Does a credit inquiry affect my credit score?
Not as much as you might think; but its important to understand when, how long, and what is the impact.
When should I apply for a home loan and how?
You should apply for a loan as soon as you are ready to start house hunting. Most if not all realtors will need your pre-approval letter from the lender for an offers submitted. Your realtor can assist you with lenders if you do not already have one selected.
Do I need a lot of money for closing cost and a down payment?
You need some funds but maybe not as much as you think!
Is a high credit score needed to get approved for a loan?
There are flexible loan programs that fit various buyer needs. You don’t need the highest credit score but a consistent payment history and a good score is a great start!
