You’ve found the greatest little
house in the world. You’ve called the real estate office and made and offer on
the house. You hope your financials will be okay, but you’re just not sure.
What can you do to make sure that your next call is to the moving company?
When the mortgage company asks for
information, they just want to be sure that you will be able to easily make
those monthly payments. Your W-2s, bank statements, and cancelled checks all
paint a picture of your reliability. Almost everyone has a few NSF checks among
the records.
You’re not the only that has made a
few late payments. That alone will not affect your ability to purchase a new
home, but your lender may ask you for more information. It’s necessary and
helps get you that pre-qualification that makes shopping for a home that much
more enjoyable and ensure the Realtor that they have a good prospect who is
ready and able to buy.
Mortgage lenders want your business.
They will work with you to be sure that you are comfortable with the terms of
the loan and that they can be certain you will be able to make those payments
on time without over extending yourself or your family.
What
if I’m Pre-Approved?
Even if you have been pre-approved
for the loan, you may still be asked to provide further information in the form
of tax returns or paycheck stubs. Don’t worry. It isn’t personal.
If you are a first-time buyer, you
lack a track record for payments other than rentals. Your rental receipts may
show that you are paying regularly on time. Be sure you keep them to prove your
responsibility. In the current economy, your mortgage lender is looking out for
you as well as for bank. Indigo Mortgage has many different programs to help
get you into a home of your own and we want to make sure we put you in the
right program for your situation.
What
Does Indigo Ask to See?
Indigo Mortgage has a quick list of
the documents that we ask for. Go to the Indigo Mortgage web site and click on
the link where it says list of documents. You can print a copy for your own use
to help you put together your document package.
Having the documents ready will save
you time when you come in to talk to our loan specialists. Before you know it,
you will be ready to go on that house you have already become attached to and
may have started picking out paint colors.
What
if I’m a Veteran?
If you are a veteran who is looking
for a VA loan, there is a special list for you on the Indigo Mortgage web site.
You may need to produce some additional documents so be sure to check the list.
Let’s
Get Started!
From Conventional and FHA loans, we
have a program that will help you turn that dream home into a reality. And,
because everything we do as a faith-based mortgage company is built on a solid
foundation of moral principles and integrity, you can be rest assured that no
one cares more about your mortgage loan than we do!
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