Mortgage learning center
Good questions make a better next step.
Use these guides to understand the basics before you apply or talk with April. Each page explains trade-offs to compare—not a promise of eligibility or savings.
Your next step.
Buying a home
Start with payment comfort, purchase range, down payment, and timeline.
Read buying guide →Refinancing
Understand rate and term changes, cash-out goals, and total cost.
Read refinance guide →VA loans
Learn about eligibility, down payment, funding fees, and lender charges.
Read VA guide →Reverse mortgages
Explore HECM purchase and refinance basics, age rules, and obligations.
Read reverse guide →New construction
Plan construction loan timing, draw process, and permanent financing.
Read construction guide →Rate buydowns
Compare borrower-paid points and temporary buydowns.
Read buydown guide →Utah mortgage guide
Find state homebuyer resources and local loan-planning questions.
Read Utah guide →Common questions
Mortgage FAQs
Can I buy a home with no down payment?
Some eligible VA buyers may qualify for no-down financing, and certain programs or assistance may help other buyers. Entitlement, property, price, and lender rules matter. No down payment does not necessarily mean no cash is needed at closing.
How much down do I need for FHA or conventional financing?
Eligible FHA borrowers may qualify for as little as 3.5% down. Some conventional paths may be available around 5% down for qualified buyers. Compare mortgage insurance, rate, costs, and reserves too.
Can refinancing pay off debt or fund a remodel?
A cash-out refinance may let an eligible homeowner borrow against equity, subject to underwriting and loan-to-value limits. Compare the new loan’s rate, payment, total interest, and closing costs with alternatives.
Can a reverse mortgage help me buy another home?
An eligible older borrower may use a HECM for Purchase to buy a primary residence, generally with a substantial down payment. The borrower must maintain the home, pay taxes and insurance, occupy it, and meet loan terms.
Does a rate alert mean I should refinance?
No. A rate movement can be a reason to review your loan. Whether refinancing helps depends on rate, costs, term, equity, eligibility, and how long you expect to keep the loan.
How quickly can I get an answer after applying?
Some complete Rate applications may receive an initial automated response within minutes. Timing and results vary; an initial response is not a final loan approval or commitment to lend.