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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

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.
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.

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.