Do's by most lenders for getting a home mortgage
October 14, 2018
Do's by most lenders for getting a home mortgage:
- Plan to have all W2s to balance with total income on taxes, regardless if used for qualified income.
- Discuss with your loan officer any changes in financial position, purchases, accounts, increasing balances, etc.
- Enjoy your vacation after all documents are complete 100% Make me aware of the dates of your vacation so we can schedule your vacation accordingly. Make sure to be in town when you want to close!
- Plan to respond quickly … quickly … to requests from your loan officer. Days in the front of the process cannot be reclaimed at the end!
- Student debt – Defer payments beyond 12 months from projected closing date
- Please have documentation of all down payment/gift funds
- THDA must not have previous home ownership for 3 years
- Maintain 2 months PITI in reserves
- Please maintain all payments on credit
- 24 hour turn time for any requested conditions issued by the loan officer