In order to evaluate your complete loan scenario, please put together the documentation below as it applies to your personal scenario.
It is a good idea to keep in mind that any new credit purchases, including co-signing for a family member, may impact your ability to qualify for your new home purchase. If you transfer any sums of money, please document where those deposits are coming from. If they are a gift or a loan, we will need documentation to show the source of the funds. Always make a copy of the check, a deposit receipt and inform the donor they will have to provide documentation. The donor will have to provide 2 months statements containing all pages, unaltered to show they had the money to give you and the terms of repayment or gifting. We will have to explain any new large deposits and the source. The details may affect your transaction. Do not hesitate to call me before you act to make sure it will not affect your buying power.
You can fax, email or call me to pick up your documentation. If you have the majority of the documents, please send them along and the rest of the documentation can follow. There is no cost or obligation to get pre-qualified. We will work to maximize your lending power.