I would recommend a mortgage broker because they are researching several lenders to find the best terms and rates that fit your needs. The mortgage broker will tell you what documents you need to provide. You should expect an answer from the broker in 1 to 2 weeks.
Century 21 SSM
Robertsdale, AL 36567
This is indeed the next step to take because without it we can't be certain of your buying power. Lending rules are constantly changing and some are state specific, so it's important to get with a mortgage professional to do this. When you call to set an appointment to meet with someone, you will be told what information they will need you to bring with you. Some might be able to prequalify you over the phone.
It's important to understand the difference between being prequalified and preapproved. When getting prequalified, you're only looking at information you provide, not your credit report. You do not want to give everyone you call the right to pull your credit report because if you have too many doing so it can result in paying a higher interest rate. You only want to authorize pulling your report once you've determined who you think will give you the best deal and service. I always recommend staying as local as possible (local mortgage broker, credit unions, banks that aren't in multiple states) because the bigger they get then more difficult it can be to get great service ... the big boys aren't as hungry for the business.
Once you've been prequalified, I would be honored to help you with your search and through to successful home ownership.
When you decide to purchase a home, the very FIRST step in the process is to get Pre-Qualified. For this, you will need to gather your financial documentation including:
â€¢ Two most recent years of W-2â€™s & Federal Income Tax returns
â€¢ Two most recent pay stubs
â€¢ Two most recent months of bank statements
This will all be reviewed along with your credit report to determine your qualifications. Once your Pre-Qualification request has been competed, you will know more about your purchasing options.
As one of the largest direct lenders in the country, Prospect Mortgage offers one of the largest selections of loan programs available. In addition to the standard conventional, FHA, VA, USDA, and Jumbo, we also offer a wide range on Renovation loan programs. Our Renovation programs include FHA 203(k) (Streamline & Consultant), HomePath Renovation, and HomeStyle Renovation. In addition, we also have an FHA 580-639 FICO program for borrower with previous credit issues.
Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com to get started.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.