Branch Manager NMLS #376521
Michael Brewbaker is the Team Leader at New Homeowner Center at Summit Mortgage. Michael is a home purchase expert and an experienced homeowner. He understands your concerns and knows your time is valuable. It is important to get started right. Talk to Michael today. He is ready to help you with every step. Michael Brewbaker and his team will be your trusted advisers.
Call Now – 612-226-3559
Or schedule a 10 minute call with Michael Brewbaker at your convenience
Credit, Income, Employment, and Assets are needed for Pre-approval and Loan Process. Being prepared at time of Pre-Application is wise to ensure you are pre-approved without any delays. Get a head start now. Here are the documents you will need for your pre-approval and Loan Approval. Let Michael Brewbaker help you get started.
Pre-Application/Pre-Approval 101 – A Pre-Application needs to be completed to obtain a Pre-Approval. A Pre-Application includes a credit profile, employment verification, and review of income and asset documentation. Pending everything is satisfactory, a Pre-Approval will be supplied to you and your realtor. You then will be able to actively make offers on homes in your approved price range. Pre-Approval Letters are property specific and need to be revised and re-issued for every property you consider buying.
Good realtors make a point to check on the strength and the depth of a Pre-Approval before presenting an offer to the sellers they represent. Your full Application doesn’t take place until you have an executed contract to buy a home. A Pre-Approval is needed and its starts with your Pre-Application. If you have any questions don’t hesitate to ask Michael Brewbaker.
- Copies of pay stubs for each applicant (30 days)
- W-2s for two years
- Two years of tax returns
- Bank statements for two months
- If self-employed, year-to-date profit and loss statement
- Proof of pension income, if applicable
- Social Security Award Letters, Disability Statements, Pension Statements (if applicable)
Here’s a Tip: Have a few test or sample properties picked. Use any home search site. This will help you visualize the real loan terms on a real property. Michael will help you fine tune your purchase price range.
Hear from some of my clients…
The New Homeowner Center at Summit Mortgage wants to offer a level of service above your expectations. We know that communication is the most important thing about your home buying process. We make ourselves available on your time. Call us today, or whenever. Let us know how we can help. We want your feedback.