Home Buying Information

Whether you are buying or refinancing, early consultation will put you in the best position to make a sound decision with one of the biggest financial decisions of your life. I can help you choose the best mortgage to meet your short and long term goals!

Get Pre-Approved not Pre-Qualified
Complete an application and have your income and bank documents bank approved. Especially self-employment, commissioned positions, multiple borrowers, large bonuses, gift funds, and foreign nationals.

How Much Money Will I Need?

Many programs are available 0% to 5% down! These programs have varying requirements with respect to money reserves and your credit score.


Credit Reports

The 3 credit bureaus are Equifax, TransUnion and Experian. A tri-merge report (all 3 bureaus) will be needed to review your credit history. A computer assigns points for information contained in a report and the scores can range from 300 to 900. Early evalutaion is important in the event erroneaous information is being reported about you. Get a free report annually at www.freecreditreport.com

Documentation

Completed Residential Loan Application, last 2 years of W-2's and most current one month of pay stubs (if self-employed, last 2 years tax returns and YTD profit loss), 2 months of bank statements, including retirement accounts/401k.

Buying a Loft or in a New Development?

With increasing demand for housing in urban cities, commercial structures have been converted into residential housing or live-work living space. These commercial structures – once being factories, mills, and warehouses – are often in industrial or commercial zoning. What was once considered unusable property has now become a sought-after niche market. Though a loft may have a Home Owners Association similar to a condominium, it may be considered non-traditional by most lenders and credit unions. Many Lenders may not allow some parameters, such as Zoning, Occupancy (Work-Live), New Construction, and High Rise Buildings. .

REFINANCE

Better rate, cash out refinancing or need an equity line?
Equity Repositioning