Ideal Lending West Palm Beach mortgage originators understand that finding the perfect home is something special. You’ve searched far and wide for the home that has everything you need and you finally found it. You want to purchase it but need to get approved for a mortgage. Now what?
When it comes time to get your mortgage loan, there are several steps you must take to do so. It may seem overwhelming at first, but rest assured with the help of Ideal Lending, you’ll be approved in no time.
Once you’ve received your Loan Estimate, and are ready to move forward with Ideal Lending, you will need to provide the following:
Financials
Every person applying for a mortgage will need to provide a valid driver’s license in addition to their most recent bank statement for assets. Depending on how you are employed (salary, self-employed, partner, etc.), you will need to bring additional documents with you.
For the most part, these will include pay stubs for proof of employment, a list of debts, tax returns, and more.
Purchase Documents
You’ve found the home you want and are ready to move forward. When you come to an agreement to buy a home or property, you’re going to need to provide your broker with the purchase agreement in addition to contact information for the real estate agent.
If you are refinancing a property, a copy of your insurance policy and the agent’s contact information will be required.
Required Forms to be Completed
To continue with the application process, you will need to fill out several forms that are required by the lender. These include a Residential Loan Application, Authorization to Obtain Credit and Employment Information, and a Request for Transcript of Tax Return form.
These forms properly inform the lender of what you are purchasing, what you are requesting, and your financial situation.
Additional forms may be required to be completed, however, your qualified loan originator will help you with this.
If you’ve recently found a home or property you want to purchase, applying for a mortgage is the next step in the journey! Ideal Lending, your West Palm Beach Mortgage broker specialists are here to help you every step of the way. From the moment you meet with us and beyond, we will take care of you.
For more information on how you proceed with your application, contact us today!
