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Useful Tips to Purchasing a Home | Valor Lending Group

Are you ready to purchase a home of your own?

Are you interested in learning some useful tips to purchasing a home?

Purchasing a home can be very stressful, especially if you don’t know where to start. When getting ready to purchase a home there are certain things to consider.

Valor Lending Group is here to help you purchase your new home TODAY!

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Here Are 7 Tips To Help Your Loan Process Go Quickly and Smoothly

1. Make sure your credit is in good shape

• Check your credit score
  • Excellent Credit: 750+
  • Good Credit: 700-749
  • Fair Credit: 650-699
  • Poor Credit: 600-640
• Try to get your credit card balances below 40% of the limit
• It’s best to have at least 3 open and active accounts listed on your credit report

2. If you’re renting, pay by check

• Having documented proof of your last 12 months of payments is often required by the lender

3. Obtain proof of employment for the past 2-years

• W2s and tax returns
• Paystubs covering 30 days
• Be prepared to explain any gaps in employment

4. Avoid large deposits or withdrawals from your bank account

5. Determine a down payment amount based on your available funds

6. Obtain a pre-approval letter from an Independent Mortgage Professional

7. Research a local real estate agent

VALOR LENDING GROUP OFFERS EVERY MORTGAGE LOAN IN THE BOOK!

CALL or EMAIL for immediate attention to your scenario!

Recap of our Loan Products

1. Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
4. Valor VA Home Loan 100% financing up to $1.5MM
5. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
6. Flipper & Rehab Loans (Flip a property with one of our many options)
7. 2nd Position Loans up to $5mm
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom homes and commercial ground up.
10. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
11. 10% down Jumbo’s up to $1.5mm
12. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
13. Acreage Properties
14. Commercial Loans up to $500mm
15. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
16. Foreign Nationals Loans (no social security or residency required)

We Also Offer:

1. Conventional Conforming Loans
2. High Balance Conforming
3. Jumbo Loan Financing | 10% down Jumbo to $1.5mm
4. FHA, USDA
5. Reverse mortgages up to $1 Million Value
6. Cash Out Refinancing

**Rates and terms subject to change without notice

We are never too busy for your referrals!

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