Financing
Application for a Mortgage:
- Complete application for loan
- Lender processes application
- Appraisal of home, verification of employment and credit report requested
- Booklet received along with the good faith estimate
- Truth in Lending Disclosure Statement issued
- Application evaluated and loan approved
- Closing documents signed and loan funded
- Funds disbursed to closing or settlement agent, seller paid and property is yours
- Documents recorded at county recorder’s office
Documents Needed to Apply for Mortgage:
- W-2 forms for last two years
- Last two months bank statements
- Two recent pay stubs
- Federal tax returns
- Debt information, such as child support, auto loans, installment debt and credit cards
Possible Loan Programs: