Frequently Asked Questions
It usually takes 30 to 45 days. Hard money loans can close in 10 to 21 days
Yes, Jumbo Loans usually require a higher down payment than conforming loans. Most lenders require at least 10% to 20% down. The team at ALT Financial can help you explore options to meet these requirements.
You typically need a credit score of 580 or above for the minimum 3.5% down payment. Other factors include a manageable debt-to-income ratio and proof of steady income.
Generally, you’ll need proof of income, employment verification, credit history, and property information. Teresa provides a detailed checklist and helps you organize everything needed for a smooth, stress-free process.
Working with a local expert means you get personalized, one-on-one attention. I have in-depth knowledge of the Henderson, NV market and am readily available to answer your questions. Unlike a call center, you’ll have a single point of contact dedicated to securing the best possible loan for you.