What are the requirements for an investment property loan?

You generally need a 680+ credit score, 15% to 25% down, documented income or property cash flow, cash reserves, and a full underwriting package.

What documents are required for rental property financing?

Most files require tax returns, pay stubs or business-income documents, bank statements, lease agreements, mortgage statements, and appraisal support.

What credit score is needed for an investment property mortgage?

Most conventional lenders want at least 680, while some DSCR and portfolio programs go lower.

How much income do lenders require for an investment property loan?

There is no universal dollar minimum; lenders evaluate whether your documented income or property income supports the loan under program guidelines.

What is the minimum down payment for an investment property?

The standard floor is 15% for many 1-unit conventional purchases and 25% for many 2- to 4-unit conventional purchases.

Do lenders require rental income documentation?

Yes, when rental income is used, lenders typically require leases, Schedule E, or appraiser-supported market rent documentation.

What cash reserves are needed for an investment property loan?

Conventional files commonly require six months of reserves, and some investor programs require more.

Can self-employed borrowers qualify for investment property loans?

Yes, through conventional underwriting, bank statement programs, or DSCR loans depending on the documentation path.

Do lenders require a property appraisal before approving an investment property loan?

Yes, nearly all investment-property loans require an appraisal to establish value and, when relevant, market rent.

How many months of cash reserves do you need for an investment property mortgage?

Six months is the standard starting point for many conventional files, with higher requirements possible when the borrower owns multiple financed properties.

First-Time Home Buyer Mortgage Rates 2026: Best Rate Guide

Buying your first home usually starts with one question: what mortgage rate can I qualify for today?

Even a small difference in rate can change your monthly payment and the total cost of your loan over time.

For first-time buyers in 2026, rates have improved from the highs of the last few years. But choosing the wrong loan program can cost more than most buyers expect.

The average 30-year fixed mortgage rate at 6.11% this March, up from 6.00% the week before and down from 6.65% a year earlier.

That does not mean every first-time home buyer mortgage comes with the same rate.

Your first-time homebuyer mortgage rates in 2026 will depend on factors like your credit score, down payment, debt-to-income ratio, loan type, and whether you qualify for programs.

Some borrowers will benefit most from FHA loan rates for first-time buyers. Others will save more with a first-time homebuyer fixed rate mortgage, a reduced mortgage insurance conventional program, or down payment assistance paired with a competitive rate structure.

McGowan Mortgages helps borrowers compare lenders, evaluate financing options, and secure investment property loans designed to support long-term portfolio growth.

TL;DR

First-time homebuyer mortgage rates in 2026 are around the low-6% range on average, but your exact rate depends on credit score, down payment, loan type, and debt-to-income ratio.
The best mortgage rates for first-time buyers come from the right loan program, FHA, VA, USDA, or conventional options like HomeReady and Home Possible.
FHA loan rates for first-time buyers allow 3.5% down at 580+, while conventional programs offer 3% down with potentially lower long-term costs.
Comparing first-time homebuyer loan rate options matters more than chasing a single rate, especially when mortgage insurance is involved.
Improve your credit and know how to lock in a mortgage rate once under contract to secure better pricing.

What Are the Current Mortgage Rates for First-Time Home Buyers in 2026?

First-time homebuyer mortgage rates in 2026 generally fall in the same range as standard mortgage rates. Freddie Mac reported 30-year fixed rates averaging around 6.11% as of March 2026.

Your actual rate depends on credit score, down payment, loan type, and overall borrower profile.

There is no single first-time home buyer rate. What lowers your cost is program eligibility, not a special rate category.

FHA, VA, USDA, and conventional options like HomeReady and Home Possible can offer more competitive pricing through lower mortgage insurance, reduced down payments, or state-backed assistance.

Your current first-time home buyer interest rate will vary based on:

Credit score and loan-to-value ratio
Debt-to-income ratio and income stability
Loan type (FHA, conventional, VA, USDA)
Rate lock period and lender pricing
Eligibility for first-time buyer low interest rate programs

Most importantly, first-time buyer status is broader than many assume.

Many programs define a first-time buyer as someone who has not owned a home in the past three years, which allows some repeat buyers to qualify for better first-time homebuyer mortgage rates 2026 programs.

Do not chase a single rate number.

Compare structured loan options and total cost, because that is where first-time buyers actually secure the best mortgage rates.

How Do First-Time Home Buyer Mortgage Rates Compare to Standard Rates?

First-time homebuyer mortgage rates are not inherently lower than standard rates for the same loan type. The difference comes from access to programs that reduce the total cost of borrowing.

First-time buyers can qualify for best mortgage rates for first-time buyers through:

Lower down payment programs (3% to 3.5%)
Reduced mortgage insurance (HomeReady, Home Possible)
Government-backed options with competitive pricing (FHA, VA, USDA)
State housing agency programs offering first-time buyer low interest rate programs

The key point is that affordable mortgage rates for first-time buyers are created through structure, not just rate. A slightly higher rate with lower mortgage insurance or assistance can cost less overall than a lower-rate loan with higher fees.

CFPB recommends comparing multiple Loan Estimates side by side, focusing on APR, fees, and mortgage insurance, not just the advertised rate.

Do not compare rates in isolation.

Compare total loan cost across programs to find the best first-time homebuyer loan rate option.

How Do I Choose Between FHA, Conventional, and Other First-Time Home Buyer Mortgages?

The best first-time home buyer mortgage depends on your credit, savings, and long-term cost, not just the interest rate.

