How Has the Home Loan Process Changed During the Pandemic?

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In today’s hectic world of social distancing, many people have been asking questions about how that affects the home loan process. We brought in an expert to give you answers.

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I’m here today with one of our trusted lenders, Amy Oehler of the Big Life Home Loan Group, and she’s here to answer some questions about how the home loan process has changed in the time of quarantine due to coronavirus. There’s a lot of misinformation circulating social media, so I wanted to hear the truth from an expert who works with home loans.

Feel free to follow along in the video above, or use the timestamps below to navigate our discussion at your leisure:

0:40—Communication and backup plans are critical during this time 3:42—Are people who were pre-approved before the shutdown at risk of no longer qualifying for their loans?
8:53—Can having more cash in their accounts make a difference for their pre-approval?
12:48—Can we still expect a standard 30-day closing period?
14:14—Is now a good time to refinance your home loan?
16:36—If you pay extra money on each of your monthly payments, does the excess automatically go toward your principal?
17:58—Are jumbo loans still available?
21:31—Are down payment assistance programs backed by a mortgage company?

If you’d like to reach out to Amy Oehler at Big Life Home Loan Group for your home loan questions, give her a call at (512) 354-4529 or visit

If you have any other questions about real estate, don’t hesitate to reach out to us at the Gregory Group. We’re here to help you.

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