Qualifying Factors:
Residential RATE/TERM OR CASH OUT REFINANCE/Home Equity Loan OR REVERSE LOAN Qualifying
- No collections over $2500
- No Mortgage Lates for 12 months
- No balances due to Property Management companies
- No accounts currently in active dispute status at the time of closing on your home refinance loan
THE NEXT STEPS:
Each adult going on the loan needs to apply to determine the credit & income that can be used collectively to secure a beneficial home loan. If you have a non borrowing spouse in a community property state please provide their first, last name, social security number and date of birth as well as advise how you would like the title to be held.
Gather the following scan & email or fax (888) 449-6725 the following:
-Your last 30 days pay stubs for all W2'd proposed borrowers
-Proof of retirement or SSA Income benefit in the form of your current year award letter
-Last last 2 years W2's 2021/2022 for each borrower that is employed by W2
- Only send me tax returns if you or any borrower claim any Schedule C Income or losses
-Your most current Mortgage Statement
-Your Homeowners Insurance Declaration page
Please log into IRS website to request your 2021/2022 Tax transcripts online:
https://www.irs.gov/individuals/get-transcript
Let me know what questions you have. I am here to help!
Please fax or email your simple verification documents above asap to me for an initial review of all to identify any objectives before applying to the lender that best fits your scenario.
Once received I will work on this and reach out to you to go over findings prior to submitting your loan for an actual underwritten approval. Once you are on board then I can issue your initial loan disclosures to initiate our expedited loan process.