The Pre-Approval and Closing Process
Mortgage Pre-Approval
Getting pre-approved for a mortgage involves a detailed review of your financial information and credit history by a lender. This determines the maximum loan amount you are eligible for and strengthens your position as a buyer in a competitive market.
Proof Of Income
Pay stubs, W-2 forms, tax returns for self-employed individuals
Asset Documentation
Bank and investment account statements
Employment Verification
From your employer, current job status, and income
Identification
Driver's license & Social Security Number
Down Payment Documentation
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Closing costs are fees associated with finalizing your mortgage and transferring property ownership. They typically range from 2% to 5% of the total loan amount and are paid on closing day.
Appraisal Fee
Assesses the home's value
Origination Fee
Covers the lender's processing and underwriting costs.
Title Insurance and Search Fees
Prepaid Expenses
Shop Around
Improve Your Credit Score
Consider A Shorter Loan Term
Lock In Your Rate
Get Pre-Approved Today
Take the first step toward homeownership. Get pre-approved and know exactly what you can afford.
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