Process

Income Documentation Source Salaried Pay stubs or earning statements for the most recent 30 day period W2s for the past 2 years These items can

What Factors Effect Interest Rate? 1. Credit Scores Your credit score is one factor that can affect your interest rate. In general, consumers with higher credit

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Primary Residence (owner-occupied) A residence the owner physically occupies and uses as a primary home. Lenders typically have guidelines requiring that the borrower must occupy

Qualifying Ratios Two different ratios are used in most loans: 1. Housing (front ratio) How to calculate: PITI/Gross monthly income = Housing (front) ratio (28%