Financing
We understand everyone's financing needs are unique. We are committed to providing you with the specific mortgage program, a competitive interest rate, and the personalized services that best meet your individual needs. As a customer of Steven Dailey, you are able to take advantage of a number of mortgage programs and incentives only offered by various mortgage companies.
The Loan Application: What to expect
This is perhaps the most important part of the mortgage process. During this process your loan officer will ask for information pertaining to your income, assets and liabilities. Once this information has been collected your loan officer will recommend a loan program that best fits your financial needs.
Prior to the loan application you will need to determine the amount of down payment you will be making towards your new home and collect the following documents that should be brought with you when you make loan application:
- Most recent paycheck stubs for each borrower covering the most recent thirty-day period.
- Most recent two years W-2's and/or 1099's for each borrower.
- Two months of the most current and consecutive banks/investment/ retirement statements for all your accounts.
If self-employed you will need to bring in the most recent two years' tax returns and copies of 1040's, W-2's, 1099's and or K-1 for each borrower. You will also need a year-to-date profit and loss statement.
