Mortgage & Process FAQ

A Blackwood partner reviews your financial objectives, property timeline, and any existing lending structures. We then outline a tailored strategy, discuss potential loan programs, and answer your questions in confidence. Most consultations conclude with a clear next-step plan and a preliminary timeline.

For conventional and jumbo purchases, expect 21 to 35 days once the file is complete. Refinances and complex portfolio structures may take longer. We set a realistic closing schedule during your consultation and keep the process moving through dedicated underwriting support.

Recent tax returns, W-2s or K-1s, bank and investment statements, a current pay stub, and any existing property insurance or HOA documents. If you are self-employed or have layered income, we will provide a customized checklist after our first call.

Displayed rates are indicative of market conditions and are not a binding offer. Your final rate is determined after a full review of your credit profile, property type, loan amount, and selected program. We provide a transparent Loan Estimate with all terms locked before closing.

Yes. We offer 30-, 20-, 15-, and 10-year fixed-rate loans, as well as 7/6 and 10/6 ARM structures. For high-net-worth clients, we can also customize interest-only and hybrid structures where the situation warrants.

Rate locks are typically tied to a specific property and accepted purchase contract. In certain programs, we offer extended rate-lock protection for new construction or longer searches. We will explain the lock terms and any associated costs before you commit.

Jumbo and super-jumbo programs generally require a FICO score of 700 or higher, with the most competitive terms reserved for scores above 740. We also work with private-bank and asset-based solutions for borrowers with strong liquidity but non-traditional credit profiles.

Pre-qualification is an informal estimate based on stated information. Pre-approval involves verified income, assets, and credit review, and carries far more weight with sellers and listing agents. We recommend pre-approval before you begin touring properties.

Absolutely. We specialize in bank-statement programs, asset depletion, and liquidity-based qualifications for entrepreneurs, partners, and executives. Our partners review your actual financial picture, not just a standard paystub template.

Yes. We structure financing for primary residences, secondary homes, vacation properties, and multi-unit investment portfolios. Each property type has its own down-payment, reserve, and rate considerations, which we discuss during strategy planning.

Jumbo loans typically start at 10 to 20% down, depending on loan size and credit profile. Very high-value or portfolio transactions may require 25% or more. We will model several scenarios so you can choose the structure that best preserves your liquidity.

Yes. We provide rate-and-term refinances, cash-out refinances, and portfolio restructuring. We review your current note, equity position, and goals to determine whether a refinance improves your cash flow or long-term wealth plan.