FINANCING REAL ESTATE
Need Financing for your home ?
You might contact and get pre-approved with the very personal approach of Dorothy Hughes, a professional and conscious expert in lending.
Government employees, firefighters, police officers, teachers and healthcare professionals, you still might get 100% financing. Ask for details
SunTrust Mortgage - Linda Griffin - 954-328-5474 Fax : 954-765-7745
Wells Fargo Home Loans - Dorothy Hughes ( Habla Español ) - (954) 319-6173
Home Services Lending - Elizabeth Lindgren ( Habla Español ) - (954) 659-1058
Home Services Lending - Ariel Segall - (954) 949-0603
Other Calculators
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Very Important !! |
If you will need financing for your house, then, it is very important that you get a letter of Pre-Approval from a Mortgage company. This will facilitate the showings and the acceptance of an offer. Just make a call to your mortgage company and ask for that pre-approval letter.
Ask to the mortgage company to inform you the conditions of the loan ; interest rate, points, fees, APR, etc. and to inform you about the list of documents they will ask you, if you decide to make the Loan application with them. This will help you to evaluate if you can meet the requirements of such company.
Please review this list of MAIN documentation that most lenders will ask when processing a conventional loan:
W-2 forms for previous 2 years or Federal tax returns ( 1040s) for the past 2 years
Pay stubs for previous 30 days
Bank statements for previous 60 days
Bankruptcy discharge
Divorce paperwork
Debt Records, names and account numbers for : Student loans, bank loans, child support, credit cards, car.
Asset records: 401K, IRA's, stocks, annuities
If Self-employed: Previous 2 years tax returns & profit/loss statement/balance sheet
If retired: previous 2 years tax returns, verification of funds, Social Security or retirement letters
If retired : Pension or Social security awards
If re-financing: homeowners insurance policy & property tax statement
Loan Check List
Asset Items
•
Bank statements for previous two months on all accounts
(all pages)
• Statements for two months on all stocks, mutual funds,
bonds, etc…
• Copy of latest 401K statement (or other retirement assets
because they can count as reserves)
• Copy of HUD1 Settlement Statement on recent sales of homes
• Copy of Estimated HUD1 Settlement Statement if a previous
home is for sale, but not yet closed
• Gift letter (if some of the funds come as a gift from a family member)
Note: many get their statements of various kinds over the
internet and these are not always acceptable to lenders, especially when the
printed version does not contain the borrower's name, account number, and the
name of the institution. Please provide original mailed statements when
possible.
Credit Items
• Landlord’s name, address, and phone number (if you rent - for
verification of rental)
• Copies of twelve months cancelled rent checks (front and back)
• Copy of bankruptcy papers-all schedules (if you have filed
bankruptcy within the last seven years)
• Copy of Consumer Credit Counseling plan (listing debts included in plan)
Other
• Copy of purchase agreement (if you have already made an offer)
• To document receipt of child support (if you desire to show it
as income)
• Copy of Divorce Settlement (to show the amount)
• Copies of twelve months canceled checks to document actual
receipt of funds
• Copy of Social Security Card (or other documentation with
social security number)
• Copy of Driver’s license
• Copy of Homeowners Insurance Declaration Page
Thanks for visiting us !!!
Theresa Canizales (954) 559-3675
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2000 NW 150 Avenue, Suite 2000
Pembroke Pines, Florida 33028
Phone: 954-559-3675
Fax : 954-237-7095
Email: tere@housesinbroward.com
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