FHA works best for easier qualification, conventional works best for stronger credit and lower long-term costs, and VA or USDA offer the best value when you qualify.

FHA Loans for First-Time Buyers

FHA is designed for buyers with lower credit or limited savings, allowing 3.5% down with a 580+ score.

Rates are competitive, but you pay upfront (1.75%) and ongoing mortgage insurance (~0.55%), which increases long-term cost.

Conventional Loans for First-Time Buyers

Conventional loans are usually better for buyers with stronger credit, especially through 3% down programs like HomeReady and Home Possible.

Mortgage insurance is lower and removable, which can make this the most cost-effective option over time.

VA and USDA Loans

If eligible, these are often the best mortgage rates for first-time buyers:

VA: 0% down, no monthly mortgage insurance
USDA: 0% down, low-cost structure for eligible rural and suburban areas

State First-Time Buyer Programs

State housing programs can offer first-time buyer low interest rate programs, down payment assistance, and reduced mortgage insurance, often lowering total cost more than rate alone.

Bottom line: The right loan is the one with the lowest total cost over time, not just the lowest starting rate.

Loan Type	Min. Down Payment	Typical Credit Floor	Mortgage Insurance	Rate Competitiveness	Best For
FHA	3.5%	580	Upfront MIP + annual MIP	Strong for moderate credit	Lower credit, limited savings
Conventional, HomeReady / Home Possible	3%	Often 620+	PMI, often reduced, removable later if eligible	Strong for solid credit	Buyers with better credit who want lower long-term cost
Standard Conventional	5%+	Often 620+	PMI below 20% down, removable later	Strongest for high-credit borrowers	Buyers with stronger files and more savings
VA	0%	Lender overlays vary	No monthly MI	Excellent	Eligible veterans and service members
USDA	0%	Lender overlays vary	Low guarantee-fee structure	Very competitive	Income-qualified rural and suburban buyers
State HFA Programs	Varies	Varies	Varies	Often compelling	Income-qualified first-time buyers

Understanding these differences matters. Visit the McGowan Learning Center to explore how each loan type fits different investor strategies.

What Steps Do I Need to Take to Get Preapproved for a First-Time Home Buyer Mortgage?

Preapproval is where your rate stops being hypothetical and starts becoming real.

It tells you what loan programs you actually qualify for, how much house fits your budget, and what red flags need to be fixed before you make an offer.

CFPB recommends getting and reviewing official Loan Estimates so you can compare real terms instead of shopping by ads.

Use this sequence:

Check your credit reports first. AnnualCreditReport.com is the official federally authorized site for free credit reports, and CFPB also directs consumers there. Review all three reports for errors before you apply.
Set a real payment budget. Do not anchor on the maximum preapproval amount. Build around the full monthly payment, including principal, interest, taxes, insurance, mortgage insurance, and HOA dues if applicable.
Gather documentation early. Most buyers should expect to provide pay stubs, W-2s, tax returns, bank statements, and proof of any additional income or assets.
Get preapproved with a lender who can compare program types. This is where a broker-style experience matters because the cheapest FHA quote is not always cheaper than the best conventional structure once MI is factored in.
Lock only when you are truly ready to move forward. Once you have an accepted offer, the right lock strategy becomes part of the pricing decision.

How Much Income and Credit Score Do I Need to Qualify for a First-Time Home Buyer Loan?

Most first-time buyer programs start somewhere between a 580 and 620 credit score, but the better question is what score gets you better pricing.

FHA allows 3.5% down at 580+, while conventional loans typically start around 620+ and offer stronger pricing as scores move into the high 600s and above.

There is no fixed income requirement. Lenders focus on your debt-to-income ratio (DTI), income stability, and overall financial profile rather than a specific salary.

Typical guidelines:

FHA: DTI commonly around 31% front-end and 43% back-end, with flexibility up to ~50%
Conventional: Usually tighter, often capped around 43% to 45%

Income evaluation depends on how you are paid:

W-2 borrowers: pay stubs and tax returns
Self-employed: based on net income after deductions, not gross revenue

Qualifying is possible with moderate credit, but improving your score before applying is one of the fastest ways to access better first-time homebuyer mortgage rates 2026 and lower monthly costs.

Highlight Box: Rate Impact by Credit Score
Small credit-score gains can produce real payment savings. Improving your score before applying may matter more than obsessing over tiny market moves because stronger credit can improve both rate and mortgage insurance pricing.

Is It Better for First-Time Buyers to Choose a Fixed-Rate or Adjustable-Rate Mortgage?

For most first-time buyers, a 30-year fixed-rate mortgage is the safer choice.

It protects you from rising rates and keeps the principal-and-interest payment stable for the life of the loan.

Adjustable-rate mortgages can start lower, but the future payment risk makes them a weaker fit for buyers with tight budgets or long ownership timelines.

That does not mean an ARM is wrong. It means it should be chosen for a reason, not because the initial payment looks attractive.

If you expect to sell or refinance before the fixed period ends, an ARM can work. If you are stretching to buy and need predictability, fixed is the smarter move.

Feature	30-Year Fixed	5/1 ARM	7/1 ARM
Initial Rate	Usually higher than ARM	Usually lower	Usually lower than fixed, often above 5/1
Rate Stability	Fixed for 30 years	Fixed 5 years, then adjusts	Fixed 7 years, then adjusts
Payment Risk	Low	Higher after fixed period	Moderate after fixed period
Best Fit	Long-term owners	Buyers likely to move or refinance sooner	Buyers with medium-term plans

Most first-time buyers should start with fixed-rate math and only consider an ARM if the savings are meaningful and the exit plan is realistic.

