1. If you are salaried: you should be able to provide W-2's for the past two years and one month of pay stubs OR if you are self-employed: provide two years tax returns and a Year To Date profit and loss statement.
2. If you own rental property, please provide rental agreements and two years tax returns.
3. If you wish to speed up the approval process, you may need to provide three months bank statements for each bank, stock and mutual fund account.
4. Provide recent copies of any stock brokerage or IRA/401K accounts that you may have.
5. If you are requesting a cash out refinance please provide a letter explaining what you plan to do with the proceeds.
6. If applicable, Provide a copy of divorce decree.
7. If you are NOT a US citizen, provide us with a copy of your green card (front & back), or if you are NOT a permanent resident provide us with your H-1 or L-1 visa.

1. If you are salaried: provide W-2's for the past two years and one month of paystubs OR if you are self-employed: provide two years tax returns and a YTD profit and loss statement.
2. If you own rental property, please provide rental agreements and two years tax returns.
3. Please provide a copy of the note on your first mortgage. This will normally be found in your closing loan documents.
4. Please provide a signed letter explaining what you plan to do with the proceeds.
5. Provide a copy of divorce decree if applicable.
6. If you are NOT a US citizen, provide us with a copy of your green card (front & back), or if you are NOT a permanent resident provide us with your H-1 or L-1 visa.

When buying a house, you may get pre-qualified or pre-approved. Pre-qualification determines whether you have the financial resources to match the size of loan you are requesting. Information is often not verified at this step. It is a preliminary step to screen your viability as a loan applicant. You can typically get pre-qualified over the phone or on the Internet in a few minutes. . A pre-qualification is not as beneficial as a pre-approval, which is the next step. It requires much more detail. You will need to verify your income, assets and liablilites, and credit, A lender will then determine whether you meet its underwriting guidelines. A pre-approval signifies that a lender will make you a loan for the amount that you are pre-approved. It is highly recommended that you get pre-approved before you start looking for a house. Advantages of being pre-approved include:

1. Legitimizes you as a serious buyer.
2. Uncovers any potential "hidden suprises" that might be lurking in your credit report before you go through the sales process.
3. Finds out the maximum house you can buy, so you don't waste time looking for properties you can not afford.
4. Puts you in a stronger position when you are negotiating with the seller, because the seller knows that your loan is already approved.
5. Helps you close quickly, since your loan is already approved.

To shop for a loan you will need to:

1. Think about how long you plan to keep the loan. If you plan to sell the house in a few years you may want to consider an adjustable or balloon loan. On the other hand, if you plan to keep the house for a longer time, you may want to look at fixed loans. Click here to look at which loan might be right for you.
2. Understand the relationship between rates and points. Points are considered to be prepaid interest and are tax deductible. Each point is equal to one percent of the loan. So for example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower the rate you will get.
3. Compare different programs. Shopping for a loan can be difficult. With so many programs to choose from, each of which has different rates, points and fees, it's hard to figure out which program is best for you. That's where an experienced loan officer can help you make a decision that's best for you.

1. Credit history
2. Employment history
3. Assets including your bank accounts, stocks, mutual fund and retirement accounts
4. Property value

• Fill out the loan application completely.
• Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
• Do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.
• Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.
• Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf.

• Bring a cashiers check for your down payment and closing costs if required. Personal checks are normally not accepted.
• Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
• Sign the loan documents.
• Your loan will normally close shortly after you have signed the loan documents. Please note: refinance and home equity loan transactions federal law requires that you have 3 days to review the documents before your loan transaction can close.