Will a preapproval inquiry HURT my credit?

Short Answer: NO *phew*

Just about everyone knows their FICO score these days courtesy of our credit card statements or credit monitoring like Credit Karma. Don't be afraid to start a mortgage preapproval. In most cases, the credit inquiry has little to no impact on your scores (1-2 pts). A credit card inquiry is far more damaging to scores because a housing-related inquiry is viewed as more of a need, not a luxury like a credit card. 

How much do I need to put down? 

Short Answer: 3-5% 

A lot of new homebuyers think that they need 20% to buy a home but that simply is NOT true. Most mortgage products allow as little as 3.5% to 5%, and a first-time buyer program called Home Ready can allow qualifed buyers to put down 3%. Other programs exist, but these are the most common minimum down payments.

My credit needs WORK; can you help?

Short Answer: YES

We're PASSIONATE about helping people take control of their finances. At eClick, we're able to help our clients plot a course to strategically improve and in many cases, rapidly boost credit. We do NOT charge any credit report/analysis fees and can also connect you with several trusted partners that repair credit. Let's start your preapproval and discover how to get you on a path to homeownership!

"Loved working with Joshua! He was friendly, honest, and helpful."

-Stacy P. (Zillow review)

"Loved working with Joshua! He was friendly, honest and helpful. He guided me through my first home buying experience. I was purchasing a home 2000 miles away but Josh knew what I needed to do. I would recommend him."

"Josh's experience with this type of purchase was reassuring & appreciated."

-Carrie W. (Zillow review)

"Josh was very patient, knowledgeable, and responsive. He has a high level of integrity. My husband and I were first time homebuyers and our purchase was going to be an investment property too (rental) so Josh's experience with this type of purchase was reassuring and appreciated."

"Josh was always available when I need to discuss important issues..."

-Todd C. (Zillow review)

"Outstanding! Josh was always available when I needed to discuss important issues. Very ethical, knowledgeable, and trustworthy. I would recommend him to anyone needing a broker and will use him again if I need a broker."