Frequently asked questions

Mortgage questions? We make it make sense.

Buying a home is a big decision, and you deserve clear answers before you commit. At Matek Mortgage, we help homebuyers in Maitland, Orlando and across Central Florida understand their mortgage options, compare lending solutions and navigate the home-buying process with confidence.

  • Matek Mortgage is a mortgage brokerage based in Maitland, Florida, serving homebuyers in Orlando and across Central Florida. We work with a network of 150+ lending partners to help borrowers explore mortgage options suited to their financial situation and homeownership goals. Our team provides personalized guidance throughout the loan process, from the initial conversation to closing.

  • Matek Mortgage is a mortgage brokerage, not a traditional bank. Rather than working with only one institution’s mortgage products, we work with a network of lending partners to compare available options. This gives borrowers more opportunities to find a loan that fits their circumstances. We help you understand the differences between options so you can make an informed decision.

  • Matek Mortgage is based in Maitland, Florida, and serves homebuyers in Orlando and throughout Central Florida. Whether you are buying your first home, moving to a different neighborhood or exploring an investment property, our team can help you understand your mortgage options. Contact us to confirm service availability for your location and the type of property you plan to finance.

  • A mortgage broker can help you compare loan options from multiple lending partners instead of considering only one institution’s products. At Matek Mortgage, we look at your goals, financial situation and eligibility to help identify potential options. A bank may still offer a competitive solution, which is why we focus on helping you compare your choices rather than assuming one option is always better.

About Matek Mortgage

  • Mortgage pre-approval is an early step in understanding your home-buying budget. A mortgage professional reviews your financial information, which may include income, assets, debts and credit history, to evaluate your potential eligibility. The lender may then issue a pre-approval subject to its requirements. At Matek Mortgage, we help you understand the process and prepare for the next steps before you start making offers.

  • Yes, first-time homebuyers may qualify for a mortgage even if they have never owned a home before. Eligibility depends on factors such as income, credit history, existing debts, available funds and the loan program. Matek Mortgage helps first-time buyers understand their options, prepare for pre-approval and learn what to expect before making an offer on a home in Orlando or Central Florida.

  • There is no single credit score requirement for every mortgage. Minimum scores vary by loan program and lender, and your overall financial profile also matters. If you are concerned about your credit score, a Matek Mortgage loan advisor can help you understand which options may be available and what steps could strengthen your application before you move forward.

  • A 620 credit score does not automatically mean you cannot qualify for a mortgage. Some loan programs may consider borrowers at that score, depending on the lender’s requirements and the rest of the application. Income, debts, down payment and other eligibility factors can also affect the outcome. Talk with Matek Mortgage to review your situation and identify potential options.

  • The down payment you need depends on the mortgage program, property, purchase price and your eligibility. Some loan options allow lower down payments than others, and certain buyers may qualify for assistance programs. You should also plan for closing costs, prepaid expenses and ongoing homeownership costs. Matek Mortgage can help you understand the costs to consider and explore options that fit your circumstances.

  • Mortgage applications commonly require identification, proof of income, employment or self-employment information, bank statements and details about existing debts and assets. Depending on your situation, the lender may request additional documents. Preparing these records early can help the process run more smoothly. Matek Mortgage can explain which documents are relevant to your application and help you understand what happens next.

Getting a mortgage

  • Yes, self-employed borrowers and people who receive 1099 income may have mortgage options. Lenders evaluate income differently depending on the loan program, documentation and financial circumstances. Tax returns, bank statements or other records may be relevant, depending on the program. Matek Mortgage works with lending partners that offer different documentation approaches and can help you explore which options may fit your situation.

  • Some mortgage programs are available to eligible borrowers who use an Individual Taxpayer Identification Number (ITIN). Requirements, documentation and available terms vary by lender and program. If you do not have a Social Security number, that does not necessarily mean you have no mortgage options. Matek Mortgage can help you explore potential ITIN loan programs and understand the requirements that may apply to your circumstances.

  • Yes, eligible borrowers may be able to finance investment properties through mortgage programs designed for real estate investors. Depending on the property and your financial profile, options may include conventional investment-property loans or specialized programs. Matek Mortgage works with lending partners offering different financing solutions and can help you explore the requirements, documentation and loan structures that may suit your investment goals.

  • Some foreign nationals may qualify for mortgage financing to purchase property in the United States, including eligible properties in Central Florida. Requirements vary based on residency status, available documentation, assets, income, property use and lender guidelines. Matek Mortgage works with lending partners that offer specialized financing options and can help you understand which possibilities may be relevant to your circumstances.

  • Yes. Matek Mortgage offers mortgage guidance in English and Spanish, helping Spanish-speaking homebuyers understand their options and navigate the loan process. Our Spanish-speaking team members can explain important steps, answer questions and help you understand what information is needed. Buying a home is a major decision, and you deserve to understand the process in a language you are comfortable using.

Mortgage options and special circumstances

  • Pre-qualification often provides an initial estimate based on information you share, while pre-approval generally involves a more detailed review of your finances. The exact process varies by lender, and neither necessarily guarantees final loan approval. Understanding the difference can help you prepare before making an offer. Matek Mortgage can explain what your lender has reviewed and what additional steps may be required.

  • The time needed to close a mortgage depends on the loan program, documentation, property, appraisal, underwriting and other requirements. Matek Mortgage has reported an average of 21 days from contract to clear-to-close across its historical loan production, but individual timelines can vary and the figure is not a guarantee. Our team works to keep borrowers informed and coordinate the steps needed to move toward closing.

  • Yes, comparing options can be worthwhile even if your bank has already pre-approved you. Different lenders may offer different programs, eligibility criteria and loan terms. A second opinion can help you understand whether your existing option fits your goals or whether another eligible solution may be worth considering. Matek Mortgage can review your circumstances and help you compare options without assuming that switching lenders is always the right decision.

  • Getting started is simple: contact our team to discuss your homeownership goals, timeline and financial questions. We will help you understand the information needed to review your situation, explore potential loan options and determine the next steps toward pre-approval. Whether you are buying your first home, moving within Central Florida or considering an investment property, we are here to help make the process make sense.

Choosing a loan and moving forward

Still have questions?

Ready to explore your mortgage options?

Call or text Matek Mortgage at (407) 442-1886 to start the conversation. English or Spanish, whichever is easier for you.

Matek Mortgage · Maitland, Florida · Branch NMLS #2623316 · Mpire Financial NMLS #2108504 · Equal Housing Opportunity.
Mortgage eligibility, loan terms and program availability are subject to lender requirements and may change. Information on this page is educational and is not a commitment to lend.

Call or text (407) 442-1886