Getting a mortgage pre-qualification will not only help you shop with confidence; it will also help you understand how much home you can afford. No matter if you are a first-time or repeat homebuyer, take the first step and get prequalified. We will talk with you talk about your goals and dreams for a new home, and then we’ll work together to secure the loan that helps you achieve that goal. Our team is dedicated to assisting you through the entire loan application process, so you can start shopping sooner and close faster.
Any documents that can help verify employment, income and assets will be helpful, including pay stubs from the last two months, W-2 forms for the past two years, Federal tax returns past two years, bank statements for the past two or three months, and information about any other current debt, such as auto loans, student loans, and credit cards.
Your credit score has a big impact on your ability to qualify for a loan. Credit scores are determined by payment history, amounts owed, length of credit history, new credit accounts, and types of credit used. The higher the score, the more likely it is that you can get the loan you need at the best interest rate. We will help you determine what the impact of your credit score might have on a loan application.
When it comes to a down payment, there’s no standard amount that applies to every situation. On the contrary, there are many considerations that could require anywhere from zero down to 20 percent of the purchase price down—or possibly even more. First-time homebuyers often have a different set of down payment options than repeat buyers.