Our Qualification process involve an in depth examination of your credit history and financial situation. We will collect and examine your W-2's, tax returns, pay stubs, credit report, and your bank and other asset statements.
The application is usually taken over the phone and this is when the Mortgage Loan Officer also known as a Mortgage Specialist examines your information and where you discuss what you are looking for in a loan then the Mortgage Loan Officer will go over your options with you, including down payment, types of loans you are eligible for as well as the rate and term. It is at this time when we determine the best loan product you are eligible for that best suits your mortgage needs.
The following is a list of documents you should collect and have ready to send to your Mortgage Loan Officer
These are very simplified guidelines of what a typical mortgage underwriter will consider when evaluating your mortgage application for a conventional (Fannie Mae) loan.