How to Get Pre-Qualified For a Mortgage

Step #1 in anyone’s buying process must be getting prequalified to buy a home. Depending on individual circumstances, it could take a month or more to get everything lined up to obtain a pre-approval for a new mortgage.

The process is very simple and you start by selecting a loan originator. Here in Louisiana our state government has special requirements for licensing loan originators. It is always best to use a local lender for your loan regardless of where you are moving from to get here. I’ve been involved in transactions where the buyers wanted to use an out-of-state lender (a former lender, a friend, what have you) but come to find out weeks down the line that their lender wasn’t licensed in the state to provide mortgage loans. Then they had to start the process all over again.

Mortgage Checklist
The following information is usually required during the loan process:

  • Your Social Security Number
  • Current pay stubs or, if self employed, your tax returns for the past two years
  • Bank statements for the past two months
  • Investment account statements for the past two months
  • Life insurance policy
  • Retirement account statements for the past two months
  • Make and model of vehicles you own and their resale value
  • Credit card account information
  • Auto loan account information
  • Personal loan account information

If you currently own Real Estate:

  • Mortgage account information
  • Home insurance policy information
  • Home equity account information (if applicable)

Below are some of my most trusted mortgage lenders in the Shreveport/Bossier City/Haughton area. Any of these folks can provide you with excellent service from beginning to end and are all experts in their field.

These lenders are not listed in any particular order and are all excellent.

BE SURE to tell them Dawn Thomas sent you!

StephanieSmith_web

Stephanie Smith with HomeBridge Financial Services
NMLS #1410133
4012 Benton Road, Suite 102
Bossier City, Louisiana 71111
Cell: (318)-294-4461
Click here to get to the mortgage application page

 

TaraRodgers

Tara Rodgers with Universal Home Mortgage
NMLS #118034 Co #452955
920 Pierremont Rd, Suite 520
Shreveport, LA  71106
Office:  (318) 675-1010 Ext. 12
Cell:  (318) 218-8525
Click here to get to the mortgage application page

 

 

Have more questions? Contact me.

Or call/text me at 318-344-3731

 

 

Dawn Thomas is affiliated with

Century 21 Elite
4012 Benton Road, Suite 110
Bossier City, LA 71111
318-746-8000
Each office independently Owned & operated

Louisiana license #19075

 

Thinking you want to buy a home in Shreveport, Bossier City, Haughton, Doyline or surrounding areas of northwest Louisiana. Buying home in Louisiana is easy with the best agent in Shreveport, Bossier City, Haughton, Doyline and northwest Louisiana. If you’re looking to sell your home contact Dawn Thomas, the best listing agent in northwest Louisiana specializing in Shreveport, Bossier City, Haughton, Doyline and surrounding areas. Call Dawn with all of your questions on how to list a home for sale or how to sell a home in Louisiana. Search homes for sale on Dawn’s Century 21 website at www.dawnthomas.c21.com.

 

My Realtor.com profile.

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