The Mortgage Loan Application Process includes the following:
- Employment Verification
- Typically we need to verify 2-years of Employment
- Income Verification
- Tax Returns & Recent Paystubs will be used to verify Income
- Asset Verification
- Refinance loans typcially require verification of 2 months Reserves
- Purchase Transactions require verification of Down-Payment & Funds for Closing
- Credit Verification
- Credit will be verified from 3 Credit Bureaus
In order to help understand the process of obtaining a mortgage, I am including various links to pages on my web site that will help answer your questions about the process and requirements:
/Apps/Forms/LeadFormViewer.aspx?FormID=32284&GroupID=152266&PageName=AreYouQualified&AWSAccountPageID=69721431&NotificationEmail=