Kentucky Home Buying Guide for Mortgages in Kentucky

Kentucky Home Buying Guide for Mortgages

An Overview Of The Loan Process for a Kentucky home Buyer or Kentucky homeowner

 If you are buying or refinancing a Kentucky  home, you will need the following documents..

. ❑ If you are salaried – two years W-2 and one month of paystubs

. ❑ If you are self-employed -two years tax returns and a YTD profit and loss statement.

 ❑ To keep the loan process on schedule, it would be helpful to provide three months bank statements for each bank, stock and mutual fund account.

 ❑ Recent copies of any stock brokerage or IRA/401K accounts. ❑ If you are applying for a cash-out refinance, a letter explaining your intent for the money needs to be provided.

❑ A copy of divorce decree (when applicable). Get Organized When searching for your new home, it is important to become pre-approved for many different reasons…

❑ Know how much house you can afford so that you do not waste precious time looking at properties that are not within your range.

 ❑ Being pre-approved gives you the negotiating power you may need, plus it lets the seller know that you are already approved and serious about purchasing a home. ✓ Your loan closes more quickly as it is already approved. With our Automated Underwriting process, our loan consultants are able to approve your loan on the spot or within 24 hours. (Approval may be contingent upon appraisal and other required documentation). Become Qualified Sign on your final loan documents and be prepared to…

 ❑ Bring a cashiers check for your down payment and closing costs (if required).

 ❑ Review your final loan documents making sure that your interest rate and loan terms are what was agreed on. Confirm the name and address that appear on the loan documents.

 ❑ Sign all loan documents. Move in, enjoy your home and please refer us to other family


2 thoughts on “Kentucky Home Buying Guide for Mortgages in Kentucky

  1. Pingback: Better lock in a mortgage rate now – USA Today | Kentucky First Time Home Buyer Mortgage Loan

  2. Pingback: Credit Scores and the Kentucky USDA Rural Development Loan Program | Kentucky First Time Home Buyer Mortgage Loan

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