Your path to homeownership starts here.

Don't believe the mortgage myths.

There are common misconceptions about the home loan process and we're here to lay those doubts to rest. Take a look at the top four mortgage myths!

1. You can't afford to buy a home.
   Monthly rent fees can sometimes be just as high or higher than a monthly mortgage payment. Our Gateway Loan Officers can help you determine how much mortgage you can afford and ultimately how much you could potentially borrow.

2. You have to put 20% down.
   Wrong! We have programs designed to minimize your out-of-pocket costs. This includes programs that may cover the entire down payment if required.

3. Your credit score has to be perfect to qualify.
   You're not automatically disqualified if you have a lower credit score. We look at many factors when considering a loan application which include your income, savings, assets, and any outstanding debt. However, taking steps to improve your credit score will help you obtain a lower interest rate.

4. Renting is cheaper than buying.
   At first glance, it might appear that way. The benefit of owning a home is that you're investing in your home's equity. And with inflation rising, your rent could end up higher than you expected.

We help make the homebuying process easy! Take a look at our step-by-step Homebuyers Guide to walk you through each part of the process and put your mind at ease so you can enjoy the journey.