Looking to Purchase a Home?
Here are a few tips to help your loan process go quickly and smoothly.
- Make sure your credit is in good shape
- Check your credit score
- Excellent Credit: 750+
- Good Credit: 700-749
- Check your credit score
- Fair Credit: 650-699
- Poor Credit: 600-649
- Try to get your credit card balances below 40% of the limit
- It’s best to have at least 3 open and active accounts listed on your credit report
- If you’re renting, pay by check
- Having documented proof of your last 12 months of payments is often required by the lender
- Obtain proof of employment for the past 2 years
- W2’s and Tax Returns
- Paystubs covering 30 days
- Be prepared to explain any gaps in employment
- Avoid large deposits or withdrawals from your bank account
- Determine a down payment amount based on your available funds
- Obtain a pre-approval letter from a Stonecastle Land & Home Financial mortgage professional
- Research a local real estate agent or ask you mortgage professional for a recommendation
Call us today to get your pre-approval!