Understanding the 4 C’s of a loan is important | Valor Lending Group
What are the 4 C’s of a loan?
Are you ready to purchase a home of your own?
Are you interested in learning some of our helpful tips to use when embarking on the loan process?
The loan process can be very stressful, especially if you don’t know where to start. When getting ready to start the loan process there are certain things to consider.
Valor Lending Group is here to help your loan process go quickly and smoothly!
Why are the 4 C’s of a loan important?
The 4 C’s stand for Capacity, Capital, Collateral and Credit. This may differ from lender to lender but these are the 4 main components.
Looking to Purchase a Home?
Here are a few tips to help your loan process go quickly and smoothly.
- Make sure your credit is in good shape
- Check your credit
- Excellent Credit: 750+
- Good Credit: 700-749
- Fair Credit: 650-699
- Poor Credit: 600-649
- 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
- Check your credit
- If you’re renting, pay by check
- Having documented proof of your last 12 months of payments on your credit report
- Obtain proof of employment for the past 2 years
- W2’s and tax returns
- Paystubs covering 30 days
- Be prepared to explain any gaps in employment
- Avoid large deposits or withdrawals from your bank account
- Determine a down payment amount based on your available funds
- Obtain a pre-approval letter from an Independent Mortgage Professional
- Research a local real estate agent
Bottom Line
Valor Lending Group is here to help you with all of your mortgage loan processing needs. We offer every mortgage loan in the book! So if you are interested in acquiring a loan please give us a call today to discuss your mortgage loans options.
CALL or EMAIL TODAY TO GET APPROVED!
My goal is to be able to provide the gift of homeownership to as many people as possible. I believe one of the best financial investments one can make is deciding to buy a home.
CALL or EMAIL for immediate attention to your scenario!
With David Christie, you will receive expertise you can trust.
Recap of our Loan Products
- Hard Money Loans (20% down / minimal documentation) are Typically funded 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 $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on the subject property’s cash flow – No DSCR Coverage is 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)
- 10% down Jumbo’s up to $1.5mm
- 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)
Other Programs we Offer:
- Conventional Conforming Loans
- High Balance Conforming
- Jumbo Loan Financing |10% down Jumbo to $1.5mm
- FHA, USDA
- Reverse mortgages up to $1 Million in Value
- Cash-Out Refinancing
We look forward to the opportunity to serve you!
For the most up-to-date mortgage news visit: Mortgage News Daily
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Did we miss anything?
- Call or Email me (David Christie) if there is any information that we have missed
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- Do not hesitate to give us your feedback
- Ask us for a quote
- Visit our homepage to check out what Valor Lending Group has to offer
For the most up to date mortgage news visit: Mortgage News Daily
Check out our GOOGLE REVIEWS