How Do You Lock in a Mortgage Rate as a First-Time Home Buyer?

A mortgage rate lock is a lender commitment that protects your rate for a specific period while your loan moves through processing and closing.

CFPB explains that your rate stays the same during the lock period as long as the loan closes on time and the application does not materially change.

This is one of the most misunderstood steps in the process. Buyers often ask when to lock as if there is a perfect market-timing answer. There usually is not.

The better question is whether the current payment works for your budget and whether your timeline makes the lock practical.

How Long Does a Mortgage Rate Lock Last for First-Time Buyers?

Most locks are built to cover a normal closing timeline, commonly 30 to 60 days, and CFPB’s own rate-shopping examples often use a 60-day lock for comparison. Longer locks can be available, but they may cost more through a higher rate, extra fee, or both.

When Is the Best Time to Lock in a Mortgage Rate as a First-Time Home Buyer?

The best time to lock is usually when you have an accepted offer and the payment works comfortably in your budget. Trying to hit the exact market bottom is a bad strategy for most buyers because rates can move quickly.

In early March 2026, the average 30-year rate moved from 6.00% to 6.11% in one week. That is not a huge headline shift, but on a real loan it can still change monthly payment and cash flow.

Pro Tip
Ask whether your lock includes a float-down feature. Some lenders allow a one-time downward adjustment if rates fall enough before closing.

If you’re just getting started, the dos and don’ts for first-time home buyers covers many of the same fundamentals that apply to first rental purchases too.

Which Lenders Offer Special First-Time Home Buyer Mortgage Programs With Reduced Mortgage Insurance?

The smartest answer here is not to name-drop lenders. It is to explain program categories that lower mortgage insurance cost.

HomeReady and Home Possible are the clearest examples because they are built for affordability and are associated with lower down payments and reduced MI structures for qualifying borrowers.

HomeReady works well for income-qualified buyers who want a conventional loan with 3% down, flexible funding sources, and lower monthly cost than standard low-down-payment conventional options in many cases.

Freddie Mac’s Home Possible serves a similar role and also markets the ability to buy with 3% down.

There is also lender-paid mortgage insurance, where the lender covers MI in exchange for a higher rate. That can help some buyers lower the visible monthly payment, but it is not automatically a better deal.

What Closing Costs Should I Expect With a First-Time Home Buyer Mortgage and How Can I Reduce Them?

Most first-time buyers should plan for closing costs of about 2% to 5% of the purchase price, separate from the down payment.

CFPB uses that general range, which means a $300,000 purchase could easily involve roughly $6,000 to $15,000 in closing costs depending on the loan, taxes, insurance setup, and local fees.

The important thing is not just to quote the range but to show buyers where they still have leverage. Seller concessions can help, lender credits can help, and insurance shopping can help.

CFPB notes that seller credits and lender credits can reduce what you bring to closing, even though those costs are still being paid somewhere in the transaction.

Practical ways to reduce closing costs:

Negotiate seller concessions when the market allows it
Ask about lender credits and compare the rate tradeoff
Shop title and homeowner’s insurance where permitted
Look for down payment assistance that can also cover closing costs
Close later in the month if you want to reduce prepaid interest

Note: Cash to close kills more deals than rate alone.

Can I Use Gift Funds for the Down Payment on a First-Time Home Buyer Mortgage?

Yes. Both FHA and many conventional programs allow first-time buyers to use gift funds for part or all of the down payment, and often for closing costs too, as long as the gift is properly documented.

Fannie Mae’s guidelines explicitly allow gift funds from acceptable donors for a principal residence or second home and allow those funds to be used for down payment, closing costs, or reserves, subject to contribution rules.

The key issue is documentation. Expect a gift letter, proof of donor funds, and proof of transfer. This is another place where buyers get tripped up by timing, not eligibility. If gift funds are part of the plan, say so early.

How Can I Calculate How Much House I Can Afford With a First-Time Home Buyer Mortgage?

Start with the payment, not the price. A house is affordable only if the full monthly obligation fits your income after considering taxes, insurance, mortgage insurance, and your other debt. That is why a preapproval maximum is not the same thing as a safe spending target.

A common planning benchmark is the 28/36 rule, where housing costs stay around 28% of gross monthly income and total debt stays near 36%.

Some loan programs allow more flexibility, especially FHA, but that does not mean the higher number is comfortable.

For example, a household earning $75,000 per year, or about $6,250 per month gross, would usually want to be thoughtful once the full housing payment pushes much beyond the upper-$1,000s.

That kind of math is more useful than vague advice to shop within your means.

Use the McGowan mortgage calculator to test different down payments, loan types, taxes, and mortgage insurance assumptions side by side.

What Are Common Mistakes to Avoid When Applying for a First-Time Home Buyer Mortgage?

The most expensive first-time buyer mistakes usually happen before closing, not after it.

Buyers hurt themselves by shopping homes before financing, shopping rates too narrowly, changing their credit profile during underwriting, or choosing the wrong loan type because they focused on rate instead of total monthly cost.

CFPB says buyers should request multiple Loan Estimates, and Freddie Mac research found that getting one extra rate quote saves borrowers about $1,500 on average, while five quotes save around $3,000 on average.

House hunting before preapproval. You need a working budget before you need granite countertops.
Taking only one quote. This is still one of the costliest mistakes in mortgage shopping.
Opening new debt before closing. A car loan, furniture financing, or even higher credit card utilization can change your approval.
Budgeting for principal and interest only. Taxes, insurance, HOA dues, and MI often surprise first-time buyers more than the rate does.
Ignoring down payment assistance. Many buyers qualify for help and never ask.
Choosing FHA when conventional would be cheaper long term, or vice versa. The wrong loan type can cost more than a slightly worse rate.

