The greatest challenge someone faces when purchasing a home is the down payment and closing costs. Watch my video to learn more about down payment assistance. Finally, you've found it: your dream home. You and your family are excited to move in and begin the rest of your lives. But you have an obstacle - the infamous loan process. Luckily, we can make the loan process a more relaxing experience, and we have a plan to make the process go faster and more efficiently.
Whether you are purchasing a new home or an existing home, it is important to first find out which type of loan is best for you and your family. Although this is your first home purchase, we have successfully closed thousands of loans, many for first-time home buyers. We especially enjoy helping first-timers learn the process involved in taking this momentous step.
Lending Edge Mortgage is a Texas-based mortgage banker established in 2002. We are a dba of AmCap, NMLS #129122, located in Houston, Texas. Lending Edge Mortgage has built a reputation for excellence through customer service.
Whether you are purchasing a new home or an existing home, it is important to first find out which type of loan is best for you and your family. Although this is your first home purchase, we have successfully closed thousands of loans, many for first-time home buyers. We especially enjoy helping first-timers learn the process involved in taking this momentous step.
Lending Edge Mortgage is a Texas-based mortgage banker established in 2002. We are a dba of AmCap, NMLS #129122, located in Houston, Texas. Lending Edge Mortgage has built a reputation for excellence through customer service.
Services
Our vision is to have the reputation of being "The Lender of Choice" from all our customers and business clients that we serve.
Our team places great value on relationships.
In these relationships we will be a continuing source of business, new and referral for our partners past, present and future.
Lending Edge Mortgage has access to many types of residential loan programs.
We place and price your loan request with the most competitive mortgage sources, to obtain the lowest rate and fees for your particular loan.
Our team places great value on relationships.
In these relationships we will be a continuing source of business, new and referral for our partners past, present and future.
Lending Edge Mortgage has access to many types of residential loan programs.
We place and price your loan request with the most competitive mortgage sources, to obtain the lowest rate and fees for your particular loan.
Prequalification - We will provide a potential home buyer with a letter of prequalification.
This letter specifies the home loan amount and type of loan the person qualifies for.
This letter gives the buyer credibility when making an offer.
We estimate what price range the buyer can shop for, the estimated monthly payment, and the total amount needed for down payment and closing costs.
We determine this from the buyer's income, assets, debts and credit scores.
Loan Application - We look at your supporting documents, which will include paycheck stubs, W-2s, tax returns, debts and all assets.
This letter specifies the home loan amount and type of loan the person qualifies for.
This letter gives the buyer credibility when making an offer.
We estimate what price range the buyer can shop for, the estimated monthly payment, and the total amount needed for down payment and closing costs.
We determine this from the buyer's income, assets, debts and credit scores.
Loan Application - We look at your supporting documents, which will include paycheck stubs, W-2s, tax returns, debts and all assets.
Cashier's check - Made out to the title company for the amount your loan officer indicates to you from the approved Closing Disclosure.
It is OK to get more than is needed.
The title company will write you a check for the difference.
For all VA loans, please bring the clear termite inspection.
Please also fax or email this report to your processor as soon as the inspection takes place.
It is OK to get more than is needed.
The title company will write you a check for the difference.
For all VA loans, please bring the clear termite inspection.
Please also fax or email this report to your processor as soon as the inspection takes place.
The cash down payment you make is usually 3.5% to 20% of the sales price of the home.
In general, the larger the down payment, the lower the monthly payment.
Also, additional costs such as private mortgage insurance, can be avoided with a 20% down payment.
I can help you determine the situation that benefits you the most.
Important note: Do not forget that you can get a gift for the down payment in most cases from a relative.
However, please talk to me before receiving any gifts or transferring money.
In general, the larger the down payment, the lower the monthly payment.
Also, additional costs such as private mortgage insurance, can be avoided with a 20% down payment.
I can help you determine the situation that benefits you the most.
Important note: Do not forget that you can get a gift for the down payment in most cases from a relative.
However, please talk to me before receiving any gifts or transferring money.
We will use your gross monthly income (before taxes or deductions are taken) for qualification.
If you are receiving child support and would like that included in your income, we will need documentation on this.
If you are on Social Security, we will need the current amount (located in your annual award letter).
If you are receiving a pension, we will need the current amount (annual statement from retirement company).
If you are receiving child support and would like that included in your income, we will need documentation on this.
If you are on Social Security, we will need the current amount (located in your annual award letter).
If you are receiving a pension, we will need the current amount (annual statement from retirement company).
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