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America’s Mortgage Solutions FAQs

The team at America’s Mortgage Solutions receives many questions on a daily basis. To give you some of the answers you may be looking for, we created this FAQ page.

If you have questions we did not answer below, please contact us. We would love to get you in for a consultation and take as much time as you need to answer every question you have in detail.


Q: What is the interest rate?

The only way for us to tell you the interest rate you might pay on a mortgage would be to provide you with a personalized estimate.

Mortgage pre-approval is a process through which you can receive that estimate.

Individual factors determine what you qualify for, such as your credit score, income, and debt-to-income (DTI) ratio.

Mortgage rates change continuously as well, so when your loan is approved is another determining factor.

Q: How high will my down payment be?

Your down payment is like your interest rate in that individual factors determine what you qualify for.

Along with those factors (i.e. your credit score and DTI ratio), we also must consider the type of mortgage for which you are applying.

Q: What if I cannot afford a 20% down payment?

Buying a home does not require a 20% down payment as many first time homebuyers believe.

In fact, no down payment is necessary if you qualify for a VA mortgage or a USDA home loan.

Low down payments also are available to borrowers applying for conventional and FHA loans, depending on their credit scores.

What if you do not qualify for a low enough down payment to buy a home right away?

Some borrowers choose to wait, but you can also check whether you are eligible for any down payment assistance programs.

Sometimes that makes it possible to purchase a home immediately. We can explain more to you about your options during your consult.

Q: What credit score is required?

The credit score requirements vary from loan product to loan product. To find out the current requirements for the type of loan that interests you, please ask us directly.

We can also check your score and simply tell you what loan products you may qualify for based on your score during the pre-approval stage.

It might be possible to increase your score before you apply for a home loan. We can give you ideas for how to do this quickly once we know more about your scenario.

Q: How much can I borrow to purchase a home?

Many of the same factors that impact the answers to the other questions in this list also affect how much you are able to borrow when you are shopping for a home.

We will look at your qualifications and also the type of mortgage for which you are applying when telling you the upper limit.

There also are sometimes specific caps for different lending products. For example, a conforming loan must be within the Fannie Mae and Freddie Mac conforming loan limits.

If the loan limits for a particular product are too low for you, we can recommend alternatives (for example, non-conforming loans).

Q: What area do you serve?

Our headquarters are in North Palm Beach and West Palm Beach. But we serve the entire state of Florida.

Q: Can I buy a home even if I do not have a W-2?

Did a bank turn you down when you tried to buy a home without a W-2 form? This still happens a lot with big box lenders, despite how many homebuyers simply do not have this form.

We do not require this form if you do not have it. Instead, we invite you to apply through our simple and fast bank statement loan process. We use your bank statements to document your income instead of a W-2.

