REALTOR Frequently Asked Questions

We require a 580 for all loans except conventional and down payment assistance loans which both require a 620. 

We offer FHA, VA, USDA, and Conventional home loans including jumbo and bank statement loans. We also offer DSCR loans in all states. 

Yes, our minimum credit score qualification for down payment assistance is 620. We offer down payment assistance for FHA and conventional loans. Our program is universal and for all states we are licensed in. There ia no first time homebuyer requirement.

 We originate loans in SC, NC, and GA. 

Our preapproval process is simple. It begins with an initial loan application and the borrower must complete the loan application AND upload all requested documentation within 3 days or the application is automatically withdrawn (borrower receives a followup email daily to complete application and with outstanding tasks). There is a $60 up front credit check fee that borrowers must pay when applying. $60 for per single person or $100 per married couple.

Once the application is complete, it will be reviewed and submitted to underwriting for a full review. Our preapprovals are fully underwritten up front. Underwriting review may take up to 48 business hours.

Once a loan is out of underwriting, I will discuss options with borrower and issue preapproval letter.

Please direct them to www.legacylendingmg.com/credit to have a credit analysis completed and receive an action plan.

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You may complete the form (Realtor Application Link Request) below to receive your own individual application link. This will alert you anytime a borrower starts and completes an application. You will also receive alerts when an application is in review and has been preapproved. This keeps the guesswork out of wondering if a borrower applies and what is the update on their loan application. You may also upload a head shot if you wish for it to be on your application link when borrowers apply.