Mortgage insurance is typically required when putting less than 20% down on a Conventional loan or with FHA loans. The cost and duration depend on the loan type and terms.

Yes, certain loan programs allow zero down payment, including VA loans and some down payment assistance programs. Eligibility depends on your situation and location.

A Conventional loan is not backed by the government and is ideal for borrowers with stronger credit profiles. These loans often offer lower mortgage insurance costs and more flexible property options.

A VA loan is a mortgage option available to eligible veterans, active-duty service members, and some surviving spouses. VA loans often require no down payment and do not require monthly mortgage insurance.

An FHA loan is a government-backed mortgage designed to help buyers with lower credit scores or smaller down payments. FHA loans are popular with first-time buyers and offer flexible qualifying guidelines.

North Star Mortgage Network offers access to multiple lenders, competitive wholesale pricing, and personalized guidance throughout the loan process. Every loan is structured around the borrower’s long-term financial goals, not a one-size-fits-all approach.

Affordability depends on income, debts, credit, down payment, and current interest rates. A mortgage professional can run scenarios to determine a comfortable monthly payment rather than just a maximum loan amount.

Yes. Many loan programs allow student loans, car payments, and other debts. What matters most is your debt-to-income ratio, which compares your monthly debts to your gross income.

No. Mortgage rates depend on several factors, including credit score, loan type, down payment, occupancy, and market conditions. This is why comparing options through a broker can make a meaningful difference.

Pre-qualification is an estimate based on basic information.Pre-approval is more accurate and includes a credit check and document review. A pre-approval carries more weight with sellers and real estate agents.