See What Our Clients Are Saying About Us

L McDonough
L McDonough
20:01 18 Jul 22
Best experience in financing ever! Professional, courteous, and prompt service! Highly recommend!
Kevin Coumes
Kevin Coumes
00:39 02 Jun 22
Christian Penner and his team are remarkable! True professionals at their best! I will always use Christian and his team for all of my lender needs in South Florida - period.Marni, Andrea, and Christian are experts at what they do! Call Christian and his team for trusted and expertise that you need when financing real estate!
Brian Sharkey
Brian Sharkey
14:35 22 Sep 21
When you need a local lender as the customer it is important to look for someone who can be organized and prepared for any local issues that can ruin a deal, know the community and how to get you funded on time. Meet Marni from Christian Penner Group for an amazing experience. I recommend you contact her she will call you back shortly.
Gayle Clark
Gayle Clark
22:03 13 Aug 21
Jeffrey Zananiri
Jeffrey Zananiri
12:55 14 May 21
Christian and his team provided a stress free, white glove service. Highly recommend.
Jack Dixon
Jack Dixon
18:06 01 Apr 21
Working with Chris + team was incredible! They reduced our anxiety and stress levels, were tolerant and patient throughout the entire process, and got the deal done in breakneck speed. We're extremely happy in our new home. Highly recommended!
Kathy Letourneau
Kathy Letourneau
22:42 14 Feb 21
Beverly Boyett was my representative and she went above and beyond in assisting me with my Refi. She DID what she said she would do... and MORE! Can't express how kind, efficient and knowledge she was. I will definately go back to Hamilton in the future with any home financing needs.
Anthony Messina
Anthony Messina
22:25 12 Feb 21
Americas mortgage solutions does such an amazing job . Christian and his staff make refinancing about as seamless as it can be . They stay in contact with you if you need a question answered a fast reply is always there. Submitting all the forms was very easy also. They do whatever it takes to make sure your needs and concerns are met. Your name is always mentioned when I hear people talk about a mortgage .so thanks Christian, Becky , Kirstin and Diana sorry if I missed anyone ! for all your help in addressing my concerns AWESOME TEAM !!!
Jordan Volgs And More
Jordan Volgs And More
15:00 03 Feb 21
If you are having difficulty getting a good deal on a mortgage, I would highly suggest that you contact ‘Christian and his amazing team. They will simply get things done that other companies cannot. And to top it off, his team makes it an absolute priority to get the deal done on time. Do not hesitate to contact Christian.
Rachel Stevens
Rachel Stevens
18:29 05 Nov 20
Christian and his team were wonderful to work with! They helped us refinance our home and we couldn’t be happier. They were always available and patient with us when we had questions. Would highly recommend them for any home financing needs.
Kirstin McDonough
Kirstin McDonough
15:38 28 Sep 20
Christian Penner and his team really were amazing to work with. With his advice we went from looking for a rental to buying our first home. This was my first experience and I could not have ask for a better team to work with. I learned so much from his advice as he guided us through the entire loan process. Not only was he able to get us this awesome MCC tax credit and an interest under 3%. We are so excited to be homeowners and we are so thankful to be working with Christian Penner. So, if you are renting and thinking of buying a new home then do as we did and work with Christian Penner and allow his team to help make your dreams of being a home owner a reality.
Kristine Clark
Kristine Clark
19:21 13 Sep 20
Christian Penner and his team are the best! He has done 5 mortgage loans for me over the past 15 years and has always given me the best rate and closing costs! So if you are looking to buy a new home of refinance your current home then you need to call Christian Penner as he is the best Mortgage Professional in the business today!
Michele Penner
Michele Penner
13:59 12 Sep 20
chris gagnon
chris gagnon
16:44 07 Jul 20
Steve Vlahakis
Steve Vlahakis
17:22 22 Apr 20
Great organization with wonderful people to work with and very professional owner. Third time in 20 years he has gotten us mortgages and or refinancing. 🙏👍👌
Hans Alce
Hans Alce
13:21 04 Apr 20
Christian and his team were transparent and helpful. They were clear about our options every step of the way.
Brett Gray
Brett Gray
16:25 01 Apr 20
Christian and his team answered all my questions quickly and made the closing very smooth. I will 100% recommend him to friends and family!!!
Juan Palerm
Juan Palerm
17:34 04 Mar 20
Thanks for the effort getting us the deal. We closed quickly and with as little effort possible, considering the mortgage process. Thanks again for getting it done!
jdbell25831
jdbell25831
18:26 25 Feb 20
Cindy Smernoff
Cindy Smernoff
17:34 12 Jan 20
Great team.. very responsive to my needs snd always called back immediatelyThe best mortgage brokerCindy Voloshin
anthony baffa
anthony baffa
19:43 12 Dec 19
Buying my first home was a pleasure thanks to the Christian Penner Mortgage Team. My mortgage broker Christina Kelleher guided me through the process with ease. I can’t thank Christina and her team enough.
Christine O'Connell
Christine O'Connell
20:56 11 Dec 19
I have recently purchased my little piece of Paradise in Jupiter Florida. The Christian Penner team was wonderful from start to finish, it didn’t matter how many of the staff I spoke to, the experience was wonderful. A flawless experience. I would highly recommended this company to friends and family with any of their future purchases in the Sunshine State!Thank You Guys, Christine
Thomas Tedesco
Thomas Tedesco
00:35 11 Dec 19
As a first time home buyer we were determined and yet uncertain about the entire process for a purchase. After working with two other companies we came across the Hamilton Group Funding. company. I must say, they stand with you every step of the way. The entire staff from loan officer to underwriting was absolutely terrific to work with. Had it not been for the entire staff putting together as a team from front to N we would not be in our beautiful home today
ASHLEY Varner
ASHLEY Varner
02:29 03 Nov 19
HBF Records
HBF Records
17:47 25 Oct 19
Great mortgage officer, has helped me with all my home purchases
anthony sacca
anthony sacca
01:31 24 Oct 19
Christian and his team were great ! They got me the rate I wanted and helped every step of that way up to closing . I have referred them to several friends and family members and everyone was happy with the service .
Ed Klenn
Ed Klenn
18:38 29 Sep 19
So glad I reached out to Christian Penner and his staff. I had some industry questions and needed answers. No problems now! He took the time to thoroughly understand my situation, and he and his team helped me out. Thank you, Mr Penner!Ed Klenn, RealtorPremier Brokers International RE
Ted Brown
Ted Brown
15:15 28 Aug 19
Kept Clients and me informed and Closed Quickly!Ted Brown ReMax Island Properties and Appraiser Realty Institute!
Gloria Kljucevic
Gloria Kljucevic
14:44 26 Jul 19
Leland Clark
Leland Clark
18:50 20 Jul 19
Christian Penner and his Mortgage Team are the best I have ever worked with! They have the best rates and lowest costs then anyone I compared them to. So if you are in the market to buy a new home or refinance your current home then do as I did and call Christian Penner to get the best mortgage that fit into my long and short term objectives. He really took the time to understand what I need for my family!
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Get Answers to Your Mortgage Questions Now

Still looking for more answers about buying a home or our mortgage process? Let’s get you in for a consultation. To get started, please call (561) 316-6800.