Mortgage Calculator

Home Value: $
Loan amount: $
Interest rate: %
Loan term: years
Start date:
Property tax: %
PMI: %
Output parameters
Mortgage Calculator Script

Mobile App

Search properties on the go
Download my free mobile app
For iOS and Android
Think you can't qualify for a loan? Guess Again?

A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.

1. Down Payment

The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 36% think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less. Here are the results from a Digital Risk survey done on Millennials: Millennials Down Payments | Keeping Current Matters

2. FICO Scores

The Ipsos survey also reported that two-thirds of the respondents believe they need a very good credit score to buy a home, with 45 percent thinking a “good credit score” is over 780. In actuality, the average FICO scores of approved conventional and FHA mortgages are much lower. Here are the numbers from a recent Ellie Mae report: FICO Score Of Approved Loans | Keeping Current Matters

Bottom Line

If you are a prospective purchaser who is ‘ready’ and ‘willing’ to buy but not sure if you are also ‘able’, sit down with someone who can help you understand your true options.


WE are driven and devoted to make all clients feel as they have received the highest level of service possible! You will be pleased with the personal attention and promptness WE PROMISE you! Our Buyer's Agents will do all they can to make sure you are seeing those homes that could lead to your potential purchase. Make a consultation appointment with one of our educated Buyer's Agents today to see if you are ready to buy. WE can set you up with one of our Mortgage Representatives immediately to see what you can afford. Bad credit? These same individuals can put you on a plan to clean up your credit so that you will be able to buy in the future!

We are waiting to be your Outstanding Realtor Team!

Different by

Keller Williams Realty takes a different approach to real estate, one that is built on personal touches, win-win deals and positive results. We use the latest technologies, market research and business strategies to exceed your expectations.  


How WE can help

Thanks for starting your real estate search with us. This website is full of information for you whether you are looking to buy or sell. After you have had the chance to review this information, contact us so we can tell you more about how we can help.

Thank You,

Jennifer, Tracy, Missy, Sandy, Derrick, Danae and Aaron

Are you ready to start the home search but don't know where to turn for a loan or to pre-qualify. Contact us and we can get you in touch with the best in the business!

For Your Homes Free Valuation!