness of any information shared on social media. Opinions expressed are those of the author and do not necessarily reflect the views of Star Financial, Inc. We are not responsible for any third-party content, comments, or external links shared.
Equal Housing Lender. © 2025 Star Financial, Inc. All rights reserved.
