THE PATH TOHOME FINANCING

GETTING STARTEDNot just a motto, it is a promise. To help us keep our word, get

these documents to your Loan Officer as soon as possible.

• Photo IDs

• Pay Stubs -from the last 30 days of all jobs

• Most Recent 2 yrs. W-2s -from each wage-earner applicant

• Most Recent 2 yrs. 1040s

Personal Federal Income Tax Returns -with all schedules, statements, & addenda completed & signed

• Bank Statements -most current and showing two-month history - ALL PAGES

• Brokerage Statements -most current and showing two-month history - ALL PAGES

• Retirement Statements -most current and showing two-month history - ALL PAGES

• Purchase Contract

• Signed consent forms -provided by your Loan Officer

• Additional documentation may be required

1. APPLICATIONTo get the process started, the first step is completing the loan

application and providing the documentation listed under our

application checklist. Once obtained, the loan officer will

analyze the application, your credit report, income, and assets

to determine the best mortgage product for your needs.

1. APPLICATIONOnce the mortgage product has been determined, your loan

officer will provide you with all of the disclosures that are

required, inclusive of a Good Faith Estimate and Truth-in-

Lending,

among others. Additionally, any required documentation not

provided at the time of the loan application will be requested

again to prevent any delays in the process.

AFTER THE APPLICATIONOnce your application has been submitted, keep these things in mind to prevent any delays.

WHAT TO DO• Keep all accounts current

• Let your Lender know about changes to your contract or loan

• Find a Homeowner’s insurance provider as soon as possible

AFTER THE APPLICATIONOnce your application has been submitted, keep these things in mind to prevent any delays.

WHAT NOT TO DO• Change banks or transfer money -Loan Officer can assist with this, if needed.

• Co-sign on any loans

• Inquire with other lenders because this will drop your credit score

• Put any financial documents out of reach in case your Loan Officer needs them

• Apply for new credit of any kind

• Make large or financed purchases

• Close credit accounts or pay off any collections

• Change jobs before closing

• Move before the closing

2. PROCESSINGUpon receipt of the requested documents and the disclosures,

the loan is moved forward in the process to the individual

processor. The Processor will prepare the loan for presentation

to the Underwriter for Loan Approval. As part of the preparation

the Processor will validate all calculations and documentation,

as well as order the appraisal and title work for the property.

3. UNDERWRITINGThe Underwriter reviews and validates all of the loan

documentation. After the review, the loan is issued a Conditional

Loan Approval. It is common for the Underwriter to need additional

documentation from the borrower, known as an Underwriting

Condition. Upon satisfactory review of the Underwriting

Conditions, the loan is issued a CTC or “Clear to Close”.

4. CLOSINGAt this point in the process your loan is Clear to Close prompting

the lender to prepare and send your closing documents to the

closing attorney or title company. This is the office where you will

execute your closing documents at an agreed upon time between

yourself, the builder, and the Title Company. Upon completing the

execution of your closing documents, the lender will fund your

mortgage transaction completing the process of what started as a

dream and now is a reality.

4. CLOSING

YOU ARE NOW A PROUD,NEW HOMEOWNER!

CONTACT ME TODAY

Cory Jeffries Loan Officer | NMLS# 334969

843-424-9989cjeffries@lincloan.comwww.FloridaResidentialLoans.com

Thank You!