Highlight Box
The single best rate-saving habit is simple: get more than one Loan Estimate and compare APR, lender fees, mortgage insurance, and cash to close, not just the note rate.

How Long Does It Take to Close on a First-Time Home Buyer Mortgage From Application to Keys?

Most first-time purchase loans close in roughly 30 to 45 days after the accepted offer, though the total process from preapproval to keys often runs closer to 45 to 60 days.

The main variables are appraisal timing, documentation speed, title work, inspection negotiations, and whether down payment assistance adds another approval layer.

FHA can sometimes take a bit longer because of appraisal and documentation specifics. Assistance programs can add time too.

That is why experienced process management matters.

At McGowan, we keep first-time buyers from getting surprised halfway through the file.

Can First-Time Home Buyers Get Lower Interest Rates Through Government Programs?

Yes, but the real benefit is often lower total financing cost, not just a visibly lower note rate.

FHA, VA, USDA, and many state housing agency programs can improve affordability through easier credit rules, lower down payment requirements, reduced monthly cost, or a more favorable overall structure.

VA stands out because it combines strong rates with no down payment requirement for many borrowers and no monthly mortgage insurance. USDA is powerful for eligible rural and suburban purchases because it can also be a zero-down option.

Conventional first-time-buyer options matter here too. HomeReady and Home Possible were built to improve access and affordability, especially for lower-income or modest-down-payment borrowers.

That makes them part of the same conversation even though they are not government loans.

Apply online with McGowan Mortgages — same-day approvals available.

Expert Viewpoint: Your First Mortgage Sets the Foundation for Your Financial Future

The margin for error is smaller than most people realize. A lower rate helps, but it’s not the whole picture.

Mortgage insurance, cash to close, loan type, and your ability to refinance later often matter just as much. The buyers who come out ahead are the ones who treat their mortgage like a financial strategy, not a checkbox.

Here is the part most buyers miss:

The goal is not to get the lowest rate today.
The goal is to build a loan you can improve over time.

That means starting with a structure that fits now, while giving you flexibility as your financial profile improves.

That is where experience matters. A good lender does not just quote rates. They help you choose the path that costs less over time.

McGowan Mortgages helps investors secure competitive financing. Contact the team today for a free rate quote and compare your options before you commit.

Frequently Asked Questions About First-Time Home Buyer Mortgage Rates

What is the average mortgage rate today?

As of March 12, 2026, the average 30-year fixed mortgage rate is at 6.11%.

How much down payment do first-time buyers need?

Many first-time buyers can put down 3% with qualifying conventional programs, 3.5% with FHA, and 0% with eligible VA or USDA loans.

How do I compare mortgage rates from different lenders?

Request official Loan Estimates from multiple lenders and compare rate, APR, fees, mortgage insurance, and cash to close side by side.

Do first-time home buyers qualify for discounted FHA or conventional loan rates?

Not automatically, but many first-time-buyer-friendly programs lower total cost through reduced mortgage insurance, assistance, or more favorable loan structures.

What is the best type of mortgage for a first-time home buyer?

For many buyers, the best fit is either FHA for easier qualification or a 3%-down conventional option for stronger-credit borrowers who want better long-term economics.

Can first-time buyers qualify for government-backed loans?

Yes, FHA is broadly available to qualifying buyers, while VA and USDA are available to eligible military and rural-area borrowers.

What credit score do first-time home buyers need for the best mortgage rate?

The strongest pricing usually goes to borrowers with higher scores, while many entry-level programs begin around 580 to 620 depending on loan type.

How does rate locking work for homebuyers?

A rate lock holds your rate for a set period while the loan closes, provided the file does not materially change and the closing happens within the lock window.

What is the best way to lock in a low mortgage rate right now?

Get preapproved, keep your documents ready, compare Loan Estimates, and lock once you have an accepted offer and the payment works for your budget.

Can first-time home buyers use down payment assistance with their mortgage?

Yes, many first-time buyers combine their mortgage with state, local, employer, or nonprofit down payment assistance programs when eligible.

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Carlos Olvera

21:24 26 Mar 26

Nick M

03:15 20 Mar 26

They made the whole process super easy and I was able to close quick with a low interest rate. I will definitely use them again for my next home and refinancing.

Lindsay Blanchard

01:30 20 Mar 26

We loved working with McGowan! It was our first time buying a house, and we were so overwhelemed. They were supportive the whole way through and patient explaining everything so we could make the best decisions on our loan choice, how much to put down, saving for closing, etc. Very responsive and could tell genuily care. :)

soran ibrahim

16:26 11 Mar 26

Derek and his team worked tirelessly to get us approved and into our new house, all around the clock. We have worked with several other lenders and can confidently say that the McGowan group far exceeded our expectations. They listened, explained, and walked us through every step. I would recommend McGowan Mortgages 100% with no hesitation to anyone thinking about buying a home. Their level of expertise, especially in this market, will make the difference in securing the house of your dreams with rates you can afford or having made the biggest mistake of your life. I will always come back and know that they are there for my family and I, with any questions we have. I can’t thank the McGowan team enough for their professionalism and dedication to our family during a difficult process made easy.

