Getting Ready to Buy Your First Home
Congratulations! Making the decision to buy your first home is exciting - and we understand that sometimes it can be confusing, too.
That’s why we make applying for a home loan fast and stress-free. And with just a little preparation, it can be even faster!
Look over our checklist below and you can see what you'll need to apply for a first-time home loan. If you have any questions, please contact us. We’re here to help!
Your Credit Report
After getting some basic information, like your name, birthdate, income, and social security number, we’ll request a credit report from the credit bureau. Your credit score is important for qualifying for a home loan, so when reviewing it, we’ll also look for ways to raise it.
A higher credit score often means a better interest rate and our goal is to get you the best rate possible. If there are any mistakes or outstanding items on your report, we can offer some advice on how to remove them.
Debts and Other Payments
We'll also need information about your monthly obligations, such as car payments, insurance, and student loans. If you have any court-ordered payments like child support or spousal support, you'll want to prepare a copy of these too.
Proof of Income
To verify your income, we'll need a few documents. First, we'll need your tax returns for the past two years. We'll also need copies of your pay stubs and bank statements from the past three months.
Proof of Down Payment
While our VA Loan Program offers veterans and their spouses a zero down payment option, our FHA Loan Program requires a small down payment of only 3.5%. You can source this money through savings, selling an asset, or even through a gift from a family member.
You can apply online right now, and our expert mortgage bankers will get in touch with you to get you pre-approved and in your dream home!