At this point, you want to live or invest in a potential property. You worked hard to save up, clean your credit, and progress at work. Have a place of your own to call home.
Loans
Purchase
At this point, you want to live or invest in a potential property. You worked hard to save up, clean your credit, and progress at work. Have a place of your own to call home.
What Makes a Great
Purchase Experience
Live Comfortably
Qualify for a monthly mortgage payment within your means. A good loan officer and our technology is your best asset.
Gain Knowledge
You should be more informed about the home-buying process, obtaining financing,
and investing.
and investing.
Hands-on Support
You will always know your loan status, and we will answer any questions you may have.
Live Comfortably
Qualify for a monthly mortgage payment within your means. A good loan officer and our technology is your best asset.
Gain Knowledge
You should be more informed about the home-buying process, obtaining financing, and investing.
Hands-on Support
You will always know your loan status, and we will answer any questions you may have.
Our Products
Conventional Loans
This is our most popular program for purchasing and refinancing a new home. Depending on your qualifications, the maximum loan amount can be 97% of the value of your primary residence, secondary residence, or investment property. You can put as little as 3% down.
FHA
Loans
Insured by the Federal Housing Administration (FHA), this is a great option for first-time buyers. If you have a limited down-payment, limited credit history, or blemishes on your credit history, it is easier for you to qualify. FHA offers low-interest rates for affordable monthly payments.
Non-QM Loans
Non-QM is beneficial to business owners, wage earners, independent contractors, freelancers, non-citizens with ITIN, foreign-national investors, plus fix-and-flip investors. This product requires minimal income and asset documents. Loan qualifications for Non-QM are very flexible.
Jumbo
Loans
Jumbo Loans are residential loans that exceed maximum loan limits set out by FannieMae, FreddieMac, and FHA. This product is excellent for luxury properties (e.g., custom homes, penthouses, mansions).
Conventional Loans
This is our most popular program for purchasing and refinancing a new home. Depending on your qualifications, the maximum loan amount can be 97% of the value of your primary residence, secondary residence, or investment property. You can put as little as 3% down.
FHA Loans
Insured by the Federal Housing Administration (FHA), this is a great option for first-time buyers. If you have a limited down-payment, limited credit history, or blemishes on your credit history, it is easier for you to qualify. FHA offers low-interest rates for affordable monthly payments.
Non-QM Loans
Non-QM is beneficial to business owners, wage earners, independent contractors, freelancers, non-citizens with ITIN, foreign-national investors, plus fix-and-flip investors. This product requires minimal income and asset documents. Loan qualifications for Non-QM are very flexible.
Jumbo Loans
Jumbo Loans are residential loans that exceed maximum loan limits set out by FannieMae, FreddieMac, and FHA. This product is excellent for luxury properties (e.g., custom homes, penthouses, mansions).
Common Purchase Questions
What are the conventional loan requirements at iApprove Lending?
- A minimum 3% down payment. Down payments can include a gift.
- A minimum FICO® Score of 680
- Sellers can pay for your closing costs.
- Monthly combined liabilities (e.g., credit card payments, loan payments, housing expenses) do not exceed 50% of your monthly pre-tax income.
An advisor will inform you about any additional requirements.
What are the FHA loan requirements at iApprove Lending?
- FHA’s are for primary properties (where you intend to live),
- Property conditions meet housing codes
- A minimum 3.5% down payment
- A minimum FICO® Score of 660
- You can finance money to cover the upfront mortgage insurance premium (UFMIP) into the loan.
- Monthly housing expenses cannot exceed 47% of your pre-tax income. Total Monthly combined liabilities (e.g., housing expenses, credit card payments, loan payments) do not exceed 57% of your monthly pre-tax income.
We will guide you if additional requirements are needed.
When would I choose a Conventional Loan versus an FHA Loan?
FHA is great for first-time buyers – its low down payment requirement is a great way to get your foot in the door of the housing market. FHA loans are only for primary residences.
We recommend Conventional for those who have experienced home buyers with optimal credit scores.
Every situation is unique; our loan officers will guide you in the best mortgage program and terms that suit your needs.
Do I need to do an appraisal report?
An appraisal report is typically required on purchase transactions, although some lucky buyers might receive Property Inspection Waivers.
What documents are necessary for a loan purchase?
