Do you do soft or hard credit pulls?
We can do SOFT as well as HARD credit pulls.
How long do your Pre-Approval Letters take?
We often have them completed within 15 minutes of when we receive the application, but 30-60 minutes is our typical turn time.
Does OPEN HOUSE LENDING have good reviews?
Yes, our BBB and GOOGLE reviews are amazing. Please review what our previous buyers have been saying.
Does OHLC have lending programs for 2nd chance/minor blemishes on credit?
Yes, we have several programs that allow for lower scores or minor blemishes. We've been helping families buy and refinance for 30 years.
Do you offer Investment loans?
Yes, we have several Investment loan programs. For 1st time investors as well as seasoned Investors.
Does OHLC offer new construction loans?
Yes, Construction to Perm.
Are buyers able to buy with Zero-Down payments?
Yes, there are several programs out there with no down payments: VA, FHA, USDA.
Can a Veteran of the US military have more than 1 VA loan at a time with Open House Lending?
Yes, we allow more than 1 VA loan at a time. It varies depending on several factors (loan limit, eligibility, to name a couple).
Does OPEN HOUSE LENDING only work in MD?
No, we are licensed in MD, WV, PA, and soon DE, VA, FL, SC, and NC.
Do I need to have 20% for a down payment?
No, we have as low as 0%, 3%, 3.5%, and 5%.
Do you have Self-Employed loans?
Yes, we have had Self-Employment loans for 30 years.
Can you buy with less than 20% down and still avoid PMI?
Yes, we have programs that do not have PMI.
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