2 - Get Financing...

Get Pre-Qualified

            Purchasers should understand the importance of getting Pre-Approved prior to looking at properties.  A mortgage, tri-merge credit report is different than the online, single-entity credit reports.  Pre-Qualifying will allow the purchasers to make any necessary corrections to their credit, to understand their debt to income ratios, to identify any qualifying, grant fund programs, and to determine their monthly payment comfort zone.  Being Pre-Approved will also give you a stronger, negotiating advantage when making your offer on your dream property.

Mortgage lenders are numerous as well as the loan products that they offer.  It is important to utilize a loan officer that you believe will serve your best interests and be readily available.  I will gladly work with whomever you are comfortable will serve you best. 

I have worked closely for many years with several lenders.  Please note that not all lenders offer the same loan products, so it is important to work with a lender that will offer you the best selection and a property loan specific to your needs and circumstances.  My clients have had great success with the following: 

Danny Murphy with C&F Mortgage Corporation offers variety of loan products have worked well for most of my clients – from the 100% First-Time Homeowner loans to Conventional loan programs.   Danny Murphy has both taken the time to personally meet with my clients to help them understand the Home Loan Process and make their transactions smooth and successful.  Their contact information is:

Danny Murphy, Vice President, NMLS# 313949
            C & F Mortgage Corporation
            10800 Midlothian Turnpike, Suite 206, Richmond, VA 23235
            Office: (804) 897-9120 ext. 304  Fax: (804) 419-8160
            Cell: (804) 651-4939
            Email: dmurphy@cfmortgagecorp.com
                         Contact Danny Murphy

 

Kelvin Oliver with Kore Mortgage LLC is an experienced loan officer driven by a genuine desire to assist individuals in securing the financial support they require. I firmly believe that each client is deserving of a tailor-made loan solution aligned with their aspirations and financial resources. Whether it's a mortgage for a purchase or a refinance, I'm dedicated to streamlining the lending process, making it hassle-free.  His contact information is:

Kelvin Oliver, NMLS@ 1066317
            Kore Mortgage LLC
            1266 Alverser Plaza, Midlothian, VA 23113
            Office: (804) 542-2017  Fax:  (323) 576-5644
            Cell: (804) 564-5644
            Email:  Koliver@koremortgage.com
                         Contact Kelvin Oliver

 

 

Usual Lender Required Documents

  • Past two (2) years of tax returns with all schedules and W-2'statements
  • Pay Stubs covering the last (30) thirty days
  • Three most recent monthly bank statements
  • Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
  • Photocopies of any stocks or certificates of deposits
  • Copy of the purchase and sale agreement
  • If you are currently renting…either 12 months canceled rent checks or the name and address of your current landlord.
  • If divorced...a fully executed divorce decree
  • For a refinance...a copy of the deed, and most recent tax bill
  • A letter of explanation for any known credit problems
  • Photo ID

For self-employed borrowers, employed in sales, paid by commission, or owns rental real estate:

  • Two (2) years signed personal tax returns - including all schedules
  • If self-employed through a corporation, last two years’ corporate returns as well as a year-to-date profit and loss statement and balance sheet

Different programs require varying amounts of documentation. The loan program you select may require more or less documentation.

 

Other Resources in Understanding Buying Process

1 - Understanding the Home Buying Process
3 - Don't Do It!
4 - Must Do!
5 - When Will You Spend Money?
6 - Let's Get You Moving Checklist to Your New Home

Property Search

Download Our App

Text Sent
Download Millions Mapped

Areas We Cover

Show More...