Purchase - Adam Fry Mortgage

Congratulations!
You’re ready to buy a home

Buying a home is one of life’s
biggest milestones. I’ll walk you through every step — from
pre-approval to keys in hand.

Whether you’re a first-time buyer or moving into your forever home,
you’ll have the right loan and the
right guidance.

How Our Home Purchase
Loan Process Works

Apply Online – Complete our secure mortgage application. This gives us the details we need to start tailoring loan options to your goals.
Explore Your Options – Based on your credit, income, and financial picture, we’ll show you the loan programs you qualify for, and explain the pros and cons of each.
Compare Rates & Terms – We’ll lay out interest rates, monthly payments, and long-term costs in plain language so you can make a side-by-side comparison.
Close with Confidence – Once you select the loan that best fits your needs, we’ll guide you through the paperwork, underwriting, and closing, keeping everything as smooth and stress-free as possible.

Do I qualify?

When you apply for a mortgage, lenders look closely at your debt-to-income ratio (DTI) — the percentage of your monthly income that goes toward debt payments.

Front-End Ratio (43%) – This is the portion of your income that can go toward your new mortgage payment (principal, interest, taxes, and insurance).

Back-End Ratio (49.99%) – This includes all monthly debt obligations combined (your new mortgage plus credit cards, car loans, student loans, etc.).

In most cases, lenders want to see your mortgage payment at or below 43% of your gross monthly income, and your total debts at or below 49.99%.

Good to Know: VA and FHA loans may allow for higher debt ratios on a case-by-case basis, depending on your overall financial profile.

Mortgage rates change daily, and your rate will be personalized based on your finances, location, and loan program.

Start your pre-approval