{"id":1133,"date":"2022-10-06T11:05:35","date_gmt":"2022-10-06T11:05:35","guid":{"rendered":"https:\/\/completingyourdreamteam.com\/?page_id=1133"},"modified":"2022-10-13T23:43:04","modified_gmt":"2022-10-13T23:43:04","slug":"loan-requirements","status":"publish","type":"page","link":"https:\/\/completingyourdreamteam.com\/?page_id=1133","title":{"rendered":"Loan requirements"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1133\" class=\"elementor elementor-1133\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8d795ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8d795ae\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ded08c2\" data-id=\"ded08c2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d74436 elementor-widget elementor-widget-image\" data-id=\"7d74436\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"800\" height=\"466\" src=\"https:\/\/completingyourdreamteam.com\/wp-content\/uploads\/2022\/10\/All-about-home-loans-for-resale-flats-FB-1200x700-compressed-1024x597.jpeg\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/completingyourdreamteam.com\/wp-content\/uploads\/2022\/10\/All-about-home-loans-for-resale-flats-FB-1200x700-compressed-1024x597.jpeg 1024w, https:\/\/completingyourdreamteam.com\/wp-content\/uploads\/2022\/10\/All-about-home-loans-for-resale-flats-FB-1200x700-compressed-300x175.jpeg 300w, https:\/\/completingyourdreamteam.com\/wp-content\/uploads\/2022\/10\/All-about-home-loans-for-resale-flats-FB-1200x700-compressed-768x448.jpeg 768w, https:\/\/completingyourdreamteam.com\/wp-content\/uploads\/2022\/10\/All-about-home-loans-for-resale-flats-FB-1200x700-compressed.jpeg 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be11603 elementor-widget elementor-widget-text-editor\" data-id=\"be11603\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><strong>THE 10 DO&#8217;S AND DON&#8217;TS<\/strong><\/p><p>1. Don&#8217;t apply for new credit of any kind<\/p><p>2. Do keep all existing credit card accounts open<\/p><p>3. Don&#8217;t max out or overcharge existing credit cards<\/p><p>4. Do keep your employment within the same company or field of work<\/p><p>5. Don&#8217;t consolidate debt to one or two<\/p><p>credit cards<\/p><p>6. Do pay off collections, judgements or tax<\/p><p>liens reported within the past year<\/p><p>7. Do be prepared to pay off collections<\/p><p>if required by underwriting or the loan program guidelines<\/p><p>8. Do provide any documentation for<\/p><p>satisfied judgements or paid tax liens<\/p><p>9. Do stay current on payments for all existing monthly obligations<\/p><p>10. Do call me before making any financial<\/p><p>decisions or changes to your normal<\/p><p>financial routine. I&#8217;m here to help you<\/p><p>through the process<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7a7ac3a\" data-id=\"7a7ac3a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e9a6425 elementor-tabs-view-horizontal elementor-widget elementor-widget-tabs\" data-id=\"e9a6425\" data-element_type=\"widget\" data-widget_type=\"tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs-wrapper{width:25%;-ms-flex-negative:0;flex-shrink:0}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active{border-right-style:none}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:after,.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:before{height:999em;width:0;right:0;border-right-style:solid}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:before{top:0;-webkit-transform:translateY(-100%);-ms-transform:translateY(-100%);transform:translateY(-100%)}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:after{top:100%}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title{display:table-cell}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title.elementor-active{border-bottom-style:none}.elementor-widget-tabs.elementor-tabs-view-horizontal 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.elementor-tab-desktop-title{position:relative;padding:20px 25px;font-weight:700;line-height:1;border:solid