How to Buy a Home?
get familiarized with The Loan Process
There are 5 steps to the Loan Process
How to Buy a home Step 1-Pre-Qualification
|How to Buy a home Step2 Pre-Approval
|How to Buy a home Step 3 Processing
How to Buy a home Step 4-Underwriting
How to Buy a home Stepe 5 Closing Celebration
|Download the Home Buyer Guide now and get familiarized with what To Do, and what Not To Do.
Documents required vary from loan to loan, but generally the following are required on all loans to start your Pre-Approval process. We look forward to helping you buy and finance your new home like we did hundreds of clients. See our Testimonials here.
- Documents needed for a New Nome Mortgage
the 2-2-2-2A. 2 years W2’sB. 2 years 1040 Tax returns ALL PAGES and schedules
Self employed include 2 years 1120 Business Return with ALL SCHEDULESC. 2 pay stubs, most recent ones. 2 months’ statements for Liquid Assets: ALL PAGES
Checking, Savings, Stocks, Bonds, Annuities, IRA’s, 401K, etc
- Employment history and current information for the last 2 years
- Personal identification, including Green Card if applicable
- Purchase contract
- Other pertinent items such as: Bankruptcy Discharge Notice or Divorce Decree
- Completed loan application
See below a chart for: Loan Limits, Loan amounts, Debt to Income Ratios, and Credit Scores
Looking forward to be working with you
Racheli Mortgage Lending 954-800-0330 NMLS 64918