Planning to buy a home?
Step #1 = PREQUALIFY
Mortgage prequalification helps to define how much you can afford. We'll help you establish a realistic purchase amount, then provide you with a qualifying letter to let sellers and realtors know you're a serious buyer.
When you receive your prequalification letter, it's good for 60 days. If you're still house hunting after that, you'll need to schedule another appointment and request a new prequalification.
Ready to prequalify?
What do I need?
Prequalifying is as simple as gathering your Proof of Income and Proof of Assets.
Proof of Income
Traditional employment income:
• Two years W2s
• 30 days paystubs
Self-employment or rental property income:
• Two years signed tax returns
• Two years 1099s
Proof of Assets
Two months of financial statements showing:
• Ability to pay:
— Closing costs
— Down payment
• Reserves, including two months of mortgage payments:
A mortgage prequalification is not a loan agreement and is not a commitment to lend; it is an estimate of how much you can afford based on your provided information. All applicants are subject to verification of income, assets, and creditworthiness. Proof of income must be current – most recent two-year history and/or 30 days of paystubs. Proof of assets require two-month financial statement history.
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