📋 Frequently Asked Questions

Pre-qualification is a quick estimate based on the information you provide (income, debts). Pre-approval is a formal commitment after we verify your documents—proof you’re a serious buyer. At Parish Lending, our pre-approval takes just minutes and strengthens your offer.

Your rate depends on factors you control: credit score, down payment size, loan type, and discount points. We shop wholesale lenders to secure the best available rate, and you can lock it in as soon as you’re ready.

Typical closing costs range from 2–5% of your loan amount and include:

• Origination fee

• Appraisal and inspection

• Title insurance and recording

• Prepaid interest, taxes, and insurance
  We compare multiple lenders to minimize your fees and show you every line item up front.

• Conventional loans: as little as 3–5% down

• FHA loans: 3.5% down

• VA & USDA loans: $0 down for qualifying borrowers
  Louisiana offers down-payment assistance programs too—ask us how to combine them with your loan.

Have these on hand before you start (you can upload photos right from your phone):

• Government ID (driver’s license or passport)

• Recent pay stubs (30 days) or bank statements

• W-2s / 1099s / tax returns (last 2 years)

• Proof of assets (retirement, savings)

We’ll guide you step-by-step so nothing slips through.

On average, 30–45 days from pre-approval to keys in your hand:

1. Application & Docs (1–3 days)

2. Underwriting (7–14 days)

3. Appraisal & Inspection (7–10 days)

4. Clear-to-Close (1–2 days)

5. Closing (1 day)
   We track every milestone and keep you informed with real-time updates.