Below is a “Needs List” of documentation of what is necessary to process and complete a pre-qualification. 

After you’ve completed the application and the documentation has been received, you will be able to finalize your Pre-Approval application and a Pre-Qualification Form will be issued to you and your Realtor.

 
- Most recent 30 days of paystubs

- W2’s for 2014 and 2015

- 2014 & 2015, Federal Tax Returns.  

- Last 2 Bank Account Statement for all accounts.  Checking, Savings, Retirement any account you want to disclose for approval.  Please send all numbered pages even if blank.

- Legible Copy of Identification, scan or picture from a phone usually works best

- Copy of your current Mortgage Statement or lease agreement

- Name and Phone number of the Home Owners Insurance Agent you will use once you find a property.

- VA loans – copy of DD214 & Certificate of eligibility.

HOME CALCULATOR TOOL - know how much you can afford before you buy a home​ (CLICK ON the PICTURE of the Calculator)

* Mortgage Calculator
* Affordability Calculator
* Refinancing Calculator
* Amortization Calculator
* Renting vs. Buying Calculator

"The home buying & selling process BEGINS and FINISH with ME, so that there is no interruption throughout the process.” - LONG M. NGUYEN

BUYING A HOME

Search for HOME like a Realtor on the ARMLS

REAL TIME - ACTIVE HOMES FOR SALE​

(CLICK ON the PICTURE of the HOUSE)

LONG M. NGUYEN is experienced and dedicated to assisting residents from pre-qualification, to touring homes, presenting offers and successfully closing the real estate transaction.
 
Whether you are interested in new construction or in the re-sale home market my team and I can make your homeownership goal a reality.

MORTGAGE INTEREST RATE

(CLICK PICTURE BELOW FOR UPDATED RATES)

Top 10 Things You Should NOT Do

When Buying a Home

Do not acquire any new debt prior to closing on this loan. This will avoid any delays due to additional documentation being required.  Please also continue to make all of your payments as normal until this loan is fully approved and funded. 

Let us know if there are any changes in employment, income and/or living situation during the process of this loan. Thank you!

1 - Don't change your job before submitting a loan inquiry for a home loan. Along with that, now is not the right time to become self-employed or quit your job. You want to show lenders stability, which means you'll be less likely to default on the loan.

2 - Don't change banks. Like your employment, you want your banking history to show stability.

3 - Don't buy a car or truck or any other form of transportation that you have to finance. Buying one increases your debt-to-income ratio and that's something loan officers don't want to see.

4 - Don't buy furniture on credit before buying your house. Like financing a car, charging big-ticket items increases your debt-to-income ratio and now is not the time.

5 - Don't be late on your credit card payments or charge excessively. You need a track record of responsibility and show that you can manage your money.

6 - Don't make large or cash deposits into your bank accounts. Lenders like the money that will be your down payment to be sitting in your account for at least two months - what they call "seasoning" - so that

the funds don't just appear out of the ether.

7 - Don't lie on your loan inquiry. Sounds simple, right? But don't leave out any debts or liabilities you have or fudge your income. It's fraud.

8 - Don't co-sign a loan for anyone. Even if you're not the one making the payments on that loan, it increases your debt-to-income ratio.

9 - Don't have inquiries made into your credit. Looking for new credit translates into higher risk for lenders. But opening credit accounts within a short period of time represents some risk and your credit could take a hit. It's probably not a huge factor in your calculating your ability to repay a loan but why take a chance at this juncture?

10 - Don't spend your money for closing costs. Part of the price of financing a loan is the closing costs and you likely have some responsibility for paying them. Make sure you have enough for your share of the obligation.

BUYING YOUR FIRST HOME

Meet KAREN and OSCAR 

 (FIRST TIME HOME BUYER)