Question 1

How quickly can I get pre-approved for a mortgage in Annapolis?

Accepted Answer

George can typically issue a pre-approval letter the same day you submit your documents. Having your pay stubs, W-2s, tax returns, and bank statements ready speeds the process significantly. Call or fill out the form above to get started.

Question 2

What documents do I need to apply for a mortgage?

Accepted Answer

Most borrowers need two years of W-2s and tax returns, one month of recent pay stubs, two to three months of bank statements, a government-issued ID, and information on any current debts. Self-employed borrowers typically provide two years of business and personal tax returns plus a year-to-date profit and loss statement.

Question 3

What credit score do I need to qualify for a mortgage in Maryland?

Accepted Answer

Conventional loans generally require a 620 or higher credit score. FHA loans allow scores as low as 580 with 3.5% down. VA loans have no official minimum set by the VA, though most lenders look for 620 or above. George can review your credit profile and identify the best loan program for your situation.

Question 4

Can I get a mortgage if I am self-employed?

Accepted Answer

Yes. George specializes in self-employed and complex borrower scenarios. Options include bank statement loans (using 12–24 months of deposits instead of tax returns), conventional loans using two years of tax returns, and asset-depletion programs. As a CPA, George understands how business income is structured and can find the right fit.

Question 5

How much does it cost to work with George Matthews?

Accepted Answer

There is no cost for a consultation or pre-approval. Lender fees and closing costs vary by loan type and purchase price. George provides a full Loan Estimate with a transparent breakdown of all fees before you commit to anything.

Question 6

Does George Matthews work with first-time home buyers in Annapolis?

Accepted Answer

Absolutely. George works with first-time buyers throughout Annapolis and Anne Arundel County and can walk you through every step — from understanding your budget and getting pre-approved to choosing the right loan program, including the Maryland Mortgage Program (MMP) which offers down payment assistance for qualifying buyers.

Question 7

What areas does George Matthews serve?

Accepted Answer

George is licensed in Maryland and primarily serves Annapolis, Anne Arundel County, Severna Park, Arnold, Pasadena, Glen Burnie, and surrounding communities. He is available by phone, email, and in person.

Question 8

What is the difference between pre-qualification and pre-approval?

Accepted Answer

Pre-qualification is a quick estimate based on self-reported income and assets — it carries little weight with sellers. Pre-approval involves a full review of your documents and a credit pull, resulting in a conditional commitment letter that shows sellers you are a serious, qualified buyer. George issues full pre-approvals, not just pre-qualifications.

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George N. Matthews, CPA

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