The questions everyone asks us first.

It depends on the loan program — conventional loans typically want 620+, while FHA loans can work with scores as low as 580 with 3.5% down, and in some cases down to 500 with a 10% down payment. We look at your full financial picture, not just your score, so reach out even if you’re not sure where you stand.  Learn more about your loan options here.

Less than most people think! FHA loans can go as low as 3.5% down, USDA and VA loans can offer 0% down for eligible borrowers, and we also offer low-down-payment purchase options for conventional loans. We also offer down payment assistance programs across FHA, conventional, USDA, and VA loans — in some cases these can cover all of your down payment and closing costs. We’ll walk through what you qualify for based on your situation.

Pre-qualification is a quick estimate based on information you provide. Pre-approval involves verifying your income, assets, and credit, and results in a conditional commitment amount — this is what most real estate agents and sellers want to see before you make an offer.

Yes — it’s a core focus for New Story Lending. We offer dedicated first-time buyer and low-down-payment programs, and we take an education-first approach so you understand each step rather than just signing where you’re told.

New Story Lending offers fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA, VA, USDA, Jumbo, Rehab loans, Refinance, Non-QM (non-qualified mortgage) options such as DSCR and ITIN loans, and dedicated First-Time Homebuyer and Low Down Payment programs. We tailor the recommendation to your goals rather than pushing one product. Check out all of our loan options here.

Check our State Licensing page for our current, up-to-date list — our licensing footprint changes as we expand, so we keep the page current rather than quoting a number here.

Typically under 30 days from a complete application to closing, though it can move faster or slower depending on the loan type, appraisal scheduling, and how quickly documents are provided. We keep you updated at each milestone.

Generally: recent pay stubs, W-2s or tax returns (1 to 2 years for self-employed), bank statements, ID, and information on any other debts or assets. We’ll send a personalized checklist once you start the process so you’re not guessing.

Closing costs typically run 2-5% of the loan amount and can include appraisal, title, administration, and recording fees. We provide a Loan Estimate early in the process so there are no surprises at closing.

It’s free to get a personalized quote — request one or apply online through our site, and a loan officer will follow up to discuss your goals and the loan options that fit your situation. No pressure, no obligation to move forward.