Qualifying

Section One - Factors to Qualify

Discover the key factors to qualifying for a home loan.

 

Section Two - The Initial Meeting - Getting Organized

Information on what to have available for your first discussion with your loan professional.

 

Section Three - Pre-Approval Vs Pre-Qualification

There is a big difference between a pre-approval and a pre-qualification. Learn which is more important to have.

 

Section Four - Low Down Payment Loans

How is it possible to buy a home with less than 20% down?

 

Section Five - Qualifying for a Low Down Payment

Factors to consider to qualify for a low down payment loan.

 

Section Six - Down Payment Options - Credits, Gifts and Loans

Options for obtaining your down payment money.

 

Section Seven - Gifts and Taxes

More information on Gift Funds, including tax ramifications.

 

Section Eight - PMI Alternatives

If you put less than 20% down, you may have PMI. There are alternatives.

 

Section Nine - Stated Income and Low-Doc Programs for Commissioned and Self-Employed Borrowers

Low Doc programs are made for the self employed and others with hard to verify income.

 

Section Ten - Programs for Home Time Homebuyers

There are several programs for first time homebuyers - learn about them here.

 

Section Eleven - What NOT To Do After Applying

There are a few things that if you do them after application, your loan approval may be withdrawn.