What is a home loan?
A home loan (also called a mortgage) is money you borrow from a lender to buy a home. You pay it back over time, usually with interest.
Can KoseApp help me get a home loan?
Yes! KoseApp connects you with trusted lenders who can help you get pre-approved and walk you through the entire loan process.
What does “getting pre-approved” mean?
Pre-approval means a lender checks your credit, income, and finances to see how much you can borrow. It shows sellers you’re serious and financially ready to buy.
What types of home loans are available?
Common loan types include: • Conventional loans • FHA loans (for lower credit scores and smaller down payments) • VA loans (for veterans and military families) • Jumbo loans (for high-priced homes) Your lender will help you choose the best one for your situation.
How much down payment do I need?
It depends on the loan. Some loans require as little as 3% down, but 20% is common to avoid extra fees like mortgage insurance.
What is mortgage insurance?
Mortgage insurance protects the lender if you stop making payments. It’s usually required if your down payment is less than 20%.
How do I apply for a home loan through KoseApp?
Just tap the “Get Pre-Approved” or “Apply for a Loan” button on the app. We’ll connect you with a lender who will guide you step by step.
Can I compare lenders on KoseApp?
Yes. KoseApp gives you access to multiple trusted lenders so you can compare rates, terms, and pick the one that fits you best.
What if I have a low credit score?
You can still apply! Some lenders offer special loan options for lower credit scores. Getting pre-approved will show you what’s possible.
How long does it take to get a mortgage?
Most home loans take about 30–45 days to process, but this can vary depending on your situation and the lender’s speed.