What to Expect When Qualifying for a Home Loan in Gilbert Arizona
When searching for a home to purchase, if you are going to finance the purchase, the first step is to speak with a lender to get qualified for a home loan. The qualification for a home loan can be completed over the phone and you can expect the lender to inquire on 3 areas:
- Credit
- Income
- Assets
Lender will need the following for an accurate qualification:
Credit
- Complete names
- SS #
- Date of Birth
- Current address (2 year residence history)
Income
- Approximate gross annual income (hourly, salary or self employed).
- Employment history for the previous 2 years
Assets
- Source of funds for down payment and closing costs. Note: The availability of funds will often determine which is the best loan for you.
The phone conversation will usually last about 15 minutes and to speak with the lender that I work with and trust to provide you accurate information and good service…call, email or text:
