How to apply for a loan?
On the main page of the site, there is a block "Find a mortgage loan originator". Select the state in which you are buying a house and the branch with which you want to work. Click on the "Search" button. In the window that appears, select the loan servicer you want to work with and click on the "Get started" button. Read and agree to the user agreement.
Fill in your email address and come up with a password for your account. Next, click on the "Create account" button. Select the purpose of receiving funding, fill in personal information, such as your name, phone number, marital status, and home address. Fill in your account details. You need to enter information about your source of income. Next, answer a few questions that relate to your credit history and bankruptcy history. Enter information about your current home, such as whether you rent it. If you rent, enter the rental amount. Confirm that the data you entered is correct. Click on the "Submit" button.
Requirements
The minimum credit point for conventional loans is 680 and for FHA loans 580. The maximum debt-to-income ratio for an FHA loan should be 50%, and for a conventional loan, 43%.
For a jumbo loan, your credit score should be even higher, and you should have at least six months' worth of mortgage payments in savings.
Some loans with a small down payment require payment of homeowners' insurance.
Application details
You can submit a pre-qualification application, but to receive funds, you will need to contact a branch of the company.
To complete the prequalification application, you need to download some additional documents. You need to upload your bank statements for the last 60 days, your government-issued ID, your W-2s, and paystubs. You will also need to sign the Borrower's Certification and Authorization.
