How to Qualify For a Home Loan

Our goal is to help you purchase a new home. Our team will help you to qualify for a home loan and clear the hurdles to get into your home. We will...

You will most likely qualify for a home loan if you have a good credit score and a history of good income for the last 2 years.  Usually, when you make an offer to purchase a property, you will need a prequalification letter from a lender.  We will quickly generate a prequalification letter for you, usually in a matter of minutes, over the phone.  Once your offer is accepted, you will need to submit your financials to underwriting and go through a formal approval process to lock rates and terms for your mortgage.

Mortgage rates are at an all time low compared to recent decades, so now is a great time to shop for a loan.  Ideally, your income needs to be documented and you will need 2 years of tax returns and 6 months of bank statements.  Our clients do not always have stable and steady income, and you may qualify even if you cannot show W2 income or a steady record of consistent deposits.  Your credit score should be over 700 to qualify for the best mortgage rates, but our clients do not always have great credit, and we can find options for you even if your credit is not great.

We make it our highest priority to find the lowest interest rates available with low monthly payments.  Our goal is to help you find the best rates and the best terms to keep your payments as low as possible and to help you build equity instead of throwing money away on rent. Our team will show you how to qualify for a home loan and help you to find the best home mortgage for you based on your needs and goals.  We make qualifying for a mortgage as quick and painless as possible so that you can buy the place you want now; while the rates are low and the great deals are still out there

You Qualify for a Home Loan, but for How Much?

Let’s assume you qualify, how much will you qualify for? To qualify for a home loan the simple rule of thumb is to budget spending about 30% of your monthly income towards your mortgage.  Our team will use a home mortgage calculator that factors in current rates available to let you know how much you can borrow based on your income and credit score. When you call to talk to one of our advisors, we will let you know what you can afford to purchase depending on the location and size of home you are looking for and the amenities you want such as the number of Bedrooms, Bath, Kitchen, pools, guest houses, tennis courts, helicopter pad, etc.

Whether you are looking for a long term investment, or a starter home, you should call to discuss your goals and find out what your options are. We will summarize your Qualifications before you start filling out paperwork, and make sure that you are able to afford the Mortgage amount that you will need to buy the home you want.

Take the First Step Towards Owning a New Home

Our goal is to help you purchase a new home.  Our team will help you to qualify for a home loan and clear the hurdles to get into your home.  We will quickly Pre Qualify you for your loan with a simple phone call, and let you know, right away, what to expect in terms of time and paperwork.  Our mortgage broker takes the time to get to know what you want and what you need.  We are so much more than a home loan company, we are a team of trusted advisors that will help you at every step along the way.  We want to see you in your home, living the dream, building equity and building your future.  Call us today to get started and take the first step towards owning a new home.

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