• Search for your dream home

    Our tools can help you find the house you've been looking for and our team will help with lending options.

    Find a Home
  • A fresh approach to residential mortgage lending.

    We utilize only the most recent technology and best possible practices to ensure your time working with us is as efficient as possible.

    Get Started
  • Getting your mortgage loan just got easier

    We do all the work so you don't have to.

    Contact Us
  • Your perfect home is only a few clicks away

    Secure the home loan you need now. Use our convenient online loan application.

    Apply Now

5 things you need to get pre-approved

Posted on August 21, 2014 by Ray Williams (NMLS #216267).

In 13 years, I have done business a certain way. As a result our closing ratio once we issue a pre-approval letter is over 99.75%, so I continue to do business a certain way. The reason is, if you work with us and you write a contract to buy a house, you want to close. I recently had a client decide to go another direction. The reason was; the other mortgage lender asked for “less upfront”. I’ll put 99.75% up against anyone in Denver, and you’ll close when you work with us. You won’t get a call a week before closing with the excuse “The underwriter…..” Sorry, that should be phrased “Your loan officer….” My clients are ok if it takes a few extra steps to get pre-approved knowing our track record.

So what you need to get pre-approved for your mortgage. Anything your lender asks. But seriously you will need to be organized. Here is the short list; then anything your  lender asks after they review the following: 

  1. 2 Years W2s (All jobs)
  2. 2 Years Federal Tax Returns (All schedules, statements)
  3. 2 most recent pay-stubs (Covering 1 full month earnings, so in some cases that is 1 or 4 checks)
  4. 2 months bank statements (All pages)
  5. Valid ID

** From there, if you have rentals, are self-employed, will be getting gift funds for down payments, had a bankruptcy, foreclosure, short sale, support/alimony orders; then anything your lender asks for in follow up.

Be prepared and make sure your lender asks plenty of questions so they can help you carve out a successful strategy for your home buying process.

Chew on this!

@MtgMaestro

Leave a Reply

Your email address will not be published. Required fields are marked *