Summer Winters

22:06 06 Mar 26

Myron McGee

21:06 06 Mar 26

My Team was fast and very flexible. I appreciate them helping us with our first DSCR Loan. 10/10

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18:58 06 Mar 26

Dylan Pankaskie

21:29 05 Mar 26

Claudia Pena-Guzman

21:11 05 Mar 26

The team was phenomenal to work with and extremely helpful every step of the way. I recommend them to anyone purchasing or refinance their home.

Max Disser

18:07 10 Feb 26

McGowan Mortgage was outstanding for both my primary home purchase and an investment property. Their speed was exceptional—everything moved efficiently without ever feeling rushed. The team’s knowledge was clear at every step, from structuring the loans to explaining options in a way that actually made sense. Most impressive was the communication: proactive, responsive, and transparent throughout the entire process. I always knew where things stood and what was coming next. I wouldn’t hesitate to recommend McGowan Mortgage to anyone looking for a smooth, professional mortgage experience.

McGowan Mortgage Team

17:58 10 Feb 26

Derek and his team go above and beyond to help. I couldn't be happier with the service I received. There was always someone to answer my questions and guide me through. I will be recommending them to everyone I know! Thank you again!

Rogilyn Martinez

17:56 10 Feb 26

Fantastic company with a knowledgeable and supportive team. Great processes, clear communication, and a strong commitment to quality. Highly recommend!

Reyn Bulatao

THE BEST!

Spartacus 777

03:50 10 Feb 26

I am very grateful with McGowan Mortgages, they helped me to get the mortgage for my new house last year, especially when most banks told me it was too difficult or even impossible because I am a self employed, McGowan made simple and possible, I truly recommend them.

Hunter Bruecker

20:33 09 Feb 26

There team is great they worked together to get my heloc funded in 9 days, when I was on a time crunch!!

Maxwell Jones

22:41 08 Feb 26

If you want a mortgage lender who is responsive, sharp, honest, and relentless, Max Disser is the guy.We purchased our home in November 2024, and since this was my first home purchase, I expected the process to be stressful and confusing. On top of that, we used a VA loan, which can come with extra steps and specific requirements. Max handled everything like a total professional and made the entire process feel smooth, organized, and completely manageable.He communicated clearly, stayed ahead of deadlines, and always made sure I understood what was happening at every stage. Anytime I had a question, Max responded quickly and confidently, and I never felt left in the dark.What really stood out was how knowledgeable he was with the VA loan process and how well he worked with me as a veteran. He didn’t just “process a loan” — he genuinely cared and made sure I was taken care of from start to finish.If you’re a first-time buyer or a veteran looking to use your VA benefits, I highly recommend Max Disser and the McGowan Mortgages team.

D. Boulden

19:33 08 Feb 26

Derek and his team worked to find a tailored solution for my circumstance. Responsive and detailed team that will work to find the best product that meets your goals. I would highly recommend this company!

Jacob Schuetze

18:43 29 Dec 25

Derek has a great team, and while the process wasn't without hiccups, his team was great to work with and helped every step of the way.

matt bielert

15:36 10 Dec 25

Derek got us set up and approved fast so we could put in offers on homes quickly. We got our place and the experience was great. Also during the process as questions or concerns came up he answered quickly and was very professional . We look forward to working with Derek and the McGowan team for future investments.

Paul Semple

14:41 19 Oct 25

I have never met a group of people who are experienced when it comes to home buying.It wasmy first time purchasing a home.I didn't know how to start the home buying process.I was introduced toTiana, Jessica, Derek and their team who stood up with me and my daughter from the beginning to the end.We were in our house in a timely manner.We will like to say thanks toDerek and his team. ⭐⭐⭐⭐⭐

Joann Ross Sanchez

22:35 18 Oct 25

I have a good experience working with McGowan Mortgage all the team make my dream come true in my new house they move so fast and when I almost give up they jump and do everything always with a good communication no matter the hour always I have the answer thanks for everything you and you team are A plus. Thanks to everyone work with me ( Megan, Analise, Tatiana and Derek)

Kaylie Westhefer

17:57 24 Sep 25

Thank you Max for all of your assistance! Your knowledge and customer service was outstanding and we are so thankful for your patience with us. Highly recommend connect with Max if you are shopping for rates and mortgage options! Had the pleasure of speaking with Derek and Thao at an event and they are just such great and kind individuals! Appreciate you all!

Andrew Halsey

16:23 15 Sep 25

Good help when needed all through the processes

Tina Liu

13:06 10 Sep 25

Cindy initially reached out to me, and then Julie followed up to help me see where I stand with buying a home since I’m looking into it for next year. She gave me a clear plan moving forward, and I really appreciate that it didn’t feel pushy at all. McGowan Mortgages truly seem like they care more about their customers than just pushing out numbers, and I’m excited to use them next year when I’m ready.

Stephanie Desai

21:52 06 Sep 25

Valerie Simmons

20:07 06 Sep 25

Cyndy, Missy and Derek were all very helpful, got us a great deal, lowered our closing costs and were so very professional and courteous. We appreciate all the energy and time. Thank you so much.

logan edwards

03:12 05 Sep 25

Everybody is amazing and helpful and really is there to help you and make sure you have every answer and if they dont they will try there hardest and get back to you in a very fast manner. 10 out of 10 recommend. Thank you guys for everything you guys did to help me get my wife and I our first house.

Faith Packer

21:58 02 Sep 25

I am currently working with McGowan Mortgages on my refinance, and the experience has been wonderful so far. Even though I’ve run into a few hiccups with my situation, Fidel has been incredibly helpful and supportive throughout the process. With my busy schedule, I sometimes can’t respond right away, but their team always checks in with me and keeps me motivated to stay on track. Those reminders make a huge difference for someone like me.I was recommended to McGowan Mortgages by my friend Julie, who helped me get started with my refinance application, and I’m so glad she did. Everyone on the team has been wonderful, professional, and committed to making the process as smooth as possible. Highly recommend!

