US Residents and Resident Aliens (Mortgage Financing)

Be prepared with the following documentation:

Personal data – Full name, address, and Social Security number.

Income – The amount and source(s) of income for all borrowers.

- Most recent checking and savings bank statements Two years of tax returns

- Employment letter verifying your start date, annual salary including bonus

- If self employed - letter from your CPA or attorney verifying your salary and net worth

Assets – Information on all assets such as checking and savings accounts, stocks and bonds, retirement plans, and other real estate owned.

- List of other liquid or non-liquid assets Most recent asset portfolio statements (if applicable)

- Most recent 401K or retirement fund statements (if applicable)

Debts and obligations – Information on all outstanding debts and any other financial obligations.

Credit references – Information concerning loans or debts that have been paid, plus any other references to good credit use.

Reserves

- 6 months of mortgage payment for loans <$650k Mortgage Loan Programs

30 Years Fixed 3/1, 5/1, 7/1, 10/1 ARM 25% - 35% down payment required

Still have questions?
If you still have questions about the process of application please contact us and we will refer you to a recommended mortgage lender of your choice.

Ready to begin your search? Contact Us