Get the guidance you need!


Below are some of our frequently asked questions If you have additional questions that you don't see here, email us here, so we can respond to your inquiry.

Frequently Asked Questions


What is the difference between a lender and a broker?

A lender will close and fund the loan directly but they only have the products and rates that they offer, which can be limited.... When lenders compete buyers gain the advantage!

What is the minimum credit score to qualify for a loan?

Each lender is different and that is one of our advantages as a broker We are not tied down to a specific lender requirement because we can shop a loan to different lenders who are willing to accept lower scores. We can go as low as 500!

I have seen the term DSCR what is that?

A DSCR (Debt-Service-Coverage-Ratio) program is an investment loan for a non-owner occupied, income producing property. ........ If you are looking to get an investment property and cannot qualify based on your W2 or self employed income, then this is a good way to go for your investment properties.

What is a FICO Score?

A FICO score is a credit score that is calculated based on a person's credit report. It is used by lenders to determine the creditworthiness of an individual. The FICO score ranges from 300 to 850, with a higher score indicating a lower credit risk.

I have seen the term DTI. what does that mean?

DTI stands for Debt-to-Income ratio and is a key factor that lenders consider when evaluating a borrower's ability to repay a home loan. DTI compares a borrower's total monthly debt payments to their gross monthly income.

Can I get a loan if I have deferred student loans?

Student loans are commonly deferred while one is still in college or with a hardship. You can still get a loan, although the lender will calculate the total amount of the student loans time .5 % towards your monthly debt

Does a FHA loan require repairs?

FHA (Federal Housing Administration) loans do not require repairs to be made by the seller or borrower in order to be approved for the loan. However, FHA appraisers may identify certain repairs or improvements that are necessary for the property to meet minimum property standards.

Have other questions?

email us here for any additional questions and check back soon for regular updates!

Contact Info

Address: 1044 Central St., Suite 202 Stoughton MA 02072

Additional Info

we arrange, but do not make loans

Mortgage Broker#182564

Licensed in Massachusetts, Rhode Island, Florida

© Copyright 2023. Easy Apps Mortgage, Inc All rights reserved.

NMLS Consumer site: