Buying your first home, running a business, investing, or planning a manufactured home? Start with straightforward answers, then talk through your situation with Andy Hunt Jr.
Who will I work with at Performance Mortgage Group?
Andy Hunt Jr. is your direct mortgage contact and Branch Manager, NMLS #148241. Performance Mortgage Group is a DBA of VanDyk Mortgage Corporation, corporate NMLS #3035. Start with your goals, then discuss financing options and the documents needed for your situation.
Think you need perfect credit or a huge down payment before you can talk about buying a home? Start with a conversation instead. Bring a comfortable monthly budget, a rough idea of your savings, and your timeline. We'll discuss the costs and requirements, and what you may need to work on. I'm Andy Hunt Junior. You don't need every answer today. Let's figure out your next step together.
Closing card: Your first step starts here. Build My Homebuying Plan. Or call Andy: (504) 279-5626.
AI-generated presenter using Andy’s likeness and voice. Andy Hunt Jr. · Branch Manager · NMLS #148241. Educational information; program requirements and lender approval apply.
Do I need a large down payment to buy my first home?
Not necessarily. Down payment requirements depend on the loan program, lender, property, and your financial profile. Some programs allow a smaller down payment. Plan for closing costs, moving expenses, and reserves as well; your down payment is only part of the cash you may need.
Possibly. Assistance programs can have income, location, purchase-price, education, and loan requirements. Assistance may be a grant or a loan with repayment conditions. Ask Andy to compare the full terms and current availability before relying on a program.
Is preapproval the same as final mortgage approval?
No. Preapproval is a preliminary lender assessment based on information reviewed and stated conditions. Final approval requires the remaining borrower, property, title, and underwriting conditions to be satisfied. A preapproval letter is not a guarantee that a loan will close.
What is the difference between a down payment and closing costs?
The down payment is the portion of the purchase price you pay rather than borrow. Closing costs are charges associated with the loan and transaction. Your Loan Estimate separates these amounts and estimates the cash needed to close, including applicable credits and deposits.
Can I discuss options if I am unsure about my credit?
Yes. You can start a conversation without knowing your exact score. Eligibility depends on the program and the full credit and financial profile, not just one number. An inquiry on this website does not determine eligibility or promise approval.
Self-employment does not automatically prevent mortgage financing. Traditional documentation or specialty programs may fit, depending on your business history, income, assets, credit, and the property. Andy can help identify which documentation path is worth reviewing.
A bank statement program may evaluate eligible deposits to help determine qualifying income instead of using traditional income documentation. Deposit analysis, business expenses, statement history, credit, reserves, and other requirements depend on the lender and program. Deposits are not automatically qualifying income.
Are there owner-occupied options without income verification?
Select CDFI lending programs offer owner-occupied financing without income or employment verification. Performance Mortgage Group brokers specialty options through participating lenders. These loans still have credit, down payment or equity, asset, reserve, and property requirements. Ask Andy about current eligibility and availability.
Non-QM means non-qualified mortgage. These programs use underwriting approaches outside the qualified-mortgage category and may serve borrowers with nontraditional financial profiles. Non-QM does not mean automatic approval or that no documentation is required. Costs, terms, and qualification requirements vary.
Debt service coverage ratio financing evaluates an investment property’s rental cash flow relative to its debt payments. The lender applies its own calculation and eligibility rules. DSCR investment-property financing should not be confused with an owner-occupied mortgage.
No. A property’s cash flow also depends on mortgage payments, taxes, insurance, maintenance, vacancy, management, and other expenses. Review a realistic operating budget separately from a lender’s qualifying calculation before deciding whether a property fits your goals.
Can a manufactured home use FHA, VA, or USDA financing?
Eligible manufactured homes may be financed through FHA, VA, or USDA programs. Requirements vary by program and lender and can include the home, land, permanent foundation, title, installation, and project participants. VA borrower eligibility and USDA income and location rules apply where relevant.
How does a one-time-close manufactured-home loan work?
A construction-to-permanent loan can combine eligible land acquisition, the manufactured home, and approved site work in one financing transaction. One closing covers the construction and permanent phases. The lender must approve the borrower, property, and project, and construction conditions still apply.
Yes. Tell Andy whether the land is owned outright or has an existing loan and whether utilities and site work are needed. The lender will review ownership, value, liens, site suitability, and program rules to determine how the land fits the financing.
Compare the new loan’s costs, payment, term, and total interest with your current mortgage and the time you expect to keep the property. A lower payment can come from extending the term and may increase total cost. Use a personalized comparison rather than judging the rate alone.
What should I consider before a cash-out refinance?
A cash-out refinance replaces your existing mortgage with a larger loan and provides eligible proceeds after costs and other payoffs. It increases debt secured by your home. Compare the purpose, total costs, repayment period, and alternatives before proceeding.
The webinar explores potential strategies for buying a home: down payments, credit, assistance options, traditional mortgages, manufactured-home financing, and specialty paths. Request the session details to learn more. The webinar is educational and does not determine mortgage eligibility.
Use the lender’s secure application or an approved secure document channel provided by your loan team. Do not send Social Security numbers, account numbers, or financial documents through a general website questionnaire or ordinary email.
Where do existing customers access their loan portal?
Use the Client Portal link to access performanceisthekey.com. If you need help with your current loan process, call Andy using the click-to-call link on this page. For general questions about a new home purchase or refinance, book a conversation first.
Prepared by the Performance Mortgage Group editorial team with AI assistance. Published October 24, 2026. General education; program availability and terms require individual review. No personal review by Andy is implied.