Rather than working with Mortgage Pre-Qualification Letters, FundMyHome.org requires of its preferred Lenders that they work with Actual Pre-Approvals obtained directly from GOV Backed Mortgage underwriting systems known as "Desk Top Underwriter" (DU) and Loan Prospector (LP) which systems are used by main GOV Backed Agencies known as Fannie Mae / Freddie Mac. These Pre-approvals are conditional to Property Appraised Value, Satisfactory Title, and Final Underwriting and Quality Control.
1. INCOME DOCUMENTATION
a. Last two (2) years Tax Returns
b. Last two (2) years W2's or 1099's
c. Most recent 1-month pay-stubs.
d. Social Security Award Letters (when applicable)
e. Long Term Disability Award Letters (when applicable)
2. ASSET DOCUMENTATION
a. Most recent 2-months bank statements
i. All pages
ii. Front and Back
iii. Showing Bank’s name
iv. Showing account number
v. Showing Borrower’s name and address
FundMyHome.org provides assistance to ALL Mortgage Approved Home-buyers even when they have more than adequate Liquid Assets deposited in their Bank Accounts. Nevertheless, to issue bank approvals, our preferred lenders will want to confirm that our Home-buyers have adequate Liquid Assets; with that said, WE WANT BANK APPROVALS, so please DO NOT HIDE your liquid assets from us thinking that we won't help you. We will always help you. So Please upload ALL YOUR BANK STATEMENTS to demonstrate your financial stability.
a. State Issued Picture ID
b. Social Security Card
c. Green Card (when applicable)
d. Work Permit (when applicable)
4. HOUSEHOLD MEMBERS
a. Number of people that will live in your New Home
b. Their Names,
b. Your Relationship with them
b. Yearly Income of each household member
a. Divorce Decree (when applicable)
Divorce Decrees are necessary to Accept or Deny Income and/or Liabilities from Child Support and Alimony
b. Detailed Explanation of what you're trying to achieve (location, type of home, closing date, etc)
c. Contact information and best time to call (cell phone, work, email)
Please be sure that ALL DOCUMENTS are legible, complete and in good sequence and order.
Also, please note that screenshots or photographs of (documents, letters, bank statements, tax returns, W2's, pay-stubs, etc.) are unacceptable to all banks.
Each particular Document that you up-load must be individually labeled and have all of its pages in proper sequence.
Each Document must be uploaded separately; Do not up-load one single document containing all of your supportive documentation.
All Documents must be Delivered through our Document Up-loader. FundMyHome.org does not accept Physical Mail.
Upon receipt of your complete application package and supportive documentation, FundMyHome.org will process and respond to you within 5-7 days.