Jenny Nance

18:36 23 Jul 25

my daughter referred me to mcgowan mortgage and the process has been great! I have been starting up my process with Julie and she has made this all a breeze! very grateful to have someone so helpful.

stacey gordon

15:25 22 Jul 25

We had such an awesome experience with the team! Would recommend a thousand times over!

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17:04 19 Jul 25

13:56 17 Jul 25

Whether you are a first time home buyer or a seasoned homebuyer these folks work so hard for you. They were kind, patient, knowledgeable and professional in every step of the process. I had little to no experience with every aspect of the process and they never let that get in the way. They worked hard every day and were always accessible. Can’t say enough good things about this company!!!!!

Steve P.

15:46 16 Jun 25

McGowan … from start to finish were always alternative and Helpful , with our loan process, last year we work with another major national loan company and we regretted the experience and hindered us purchasing a home at last minute . Wasn’t case this time around and we are happily in our new home ! Thank you Derrick McGowen and Staff and are grateful for your efforts and making our retirement home purchase possible .

Zoe B.

16:00 12 Jun 25

As a first-time homebuyer, I was honestly so clueless about the loan process, but working with McGowan Mortgages has been nothing short of amazing. From the very beginning, Julie, my application specialist, made everything so easy to understand. She communicated with me every step of the way and always kept me updated. After her, Tiana stepped in and has been just as incredible. The consistency in communication and support has been something I truly appreciate. What stood out the most is how well the entire McGowan team keeps everyone in the loop…not just me, but even my realtor! He hardly ever needs to reach out because they are always a step ahead in keeping everyone informed. It’s clear this team genuinely cares and wants to help people, not just push deals through. A huge thank you to Derek and the entire McGowan Mortgages team. You all are such kind, wholesome people, and it truly shows in how you treat your clients. I’m so excited to close on my new home soon, and I’m so grateful to be doing it with a team I trust!

Daniel Byard Keller Williams One Legacy Partners L.

18:24 07 Jun 25

My self and my Team have used McGowan Mortgages as a partner lender to our Real Estate Team for a few years now and they GET THINGS DONE. Derek and the Team are on point! 5 stars All the way!

05:09 06 Jun 25

Working with McGowan Mortgages was a fantastic experience. They were responsive, knowledgeable, and made the entire mortgage process smooth and stress-free. Communication was top-notch, and every step was explained clearly and handled with care. I highly recommend McGowan Mortgages to anyone looking for a trustworthy and efficient mortgage professional!

Team Ringgold - A.

16:20 05 Jun 25

McGowan goes above and beyond to keep things as easy as possible. Great communication and they really strive to put the customer first. I highly recommend for anyone who is getting a home loan!

Ali P.

14:04 05 Jun 25

The McGowan Team was very communicative for their clients from contract to close! It was a pleasure to work with their team.

Genrikh K.

15:59 03 May 25

Amazing team, helped me a lot and explained all what I need in proper ways that easy to understand.

Rick S.

19:10 21 Mar 25

McGowan Mortgages were easy to work with and closed quickly. I completed a refinance on a rental property with them and then closed on another property with them both in the same month. My realtor was also impressed with them and thought they were easy to work with. I plan on using them again to refinance down my second rental property. I highly recommend them.

tammy D.

14:19 21 Mar 25

What a great team! Very friendly and easy to work with. We were able to close on our house in less than a month.

Christina A.

05:16 09 Mar 25

Derek and the team made the whole process easy and will answer any questions you might have! They guided me through the entire process, ensuring that I understood all my options and felt confident in my decisions! Thank you!

D L.

21:30 04 Mar 25

THIS COMPANY ROCKS!!!!Navy federal gave me HELL ON EARTH!!!Mcgowan Mortgage saved me big time on a refinance!!! Derek, Fidel, Megan, Jessica, they are awesome!! To work withWill most definitely continue to do business with them again!!

Bob P.

17:20 04 Mar 25

Derek is a great Loan Officer that will go above and beyond to help you get into your home...His exceptional service and dedication truly sets him apart from the rest..Its always a pleasure to work with him!

James J.

13:46 04 Mar 25

I can’t say enough great things about Derek McGowan and his incredible team. Their professionalism, responsiveness, and commitment to finding the best solutions for clients truly set them apart.If you're looking for a lender who genuinely cares and delivers outstanding service, I highly recommend Derek McGowan and his amazing team.Jim Jablonski American Financial Resources LLC.

Sofi T.

21:06 03 Mar 25

Derek and his team are wonderful to work with! Proactive, friendly and professional. I would highly recommend.

Teddy K.

14:02 03 Mar 25

Derek McGowan was fantastic to work with! He’s fast, detail-oriented, and made the entire loan process smooth and stress-free. Highly recommend him for anyone looking for a reliable and efficient loan officer!

Bill S.

03:37 03 Mar 25

Best mortgage company I’ve ever worked with. I would definitely recommend. Kept the word through the whole process. Thanks to all of you guys and gals!!

Wade H.

23:41 02 Mar 25

Derek McGowen and his team are the best in the business. As mortgage brokers they have access to endless loan options and best in market rates. If you want great service and experience look no further.

Vaughn K.

02:24 02 Mar 25

Robyn has been a pleasure to work with and has provided a great experience! She is very communicative and helpful and has lots of knowledge!

