Financing Your Home

1
Financing Your Home

• The Process and Options
• Presented by
• Heartland Realty

2
Financing Process

• Complete loan application and pay fee
• Schedule appraisal of the home
• Review good-faith estimate of closing and related
  costs
• Sign closing documents
• Record documents in recorders office

3
Mortgage Options

• Standard programs
• Fixed rate
• FHA loans
• VA loans
• Alternative Programs
• Adjustable-rate mortgage (ARM)
• Community Home Buyers Programs

4
Required Documents

• Income, expenses, obligations information
• Two most recent pay stubs
• Federal tax returns for past two years
• W-2s for past two years
• Long-term debts
• Credit cards, car loans, student loans