Yes! If you’re ready to get approved to buy a home, The Lender Exchange® is a great way to understand exactly how much you can afford. Because RThe Lender Exchange® considers your credit score and financial information in determining how much you can afford, it’ll give you more accurate numbers than a calculator would.

How much you need depends on the type of loan and the purchase price of the home. In general, you’ll want to have at least 3% of the home’s purchase price for a down payment. You’ll also want to have between 2% and 5% of the purchase price for closing costs – even for no-down-payment loans, such as VA loans.

The Lender Exchange® 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 Lender Exchange®.

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.

The Lender Exchange® recommends loans you may be eligible for based on the information you provide through a loan office.