Loan Process | FAQ |

Loan Process

We understand how intimidating purchasing a house or refinancing your current home can seem. That's why we split the process into 2 simple steps: Preparation and Application. Click on the steps below for more information and to get the process started.

Collect these documents to speed the application process:

Past 2 years' tax returns & W2's.
Award letters for all retirement, pension, and disability income.
Last 2 months' paycheck stubs and last 2 months' statements for all saving, checking, CD, Money Market accounts, etc.
Copy of sales contract or offer to purchase and all accompanying documents (for purchase transactions).
Monthly payments and balances on all open credit accounts.
Bankruptcy schedules and discharge papers (if applicable).
Divorce Decree (if applicable).
If you are NOT a United States citizen provide a copy of your green card (front & back). If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.

Decide which loan program is best for your situation:

Think about how long you plan to keep the loan.
If you plan to sell your home in a few years, you may want to consider an adjustable-rate or balloon loan. If you plan to keep your home for a longer time, you may want to consider a fixed-rate loan.
Understand the relationship between rates and points.
Points are considered prepaid interest and may be tax deductible. Each point is equal to 1 percent of the loan. For example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower your rate.
Compare different loan programs.
With so many programs to choose from, it's hard to figure out which program is best for you. One of our experienced loan originators can help you find a loan program that best fits your short- and long-term plans.