FAQs

In a word, it’s easy. Not a numbers person? No worries. Whether you’re applying for a mortgage on a new home or refinancing, Offerpad Mortgage helps simplify and streamline the whole process. We’ll help you find, apply and, once you qualify, get approved for a loan. We’re with you all the way through closing, with lending services and products to help almost anyone in almost any situation including:

• Mortgages for first-time buyers
• FHA/VA/USDA/Conventional Mortgages
• Down payment assistance programs
• Lock and shop interest rate protection
• Mortgage insurance avoidance with as little as 10% down payment
• Bundled services to save money on buying, selling or financing a home
• Jumbo loans up to $3.5M
• Bank statement loans for self-employed borrowers

And more! Check the progress of your loan application online or through our mobile app to know where things stand every step of the way. Your personal, personable Offerpad Loan Consultant will be there with you, too, so you’re able to get answers when you need them.

Just trying to figure out what you can afford or looking for payment estimates on a refi? Start planning now with our easy-to-use mortgage calculators. They’re free!

Offerpad Mortgage takes you quickly and easily through the entire process of obtaining a mortgage, from application to closing. Our online application asks you a series of questions to evaluate your eligibility for a home loan. Using your answers along with information from your credit report and the verification of your income, assets and credit, we’ll provide the best mortgage options to fit your personal needs and qualifications. Once approved, your expert Offerpad Loan Consultant will work with you to get your mortgage to closing.

We'll set up a convenient, secure online account for you with 24/7 access so you can communicate directly with us, send information and documents, and see your loan info and closing details at any time – all from the comfort of your home or wherever you are with our mobile app. All docs are signed electronically, so no coordinating or running to appointments between title companies, lawyer offices or banks.

You can use Offerpad Mortgage to buy or refinance:

• A single-family home
• 2-4 residential units
• Townhomes
• A second home or investment property
• Manufactured homes

Applying for a loan is always free with Offerpad Mortgage. There’s also no cost to see your mortgage recommendations or to get approved. Shopping for the best mortgage is always recommended, but lenders typically explain costs and fees a little differently, so it may be hard to determine which lender is offering the best deal. A variety of factors such as the amount and type of loan, your credit score and interest rates all play a role in determining the total amount it will cost you to borrow the money for your home. Most people make their decision on which mortgage to go with based on fees alone, but it’s a good idea to consider things like loan type and lender reputation to make sure you get a loan you can comfortably live with in the long run.

The approval process to get a loan through Offerpad Mortgage is different for each person, but there are certain things we look at for everyone when we evaluate applications, including:

• Your financial health, including your credit score, assets and income.
• Your work history (two-year work history preferred) with proof of current, stable income.
• A home appraisal. We work with an independent, third-party appraisal management company to order the appraisal for you.

When you're ready to start applying with Offerpad Mortgage, save time by having the following information on hand:

• Information about your liquid assets, including checking and savings accounts, stocks, retirement accounts, etc.
• Your income and employer information
• Your Social Security number

Yes! Offerpad Mortgage can do both. We can give you a Prequalified Approval Letter based on documentation in your application (this letter gives you an estimate of how much home you can afford but does not verify your financial details or credit history), or a full preapproval letter based on a complete review of your income and asset information.