Your Home Loan Expert.

Approved & Moved has one goal. To make sure that you feel educated and supported throughout your home buying journey. 

What we can do to help you.

Mortgages are not a one size fits all loan. Everyone has a different financial picture and has different needs. We can help in all aspects of the homebuying process! 

Home Loans

We offer a wide range of home loans to help you secure the best deal.

Home Refinance

Whether you are wanting to reduce your interest rate, or pull some money out, we can help you.

Down Payment Assistance

Don't let a down payment stop you from buying a home. We have access to many down payment assistance programs to help you get into a new home.

Free Credit Score

Do you want to know what your credit score is before you apply for a home loan? Check out our free credit monitoring.

Mortgage Calculators

Check out our calculators to get an idea of what payments would look like.

Around the clock Mortgage Advice

Questions come up at all times of the day. We make sure to be available to answer your questions as they come up.

The Mortgage Approval Process

Applying for a home loan is just like applying for any other type of credit. A lender will need to review your application, employment history and credit.

From there, the lender will be able to let you know what your max approval amount, loan program and down payment requirements will be. 

By getting pre-approved for a home loan, you’ll ensure a smooth homebuying process. 

Frequently Asked Questions

Do you have specific questions relating to your own financial situation that you don’t see answers to? 

Click the button below to speak with a licensed Mortgage Loan Consultant. 

What is a mortgage pre-approval?

A mortgage pre-approval is a preliminary assessment by a lender to determine how much money they are willing to lend you for a home purchase, based on your financial information and creditworthiness.

It provides you with a clearer understanding of your budget when shopping for a house and can make your offer more appealing to sellers.

How long does a pre-approval last?

A mortgage pre-approval typically lasts for about 60 to 90 days, but this duration can vary depending on the lender and their policies. It’s essential to check with your lender for the specific expiration date of your pre-approval and to renew it if needed before making an offer on a home.

How much money do I need for a down payment?

The amount of money you need for a down payment on a home can vary widely depending on factors such as the price of the home and the type of mortgage you’re applying for. Generally, down payments can range from 3% to 20% of the home’s purchase price.

What does my credit score need to be in order to qualify?

The credit score needed to qualify for a mortgage can vary depending on the lender and the type of loan, but a FICO score of 620 or higher is often considered the minimum for conventional mortgages. Some loan programs will allow FICO scores as low as 520. However, to secure more favorable terms and lower interest rates, it’s generally recommended to have a credit score of 700 or higher.

When should I apply?

It’s a good idea to apply for a mortgage when you’re serious about buying a home and have a clear understanding of your budget. Many homebuyers apply for a mortgage before they start house hunting, as a pre-approval can help them determine their price range and make their offers more attractive to sellers.

When should I lock my interest rate?

Most homebuyers consider locking their interest rate for a mortgage when they have an accepted offer on a home. Some lenders are able to lock your interest rate before you have an accepted offer. Interest rates can fluctuate, so locking in a rate helps ensure that you’ll secure the agreed-upon rate even if market rates rise before your loan closes.

What goes into a mortgage payment?

A mortgage payment typically consists of four main components: principal, interest, taxes, and insurance, often referred to as PITI. The principal is the amount you’re paying towards the loan balance, interest is the cost of borrowing, taxes are property taxes, and insurance includes homeowners insurance and, if applicable, private mortgage insurance (PMI).

What is PMI or private mortgage insurance?

PMI, or Private Mortgage Insurance, is a type of insurance that lenders typically require when borrowers make a down payment of less than 20% of the home’s purchase price. It protects the lender in case the borrower defaults on the mortgage, and the cost is added to the borrower’s monthly mortgage payment.

What are the costs associated with buying a home?

The costs associated with buying a home include the down payment, appraisal, title fees, lender fees and prepaid expenses like property taxes and homeowners insurance. You’ll also want to consider moving expenses, utility service setup fees and maintenance. It’s essential to budget for all these expenses. homeowners insurance, and maintenance. It’s essential to budget for all these expenses to ensure a smooth home buying process.

What is the differences between a lender and realtor?

Realtors assist with finding and showing properties, negotiating deals, and handling the real estate transaction, while mortgage lenders provide the financing for the purchase.

