Save time and avoid delays by having this information available when you call to speak with us.
- Copy of Purchase Sales contract or Offer to Purchase and all addenda (signed by buyer and seller).
- Past 2 years' tax returns and W-2s.
- Past 2 years' employment history.
- Last 3 consecutive paycheck stubs (5 if paid weekly).
- Name, address and phone for past 2 years' residence(s) and landlord(s). Renters should bring evidence of 12 months' rent payments.
- Last 3 months' statements for savings, checking, CD, money market accounts, etc.
- Recent statement on retirement accounts (IRA, 401K, 403-B, Annuity, etc.).
- Divorce decree (if applicable).
- Bankruptcy schedules/Discharge papers (if applicable).
- If you are NOT a US citizen, provide a copy of your green card (front & back). If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.
What loan program and type is best for your situation?There are so many options for both loan program and loan type it is often difficult for clients to determine the best choice for their specific situation. We have information available on our Mortgage Info page listing the most common choices.
- Think about how long you plan to keep the loan. If you plan to sell your home in a few years, you may want to consider an adjustable-rate mortgage (ARM). If you plan to keep your home for a longer time a fixed-rate loan offers more long-term security.
- Understand the relationship between rates and points. Points are considered prepaid interest and may be tax deductible. Each point is equal to 1 percent of the loan. For example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower your rate. See our FAQ page for a closer look at points.
- Compare different loan programs. With so many programs to choose from, it's hard to figure out which program is best for you. Give us a call and we will help you find a loan program that best fits your short and long-term plans.
All the research and preparation you've done to this point makes this step an easy one.
Apply online by completing our online application. If you have any questions, or simply prefer to apply over the phone, please give us a call toll free at: 877-621-3557 and we will gladly help you with your application.
Once your loan application has been received, the loan approval process starts immediately. This involves verifying your:
- Credit history.
- Employment history.
- Assets including your bank accounts, stocks, mutual fund and retirement accounts.
- Property value.
Based on your specific situation, additional documents or verifications may be required.
To expedite getting a loan approval:
- Fill out the online application completely.
- Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
- Anything that causes your debts to increase might have an adverse affect on your loan approval.
- Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.
- Notify us before applying for any other credit, including credit cards, personal loans, auto loans, or even with another mortgage company. Some loan programs have strict guidelines regarding your credit score. Unnecessary credit inquiries may lower your credit score and may have an adverse affect on your loan approval.
After your loan is approved and we schedule your closing, you will be required to sign the final loan documents. Be prepared to:
- Bring a cashiers check for your down payment and closing costs (if required). Personal checks are normally NOT accepted.
- Review the final loan documents carefully to verify the accuracy of the name(s) and address listed.
- Sign the loan documents. The closing agent will require that you have your picture ID with you for identification purposes.
Your loan will normally fund shortly after you have signed the loan documents. On refinance transactions, federal law requires that you have three days to review the documents before your loan transaction can be finalized. Purchase transactions do not have a three-day rescission period and are final immediately.
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