Yes, we offer loans for investment properties.

Yes, it may. We recommend checking out https://www.annualcreditreport.com to learn more.

We have programs that include a 5% down payment. We also offer down payments as low as 3%, but these loans may come with some restrictions.

We make it easy. You will be able to generate your own pre-qualification letter within our system by providing your credit authorization and your savings assets, expenses and income information. A benefit of this process is that if you find a property quickly, we already will have most of what we need to get your loan approved and closed.

Settlement fees, title insurance, title search, and recording fees are usually included in third-party closing costs.

A pre-qualification is an estimate of the size of the loan you may be eligible for. A pre-approval is a stronger estimate of affordability because it is based on documented financial information that is submitted before you’ve found a home to purchase.

When you have entered a subject property into the system, you may lock your loan through the task created on your dashboard or by clicking the rate lock icon. You will have up to three minutes to confirm your rate lock.

Laurel Road offers mortgages for single-family homes, multi-family homes, and condos.

You may lock your interest rate for up to 90 days. Extensions beyond 90 days are available, as needed, which may require additional fees.

Anyone who has:
– Reached the age at which a mortgage can be legally obtained
– Has a valid ss number or Individual Taxpayer Identification Number (ITIN)
– Can provide legal residency documentation

Your monthly payments include principal and interest, as well as payments made to your escrow account. The escrow account payment may include homeowners and/or flood insurance, property taxes and monthly mortgage insurance, as applicable.

In order to make a credit decision, we require verification of your credit score and financial information. For your convenience, you can securely link accounts and/or upload documents to meet this requirement.