Pre-approval means a lender has reviewed your income, assets, and credit to give you a clear sense of what you can borrow before you start shopping for a home. Because it's based on your actual documents rather than estimates, it can show sellers you're a serious buyer. Having it in hand lets you move quickly and confidently when you find the right property. If you'd like to see where you stand, apply online or reach out to Malcolm to get started.

Down payment requirements depend on the loan program, your financial profile, and lender guidelines, so there's no single answer that applies to everyone. Some programs allow less money upfront than many buyers expect, and certain options may require little or no down payment for those who qualify. The best way to know your actual number is to talk it through with Malcolm, who can walk you through the programs available to you.

Minimum credit scores vary by loan program and lender, and a higher score generally helps with the options and terms available to you, but it isn't the only factor considered. Income, debt, and overall financial history also play a role in the full picture. Rather than guessing where you stand, it's worth applying or speaking with Malcolm directly to understand your options.

Each loan type is designed for a different situation: Conventional loans are a common choice for a range of buyers, FHA loans are government-insured and are often considered by first-time buyers, VA loans serve eligible veterans and service members, USDA loans support buyers in eligible rural areas, and Jumbo loans are used for higher loan amounts above standard limits. Eligibility and requirements differ for each program and depend on your personal circumstances. Malcolm can help you sort through which type fits your situation best.

The timeline depends on factors like how quickly you can gather your documentation and how complex your financial picture is, so it varies from person to person. Being organized with income and asset information upfront tends to make the process smoother. The quickest way to find out what it looks like for you is to start your application or connect with Malcolm.

Checking your credit as part of pre-approval can have some impact, though the effect varies depending on your individual credit history and other factors. If you have questions about how this applies to your situation, Malcolm is happy to talk through it before you apply.