Most clients are pre-approved within 10 minutes of starting the application. The credit check has no impact on your score, and you'll get a real pre-approval letter — not just a pre-qualification — to use with your realtor.

Pre-qualification is an estimate based on what you tell us. Pre-approval is a verified commitment from a lender based on actual financial documents. Sellers in South Florida almost always require pre-approval before considering an offer.

It depends on the loan type. Conventional loans typically need 620+, FHA loans go as low as 580, and VA loans have no official minimum (though most lenders prefer 580+). We have programs for nearly every credit situation.

Conventional loans start at 3% down. FHA loans require 3.5%. VA loans for eligible veterans require 0% down. Jumbo loans typically need 10–20% depending on the property. We'll walk you through every option.

We're based in Coral Gables but serve all 67 Florida counties. Lower is also licensed in 47 states total, so we can help with out-of-state purchases too.

A Lower-exclusive benefit: buy or refinance once with us, and you'll never pay Lower's lending fees on future refinances. That's typically $1,500+ saved every time you refi.