FAQ

What is the minimum credit score required to apply for a loan?

Minimum credit score requirements vary based on the loan program and individual lender guidelines. Many borrowers may qualify for certain loan options with credit scores starting around 580, while others may require higher scores depending on down payment, income, and overall financial profile. In addition to credit score, lenders also consider factors such as payment history, debt-to-income ratio, and asset strength. At Seattle Mortgage Pros, we review the full picture to help identify the best loan options available for your situation.

How long does it take to get loan approval?

In many cases, Seattle Mortgage Pros can issue a mortgage pre-approval within just a few hours once all required documentation is received. Our efficient process and experienced team allow us to review applications quickly while ensuring accuracy. More complex scenarios—such as self-employed income or specialty loan programs—may take additional time, but we prioritize fast turnaround so our clients can act confidently and competitively when making an offer.

What documents do I need to provide when applying for a loan?

The documents required for a mortgage application can vary based on loan type and your financial situation, but most borrowers will need to provide basic income, asset, and identification documentation. Commonly requested items include recent pay stubs, W-2s or tax returns, bank statements, and a valid government-issued ID. Self-employed borrowers may need additional documentation, such as business tax returns or profit-and-loss statements. At Seattle Mortgage Pros, we guide you through exactly what’s needed and help streamline the process to avoid unnecessary paperwork or delays.

Can I refinance my current loan through Seattle Mortgage Pros?

Yes. Seattle Mortgage Pros helps homeowners refinance existing mortgages to better align with their financial goals. Whether you’re looking to lower your interest rate, reduce your monthly payment, remove mortgage insurance, or access home equity through a cash-out refinance, our team can review your options and recommend the best strategy. We work with a wide range of loan programs, including conventional, FHA, VA, Non-QM, and specialty loans, and guide you through the refinance process with clear communication from start to finish.

Are there any hidden fees associated with your services?

No. Seattle Mortgage Pros believes in full transparency throughout the mortgage process. All loan-related costs, including lender fees, third-party fees, and closing costs, are clearly disclosed early in the process and reviewed with you in detail. You will receive a Loan Estimate outlining expected costs, and we take the time to explain each item so you understand exactly what you’re paying and why. Our goal is to ensure there are no surprises at closing and that you feel confident and informed every step of the way.

What types of loans does Seattle Mortgage Pros offer?

Seattle Mortgage Pros offers a wide range of home loan options to meet the needs of buyers and homeowners in many different financial situations. Our loan programs include conventional loans, FHA loans, VA loans, USDA loans, Non-QM mortgages, reverse mortgages, and manufactured home financing. We also specialize in in-park mobile home loans (chattel loans) and other specialty programs that many lenders do not offer. Whether you’re buying, refinancing, self-employed, a veteran, or navigating a complex scenario, we focus on finding the right loan solution for your goals.

What is the difference between pre-qualification and pre-approval?

Pre-qualification is an initial estimate of what you may be able to afford based on self-reported income, assets, and credit information. It’s a helpful first step but does not involve full document verification. A pre-approval, on the other hand, includes a review of your credit and supporting financial documents, providing a more accurate picture of your borrowing power. Pre-approvals carry more weight with sellers and real estate agents because they show you’ve been thoroughly reviewed by a lender and are ready to make a serious offer.

Do you offer loans for first-time homebuyers?

Yes. Seattle Mortgage Pros works extensively with first-time homebuyers and offers a variety of loan programs designed to make homeownership more accessible. Depending on your situation, this may include low down payment conventional loans, FHA loans, VA loans for eligible buyers, and down payment assistance programs. We also provide guidance throughout the entire process—from pre-approval to closing—so first-time buyers understand their options, feel confident, and avoid common pitfalls.

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