A properly documented loan application makes your loan process go smoothly. This checklist will help you gather your paperwork.

If Refinance:

Mortgage statement on home

Homeowners Insurance Declaration Page

Current Pay-Stub

Previous 2 Years W-2 Forms or Tax Returns

If Purchase:

Purchase Contract on home (if already under contract)

Current Pay-Stub

Previous 2 Years W-2 Forms or Tax Returns

When buying a home, you may be pre-qualified or pre-approved. You can be pre-qualified over the phone or on the Internet in a few minutes. Pre-qualification is not as useful as a pre-approval. Pre-approval requires a more rigorous process, including verification of your credit, income, assets and liabilities. It is highly recommended that you be pre-approved before you start looking for a home.

Being pre-approved will:

Inform you of your maximum affordable home value, and save you from previewing properties outside your price range.

Put you in a stronger negotiating position with the seller, because the seller will know your loan is pre-approved.

Help you close quickly, since your loan is pre-approved.

What loan program is best for your situation? We offer many different loan options:

Think about how long you plan to keep the loan. If you plan on staying in your home for a while or if you plan to sell your home in a few years, you still may want to consider a fixed rate loan. These are the safest and most stable loans. Your life plans can change at any time and it is better to not take any chances with an adjustable rate.

Compare different loan programs. With so many programs to choose from, it’s hard to figure out which program is best for you. Consult an experienced loan officer who can help you find a loan program that best fits your short- and long-term plans.

Once your loan application has been received, we will start the loan approval process immediately. This involves verifying your:

Credit history

Employment history

Property value

Based on your specific situation, additional documents or verifications may be required.

To improve your chances of getting a loan approval:

Always feel free to call and speak to a qualified loan officer.

Fill out the loan application completely.

Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.

Do not make any major purchases. Do not buy a car, furniture or another house until your loan is closed.

Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.

Notify your loan officer before applying for any other credit, including credit cards, personal loans or even with another mortgage company. Some loan programs have strict guidelines regarding your credit score. Credit inquiries may lower your credit score and may have an adverse affect on your loan approval.