How to Buy a Home?
get familiarized with The Loan Process
There are 5 steps to the Loan Process
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How to Buy a home Step 1-Pre-Qualification
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How to Buy a home Step2 Pre-Approval |
| How to Buy a home Step 3 Processing |
How to Buy a home Step 4-Underwriting
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How to Buy a home Stepe 5 Closing Celebration
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Download the Home Buyer Guide now and get familiarized with what To Do, and what Not To Do.
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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 onesD. 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
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