Question 1

How long does it take to close a loan?

Accepted Answer

Most purchases close in 21–30 days, and most refinances in 21–28 days. Tight situations can move faster — Angela Rice has closed in as few as 12 days when needed.

Question 2

Will pre-qualifying hurt my credit score?

Accepted Answer

No. The pre-qualification form on this site does not pull your credit. A formal pre-approval requires a soft or hard pull, which Angela Rice will explain before doing anything.

Question 3

Are you really licensed in all 50 states?

Accepted Answer

Yes. Angela Rice is licensed in all 50 states plus DC under NMLS #1447947. You can verify at NMLS Consumer Access.

Question 4

How is Angela Rice paid? Is there a fee to me?

Accepted Answer

Angela Rice is compensated by the wholesale lender, not by you out of pocket. You'll see a clear breakdown of all costs on your Loan Estimate (federally required disclosure).

Question 5

What credit score do I need?

Accepted Answer

It depends on the program. FHA can go as low as 580 (sometimes lower with compensating factors). Conventional typically wants 620+. Jumbo usually 700+. Angela Rice will tell you exactly where you stand.

Question 6

How much down payment do I need?

Accepted Answer

VA: $0. USDA: $0. FHA: 3.5%. Conventional first-time buyer: as little as 3%. Conventional standard: 5%. Investment / second home: 10–25%. Jumbo: typically 10%+.

Question 7

Can you help if I'm self-employed?

Accepted Answer

Absolutely. Angela Rice specializes in bank-statement programs, P&L-only programs, and asset-depletion loans for self-employed and 1099 borrowers.

Question 8

What documents will I need?

Accepted Answer

For a full application: two years of W-2s or tax returns, two months of pay stubs, two months of asset statements, and ID. Self-employed and special programs vary — Angela Rice provides a tailored checklist.

Common questions, straight answers.