Lonestar Home Mortgage – FAQ
We prioritize speed, transparency, and care. Our team works closely with agents and clients to ensure a smooth, stress-free experience—from pre-approval to closing.
Most clients receive pre-approval within 24 hours. We know timing matters, especially in competitive markets.
Absolutely. We believe in strong partnerships and proactive communication to help agents serve their clients better.
We offer a wide range—including conventional, FHA, VA, USDA, and down payment assistance programs. We’ll help you find the best fit for your needs.
Yes — for over 30 years, Lonestar Home Mortgage has proudly specialized in VA loans. We’re deeply committed to serving those who’ve served, guiding veterans through every step of the process to ensure a smooth, stress-free experience. From securing the Certificate of Eligibility to closing day, we’re here to make homeownership simple and rewarding.
Yes! We love guiding first-time buyers through the process with clarity, patience, and personalized support.
Just reach out! Whether you're an agent looking to collaborate or a buyer ready to explore options, we’re here to help.
First-Time Homebuyer FAQ Sheet
The first step is getting pre-approved for a mortgage. This helps you understand your budget and shows sellers you're a serious buyer.
Down payments can range from 3% to 20% of the home’s price. Some loan programs offer lower down payment options for first-time buyers.
Closing costs typically range from 2% to 5% of the home’s purchase price. These include fees for the loan, appraisal, title, and more.
Most lenders prefer a credit score of 620 or higher, but some programs accept lower scores. A higher score may help you secure better rates.
Yes! A real estate agent helps you navigate the process, negotiate offers, and avoid costly mistakes. Their expertise is especially valuable for first-time buyers.
- Pre-qualification is an estimate based on self-reported info.
- Pre-approval is a more formal process involving credit checks and documentation, giving you a stronger position when making offers.
- 📍 Buying in North Texas? Start with Local Pre-Qualification
- North Texas continues to attract new residents with its vibrant communities and booming housing market. If you're planning to buy, here's something essential to know:
- 🏡 Pre-qualification by a local lender is required before viewing homes.
This step isn’t just a formality — it ensures a smoother experience, helps you stand out in competitive bidding situations, and shows sellers you’re serious.
- 🏡 Pre-qualification by a local lender is required before viewing homes.
- At Lonestar Home Mortgage, we offer fast, transparent pre-approvals tailored to the North Texas market. Our local expertise means fewer delays, better communication, and a team that’s ready to advocate for you.
It can take anywhere from 30 to 60 days once you’ve made an offer, depending on inspections, financing, and negotiations.
