Take the guesswork out of the home buying process by prequalifying for your new home. A prequalification gives you a snapshot of your home buying power. The prequalification process is easy and FREE! At Equisouth Mortgage, there is no cost for this service.
Applying is easy, just fill out the form below or contact us today!
Required Documents
There are a few documents that you will need to prequalify for a mortgage through Equisouth Mortgage. Please be prepared to bring the following information on your very first visit to our office:
Identification
- Driver’s License
- Social Security Card
Documents
- Last Two Paycheck Stubs (all borrowers)
- Last Two Years W2‘s (all borrowers)
- Last Two Month’s Bank Statements (all pages – front and back)
- Last Two Years Filed Federal Tax Returns (including all schedules)
- Purchase Sales Contract (signed and initialed by all parties)
- Copy of Current Homeowner’s Insurance Policy
List of Don’ts
Once you’ve decided to buy a home or you have been prequalified, avoid the following to prevent any material change in your credit score:
- No new inquires on your credit report
- Do not incur more debt
- No late payments on any accounts
- Do not pay off collections or charged off accounts
- Do not consolidate your debt into one or two credit cards or close credit cards
- Do not make any unusually large cash deposits, unless they can be documented
- Do not make any large cash purchases which result in lowering verified bank balances
- No increases in balances on credit cards or lines of credit which would increase your minimum monthly payments
- Do not change jobs without notifying your loan officer
- If commission, bonus or overtime income decreases, notify your loan officer
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