What our clients have to say

Nick R.
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Haydn was phenomenal to work with! He made the process very straightforward, answered all my questions, and was a pleasure to talk to. Highly recommend Haydn to anyone looking to buy a home!
Nathan P.
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I had a great experience with Haydn. He was always available to answer all my questions, and explained things every step of the way.
Gabriela S.
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Haydn was an amazing loan officer!!! He was very proactive and on top of everything. Haydn made the experience as easy and stress free as possibly by keeping me informed and on track at every step of the way. Thank you Haydn!!
Tracey B.
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Haydn has an amazing work ethic. His attention to detail and good communication skills are just a few of the reasons why you should use Haydn for your next loan. Highly recommend!!
Anthony A.
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As an agent to the transaction, working with Haydn made my job a lot easier. Communication was thorough and goes out of his way to see the transaction through to the end. Much appreciation!
Marc D.
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Haydn was absolutely fantastic throughout the whole process of buying. He walked me through every step, explaining everything clearly and always responded quickly to a text or phone call.
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Haydn is trustworthy and never stops amazing me! He is very dedicated to giving the best customer service. Highly recommended!
Shannon J.
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I applied for a home mortgage with Haydn for our second home in AZ; however, Haydn didn't have his license for AZ yet. That said, he was very helpful in answering all of our mortgage loan questions during the application process. He is very knowledgeable, thoughtful, helpful -- and quick to respond to emails and voicemails. If you have any mortgage questions, ask Haydn!
Alaina H.
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Working with Haydn was so easy I didn’t have to worry about numbers or anything he calculated everything for us gave us the breakdown and made life so simple and easy
Zack C.
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I am a real estate agent who works with Haydn often. I will always send my clients his way. He is always available to answer our questions and get me and the buyers what we need. He also delivers information regarding the loan clearly, itemized, and transparent.
Pat M.
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Haydn was extremely helpful in this entire process. Answered all questions, was on top of it from the start.
Caleb H.
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Motivated. Go-getter. Hard working. Reliable. Humble. Transparent. Went above and beyond expectations while maintaining a professional attitude. Never had to second guess the product and services provided. Will highly recommend to anyone in North Dakota, Minnesota or any other state.
Ann M.
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Great to work with. Very responsive

Ready to get pre-approved?

Getting pre-approved is the first step when purchasing a home. Let’s get the ball rolling!

VA Mortgages

No Down Payment Required: VA mortgages offer the advantage of not requiring a down payment, making homeownership more accessible for eligible veterans and active-duty service members.

Competitive Interest Rates: VA loans often feature competitive interest rates, which can save you money over the life of your mortgage.

No Private Mortgage Insurance (PMI): VA loans do not require private mortgage insurance, which can reduce your monthly mortgage costs.

Flexible Credit Requirements: While there are no strict minimum credit score requirements, lenders may have their own standards, but VA loans tend to be more forgiving when it comes to credit history.

Funding Fee: Most VA borrowers pay a funding fee, which helps sustain the VA loan program but can be rolled into the loan amount, reducing the upfront costs of the mortgage.

Bank Statement Loans

Alternative Documentation: Bank statement mortgages are an alternative to traditional income documentation loans, allowing homebuyers to use their bank statements to prove their income.

Self-Employment and Income Variability: They are often a suitable choice for self-employed individuals or those with variable income streams, as they provide flexibility in verifying income.

Higher Interest Rates: Bank statement mortgages may come with slightly higher interest rates and fees compared to traditional mortgages due to the increased risk for lenders.

Strict Lender Requirements: Lenders may have specific requirements for the number of months’ worth of bank statements, minimum credit scores, and other criteria, so it’s crucial to understand the lender’s expectations.

Limited Availability: These mortgages are not offered by all lenders, so it’s important to research and find a lender experienced in bank statement mortgages if you believe this is the right option for your unique financial situation.

DSCR Mortgages

Commercial Real Estate Financing: Debt Service Coverage Ratio (DSCR) mortgages are typically used for commercial real estate investments and are not meant for traditional residential homebuyers.

Income-Driven Qualification: DSCR loans focus on the property’s income potential rather than the borrower’s personal income, so it’s essential to have a solid understanding of the property’s rental income or cash flow.

DSCR Calculation: Lenders assess the property’s DSCR by dividing the property’s net operating income (NOI) by the mortgage payment, so a higher DSCR indicates a better chance of loan approval.

Higher Down Payment: DSCR loans often require a larger down payment compared to residential mortgages, typically around 20% or more, so be prepared for higher upfront costs.

Rental Property Considerations: These loans are more suitable for real estate investors or individuals looking to purchase income-producing properties, and they often involve more stringent approval processes and underwriting criteria than traditional home mortgages.

USDA Mortgages

Rural Location Requirement: USDA mortgages are available for properties located in designated rural areas, so it’s important to ensure your desired home qualifies under the program’s location criteria.

