Looking for tips to make sure you hear the best 3 words? Clear to close. When you’ve found your favorite home, submitted your offer and won the bid in the growingly competitive market, and then you wait tensely for the notice from your lender that you’re clear to close. It can be a long wait. As your mortgage lender I want to give you some tips to close quickly on a home loan. The biggest tip that I can give you as your loan officer and advisor – be responsive to requests for information.
For example, we just qualified for a new-to-us owner occupied home in San Diego. We were very responsive to requests for information. If it was a missing W-2 document, we sent it in less than 2 hours. If we needed a letter explaining something on the credit report, it was done by the same day. This is how we personally got a Clear to Close in 10 DAYS!
8 Tips to the best 3 words – clear to close on our your Home loan
- Check your credit score and work to improve it if necessary. A good credit score is typically required to qualify for a home loan.
- Save for a down payment. Most lenders require a down payment of at least 3% to 5% of the purchase price of an Owner-Occupied home (I can help you in AZ & CA for owner occupied and soon FL). For investment properties you’ll need between 20-30% of the total price for the down payment.
- Gather required documentation, such as pay stubs, tax returns, and bank statements.
- Call me at 480-773-0714 to apply for a loan. Be prepared to provide documentation of your income, employment, and assets.
- Get pre-approved for a loan. This will give you an idea of how much you can borrow and can help you when you start looking for a home.
- Find a real estate agent and start looking for a home. Remember to stay within your budget and keep in mind that you will need to pay closing costs in addition to the down payment.
- Once you find a home, submit an offer and if it accepted, go through the underwriting process, during this process the lender will verify your income, credit, and assets and will also appraise the property to ensure the value of the home is equal to or greater than the loan amount.
- Close on the loan and move into your new home – or work your asset plan for your investment property. Remember I can help you with investment properties in 46 States throughout the USA!
Myself and the team here at Valor Lending Group have helped thousands of home buyers qualify for their millions and millions of $$ in loans! There is no question too big or too small that we won’t be able to help you with. We pride ourselves on our top-notch communication skills to tackle any situation that comes our way. Reach out to me to today, I’m an expert on owner occupied and investment property and will get back to your ASAP with advice you can trust.
Qualify for your Home Loan with the best Experience and Service
Valor Lending Group strives to give you the top loan experience on the purchase or refinance of your new or current home. I take pride in helping you with your new home loan and promise to be here for you day and night to answer any questions or concerns you may encounter through your loan scenario.
I will work around the clock to get you the top rates call me today at 480-773-0714
CALL or EMAIL ME for immediate attention to your scenario!
Please do not hesitate to call on me for any scenarios.
I look forward to an opportunity to demonstrate my prompt and professional service.
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $2.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5MM
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2MM / 10% down up to $3MM
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500MM
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- Conventional Conforming Loans (under $647,200)
- High Balance Conforming (from $647,200-$970,800)
- Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $3MM
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
I am never too busy for your referrals!
WE ARE PROUD SUPPORTERS OF OUR TROOPS!
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