3.5% Down Payment required – payment options available.
VA Loans
Maximum loan amount is $417,000.
Seller can pay buyer’s closing cost up to 4% of sales price.
Certificate of Eligibility Required DD214.
USDA Loans
United States Department Agriculture Rural Developments.
Items Needed for Mortgage Application
Completed application, including two years of residency and employment history.
Copy of driver’s license & social security card for each borrower.
Current statement of assets: stocks, bonds, mutual funds, IRA’s, 401K’s, etc.
Two months most recent bank statement for all checking, savings, and brokerage accounts.
A minimum of two years complete personal tax returns
Last two years W-2’s or 1099s
Most recent pay stubs for each borrower, and most recent documentation of other income sources (retirement, social security, note income, child support, etc.)
