THE HOME LOAN PRE APPROVAL PROCESS
Your pre approval is like having a cashiers check waiting to purchase your next home, all with in 24 hours
The following required documents is just the starting point but not limited to
The following is to be up loaded to your assigned loan prossing team all at the same time
This information is reviewed by underwritering for the financial ability to repay the Loan applying for​​​​​​​
* Complete and sign the 1003
Loan Application / online
(Instructions will come from your assigned loan processing team)
* Last 30 days of Paystubs
(Shows currently employed)
* Last 2 years W2s / If self-empolyed last 2 years of 1040s
(To varify income for monthly payment)
​* Current 2 months of banking statements - Checking and Savings
(To varify funds to close purchase)
Your Closing Costs can be frightening, but there's options
$600,000 purchase example
Cash Down Payment 3.5% FHA program @ $21,000
Cash for purchase closing costs
to include Pre-Paids
(Estimated at 4% - 5%) @ $30.000
TOTALING $ 51,000
"Keep your money in the bank when you use options"
Options for:
Down Payent Assistance Program
Closing Cost Assistance Option
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SETTLEMENT STATEMENT
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Shows purchase price and all the costs to close the purchase along with impound set up
When you are ready to move forward, start a CHAT by
using the ICON located, below on right side of this page.
When texting, include this phrase:
"I'm ready to move forward"
Text : 800.838.0204 or dial extension 601 to reach me
live - Erin Olsen
The team is standing by when your ready to get going