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Financing your Home
Starting the loan process...
STEP ONE
Discuss your mortgage financing needs with your loan counselor. Be prepared to answer questions about your income, assets and credit history.
STEP TWO
You are Pre-Qualified to purchase a home and understand what conditions are still required to obtain final loan approval. Set an appointment for your loan application.
STEP THREE
At the mortgage application you will provide documentation to support your income, assets and credit history. Use the application checklist on this page as a guide and confirm with your loan officer.
STEP FOUR
Review which loan programs best meet your needs. During the application you will discuss specific loan programs and interest rates . Your loan counselor will assist in the loan program best suited to your situation.
STEP FIVE
Review timing for your interest rate lock-in. Discuss costs related to purchasing a home and review a Good Faith Estimate and Truth In Lending Statement.
STEP SIX
Your loan is submitted through an automated underwriting program to obtain a loan Pre-Approval. Additional documentation may be required, based on results.
** CONSULT YOUR LOAN COUNSELOR WITH ANY QUESTIONS.
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Application Checklist
Get Started Today !
APPLICATION CHECKLIST
Employers' addresses (2 years)
Asset information: (2 months for each)
Savings Account Statements
Mutual Funds / Stocks
IRA / 401K / Pension
Self-employed requires 2 years of corporate returns with all schedules and a current year-to-date financial statement
Please keep in mind that based on your credit & with all the programs available, you may not need to provide the above documentation.
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