transparent}.elementor-widget-tabs .elementor-tab-desktop-title.elementor-active{border-color:#d4d4d4}.elementor-widget-tabs .elementor-tab-desktop-title.elementor-active:after,.elementor-widget-tabs .elementor-tab-desktop-title.elementor-active:before{display:block;content:\"\";position:absolute}.elementor-widget-tabs .elementor-tab-desktop-title:focus-visible{border:1px solid #000}.elementor-widget-tabs .elementor-tab-mobile-title{padding:10px;cursor:pointer}.elementor-widget-tabs .elementor-tab-content{padding:20px;display:none}@media (max-width:767px){.elementor-tabs .elementor-tab-content,.elementor-tabs .elementor-tab-title{border-style:solid solid none}.elementor-tabs .elementor-tabs-wrapper{display:none}.elementor-tabs .elementor-tabs-content-wrapper{border-bottom-style:solid}.elementor-tabs .elementor-tab-content{padding:10px}}@media (min-width:768px){.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs{display:-webkit-box;display:-ms-flexbox;display:flex}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs-wrapper{-webkit-box-orient:vertical;-webkit-box-direction:normal;-ms-flex-direction:column;flex-direction:column}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs-content-wrapper{-webkit-box-flex:1;-ms-flex-positive:1;flex-grow:1;border-style:solid solid solid none}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-content{border-style:none solid solid}.elementor-widget-tabs.elementor-tabs-alignment-center .elementor-tabs-wrapper,.elementor-widget-tabs.elementor-tabs-alignment-end .elementor-tabs-wrapper,.elementor-widget-tabs.elementor-tabs-alignment-stretch .elementor-tabs-wrapper{display:-webkit-box;display:-ms-flexbox;display:flex}.elementor-widget-tabs.elementor-tabs-alignment-center .elementor-tabs-wrapper{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-widget-tabs.elementor-tabs-alignment-end .elementor-tabs-wrapper{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-widget-tabs.elementor-tabs-alignment-stretch.elementor-tabs-view-horizontal .elementor-tab-title{width:100%}.elementor-widget-tabs.elementor-tabs-alignment-stretch.elementor-tabs-view-vertical .elementor-tab-title{height:100%}.elementor-tabs .elementor-tab-mobile-title{display:none}}<\/style>\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2441\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2441\" aria-expanded=\"false\">General loan checklist<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2442\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2442\" aria-expanded=\"false\">Military loan checklist<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2441\" aria-expanded=\"false\">General loan checklist<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2441\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2441\" tabindex=\"0\" hidden=\"false\"><ul>\n<li><strong>Bank Statements<\/strong> <em>(all pages even if blank)<\/em><\/li>\n<\/ul>\n<p>Last two months from all accounts.<\/p>\n<ul>\n<li><strong>Retirement<\/strong><\/li>\n<\/ul>\n<p>Last two months of retirement\/pension, 401K and social security 1099 statements.<\/p>\n<ul>\n<li><strong>Pay Stubs and\/or current Leave and Earnings Statement (LES)<\/strong><\/li>\n<\/ul>\n<p>Last 30 days.<\/p>\n<ul>\n<li><strong>Tax<\/strong> <strong>Returns <\/strong><\/li>\n<\/ul>\n<p>Last two years of 1040 federal tax return, last two years of federal corporate and\/or partnership tax returns <em>(if self-employed)<\/em>, last two years of W-2 forms.<\/p>\n<ul>\n<li><strong>Employer Information<\/strong><\/li>\n<\/ul>\n<p>Name address, phone number and dates of employment for all employers over the last 2 years.<\/p>\n<ul>\n<li><strong>Valid I.D. copy<\/strong><\/li>\n<\/ul>\n<p>Driver\u2019s license, social security card, passport.<\/p>\n<ul>\n<li><strong>Earnest Money<\/strong><\/li>\n<\/ul>\n<p>Copy of earnest money check deposit.