Mortgage Loans
Divine Light Capital has expanded its services to provide mortgage loans, extending support to individuals and families in their pursuit of homeownership. With a deep commitment to empowering individuals on their journeys, we strive not only to offer financial assistance but also to contribute to their overall success in life. Our mission is rooted in providing personalized solutions that align with the unique needs and aspirations of our clients, ensuring a seamless and successful path towards owning their dream homes. Through our mortgage lending, we aim to facilitate not just property transactions, but life transformations, helping people build secure foundations for their futures.
​
Minimum: 500 FICO Credit Score
Conventional Loan
Conventional loans work like this: the bank (or credit union or lending agency) purchases property on your behalf and turns the title over to you—however, you promise to pay back the lender with interest.
​
Conventional home loans are more accessible to those with middle- to high-income, as they often necessitate a down payment and favorable financial profiles in order to secure a reasonable rate.
FHA Loan
FHA loans are often ideal for borrowers who have a small down payment saved and credit scores that aren’t high enough to get a low interest rate on a conventional mortgage.
​
Requirements:
-
The general down payment ranges from 3.5% to 10%.
-
There are no maximum or minimum income requirements, aside from being able to prove that you have an income and that it’s enough to pay back your loan.
-
The home you purchase needs to meet HUD health and safety standards.
USDA Loan
USDA loans are a useful way of making homeownership possible in rural areas when you don’t have money saved for a down payment.
​
Pros:
-
No Down Payment
-
Flexible Credit Requirements
-
No Cash Reserves Required
-
No Prepayment Penalty
-
Lower Interest Rates
-
Closing Costs Can Be Rolled Into the Loan
Documents Needed To Get Started
We are here to help you, but we need you to meet us half way. To get pre-approved for a mortgage loan we are going to need you to send along some documents to be submitted with your application. What's needed:
-
Copy of Driver's License
-
Copies of Last 2 Pay Stubs
-
Copies of W2/1099 or Tax Returns for Last 2 Years (If you do not want to show that, we need 12 Months of Bank Statements)
Get Pre-Approved
Fill out the form below so that we may send you our 1003 Application via DocuSign. Please verify your email address to ensure your application comes through.
