Quick Overview
Once you’ve made the decision to become a homeowner, the process might seem daunting, if you are not educated or prepared beforehand. However, Yancey Outreach Loan Originators are professionally trained and will guide you through it.
To make things easier, you should gather the necessary documents.
1. Two years of employment history, current employment status and salary are needed. Employment letters can be used to explain gaps in employment.
2. Two years of W-2s (this does not apply if self-employed) and tax returns allow the lender to be sure that your salary is high enough to make the mortgage payments every month.
3. Most recent pay stubs for the last 30 days tell the lender that you’re still earning money according to the amount on your tax returns. (This does not apply if self-employed, but the lender will likely require a profit and loss statement.)
4. You then should gather your List of assets, including bank statements.
5. You then will present your documents to your assigned Yancey Outreach loan originators and complete a loan application. Once your loan application is submitted, you should receive your pre-qualification or pre-approval letter for the loan amount you qualify for according to the income information you provided in as little as 24 hours. You are now ready to meet with Realtor and look for your home.
NOTE:
Possible out of pocket fee: Credit report during application process.
After locating property: Home Appraisal fee , Home Inspection fee.
100% OF ALL FEE'S TO YANCEY OUTREACH REAL ESTATE OR YANCEY OUTREACH LOAN ORIGINATOR ARE A DONATION DIRECTLY TO YANCEY OUTREACH INTERNATIONAL, INC. TO SUPPORT ALL OF THE COMMUNITY SERVICES AT NO CHARGE TO THE COMMUNITY.
BY USING YANCEY OUTREACH REAL ESTATE AND LOAN ORIGINATORS, YOU ARE HELPING PROVIDE CLOTHING, FOOD, BUS TICKETS COUNSELING AND OTHER SERVICES TO THE COMMUNITY. WHILE BECOMING A HOME BUYER, REFINANCING OR SELLING YOUR HOME.
Copyright © 2024 Yancey Outreach International, Inc. - All Rights Reserved.
Founders Mark & Stephanie Yancey
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