Common questions, answered plainly.

It depends on the loan program and your qualifications. Some conventional programs start near 3% down and FHA financing commonly starts at 3.5%, while jumbo and investment financing usually require more. California also has assistance programs for qualifying buyers. Vicky reviews your situation and explains what's realistic before you shop.

Yes. Self-employed borrowers can qualify with standard documentation, and when tax returns don't reflect true cash flow there are alternative documentation options such as bank statement or Non-QM programs. The right path depends on how your business income is structured.

Pre-approval is a lender's review of your credit, income and assets that estimates how much you may be able to borrow. It is not a loan commitment, but it shows sellers you're a serious buyer and helps you shop within a realistic price range.

A DSCR (Debt Service Coverage Ratio) loan is investor financing qualified primarily on the property's rental income rather than your personal income documentation. Lenders compare expected rent to the property's debt payment to determine eligibility.

Non-QM means the loan does not meet the standard Qualified Mortgage guidelines. These programs use alternative documentation — such as bank statements or asset depletion — for borrowers with non-traditional income. Terms and pricing differ from agency loans.

It depends on your current rate and loan terms, how long you plan to keep the home, your equity, and the cost of the new loan. Refinancing makes sense when the long-term benefit outweighs the cost. Vicky will walk through the numbers with you honestly, including when staying put is the better answer.

First-time buyers often consider conventional low-down-payment programs, FHA financing, VA financing when eligible, and California down payment assistance. The best fit depends on credit, savings, income and the property you're buying.

Timelines vary by program, property and how quickly documentation is provided. A pre-approval can often be completed quickly, while a full loan approval and closing typically takes several weeks. No lender can guarantee a specific approval or closing date.