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Buying a new home is exciting. There's so much to consider, so many details to keep in mind. CTX Mortgage, our
affiliated mortgage company, keeps you on the fast track to homeownership - if you find a house today, CTX can
quickly close your loan. EVEN BETTER, have your credit pre-approved -- your mortgage credit pre-approval
helps you make the best deal possible. Other lenders may keep you waiting...and in today's market,
time is money.
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Here is a quick overview of the mortgage
process:
Start to Finish
Step 1 - Fill out loan application
Step 2 - Supply all requested information
Step 3 - Credit report issued
Step 4 - CTX underwriter review
Step 5 - Receive loan decision
Step 6 - If approved, close on your loan! It's
THAT EASY!
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What you'll need to apply for credit approval:
- A completed mortgage application.
- W-2 tax reports for the last two years and your latest-month pay stubs. If you are self-employed, you need the last two years' tax returns and the most recent profit and loss statement and partnership documentation.
- Cash to close the transaction: 3 months' bank statements, stock statements or other acceptable information verifying funds to close. A percentage of the proceeds from the sale of your current home may also be used as closing funds (see your CTX loan officer for details). Note: Closing funds may not be borrowed.
- Your authorization for CTX to review your credit report plus any required application fee. CTX will verify your income, debts and assets as required by the investor that will purchase your loan.
- CTX Mortgage reserves the right to reject any loan and request additional information.
So what are you waiting for? For more detailed information about financing your new home visit www.ctxmortgage.com
to locate a CTX Mortgage office near you.
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