There are several factors to consider before buying a house, such as your financial situation, credit score, employment stability, and lifestyle goals. We can assess your readiness and help you determine how much house you can afford.

We offer a range of mortgage options, including conventional, FHA, VA, jumbo, and adjustable-rate mortgages. As an experienced team, we can help you choose the right type of mortgage for your needs and goals. We also offers on-Conforming/Non-QM Mortgages.

To apply for a mortgage, you typically need to provide personal and financial information, such as your income, assets, debts, and credit history. We can assist you with the application process and ensure that all the necessary documents are submitted.

Your borrowing capacity depends on several factors, such as your income, expenses, debts, and credit score. We can help you calculate your maximum loan amount and provide you with a pre-approval letter to show sellers that you're a serious buyer.

Getting pre-approved for a mortgage involves submitting your financial information to a lender for review. The lender will evaluate your creditworthiness and determine how much you can borrow. We can help you get pre-approved and provide guidance on how to improve your chances of approval.

A fixed-rate mortgage has a stable interest rate that remains the same throughout the loan term, while an adjustable-rate mortgage (ARM) has an interest rate that can fluctuate based on market conditions. We can explain the pros and cons of each type and help you choose the best option for your situation.

The term of your mortgage refers to the number of years it takes to repay the loan. A 15-year mortgage typically has higher monthly payments but lower total interest costs, while a 30-year mortgage has lower monthly payments but higher total interest costs. We can help you evaluate your options and choose the term that fits your budget and financial goals.

The down payment is the initial payment you make toward the purchase price of the property. The amount of the down payment varies depending on the type of mortgage and the lender's requirements. We can help you determine how much you need for a down payment and explore your options for down payment assistance.

Having bad credit can make it harder to qualify for a mortgage, but it's not impossible. We can help you explore your options for improving your credit score and finding lenders who specialize in bad credit mortgages.

To apply for a mortgage, you typically need to provide personal and financial documents, such as your income tax returns, bank statements, pay stubs, and identification. We can provide you with a list of required documents and help you prepare your application.

The mortgage approval process can take anywhere from a few days to several weeks, depending on several factors. These factors include the lender's processing times, the complexity of the loan, and the borrower's financial profile. Generally, the process involves submitting an application, providing documentation such as income and employment verification, and waiting for the lender to review and approve the application. The lender may also conduct an appraisal of the property to ensure it is worth the loan amount. To speed up the process, borrowers can ensure that they have all the necessary documents ready and respond promptly to any requests for additional information from the lender. Working with a mortgage broker can also help streamline the process and ensure that the application is complete and accurate from the start.

Yes, you can still qualify for a mortgage if you're self-employed. However, the process may be more complex as lenders typically require additional documentation to verify your income. We can help you navigate the process and find a lender who understands the unique needs of self-employed borrowers.

Your monthly mortgage payments depend on several factors, such as the loan amount, interest rate, and loan term. We can help you calculate your estimated monthly payments and provide you with a detailed breakdown of the costs associated with your mortgage.

There are several fees associated with getting a mortgage, such as application fees, appraisal fees, origination fees, and closing costs. We can help you understand the fees involved and find ways to minimize your costs.

To get the best mortgage rate, you need to have a good credit score, a stable income, and a low debt-to-income ratio. We can help you improve your financial profile and negotiate with lenders on your behalf to secure the best possible rate.

The time it takes to close on a mortgage can vary depending on the lender, the complexity of the loan, and other factors. Typically, it takes 30-45 days to close on a mortgage. But we closed numerous loans that closed in less than two weeks; We can help you stay on track and ensure that the process goes as smoothly and fast as possible.

A mortgage prepayment penalty is a fee that some lenders charge if you pay off your mortgage early or make extra payments beyond a certain amount. Most traditional mortgages we offer comes with NO prepayment penalty.

Yes, you can refinance your mortgage to lower your interest rate, reduce your monthly payments, or access your home equity. We can help you determine if refinancing is right for you and guide you through the process.

To choose the right mortgage broker, look for someone who is experienced, knowledgeable, and responsive to your needs. Check their credentials and reviews, and ask for referrals from friends and family. At Siena Financial, we are licensed professionals with a track record of success, and we are committed to providing personalized service and tailored solutions to each of our clients.