Residential Financing

Yes! While a higher credit score can help secure better loan terms, we offer programs for individuals with lower credit scores. Our loan specialists can also help with strategies to improve your credit and explore financing options that may work for your situation.

The required down payment depends on the type of loan you choose. Conventional loans typically require at least 3-5% down, while FHA loans require a minimum of 3.5%. VA and USDA loans offer zero-down options for eligible borrowers.

A larger down payment can reduce your monthly mortgage payments and may help you avoid Private Mortgage Insurance (PMI). Our team at Lagoni Mortgage can help you explore loan options and determine the right down payment amount for your financial situation.

We offer a wide range of mortgage programs, including:

• Conventional Loans
• FHA Loans
• VA Loans
• USDA Loans
• Jumbo Loans
• Adjustable-Rate Mortgages (ARMs)
• Reverse Mortgages
• Fixed-Rate Mortgages
• Construction Loans
• Rennovation Loans

Additionally, we provide various non-traditional (non-QM) loan options to accommodate unique financial circumstances. Our mortgage specialists can help you explore the best program for your needs.

• Pre-qualification is an informal estimate of how much you might be able to borrow. It’s typically based on self-reported financial information like your income, debts, and assets. It’s a helpful first step to get a general sense of your budget, but it doesn’t involve a credit check or document verification.

• Pre-approval, on the other hand, is a more rigorous process. It requires you to submit financial documents (such as pay stubs, tax returns, and bank statements), and it includes a credit check. The lender uses this verified information to determine your actual borrowing power. A pre-approval letter carries more weight with sellers because it shows you’re a serious buyer who’s been vetted financially.