No Down Payment Required: One of the most significant benefits of USDA loans is that they do not typically require a down payment, making homeownership more accessible for eligible borrowers.

Income Eligibility: USDA loans have income limits, and to qualify, your household income must fall within these limits, which vary by location and family size.

Guarantee or Direct Loans: USDA offers two types of loans: guaranteed loans from approved lenders and direct loans from the USDA itself, so it’s essential to understand the differences and choose the right option for your situation.

Funding Fee: While USDA loans don’t require private mortgage insurance (PMI), they do involve an upfront and annual fee, which can be rolled into the loan but should be factored into your budget.

Adjustable Rate Mortgages

Initial Low Interest Rate: ARM mortgages typically offer a lower initial interest rate compared to fixed-rate mortgages, which can lead to lower initial monthly payments.

Interest Rate Adjustments: ARM loans have periodic interest rate adjustments, which can result in higher monthly payments if market interest rates rise.

Index and Margin: The interest rate adjustments are based on an index and a margin specified in the loan terms, and understanding how these components work is crucial for predicting future payment changes.

Caps and Limits: ARM mortgages often have interest rate caps and limits that restrict how much the interest rate can increase during each adjustment period or over the life of the loan.

Risk and Planning: Homebuyers need to carefully consider their financial situation and long-term housing plans as ARM loans can be riskier due to potential payment increases, but may be suitable for those who plan to move or refinance before the initial fixed-rate period ends.

Down Payment Assistance

Financial Assistance: Down payment assistance programs provide financial support to help homebuyers cover a portion of their down payment and sometimes closing costs.

Eligibility Requirements: These programs often have specific eligibility criteria, such as income limits, credit score requirements, and sometimes, the need to complete homebuyer education courses.

Types of Assistance: Down payment assistance can come in the form of grants, loans, or second mortgages, with some programs forgiving the assistance over time if certain conditions are met.

Program Availability: Availability and terms of down payment assistance programs vary by location and can be offered by federal, state, or local governments, as well as non-profit organizations or private entities.

Impact on Homeownership: Utilizing down payment assistance can make homeownership more achievable for those with limited savings, but it’s important to understand the terms and obligations associated with the assistance to make an informed decision.

Home Loan Refinance

Lower Interest Rates: Mortgage refinancing can enable you to secure a new loan with a lower interest rate, potentially reducing your monthly payments and saving you money over the life of the loan.

Equity Utilization: Refinancing can allow you to tap into your home’s equity, either through a cash-out refinance or a home equity line of credit (HELOC), providing funds for major expenses or debt consolidation.

Closing Costs: Be aware of the closing costs associated with refinancing, which can include fees for appraisal, title search, and application, and evaluate whether the potential savings outweigh these expenses.

Loan Term Adjustment: You can adjust the length of your mortgage term when refinancing, potentially switching from a 30-year to a 15-year loan or vice versa, which impacts your monthly payments and overall interest costs.

Credit and Financial Health: Your credit score and financial health play a significant role in your ability to refinance, so it’s important to maintain good credit and financial stability to secure the best terms and rates.

FHA Mortgages

Low Down Payment: FHA mortgages are known for their low down payment requirement, typically as low as 3.5% of the home’s purchase price.

Government-Backed: FHA loans are insured by the Federal Housing Administration, reducing the risk for lenders and allowing borrowers with lower credit scores to qualify.

Mortgage Insurance Premiums (MIP): FHA loans require upfront and annual mortgage insurance premiums, which increase the overall cost of the loan and should be factored into your budget.

Flexible Credit Requirements: FHA loans are more lenient regarding credit scores and may be accessible to borrowers with lower credit profiles, but individual lender requirements may vary.

Property Standards: FHA properties must meet specific safety and condition standards, and the loan can be used for various property types, including single-family homes, condos, and multi-unit properties.

Conventional Mortgages

Varying Down Payment Options: Conventional mortgages offer a range of down payment options, with the standard typically being around 20%, but some lenders may accept lower down payments.

Private Mortgage Insurance (PMI): If you make a down payment of less than 20%, you’ll likely need to pay for PMI until you reach 20% equity in the home, which adds to your monthly costs.

Credit Score Importance: Conventional loans often have stricter credit score requirements compared to some other loan types, so a good credit history is essential.

Loan Limits: Conventional loans have loan limits set by the Federal Housing Finance Agency (FHFA), which can vary by location, and exceeding these limits may require a jumbo loan with different terms.

Fixed and Adjustable Rates: Conventional mortgages come in both fixed-rate and adjustable-rate options, allowing you to choose the type of interest rate that suits your financial goals and risk tolerance.