FAQs

We work with multiple wholesale providers and can offer a wide range of loan products, including: Conventional, FHA, VA, Jumbo, USDA, CalHFA, Alt QM, and even rate buy-down options (varies by market). Based on your situation, our loan offers will provide you with the product most aligned with your goals.

  • More choices: Working with a wholesale mortgage broker like Icon Lending gives you access to a wider range of loan options, often with more competitive rates and lower fees than traditional retail banks or direct lenders. We shop from a network of trusted wholesale lenders to find you the loan program that best fits your needs, saving you time and effort. 
  • Lower Rates: Wholesale lenders often offer better pricing because we do the work of origination for them. That means potential savings passed on to you.
  • Faster, Personalized Service: As a boutique firm, we prioritize speed, communication, and tailored support from pre-approval to closing.
  • Expert Guidance: Our team has deep industry experience and knows how to structure your loan for long-term success, whether you’re a first-time buyer, move-up buyer, or refinancing.

  • Pre-qualification is the initial assessment based on information you provide
  • Pre-approval is a more detailed process that involves verifying your income, assets, and credit

Your rate is determined by several factors, including credit score, down payment amount, loan type and term, market conditions, and debt-to-income ratio. We’ll work with you to find the most competitive rate available.

You may be asked to provide:

  • 30 day pay stubs
  • Two years of W2s or 1099s
  • Two years of Federal Tax returns
  • Two months of bank statements
  • Identification
  • Current mortgage statement and insurance declaration page
  • Additional documentation may be needed depending on your employment or financial background

Closing costs typically range from 2-3% of your home’s purchase price and may include:

  • Non-recurring (‘one off’) items - Appraisal, credit reports, escrow fees, title insurance, county recording fees etc
  • Recurring items - pre-paid interest, home insurance premium, pre-paid real estate taxes, funds to seed an impound account for taxes and insurance if required.

We offer a range of low down payment and assistance programs designed to help first-time buyers get into a home with confidence.


Your monthly mortgage typically includes:

  • Principal + Interest
  • Property Taxes
  • Homeowners Insurance

Yes! We offer rate locks that hold your interest rate for a set period while your loan is processed. This protects you from market fluctuations during this time.


Visit the Contact Us page to get started today. Our team is here to answer any additional questions you may have and guide you through every step of the lending process.