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Frequently Asked Mortgage Questions

Do you have questions? We can help! You will find the answers to several frequently asked mortgage questions below.

ARE CASH DEPOSITS ACCEPTABLE?

Cash deposits are normally not accepted due to the lack supporting documentation.

ISSUES WITH TRANSFERS INTO MY ACCOUNT FROM ANOTHER ACCOUNT?

Transfers made between accounts under your name are acceptable and can be documented. Transfers from accounts that are not under your name are only accepted if they are a gift from a relative.

WHEN DO I NEED TO HAVE MY DOWN PAYMENT?

Upon writing an offer your down payments funds should be available. Funds will be reviewed and verified prior to closing.

DOES EARNEST MONEY COUNT TOWARD A DOWNPAYMENT?

Yes, earnest money can be credited toward the down payment.

WHAT DOCUMENTATION DO I NEED?

Most recent 2 years W2/1099 forms
Most recent 2 years Federal Tax Returns (All Pages)
Most recent month’s paystub(s)
Most recent 2 month’s statements for Checking, Savings, and Retirement accounts Copy of your Driver’s License

IS IT OKAY TO CHANGE JOBS PRIOR TO APPLYING?

Changing jobs is normally not recommended before or during the loan process. Please be sure to discuss this with your loan officer prior to making any job related changes.