1. Two Financing Companies for Your Convenience
If you are declined through our first lender we have a second lender we use that is a little more forgiving of some financial situations. If you are declined the lender will send you a letter in the mail within 30 days to let you know the reason.
2. Avoid Delays
Residential and employment information must be 2 years. if you have not been at either for at least 2 years please list a previous location. By doing so, it will avoid delays in the process.
If you are using a spouse or family member’s income, they must be used as your co-buyer. Co-buyers have the same requirements and must give 2 years at their residence & employment.
4. Interests Rates
Interest rates on the loan depend on the credit score, debt to income ratio, loan amount, and loan terms. This is not one set rate for everyone. All decisions involving the customer’s interest rate & approval are based on those 4 pieces of information and will be determined by the finanial institution.