Mortgage guides & resources
12 plain-language guides on how buying and financing a home works, from your credit and down payment through closing. For the numbers on your own file, talk to your loan officer.
Showing 4 of 12 guides
- For buyers & agents1 min read
Assumable loans: the basics
Some government-backed loans can be assumed by a qualified buyer at the seller's existing rate. What that means and what it takes.
Read the guide - For buyers & agents1 min read
The mortgage process, start to finish
The four stages a purchase loan moves through, and who does what at each one: application, processing, underwriting, closing.
Read the guide - For buyers & agents1 min read
Rate locks, explained
What it means to lock your rate, how long a lock lasts, and what happens if the market moves after you do.
Read the guide
A guide explains the process. A loan officer runs your numbers.
Loan officers are licensed by state, and each one applies through their own official ALCOVA application.
These guides are general information, not financial advice or loan terms. ALCOVA Mortgage LLC, NMLS #40508. Equal Housing Lender.