Purchase

Let us guide you through the home purchase process.

DOCUMENTS REQUIRED FOR A RESIDENTIAL LOAN MORTGAGE

Below is a list of documents that are required when you apply for a mortgage. Having the necessary financial documentation ready when you talk to our loan expert will speed up the mortgage process.

Every situation is unique and you may be required to provide additional documentation; our loan experts are ready to help you to determine what documentation you’ll need for your particular situation and to help close in a timely manner.

1

Credit History

When you apply for a mortgage, we must access your credit report to know how credit worthy (or risky) you are as a borrower. Borrowers with high credit score are more likely to qualify for a larger loan, better loan options, and/or a more favorable interest rate . We’ll need your Social Security number and date of birth.

2

Your Property

  • Copy of signed sales contract including all parties
  • Verification of the deposit you placed on the home
  • Names, addresses and telephone numbers of all realtors, builders, insurance agents and attorneys involved
    Copy of Listing Sheet and legal description if available. You may also need to provide condominium declaration, by-laws and most recent budget, ....if the property is a condominium.
3

Proof of Income

To make sure that you are able to make your mortgage payments, we need to see proof that you have a source of income. Following documents are usually required:

  • Copies of your pay-stubs for the most recent 30-day period and year-to-date
  • Copies of your W-2 forms for the past two years – Your W-2 forms will help your lender verify that you are employed and will show your income ...history.
  • Names and addresses of all employers for the last two years
  • Letter explaining any gaps in employment in the past 2 years
  • Work visa or green card (copy front & back)

If self-employed or receive commission or bonus, interest/dividends, or rental income:

  • Provide complete tax returns for the last two years PLUS year-to-date Profit and Loss statement, * If you have filed an extension, please supply a ...copy of the extension.
  • K-1’s for all partnerships and S-Corporations for the last two years
  • Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda ...for the last two years. (Required only if your ownership position is 25% or greater.)
4

If you will use Alimony or Child Support to qualify

  • Provide divorce decree/court order stating amount, as well as, proof of receipt of funds for last year
5

Source of Funds and Down Payment

To qualify for a mortgage, you need to be able to show that you have some money for the closing costs. Acceptable sources of funds may come from:

  • Sale of your existing home – provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold
  • Savings, checking or money market funds – provide copies of bank statements for the last 3 months
  • Stocks and bonds – provide copies of your statement from your broker or copies of certificates
  • Gifts – provide Gift Affidavit and proof of receipt of funds
  • Based on information appearing on your application and/or your credit report, you may be required to submit additional documentation.
6

Copy of Your Earnest Money Deposit

The earnest money deposit is a deposit made by a buyer towards the down payment in evidence of good faith when the purchase agreement is signed. You may be asked to provide a copy of the earnest money deposit.

7

Copy of Homeowners Insurance

Homeowner’s insurance is used to verify that you’ll have sufficient coverage on the property when getting a mortgage. It covers any damages that may affect the home’s value.

8

Debt or Obligations

  • Details of all current debts with copies of the last three monthly statements
  • Details of mortgage holders and/or landlords for the last two years
  • If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation

Get Started With Your Home Loan Application

Once you've begun the loan process, our loan expert will let you know exactly what documentation you'll need to get approved. If you would like to learn more about the process of getting a home loan, contact us at (786) 220-1100 or take the first step by getting pre-approved here for FREE!

ARMET ING
ARMET I.
23:09 15 Jul 21
David and Ricardo did a very good job, during the purchase of my properties, providing me with support during the purchase process. Thank you so much.
Jessica Michels
Jessica M.
01:24 15 Jul 21
Claudia helped us all the way thru the process on buying our home. We couldn’t have chosen a better professional for this job. She was always available and responding to our questions without any... delayed. I will recommend Claudia as a excellent mortgage broker.read more
Ana Paula Hensel
Ana Paula H.
19:47 22 Jun 21
David is an extremely competent and committed person, he conducted the entire process with great competence. Helped a lot in all situations, with a lot of patience and promptness.
Sergio Garin
Sergio G.
18:50 22 Jun 21
Realmente muy contento con todo el asesoramiento, de David C, que me entrego durante todo el proceso ,Disponibilidad las 24 hrs del día . Es la segunda Hipoteca que tomamos y lo volvimos a elegir... por la confianza y eficiencia que ha demostrado amplios conocimientos profesionales y gentileza en todo momento para resolver las dudas que se me presentaban, a cualquier hora del dia . Recomiendo de todas maneras su asesoramiento para comprar una tercera propiedad. fueron tiempos muy dificiles en la pandemia , porque tuvimos que cerrar en Paris y Chile, porque mi hijo se encontraba en diferentes lugares logrando los objetivos en un 100 porcientoread more
Rodolfo Villafuerte
Rodolfo V.
14:46 22 Jun 21
We had great advised and conditions with our condo mortgage. The mortgage has approved with a high percentage of financing rate.
Landon Scott
Landon S.
15:35 21 Jun 21
David Comisso is the lender you want to work with, he's very knowledgeable and is a master at compiling a file. No matter how complicated the case, David makes it happen.
Angel Bracho
Angel B.
01:41 19 Jun 21
Excellent service provided by David C. My client was able to close within 30 days. Looking forward to work with him for my next transaction.
Francisco Raddatz
Francisco R.
21:12 18 Jun 21
Thanks David and team for all the support to get my mortgage in the US. I was able to do everything remotelly and quickly. I always counted with a transparent profesional guidance that made me feel... confident all time.read more
Lia Souza
Lia S.
00:11 17 Jun 21
Claudia just helped me buy my first property in Miami without delays.She made the whole process really easy, and walked me through everything.She was always available to answer my questions.... Everything was easy and very professional.I recommend lending bankers mortgage and Claudia to anyone wanting to purchase a property here.read more
Talía Brigneti
Talía B.
23:50 15 Jun 21
I recently closed my first property with the immense help and guidance of David C— from the first day I reached out until the day we closed he was extremely responsive to every one of my of intricate... questions and took as much time as was necessary to thoroughly explain each step in the process. Even when matters got complicated with the deal, David worked out alternatives to solve the different issues and make sure we stayed on track with our closing timelines (and we closed even sooner than what we anticipated!). Highly recommend anyone to work with David if you have the opportunity!read more
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