Your Tasks
Our Tasks
Help you understand your options
Review your credit report with you
Issue a pre-qualification letter
Set expectations for the home loan process
Your Tasks
Sign an application package
Give us an executed copy of the purchase contract
Provide the names of your preferred third party services (Title, Attorney, and Homeowner’s Insurance)
Lock in your interest rate when you are ready
Gather and submit the required identification, income, asset, and other important documentation for review
IDENTIFICATION
1. Copy of government-issued photo ID (front and back)
If you are not a US citizen: Copy of your green card (front and back)
INCOME
1. Most recent consecutive pay stub(s) covering the last 30 days
2. Past two years W-2s and/or 1099s
3. Past two years completed and signed federal tax returns, including all schedules
If you are self-employed: Most recent two years business licenses or a letter from your CPA stating the name of the business and the number of years you have been self-employed
If you receive Social Security, Disability, Pension, Annuity, or Other Income: Award letter and bank statements evidencing receipt of funds
If you receive rental income: Lease agreement(s) and/or Schedule E of your most recent federal tax return
If you are starting or recently started a new job: Offer letter from employer showing terms of employment
If you applicable alimony, child support, and/or separate maintenance: Signed copy of Divorce Decree, Child Support Agreement, and/or Separation Agreement
ASSETS
1. Most recent two months bank statements, all pages included (i.e. 6 of 6)
2. Evidence of the source of any funds used for down payment (ex: 401K, IRA, HUD-1 from sale of property)
3. Statements for any accounts being used for reserve assets (ex: 401K, IRA, other retirement funds)
If gift funds are being given: Signed gift letter from donor and evidence of receipt of funds
If you own other real estate: Current mortgage statements for any property owned, including tax and insurance information
OTHER IMPORTANT INFORMATION
1. An executed copy of the purchase contract
2. Evidence that the Earnest Money and Due Diligence deposits have been paid
If divorced or separated: Signed copy of Divorce Decree and/or Separation Agreement and Signed copy of Child Support Agreement, if applicable
If living rent-free: Signed letter from current residence property owner stating that you live at that residence rent-free
Our Tasks
Send you an application package
Order third party services (Title, Appraisal, Insurance, etc.)
Give you a list of CFPB-approved homeownership counselors in your area
Provide status updates
Your Tasks
Submit additional documentation as requested
Our Tasks
Review appraisal
Finish gathering third party services and documentation
Provide a final decision