Frequently Asked Questions

In most cases, pre-approval can be completed within 24–48 hours once we receive your documentation. For clients seeking a fully underwritten pre-approval (which provides a stronger competitive position), timing may vary slightly depending on file complexity — but preparation upfront leads to smoother closings later.

While many conventional programs start around 620, stronger credit profiles typically receive better pricing and loan options. We review your full financial picture — not just your score — and can often provide guidance on improving positioning before you move forward.

Yes. We specialize in financing land, ranches, and hobby farms. These properties often require specific loan structuring and experience, particularly if there are outbuildings, agricultural use, or larger parcels involved. We help navigate those details to ensure the financing aligns with your long-term goals.

Absolutely. Many of our clients are business owners, independent contractors, or self-employed professionals. Proper income analysis and early review of tax documentation are key. We take a strategic approach to ensure your income is positioned correctly for qualification.

Yes. The Merrill Loans Team currently serves clients in:

• California • Texas • Arizona • Florida

Whether you’re relocating, investing, or purchasing a second home, we can assist across these markets.

Yes. We offer jumbo financing solutions for higher-priced properties. Loan structuring becomes especially important in this space, and we work closely with clients to evaluate payment strategy, reserves, and long-term financial positioning.

FHA loans are government-backed mortgage programs designed to help buyers with lower down payments and more flexible credit guidelines. They are often a strong option for first-time buyers or those who may not qualify under conventional guidelines.

We review whether FHA makes strategic sense based on your full financial picture — not just qualification alone.

FHA loans typically require as little as 3.5% down, depending on credit profile and qualifications. Down payment assistance programs may also be available in certain situations.

We’ll evaluate both FHA and conventional options to determine which structure benefits you long-term.

FHA loans typically require as little as 3.5% down, depending on credit profile and qualifications. Down payment assistance programs may also be available in certain situations.

We’ll evaluate both FHA and conventional options to determine which structure benefits you long-term.

Yes. We proudly assist eligible Veterans and active-duty service members with VA loan financing.

VA loans offer significant advantages, including: • No down payment (in most cases) • No private mortgage insurance • Competitive interest rates

If you’ve served, we’re honored to help you explore your benefits.

Eligibility is based on service history and discharge status. We help you obtain and review your Certificate of Eligibility (COE) and walk you through the full qualification process.