Frequently Asked Questions
At First Fidelity Mortgage, we receive numerous questions daily from homebuyers and homeowners throughout the areas we serve.
To quickly address some questions you may have, we have put together this FAQ. You can receive personalized answers to these and other questions by calling us at (502) 657-4299 to schedule your consultation.
Q: What are the current rates?
The rates are always changing with the market. The only way to know the rates are to check them at the time you are applying for a mortgage. Depending at what stage during the mortgage process you lock in your rate, you should be aware that rates continue to fluctuate during the application process.
Q: How much do I qualify for?
The amount you qualify for is based on factors such as your credit score, your debt-to-income (DTI) ratio, your income level, your employment status, the type of loan for which you are applying and your assets. You can get an estimate of what you can borrow by scheduling a consult.
Q: What will my monthly payment be?
Your interest rate, your loan term, the amount you are borrowing, and other factors may all impact your monthly payment amount. Our loan experts can help you figure out how much home you can afford at your consult.
Q: What down payment do I need to make?
The answer to this question depends on your borrower qualifications and the type of loan you want.
If you are unable to make a 20% down payment, ask us about down payment assistance as well as programs like FHA, VA and USDA. A conventional loan may also be suitable.
Q: What credit score do I need?
The type of mortgage for which you are applying will determine the minimum credit score you require.
If possible, boost your score before you apply. With a higher credit score, you will likely qualify for better rates.
Q: What is your service area?
We are based in Louisville and can help you buy a home or refinance in Kentucky, Tennessee, Indiana and Florida.
Buy a Home or Refinance in Kentucky or Beyond
If you are ready to get answers to your mortgage questions or buy a home or refinance now, please give us a call at (502) 657-4299 to schedule your consultation.
See What Our Clients Are Saying About Us!
Debra Wolfe
18:51 13 Jan 23
Mike Hurt is wonderful! I had an awful experience with another company and Mike was able to get everything done quickly and with no stress or inconvenience on my part. I am so very grateful for Mike and his assistance.
nicolas
20:29 31 Oct 22
From the first interaction to the signing of the final contract we had excellent communication with Matt. We always got fast and correct replies to our questions. Highly recommend Matt for your mortgage needs.
Kalyan Dukka
20:45 03 Aug 22
Mike was great at every step of the process even when he was on vacation! He was very helpful in moving ahead the closing date per our request. Thanks a lot for everything Mike!!
jackie greenwell
18:44 27 Jul 22
I will admit I was a little skeptic at first, I honestly didn’t think I would be closing within 2 weeks like Dave said. But to my surprise I did!! Dave was great, and the Closing was was smooth. I didn’t even leave my home, they came to me! Thank you Dave! Jackie Harris
Lorie Jenkins
16:55 27 Nov 20
My husband and I had such a great experience with Matt Ansert. We have been through a lot of negative experiences with mortgages and refinances in the past. This was honestly the best loan experience we have ever had. It was stress and hassle free, quick and uncomplicated. The loan was our... lowest rate ever. Matt was professional, friendly and a great communicator through out the process. I would strongly recommend him:)read more
Noraine P
18:42 14 Jan 19
My husband and I were first time homeowners. Being new to this process, of course we were worried about being taken advantage of. The first company we were dealing with gave us the run around for almost 2 years! Finally, my husband looked online and found First Fidelity. This was the BEST DECISION... EVER! Matt and his team made us feel very comfortable from the first phone call! The professionalism was so awesome that it set all of our nerves aside. The process was quick and we LOVE our new home!Thank you Matt, Melissa and everyone else involved in making our experience great. I would HIGHLY recommend your company to everyone I know.The Penicksread more
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First Fidelity Mortgage, Inc is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.