Frequently Asked Questions

Yes, we do pre-approvals, however we need an example of what you are looking at so it can be reviewed by our lenders. Once approved, you can switch units and your loan officer will let you know how to make that happen.

1. Unverifiable or temporary income. 
2. No programs available in Alaska or Hawaii at this time.
3. Multiple bankruptcies or currently open bankruptcy.
4. Large, outstanding collections.
5. Inability to afford monthly payments.
6. Accounts in forbearance (student loans, mortgage, auto loans).
7. Enrolled in credit counseling.

We do offer refinancing programs for amounts over $75,000 with 12 months of on-time payment history and a minimum credit score of 680. Additional terms and conditions may apply.

For a purchase transaction, you will be asked to provide:

• Copy of your current driver’s license – clear & legible
• Copy of purchase agreement
• Copy of front and back of the title and/or current registration
• Proof of
• Proof of valid insurance
• Deposit (if applicable)

For a refinance transaction, you will be asked to provide:

• Copy of your current driver’s license
• Copy of your current registration

Yes, taxes, title, registration, and/or loan processing fees may be included in your loan amount subject to the loan amount meeting the bank’s LTV (Loan to Value) guidelines

While most of our lenders require a 10% to 15% down payment, our lenders will consider 100% financing on a case-by-case basis.

Yes, as long as your significant other is listed with you as a co-applicant on the application.

Income verification could be required depending on the applicant and the loan amount.
If income is being verified, you may be asked to provide additional information such as:

• If salaried, year to date paystub and/or most recent W-2 & two (2) years 1040 tax returns with all schedules and statements.
• If applicable, if self-employed, most recent two (2) years of personal federal tax returns including all schedules & two (2) business returns including all schedules & K-1s.
• If retired, Social Security, Retirement, and/or disability Benefit Award letter, current pension statement, annuity statement, investment and/or deposit account statements.

A soft pull does not affect your credit score. However, to complete your application, a hard inquiry is required by law and can have a small effect on your credit score. For more information on how inquiries affect your credit, we recommend speaking with a professional credit consultant.

Currently, all of our participating lenders require applicants to be US citizens or permanent residents with valid social security numbers. At this time ITIN’s are not accepted.