GOT DENIED BY YOUR BANK? I MAY BE ABLE TO GET YOU APPROVED!

Loan Process

LOAN PROCESS

Purchase a home or to Refinance:
Applying for a mortgage loan is merely a process to collect appropriate information regarding your income and credit history, however, it is the most essential step towards owing or refinancing a home. Don't hesitate in applying for a loan, there is no obligation. Starting with the information you provide us, we will work to obtain approval for a loan that meets your purchase or refinance needs.

Credit Report:
A lender is not in a position to quote an interest rate or a loan program without knowing your credit score and your liabilities. Perfect credit, not so perfect credit, or even bad credit doesn't imply that you are automatically approved or can not be approved for a loan.


Pre-qualified:
First and foremost it puts you in a position as a homebuyer to know exactly how much you can afford. In addition, as a pre-qualified buyer you have a stronger standing than a buyer who is not pre-qualified. It will also help to close the loan quickly


Organize essential documents and get credit report

Purchase a Home

  • Last two years W-2s and current pay stubs covering one month for salaried employees.

  • Self-Employed persons please provide the last two years of tax returns and an YTD profit and loss statement.

  • For rental properties please provide rental agreements and the last two years of tax returns.

  • The last two months of current bank statements for each account.

  • Copies of 401K, IRA, Pension or other retirement savings.

  • Divorce Decree and Child Support, if applicable.

  • Bankruptcy papers (all schedules) and Discharge if applicable.

  • Name and address of your landlord, if applicable

  • Letter to explain any derogatory credit.

Refinance a Home

  • Last two years W-2 and one month of current pay stubs for salaried employees.

  • Self-Employed persons please provide the last two years of tax returns and an YTD profit and loss statement.

  • For rental properties please provide rental agreements and the last two years of tax returns.

  • Most recent mortgage statements on all owned properties.

  • The last two months of current bank statements for each account.

  • Copies of 401K, IRA, Pension or other retirement savings.

  • Divorce Decree, if applicable.

  • Copy of Homeowners/Hazard Insurance Policy

  • Names, address, phone numbers and account numbers of creditors to be paid at closing.

Loan approval:

Once we have received your application, our approval process begins. This involves verifying the following information:

  • Credit report

  • Employment and income history

  • Personal Assets; bank accounts, stocks, pension, mutual funds, 401K, and IRA.

  • Property value and title report

  • Additional documents or verifications may be requested depending on your individual situation.