- Purchase a home and do not have an accepted contract
if you are planning to purchase a home but do not have an accepted contract with a seller.
- Purchasing a home and have an accepted contract with a seller
if you have accepted a contract to purchase a home.
- Reduce the interest rate, change loan type or term or consolidate the existing loans(s) on my home
if you would like to refinance the existing loan(s) on a property that you currently own.
- Refinance my current balance and take cash out with this loan
if you would like to refinance the loan(s) on a property that you currently own, and take cash out of the loan for a purpose other than repaying a loan on the property
- Second mortgage or equity line on my home
if you would like to obtain a second mortgage or equity line of credit on a property you currently own
Enter your target rate
Please select a loan program from the list. If you are unsure about which loan program you would like, or which loan program would be best for your situation, you may select the option "I need help selecting a loan program
Enter purchase price if only you would like to purchase or purchasing a home
Enter down payment if only you would like to purchase or purchasing a home
Refinance Information Section
1st Mortgage Balance:
*This is the balance of the borrowers existing first mortgage lien as of today. You can guestimate this amount to the nearest $1,000.
1st Mortgage Rate:
*Please provide the existing note rate or the borrowers best estimate. We may use this to help them determine if they could save money with a new first mortgage or second mortgage/equity line.
1st Mortgage Payment:
*Please provide the monthly payment of your existing first mortgage. If your property taxes, home owners insurance or any other amount is included please note the amounts in the comments section available below. This will help us determine how much you may save with the new payments.
2nd Mortgage Balance:
*This is the balance of all other existing mortgage liens on the subject property as of today. Second mortgage liens include fully amortized loans as wells as equity lines of credit. You can estimate this amount to the nearest $1,000.
2nd Mortgage Rate:
Please provide the existing second note rate or your best estimate. We may use this to help you determine if the borrower could save money with a new first mortgage or second mortgage/equity line. If the borrower has several liens on the property please clarify this in the comments section below.
2nd Mortgage Payment:
"Please provide the monthly payment of the borrowers existing second mortgage. If they have several liens on the property please clarify this in the comments section below. If their property taxes, home owners insurance or any other amount is included please note the amounts in the comments section available below. This will help us determine how much the borrower may save with the new payments."
Amount of Non-Mortgage debt to be paid off:
Please enter the amount of non-mortgage debt to be paid off.
Additional Cash Desired:
The amount of any additional cash back that you would like to receive over and above the payoff of all debts previously entered, or the amount of any proceeds needed for home improvement, repairs, etc.
Please let us know if the borrowers existing mortgage has a balloon or prepayment feature and if their current loan a fixed or adjustable? Providing the term remaining on your loan that may help determine the best option for them as well.
Property Information Section
Enter the value of the property.
Income Information Section
Borrower - Number of Years on the Job :
*How many years have you been with your current employer? If you have been with your current employer less than two years please note your other employer(s) in the income notes section listed below.
Borrower - Income Type :
- Hourly = The number of hours worked should be averaged and then multiplied by the current hourly rate. Typically, you will need a 2 year history of this type of employment.
- Commission = Income pertaining to commission will be averaged. For qualification purposes borrowers should be able to prove a two year history and a probable future. If base pay is regular, current base pay will be used in addition to commission average, but must be clearly documented. Must also subtract expenses from income unless you can prove that company reimburses expenses.
- Bonus and Overtime = Bonus income should be calculated by averaging the previous 24 month period. Employer must state that this type of income will continue on the Verification of Employment.
Borrower - Gross Monthly Income:
Borrower - Other Income Type :
Borrower - Other - Gross Monthly Income:
Co-Borrower Number of Years on the Job :
Co-Borrower - Other Income Type :
Co-Borrower - Gross Monthly Income:
Can borrowers verify all income?
Yes = If you can verify your income with paystubs, 2 years W-2s, and 2 years Federal Income Tax returns.No= If you cannot verify your income. We may still have a loan for you although the terms may be different.
Please note if you have had any employment gaps longer than 30 days in the last two years. If you have a second job or other income in the last two years please describe it. Additionally, please comment on any large increases or bonuses during the last two years?
Asset Information Section
Please list the total of all liquid assets including checking, savings, CDs, and mutual funds. Additionally, please list deposits given to the real estate agent or escrow company for purchase transactions.
Real Estate Net Proceeds:
Please provide the amount funds that will be left over from the sale of a property prior to closing the subject transaction. This means the sales price less property liens, commissions, and closing costs. The exact amount can be calculated (Sales Price X 93%)- Existing Mortgage Loans.
Please list the amount of gifts funds which will be used for the subject transaction. A signed gift letter, proof of donors capability, proof of transfer, and proof of receipt will be required.
Stock and Bonds:
Please list the total current value of stocks and bonds owned by the borrower.
Please list the total cash value of all retirement accounts for the borrowers.
Automobile Description #1:
Automobile Value #1:
Automobile Description #2:
Automobile Value #2:
Automobile Description #3:
Automobile Value #3:
Automobile Description #4:
Automobile Value #4:
Credit Information Section
Borrower - Social Security Number:
Co-Borrower - Social Security Number:
Tell us a little about your credit history:
May we access your credit report to help determine your qualifications for a loan?
This is a report that would be used to get credit account information and is not shared with other companies or
individuals without your permission.
Total Monthly Debt
This is the total of all monthly minimum payments for any credit card, consumer, automobile or other debts, that will not be paid off with this loan.
Each applicant specifically acknowledges and agrees that: 1) the loan requested by this pre-qualification will be secured by a first or second mortgage or deed of trust on the property described herein; 2) all statements made in this pre-qualification are made for the purpose of obtaining the loan indicated herein 3) occupancy of the property will be as indicated above 4) verification or reverification of any information contained in the pre-qualification may be made at any time by the Lender, its agents, successors and assignees, either directly or through a credit reporting agency, from any source named in this pre-qualification, and the original copy of this pre-qualification will be retained by the Lender, even if the loan is not approved 5) the Lender, its agents, successors and assignees will rely on the information contained in the pre-qualification and I/we have a continuing obligation to amend and/or supplement the information provided in this pre-qualification if any of the material facts which I/we have represented herein should change prior to closing 6) ownership of the loan may be transferred to successor or assignees of the Lender without notice to me and/or the administration of the loan account may be transferred to an agent, successor or assignees of the Lender prior notice to me 7) the Lender, its agents, successors and assignees make no representations or warranties, express or implied, to the Borrower(s) regarding the property, the condition of the property, or the value of the property. Certification I/We certify that the information provided in this pre-qualification is true and correct as of the date submitted and acknowledge my/our understanding that any intentional or negligent misrepresentation(s) of the information contained in this pre-qualification may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 10001, et seq. a liability for monetary damages to the Lender, its agents, successors and assignees, insurers and any other person who may suffer any loss due to reliance upon any misrepresentation which I/we have made on this pre-qualification.