Jose G

19:57 01 Mar 25

Great experience working with the McGowan team. They were able to help me and my fiancé get qualified and were very helpful throughout the process.

Jarret S.

19:34 01 Mar 25

The McGowan crew was great!! After trying a few mortgage company’s that wouldn’t approve us for the amount we wanted I found McGowan. They immediately got us approved for the amount we wanted. They for sure have ways of helping people who may have particular situations in the home buying process. Everyone was so nice and helpful and the one thing I especially loved was the prompt updates they were always keeping me informed on what was happening with my loan throughout the whole process. Jess the processor was also exceptional and made that whole process extremely stress free when it came time to get everything in order for the underwriter. Thanks for everything!! If I ever buy another house in the future I will certainly be using McGowan!!

Frank P.

17:13 01 Mar 25

Easy to work with very professional great at returning text email and calls and closing the deal I will deff use them again

Coralee C.

16:41 01 Mar 25

After so long trying and so close to my rental lease ending, I was recommended to this wonderful team and they made it happen. In about 30 days I was approved and moved in to my new home! Very grateful and happy. Smooth process.. Definitely will recommend.

Taelor C

16:31 01 Mar 25

They made the whole process easy and kept me in the loop about everything! I definitely would recommend.

rory L.

06:49 01 Mar 25

Derek and his team are great! Always there to answer any questions. Needed to close on time and they delivered!

Joshua C.

23:19 13 Feb 25

Derek and his team were organized, responsive and got the job done for our mutual client. Great experience all around!

Dawn D.

21:44 13 Feb 25

I've worked with McGowan Mortgages on multiple occasions. They are the absolute best at keeping everyone involved in a transaction, very well informed in the mortgage process. These folks at McGowan Mortgages strive to make sure clients understand everything!!! I highly recommend them to anyone interested in purchasing a home!

Alicia S.

17:40 10 Feb 25

As a Realtor when working on a financed deal for a client, nothing is more important then timely response and accountability from the lender and MCGOWAN MORTGAGE offers both! Highly recommend!

Rachel T.

15:13 01 Feb 25

I had a fantastic experience refinancing my home with Derek and his team at McGowan Mortgages. They made the entire process quick and seamless, handling everything efficiently and with great care. The team was incredibly friendly and responsive, always available to answer my questions and keep me updated. I felt taken care of every step of the way, and they really went above and beyond to make sure everything was done right. Highly recommend them for anyone looking to refinance!

Janna H.

14:53 31 Jan 25

Amazing team with the fastest service I’ve ever seen. HIGHLY RECOMMEND!!

Don S.

Jacquelyn B.

01:05 25 Jan 25

So helpful for first time buyers! Great customer service and responds quickly with great tools and information for buying a home!

Dan H.

16:56 30 Dec 24

Derek and his team were great to work with. They constantly keep us up to date on the status of the loan and how things were progressing. They were very helpful and in constant communication.

Kim W.

01:17 27 Dec 24

My husband and I are extremely pleased and grateful for the awesome job that McGowan Mortgage did for us.With 11 days to close we decided to go with McGowan due to issues with our other lender. McGowan’s team jumped right in and got us to close on time.Their entire team is professional, knowledgeable and kept us informed every step of the way!Most importantly we appreciate Derek and his team for caring about us to get us the best interest rate.We will definitely use them again and tell our family & friends about their services.

reggie P.

05:24 26 Dec 24

Derek and his staff came through in clutch time! Under dyer circumstances they were able to get my clients closed in 7 days, and keep it 100% professional. I look forward to working with them again.

Lynn P.

18:24 24 Dec 24

Derek and his team are stellar. Their communication and follow up is awesome.The have access to some very outside the box lending options for some of the more unique buyers.Highly recommend them!

Alberto R.

01:07 24 Dec 24

Very easy to work with as I always say if McGowan mortgages can’t do it then no one can.

anthony P.

06:48 09 Dec 24

My experience with the McGowans Corp was such a blessing and a truly one of a kind Adventure. We couldn’t have possibly chosen a more professionalKnowledgeable and well versed company thatmade our interactions feel more like family truth be told. They made the entire process seamless from start to finish, I mean wow and their confidence prior to any paperwork signing let us know what they do, how they work, what to expect as far as some highs and lows of new home searching. I would choose them a thousand times with confidence and ease in knowing the end results would be the same. Thank youDerek and Thao!!

Betty B.

21:29 28 Nov 24

Super Mortgage Company. They worked with me to get my mortgage when no other company would. They were with me the whole way. Constant communication and making sure all was getting done satisfactorily. So grateful to all of you. Thank you!

Noah L.

20:51 25 Nov 24

Derek was very helpful in the overwhelming process of buying a house!

Ash Dow (.

17:57 23 Nov 24

Awesome team! Enjoyed working with them!

Togo

16:37 23 Nov 24

They were wonderful people to work with, very receptive, efficient and nice. :) buying my first home was made easy by McGowan!

Steven M.

01:30 06 Nov 24

After 22+ in the Navy, I retired as a disabled combat veteran. I just wanted to come back to my hometown, buy some dirt, and finish raising my family. McGowan Mortgages were able to make that dream happen for me. They were outstanding to work with, genuinely engaging, and very proactive. They went out of their way to get the best possible interest rate so I was able to maximize my purchasing power. Thank you McGowan Mortgages!

Chris H.

01:35 26 Oct 24

Easy, seamless process. Derek was always available by phone and explained everything, anytime, I had questions!

