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 appro val 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.

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I represent clients who authorize me to do so. I do not work for or represent the interest of any mortgage lender or other duly authorized entity to whom I may submit a mortgage application on behalf of a Client. My services are provided in a Mortgage Broker capacity and I am not authorized to approve or deny a mortgage loan request. NMLS 1691763 / NMLS 1322774