<\/p>\n<ul>\n<li><strong>Award Letters <\/strong><em>(if applicable)<\/em><\/li>\n<\/ul>\n<p>For retirement\/pension income, social security, disability income. Copies of social security, pension and\/or retirement award letters and corresponding 1099s (if you receive this type of income).<\/p>\n<ul>\n<li><strong>Divorce <\/strong><em>(if applicable)<\/em><\/li>\n<\/ul>\n<p>Decree and separation agreement.<\/p>\n<ul>\n<li><strong>Mortgage Statements <\/strong><em>(if applicable)<\/em><\/li>\n<\/ul>\n<p>Property tax bills and homeowners\u2019 insurance statements for all real estate owned.<\/p>\n<ul>\n<li><strong>Bankruptcy <\/strong><em>(if applicable)<\/em><\/li>\n<\/ul>\n<p>Petition and Discharge.<\/p>\n<p><\/p>\n<p><i><b>Note: Additional documentation may be required for underwriting approval. All loan requirements are to be verified with lender.<\/b><\/i><\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2442\" aria-expanded=\"false\">Military loan checklist<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2442\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2442\" tabindex=\"0\" hidden=\"hidden\"><ul><li><strong>Bank Statements<\/strong> <em>(all pages even if blank)<\/em><\/li><\/ul><p>Last two months from all accounts.<\/p><ul><li><strong>Retirement<\/strong><\/li><\/ul><p>Last two months of retirement\/pension, 401K and social security 1099 statements and Thrift Savings Plan (TSP).<\/p><ul><li><strong>Pay Stubs and\/or current Leave and Earnings Statement (LES)<\/strong><\/li><\/ul><p>Last 30 days.<\/p><ul><li><strong>Statement of service from your commanding officer if you are active duty<\/strong><\/li><\/ul><p>Must include eligibility for reenlistment. Copy of your DD214 if separated from the military.<\/p><ul><li><strong>Tax<\/strong> <strong>Returns (if you have commission or rental income)<\/strong><\/li><\/ul><p>Last two years of 1040 federal tax return, last two years of federal corporate and\/or partnership tax returns <em>(if self-employed)<\/em>, last two years of W-2 forms.<\/p><ul><li><strong>Employer Information<\/strong><\/li><\/ul><p>Name address, phone number and dates of employment for all employers over the last 2 years.<\/p><ul><li><strong>Valid I.D. copy<\/strong><\/li><\/ul><p>Driver\u2019s license, social security card, passport.<\/p><ul><li><strong>Earnest Money<\/strong><\/li><\/ul><p>Copy of earnest money check deposit.<\/p><ul><li><strong>Award Letters <\/strong><em>(if applicable)<\/em><\/li><\/ul><p>For retirement\/pension income, social security, disability income. Copies of social security, pension and\/or retirement award letters and corresponding 1099s (if you receive this type of income).<\/p><ul><li><strong>Divorce <\/strong><em>(if applicable)<\/em><\/li><\/ul><p>Decree and separation agreement.<\/p><ul><li><strong>Mortgage Statements <\/strong><em>(if applicable)<\/em><\/li><\/ul><p>Property tax bills and homeowners\u2019 insurance statements for all real estate owned.<\/p><ul><li><strong>Bankruptcy <\/strong><em>(if applicable)<\/em><\/li><\/ul><p>Petition and Discharge.<\/p><p>\u00a0<\/p><p>Note: Additional documentation may be required for underwriting approval. All loan requirements are to be verified with lender.<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>THE 10 DO&#8217;S AND DON&#8217;TS 1. Don&#8217;t apply for new credit of any kind 2. Do keep all existing credit card accounts open 3. Don&#8217;t max out or overcharge existing credit cards 4. Do keep your employment within the same company or field of work 5. Don&#8217;t consolidate debt to one or two credit cards [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=\/wp\/v2\/pages\/1133"}],"collection":[{"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1133"}],"version-history":[{"count":54,"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=\/wp\/v2\/pages\/1133\/revisions"}],"predecessor-version":[{"id":1455,"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=\/wp\/v2\/pages\/1133\/revisions\/1455"}],"wp:attachment":[{"href":"https:\/\/completingyourdreamteam.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}