Application Checklist

The loan approval process generally begins with an initial interview where the prospective home buyer (or home owner refinancing) and the mortgage professional meet to discuss the potential loan. You will need to bring information to verify your income and assets.

Often people prefer to meet with the mortgage company before house hunting to determine in advance what price range they can realistically afford and the mortgage amount for which they can qualify. This step is called pre-qualification and can save you much time and trouble by making certain you are looking in the correct price range.

Many Real Estate Professionals will require the pre-qualification step before you go house hunting.

For your first meeting with the us, you should bring as much of the following as possible:

• Pay stubs, W2, complete Federal tax returns for two years.
• If you are Self Employed, we will need you Corporate or LLC returns as well… (two years Federal)
• Additional income information/documentation as it may apply to you. Examples: Social Security, Rental income, pension, child support, etc.
• Three months Asset statements, all pages. Checking, Savings, IRA, 401k, stocks, CD, etc.  (not Internet printouts) must contain all information.
• All relevant legal documentation including…Divorce settlement papers Child support documents, Citizenship papers, Bankruptcy documents,etc. ( if applicable)
•  Name and contact information to all parties relevant to your request such as Realtor, Seller, Insurance Agent, preferred Title Company.  We can help you here, if you do not know.
• Property Tax information (if available)
• Home insurance information (if available)
• A purchase contract for the house (when  available or if you have one already)
• Always feel free to call and review your particular situation  and documentation requirements everyone is very unique.
• Government photo ID   such as the drivers license or passport (and if FHA loan request Social Security card)

Having these items on hand when you visit will help speed up the application process.

After the initial meeting with us, we will determine if you pre-qualify,  the loan amount, type of loan along with details about closing costs, monthly payment, your budget and debt ratios.