Job R.

22:07 24 Oct 24

Loved working with them in getting our home made it nice and smooth for me thank you guys again

Tyler S.

21:05 21 Oct 24

They went above and beyond to help us get into the home we found on a time crunch. Highly recommend Derek and his team.

Oleg S.

21:12 18 Oct 24

Brittany F.

01:01 18 Oct 24

Fabulous team across the board! Derek and his team will be there with you every step of the way, focused not only on getting the sale through, but making sure to get you the best rates out there. Will definitely be working with their team again when it's time!

Kitamwire 2.

04:18 11 Oct 24

As first time home buyers. Me & my wife were very pleased to have McGowan as our Mortgage broker. The staff members were very professional in guiding us through the paper works and always open for questions throughout the buying process. Made our first home buying experience much smooth. Definitely recommended to any potential home buyers. We are looking forward to refinance with them in the coming months.

Alisa C.

16:10 10 Oct 24

chantel C.

12:25 10 Oct 24

I am thrilled to share my experience with McGowan Mortgages, as they played a pivotal role in helping me purchase my first home after what had been a deeply frustrating journey with two other lenders. My previous attempts werefraught with delays and ultimately ended in heartbreak when both lenders denied my applications after months of waiting. It felt like I was stuck in a limbo, unsure if I would ever achieve my dream of homeownership.When I turned to McGowan Mortgages, I was greeted with a refreshing level of professionalism and genuine care. From the very beginning, they provided me with a clear and actionable plan to raise my credit score, which was crucialin securing my approval. I was able to move into my new home within just 2-3 weeks—an impressive turnaround compared to my previous experiences.What stood out most was the patience and understanding of the McGowan team, particularlyDerek, who worked tirelessly to ensure I was well-informed throughout the entire process. He was always available to address my concerns, no matter the time of day. This kind of support truly made a difference during atime when I felt overwhelmed by the complexities of home buying.Thanks to McGowan Mortgages, I secured an incredible deal: no money down and a competitive 5.2% interest rate. Additionally, when the seller requested more money for the extended wait caused by my previous lenders,Derek kindly offered me a $500 credit to help ease that burden. As a single mom and a veteran, this support was invaluable.I cannot thank Derek and the entire McGowan team enough for their dedication and commitment to helping me realize my dream of homeownership. They provided educational videos to guide methrough the process and kept me on track with timelines, making everything feel manageable and straightforward.In conclusion, I wholeheartedly recommend McGowan Mortgages to anyone seeking a lending partner. My experience was nothing short of exceptional, and I am now a proud homeowner because of their outstanding service. I would ratethem a firm 10 out of 10!

Terry B.

23:20 08 Oct 24

Buying our first home was an incredible experience thanks to McGowan Mortgage. From the very beginning, they were attentive, knowledgeable, and genuinely cared about our needs. Especially during the times we were ready to give up. They guided us through every step of the process, making it seamless and stress-free. We ended up finally finding the perfect house in a great neighborhood, all within our budget! Their expertise and dedication made a stressful process enjoyable. Highly recommend! ⭐️

Joe S.

17:03 04 Oct 24

Great service!

Luis M.

21:46 03 Oct 24

Had the best experience.

Caleb W.

00:39 02 Oct 24

Always going above

Subbley H.

22:41 01 Oct 24

My husband and I had a smooth experience with McGowan Mortgages after a challenging start. Their professionalism and patience made our first-time home buying process effortless. Highly recommended!

Steve N.

15:57 30 Sep 24

Team McGowan was great work with throughout the process. They are true advocates for their customers.

Chanita T.

05:10 27 Sep 24

Jessica was very helpful and knowledgeable about the whole process, patient with me being a 1st time home buyer she literally held my hand and walked me through the process will recommend McGowan Mortgages to my friends and family thanks for all you guys did for me

Jeff T.

23:16 10 Sep 24

Derek & team were great to work with! They were very responsive, answered my off-the-wall questions at any time of day, and helped me close faster than anticipated. I would definitely recommend others to work with Derek's team when looking for a house in the future!

matt O.

13:39 26 Aug 24

Fast, efficient, informative and always professional!

Jamie L.

13:10 26 Aug 24

McGowan Mortgages worked very hard to get the job done. The communication is excellent and all the staff were so very nice and efficient. I cant say enough about how grateful I am for this company.

Reginaldo G.

20:24 21 Aug 24

Excelente Servicio y Atención. Gracias

Katie B.

22:54 16 Aug 24

They are a great company to work with. As a First time home buyer with all the questions they answered all of them and were available anytime I needed.

Denise jane A.

01:23 15 Aug 24

The best Mortgage company

Adam S.

18:21 11 Aug 24

Buying my first home was terrifying enough but Derek and his team got me through it anxiety attacks and all. He made the impossible happen and I can't thank him enough.

Mel C.

16:26 08 Aug 24

I recently had the pleasure of working with McGowan Mortgages for my home, and I couldn't be happier with the experience. From start to finish, their team was professional, knowledgeable, and incredibly responsive.They guided me through the entire process with ease, explaining every step in detail and answering all my questions patiently. They were always available to address any concerns I had, which made me feel confident and supported throughout the process.McGowan Mortgages secured a fantastic interest rate for me, saving me a significant amount of money each month. Their dedication to finding the best possible deal for their clients is truly commendable.I highly recommend McGowan Mortgages to anyone looking for a mortgage or refinance. Their exceptional service, expertise, and commitment to their clients make them stand out from the rest. I am grateful for their assistance in making my refinance a smooth and successful experience.

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