Most payments include principal, interest, property taxes, and homeowner’s insurance. If your loan amount exceeds 80 percent of the home’s value, your payment may also include private mortgage insurance

Pre-approval means a lender has reviewed your credit and cash flow to estimate an affordable loan range. It shows sellers you are a qualified buyer and helps you shop with confidence.

National Home Buyers Assistance Program® connect you with the nearest lender to provide you with a Prequalified Approval Letter, which is like a preapproval letter. It shows you and your real estate agent how much you can afford so you can make offers with confidence.

Once you’ve got your approval, you can make it even stronger by contacting a Home Loan Expert for a Verified ApprovalSM. With a Verified ApprovalSM, we verify your income, assets and credit before you shop for a home. It’s the next best thing to a cash offer, and it’s only available from NHBAP®.

Yes! Once you’ve filled out our online eligibility quote form, one of our Home Loan Experts will give you a call so we can speed up your mortgage process.

National Home Buyers Assistance Program® recommends loans you may be eligible for based on the information you provide through a loan office.

Many buyers think 20 percent is required, but loans are available with down payments as low as zero percent, subject to program guidelines.

A rate lock guarantees your mortgage rate for a set period while you complete the loan. Many lenders offer 30 to 60 day locks, with extensions sometimes available for a fee. Whether to lock depends on your view of near-term rate movements and guidance from your mortgage banker.

Lenders typically consider four areas: your income and debts, your assets, your credit history, and the property’s value as collateral.