Qualify Mortgage Home Loan
Purchase a Dallas home or condo for sale
Loan Officer will Require following documents:
a) Completed credit application supplied by lender
b) 2 years of continual employment
c) 2 years of tax returns
d) W-2's
e) 2 years of bank statements however most will require past 3 months
f) Recent pay stubs
LOAN OFFICER WILL PROCEED:
a) Review credit scores 620 or above
b) Debt ratio to income
c) Minimum 3.5% or more down payment for a loan based on lender approval
d) Your file will be submitted for approval lender will issue a letter valid for 60 days prior expiration stating amount you are approved purchase
YOU will have expenses purchase a Dallas house these are NOT INCLUDED with your loan:
a) $400 - Inspection approximately
b) $400 - Appraisal approximately
c) $100 - Option money or more based on purchase price of home
d) 1% - Purchase Price Escrow paid execution of sales contract
e) $5,000 - Closing cost approximately up to $500,000 purchase
NOTE: Based on your lender approval closing costs might be approved have seller contribution
STEPS TO TAKE NOW you are qualified purchase a Dallas real estate
a) Once you are approved for a loan contact a Realtor assist with your search
NOTE: Most Realtor's WILL NOT SHOW properties unless you can furnish a valid statement from lender amount you are authorized purchase
b) NO SALES offer can be submitted UNLESS a lender letter is attached
c) Lender letter critical on how a real estate agent can work on behalf of your family behalf locate a Dallas home for sale.
d) Foreclosures - have restrictions your letter may not meet the standards of the Dallas bank foreclosure home for sale.
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Is a Dallas loan officer and a Realtor she is "one stop shop for all your real estate services"
CREDIT ISSUES:
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