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Complete a loan application:
The best way for HomeFirst Mortgage is our
on-line
loan application. The on-line loan
application is on a secure web site.
You may also download the loan application here (in
.pdf format). Once you have completed the loan
application you may fax (703) 549-5139 or mail the loan
application to:
HomeFirst Mortgage Corp.
207 South Alfred Street
Alexandria, VA 22314
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Provide supporting documents:
You do not have to provide supporting documents the same
time you submit your loan application.
And remember, give us what we ask for, exactly in the form we have
requested. By doing so, we can guarantee a much smoother, more predictable outcome.
You will need to provide the following
items when you send
in your application:
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Streamline REFINANCE:
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Most recent years W-2 forms
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Most recent Pay Stubs showing year to date earnings and
covering 30 days of pay
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Most recent month Bank Statements, IRAs, Mutual Funds,
Stocks & Bonds, etc. (All pages)
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Lease Agreements for rental property (if applicable)
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Name, title and telephone number of the person that can
verify your employment
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Name and telephone number of your Insurance Agent
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Name, telephone number and contact person at Condominium or
Home Owners Association. Name, and telephone number of your
closing agent.
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Check in the amount of approximately $320.00 payable to
HomeFirst Mortgage for cost of 1) Credit Report approximately $20.00 2) Appraisal
approximately $300.00
Self-employed borrower
Most recent two years personal tax returns
The following is based on a case-by-case borrower:
Most recent two years business tax returns
Year to date Profit and Loss Statement for January
to the end of month. (May need to be completed by
a CPA) |
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REFINANCE:
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Last two years W-2 form
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One-month history of Pay Stubs showing year to date earnings
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Copies of last 3 months of Bank Statements, IRAs, Mutual
Funds, Stocks & Bonds, etc. (All pages)
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Complete Divorce Decree, Separation Agreement, Property
Settlement Agreement (if applicable)
Lease Agreements for rental property (if applicable)
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Name, title and telephone number of the person that can
verify your employment
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Name and telephone number of your Insurance Agent
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Name, telephone number and contact person at Condominium or
Home Owners Association
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Signed letter indicating the purpose of the surplus Cash
Out, if applicable
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Check in the amount of approximately $320.00 payable to
HomeFirst Mortgage for cost of 1) Credit Report approximately $20.00 2) Appraisal
approximately $300.00
Self-employed borrower
Most recent two years personal tax returns
The following is based on a case-by-case borrower:
Most recent two years business tax returns
Year to date Profit and Loss Statement for January to the
end of month. (May need to be completed by a CPA) |
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Schedule
Closing:
Your Real Estate agent might assist you with setting up your
closing. If you do not have a Real Estate agent, you will
need to set up your own closing. Please contact your loan
officer with any question and to determine the closing date
that works for all parties involved. We will work with your
settlement company to make certain the papers arrive in
plenty of time for your settlement. Do not put this off,
first come, first served. Feel free
to ask your loan officer for recommendation.
The Settlement Company or closing agent will be the person
to ask about funds to close. Your loan officer can give you
a pretty close number, but the Settlement Company or closing
agent will have the final numbers. If you are required to
bring funds to the closing table, you should check with the
Settlement Company or closing agent about the type of fund
they accept and who the funds should be made out to.
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Homeowners Insurance:
Make sure you arrange for your homeowner’s insurance policy
well in advance of closing. Have your insurance agent call
us early in the process so that we can give him/her the
information they will need to process your insurance
application.
You will be required to pay the first year’s premium up
front. We call this “paid outside of closing” (POC).
If your transaction involves a condominium, you may only
need to provide the name and telephone number of the
property management company. The lender does not require
homeowners insurance on most condominiums.
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Termite Inspection:
A termite inspection is not always required. You
have the right to have the subject property inspected by a
certified termite company. Check with your Loan Officer
first. A satisfactory termite report, if required, will need
to be provided within 30 days of closing.
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Well and Septic:
If the subject property is located on Well and Septic, you
may be required to provide a Well and Septic certification
showing a clean bill of health. Check with your Loan Officer
to determine if one is required. This certification is
normally ordered by the settlement company or closing agent. A
satisfactory Well and Septic report, if required, will need
to be provided within 30 days of closing.
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Appraisal:
Your Loan Officer will contact the appraisal company on your
behalf. Please let us know right away if you have a
particular appraisal company you would like us to use. If
not, your loan officer will take care of the details for you.
The normal cost of an appraisal is approximately $300.00. You should have
paid this fee at the loan application. The appraisal company
will contact you directly to schedule a time to view the
property. It is very important to have the appraisal
completed ASAP. The entire loan process will be on hold
until the appraisal is completed and delivered to the Loan
Officer. Some loans do not require the appraiser to enter
the property.
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Conditional Approval:
This means your loan is approved but additional
information is needed. The additional information
provided by you will be a factor leading to
the loan approval. Due to the nature of your
loan situation, you may be asked to provide
additional documentation by your loan officer.
Your attention to this matter will help us to
close your loan in a timely fashion. Keep a
positive attitude and remember we are on your
team.
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Ask Questions:
Remember, there are no stupid questions. It is our job to
make sure you are well informed about the loan program you
will receive and the process you have to go through to get
to settlement. Your loan officer will always return your
call and otherwise be available to answer any questions you
have about pricing, programs and the process itself.
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And Finally:
If you are unhappy for any reason, the President of HomeFirst Mortgage will want to hear from you; Greg
Kundinger, as President, is committed to making certain that
your experience with HomeFirst Mortgage is as pleasant and
efficient as the application process can be. You can contact
Greg at (800) 232-1219 or via email at greg@homefirstmortgage.com. |
