STEP 2. FILL OUT LOAN APP & UPLOAD DOCUMENTS
FILLING OUT THE LOAN APP
• WHAT’S GROSS MONTHLY INCOME- To calculate your gross monthly income, divide the amount reported on your W2 by 12 months.
• WHAT ARE ASSETS?- Assets are liquid assets available for your down payment and closing costs.
• WHAT IS ADDITIONAL REAL ESTATE OWNED? This section is if you own any other properties.
• WHAT’S A CO-BORROWER- A co-borrower is anyone that you are adding towards the qualification of your new home.
AFTER YOU ARE DONE FILLING OUT YOUR LOAN APPLICATION, YOU WILL RECEIVE AN EMAIL REQUEST TO BEGIN UPLOADING YOUR DOCUMENTATION.