What to Expect When Qualifying for a Home Loan in Maricopa Arizona

When searching for a home to purchase in Maricopa Arizona and you plan to finance the purchase, the first step is to speak with a lender to get qualified for a home loan. The qualification process for a home loan can be completed over the phone and you can expect the lender to inquire on 3 areas:

  • Income
  • Assets
  • Credit

For an accurate qualification, the Lender will need the following:

Credit

  • Social Security Number
  • Current address (2 year history)
  • Date of Birth

Income

  • History of employment for the previous 2 years
  • Gross annual income (salary, hourly or self employed).

Assets

  • Source of funds for down payment and/ or closing costs.

The discussion will usually last about 15 – 20 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:

 

 

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