Home Loan Resources Make Your Home Your Happy Place...
Our goal is to make the process of getting your mortgage as smooth and hassle-free as possible. Visit our Home Loan Center for current rates, connect with a Loan Advisor, access a helpful FAQ, and more!
In addition, check out 9 Steps to the Home Buying Process as well as these additional resources from Fannie Mae:
- Fannie Mae-Overview
- Fannie Mae-Getting Started
- Fannie Mae-The Buying Process
- Fannie Mae-Credit Scores
First Time Buyer or Not Sure Where To Start?
Whether you’re looking to refinance or purchase your first (or next) home, a Loan Review is the perfect place to start – provide some basic info. on the next screen and we’ll take it from there. It doesn’t have to be a confusing or frustrating process – our Mortgage Loan Advisors will find the best options to work with your financial situation and walk you through the steps – let us take the worry out of the process!
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Home Loan Checklist
Following is a list of the documents you will need in order to complete the mortgage loan application:
- Most recent pay stubs representing a minimum one month period, for all borrowers (copies).
- Addresses of all borrowers for past two years.
- Name and addresses of employer(s) for last two years.
- Copies of W-2 forms for last two years.
- Bank statement copies for all accounts over past two months.
- Other income verification (if applicable). This could include rental agreements, notes receivables, retirement income, child support, etc.
- Purchase and Sale Agreement copy – all pages.
- Deposit for appraisal, credit report, and title insurance.
- Other assets being used for down payment and closing costs. This could include closing statement on sale of existing property, stock options, documentation of sale of assets (example: car), etc.
- Homeowner’s insurance information (name of company, agent, phone number).
- Landlord information for past two years (name, address and phone number).
If Self-Employed:
- Current profit and loss statement.
- Current balance sheet.
- Tax returns for past two years (personal and corporate, with all schedules).
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Typical Mortgage Process
Following is an example of what you can expect through each phase of the Mortgage Loan process:
Let’s Get Started
- Contact Qualstar’s Real Estate Lending Department for pre-approval. You can either contact us by phone at 1-800-848-0018, or fill out our online Mortgage Application.
- Once your application is received, a Real Estate Lending representative will contact you to set up an appointment for an application and credit review. (See the Mortgage Loan Checklist for a list of required items to bring with you to the appointment).
- Once the Real Estate Loan representative gives you a credit approval, you can then choose a realtor.
- You and the realtor will then select and make an offer on a home.
Paperwork & Documents
- You make the required deposit with Qualstar Real Estate Lending for the Application Review.
- Qualstar Real Estate Lending orders a credit report, appraisal, verifications, title, and other required documents.
- Qualstar Real Estate Lending reviews returned documents, including appraisal and title report.
- Qualstar Real Estate Lending contacts you (or your realtor) for additional information as needed, including verification showing property work orders are complete.
You’re Almost Done
- Qualstar’s Real Estate Loan representative submits the full loan package to an underwriter for final approval.
- Qualstar Real Estate Lending requests any further information required for approval.
- Closing documents are prepared and delivered to the Escrow Company.
The Home Stretch
- The Escrow Company calls you to schedule an appointment for signing and notifies you of the final dollar amount to bring to closing.
- You sign the closing papers and deposit the funds.
- The Escrow Company delivers the deed of trust to the county to be recorded.
- You get the keys to your new home!