Loan Prequalification
The following are the most likely questions you will be asked when you pre qualify for a loan.
1. What is the Loan Purpose? Primary home, second home, investment property etc.
2. What type of loan would you like? Adjustable rate mortgages, fixed rate, no documentation, etc.
3. What type of property would you like to purchase?
4. Will there be a co-borrower?
5. What is the desired loan amount?
6. How much money do you currently owe?
7. Personal Contact Info, Name, Phone, Address, Phone Numbers, Email, Social Security Number.
8. Gross Yearly Income
9. Gross Monthly Expenses
10. Employer Information 11. How much money are you willing to put on a down payment?
The following information may be needed to actually process your loan application, so be prepared! There are some loans that do not require this much information, and all lenders can differ in the information that they require.
1. 2 years worth or W-2’s and your current 30 day pay stub.
2. Contract for Sale and Purchase and a legal description of the property.
3. Latest 3 months bank statements from all bank accounts.
4. A list of all current monthly obligations including credit cards, account numbers, monthly payments and balances owed.
5. Mortgage information on other property owned.
6. Copy of your Driver License or other approved photo ID.
7. A satisfactory check of your credit report and an approved home appraisal.
8. If you are self employed, you will need your last 2 years tax returns with schedules, year to date profit and loss statements and balance sheets.
We do prequalifications for our clients on a daily basis. Just give us a call and we can do it over the phone at (941) 740-8000. If you prefer, you can fill in the contact form below and we will be in contact with you usually the same day.
Contact Us!PROGRAM Realty takes your privacy very seriously. We will never share your information with anyone for any reason.
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Loan Prequalification
