Frequently Asked Questions

How do I get a lower payment?▲

There are a few ways to get a lower payment - some include putting more money down, using different mortgage insurance strategies, and possibly taking a lower interest rate. Each person's situation will be unique, so give us a call to find out the best route for you!

How do I qualify for a higher sales price?▲

In general, to qualify for a higher sales price, you will either need to increase your income or reduce or refinance your debt. Adding a co-borrower is another method.

How long does the loan process take?▲

The pre-approval process takes about 30 minutes. Once you are under contract, the loan process should take between 30 - 45 days.

How much money do I need to put down?▲

You can buy a home with as little as 3% down with a conventional loan, 3.5% with an FHA loan, or 10% down if you are a jumbo borrower.

What is the minimum credit score required?▲

Depending on the loan program, as low as 550. Different programs have different requirements. FHA and VA programs tend to be more lenient with the required credit scores.

When you pull my credit is it a hard hit against my credit scores?▲

Yes, any time a mortgage company pulls credit it is considered a hard inquiry.

When should I get pre-approved?▲

You should get pre-approved ASAP! We recommend this so you can start home shopping with realistic expectations of what you can afford.

Why should I choose to work with CalCon Mutual Mortgage?▲

CalCon Mutual Mortgage is dedicated to excellent service and we offer competitive loan programs with competitive interest rates. Our customer service cannot be beat!

How do I make my mortgage payment?▲

Email loanservicing@onetrusthomeloans.com for information on how to make your mortgage payment.

CalCon Mutual Mortgage first time homebuyers

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