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1. Photo ID 2. A month’s worth of paystubs if applicable 3. Two years of federal tax returns and W2s or 1099s 4. Two month’s worth of bank statements or investment accounts.  If you receive quarterly statements, the last quarterly statement is fine.

You and the agent you are working with do not want to spend time looking in the wrong price range.  Or, if you need credit repair, you and the agent wouldn’t want to look at inventory now when you won’t be ready to purchase for another few months.   The first step to a pre-approval…

The first step is to speak to your loan officer.  You’ll want to know the following: 1. Your gross income 2. Your available cash for a down payment 3. Your monthly debts 4. Potential locations and types of properties you are interested in   By providing us with your income/assets/debts, we are able to determine…

An FHA or VA loan will typically require a credit score in the 600s.  A conventional loan will become possible at higher scores – the minimum will depend on other factors like down payment and debt-to-income ratio.  The lowest possible score however is 620. We check credit scores with Experian, Equifax and Experian and use…

A common misconception is that you’ll need a 20% down payment to receive mortgage financing for a home purchase.  You can actually get a loan with as low as 3.5% down, or 0% down if you are a VA eligible veteran.   Specifically for first time buyers, there are actually programs based on the city…