If you are a salaried employee or a wage-earner:
- Two forms of identification: Social Security card, Driver’s License, Passport, Green Card, or SSA-89 form
- Pay stubs covering the most recent 30 days
- W-2s for the last two years
- Asset information such as bank account statements, 401(K) or retirement account statements, stock or mutual funds statements
If you are self-employed:
- Two forms of identification: Social Security card, Driver’s License, Passport, Green Card, or SSA-89 form
- Most recent 2-year personal tax returns
- Most recent 2-year business tax returns if your business is incorporated
- Personal asset information such as bank account statements, 401(K) or retirement account statements, stock or mutual funds statements
Any additional documents will depend on your loan scenario, which we will happily guide you. Your Loan Officer will see if you are eligible for Non-QM.
From our customers
Mike T.
“I can’t tell you how awesome iApprove Lending has been to me. I went to 4 different places to get my loan done. All I wanted was to purchase a house for my wife and myself. Everyone else told me that I didn’t qualify because I am Self-Employed and I didn’t clear enough money. iApprove Lending got my loan done in 26 days, and worked right through the holidays. They were awesome, and their staff guided me through my first home purchase, explained everything to me, and made sure that I understood what I was doing. I could do more to recommend iApprove Lending to everyone I know. Thank you, guys! You’re the absolute best!!”
La Mirada, CA
Thien T.
“I was recommended by my brother and I am happy that I did. Randy and his team were very responsive as well as honorable in the process ad no hidden fees. Everything is explained up front and we closed escrow as promised with no hidden fees. I will certainly return to Randy & iApprove Lending for future finance/refinance needed. I would recommend it to anyone who considers re-finance or have a need for a new mortgage of a new house or business!”
Ridge, NY
Lang T.
“I refinanced my mortgage on my house twice in the last ten years. This lender has done it each time. Their process was quick, simple, and transparent. They delivered on the promises regarding locking interest rates and closing on time. I have confidence in them when I have mortgage needs.”
Santa Ana, CA
Jay L.
“All my loans were approved quickly and easily! I would definitely recommend this place to someone else.”
Garden Grove, CA
Krystal K.
“I’ve worked with them for a while and they work efficiently! Many inquiries from them only come from verification. They were very clear with their policies and they have such nice workers. Their customer service is nice and confident, and within two weeks my approval went through! I received a great deal in the end.”
Costa Mesa, CA
Viet N.
“Got me all sorted and ready go! Quick and Painless!”
Orange County, CA
Robin L.
“Randy and his team made the process of refinancing very easy and painless. They have gotten us great rates over the years and always try to find ways to help us. We will continue to use this amazing company and I highly recommend you contact them if you want to work with a reliable team who can help you with your refinancing needs.”
Orange County, CA
Kevin L.
“I have used IApprove Lending for many years for new home purchases and refinances. They always do a great job of getting me the best rates and doing things as quickly and painlessly as possible. I refer my family and friends to them all the time.”
Lake Forest, CA
Vincent N.
“I just completed the refinance with iApprove Lending. Toan Thi is my Mortgage Loan Officer, he is very helpful and makes the process easy and fast. During this COVID-19, my refinance could be able to close within 4-5 weeks. From 2017 to 2019, Toan also helped me with new loan and refinance. Thanks so much Toan and iApprove Lending.”
Huntington Beach, CA
Alan T.
“I was recommended by my mother who refinanced with Randy Nguyen. I am happy that I did as Randy worked with me to get the rate I wanted and was flexible with a few changes along the way. Randy and his team were very responsive as well as honorable in the process, as you know some out there will try and get away with charging hidden fees..”
Irvine, CA
Debbie N.
“Good Lender! our mortgage broker used them. They can lock in the interest rate the same day and close the deal in 21 days. Overall smooth transaction, If you give them all the documents upfront.”
Santa Ana, CA
Chi N
“I just completed a purchase mortgage with iApprove Lending in less than 21 days. Randy and Bryan are very responsive and helpful. The process was easy and smooth. Strongly recommended!!!!”
Cypress, CA
L.Tran
“John is extremely nice and very friendly. He did not make us feel dumb for asking millions of questions. We HIGHLY recommend John for your real estate and mortgage needs. He also got our mortgage very quickly and smoothly.”
Houston, Texas
Robin N.
“We did not think we would qualify for a loan to purchase our house. We can not believe there are loan officers out there like John. He took the time to explain to us what lenders are looking for. He even helped us with our credit scores. We can not thank him enough for putting us in our dream home.”
Cypress, TX
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right now
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