HUD Articles

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