Processing - $695
Underwriting - $995
Appraisal - $495*
Processing - $0
Underwriting - $0
Appraisal - $0
We believe in fitting the product to the customer, not the customer to the product.
Over 40 billion in closed loans for 2020
Secure the insecure. We believe what's private should stay private. Our trustworthiness instills confidence.
We are here to assist members with homeownership goals.
We believe in the power of simplicity. With Cardinal haste-free lending is possible.
This is the most common question we always get asked. Most people think you have to put 20% to purchase a home. You do not. The lowest down payment is 3 to 3.5%
Another question we always get asked. When you purchase a home and you put less than 20% down, you are required to pay. "private mortgage insurance" This is essentially an extra fee you pay each month in your. monthly payment. It is basically insurance on the. home in the. event you foreclose, it protects the bank because there is not much Equity when a home is first purchased. VA loans do not have a fee.
This. varies in every scenario. As a lender, we can clear have a clear to close in 3 weeks or less but it can differ on a case by case basis.
Your FICO score plays a big role in the mortgage process, however we look at other factors that can still allow you to qualify for financing. While there isn't an exact credit score you need, certain mortgage loan products require minimum credit scores. The best way to answer this question, is to speak with your Cardinal Financial mortgage provider and they will provide you with a free credit report (from the three major bureaus) and give you a free consultation.