Congratulations on beginning the process of purchasing a new home. Buying a home is exciting and I am committed to making the home buying process as quick and easy as possible. I will walk you through the process every step of the way so you know what to expect. Here are your first steps in the home buying process.
The first step in the loan process is completing a loan application on my web site. Here are the steps to accomplish this:
- Visit the website –www.everbank.com/ftecson and click “Let’s Get Started” and select “Purchase”.
- When it asked if you have an accepted contract for the property, select “NO” then select “start Now” and complete the full on line application.
- When it asks for a property address, put in “TBD”. DO NOT enter in an address.
In addition to the online application, we will need to collect a number of documents from you. You can send the documentation to me directly or upload the items with your application. The list of items needed can be found on the following page.
After you complete the on line application, I will reach out to you to discuss the application and fill in any holes. They will also review your documentation that you have sent over and let you know if there is anything else that we may need. Please make note that we will pull your credit once we receive your on line application.
Once I complete the application with you and pull the credit, I will directly wrap up your pre-approval. Should you be pre-approved, I will issue the pre-approval letter via email. This pre-approval is good for 90 days. Please feel free to contact me anytime if you have any questions or need assistance with the pre-approval process.
Paddie Tecson, EverBank
Here is the list of documentation needed for pre-approval. For the bank statements, these accounts can be checking/savings, IRA/401K or stocks. We do need all pages of the statements even if some pages of the statements are blank.
[ ] 1 month most recent paystubs
[ ] W2’s for the last 2 years
[ ] 2 most recent bank statements to show down payment
[ ] 2 years of Federal Tax Returns 1040
If you are a current homeowner, we will also need the following documentation:
[ ] mortgage statement
[ ] Property tax bill
[ ] Insurance Bill
[ ] HELOC statement
[ ] HOA statement Bill
If you are a business owner, we will also need the following documentation:
[ ] 2 Year business tax returns (1120, 1120 S, 1065)
[ ] 2 years K-1’ (if applicable)
All buyers interested in purchasing a home at West Pueblo Estates or Milpa Village must be pre-approved with Castle Companies’ preferred lender, EverBank. Cash buyers will also need pre-approval with EverBank by providing the necessary documentation verifying the total funds required to purchase. Pre-approval does not guarantee an actual opportunity to purchase and a buyer may not purchase more than one home at the sales release. No contingent sales will be considered or accepted and once the purchase agreement is ratified between buyer and seller, no lot transfers will be permitted.
Castle Companies reserves the right to make changes to the sales procedures, availability, sales prices and terms at any time without prior notice. Castle Companies also reserves the right to pre-sell and /or give priority to any specific home/lot prior to sales releases. By participating, each interested buyer acknowledges and agrees that Castle Companies shall be the sole decision maker for any disputes arising out of the release process, and the decision of Castle Companies shall be final.