In order for bonus, overtime, or commission income to be considered, you must have a history of receiving it and it must be likely to continue. We will usually need to obtain copies of W-2 statements for the previous two years and a recent pay stub to verify this type of income. If a major part of your income is commission earnings, we may need to obtain copies of recent tax returns to verify the amount of business-related expenses, if any.

Generally, the income of self-employed borrowers is verified by obtaining copies of personal (and business, if applicable) federal tax returns for the most recent two-year period.

We will review and average the net income from self-employment reported on your tax returns to determine the income which can be used to qualify. We will not be able to consider any income which has not been reported as such on your tax returns. Typically, we will need at least one, and sometimes a full two-year history of self-employment to verify that your self-employment income is stable.

We take full advantage of an automated underwriting system which allows us to request as little information as possible to verify the data you provided during your loan application. The automated underwriting system compares your financial situation with statistical data from millions of other homeowners and uses the comparison to determine the level of verification needed.

Yes, you can borrow funds to use as your down payment, however, any loans that you take out must be secured by an asset that you own. If you own something of value that you could borrow funds against such as a car or another home, it's a perfectly acceptable source of funds. If you are planning on obtaining a loan, make sure to include the details of this loan in the Expenses section of the application.

Whether you're purchasing or refinancing, we're certain you'll find our service amazing.

If you'll be purchasing but haven't found the perfect home yet, complete our application and we'll issue an approval for a mortgage loan now with no obligation.

There is no charge to you for the credit information we will access with your permission to evaluate your application online. You will only be charged for a credit report if you decide to complete the application process after your loan is approved.

An abundance of credit inquiries can sometimes affect your credit scores since it may indicate your use of credit is increasing.

However, the data used to calculate your credit score does not include any mortgage or auto loan credit inquiries made within the 30 days prior to the score being calculated. In addition, all mortgage inquiries made in any 14-day period are always considered one inquiry. You should not limit your mortgage shopping for fear of the effect on your credit score.

A credit score is one of the pieces of information we use to evaluate your application. Financial institutions have been using credit scores to evaluate credit card and other applications for many years, to assist with their loan decisions.

Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we will issue a pre-qualification letter online instantly, subject to you finding the perfect home. You can use this letter to assure real estate brokers and sellers that you are a qualified buyer. Being pre-qualified for a mortgage may give more weight to any offer to purchase that you make.

The maximum percentage of your home's value depends on the purpose of your loan, how you use the property, and the loan type you choose, so the best way to determine what loan amount we can offer is to complete our online application!