ATTENTION: First time homebuyers
GET MORTGAGE-READY WITH CONFIDENCE
A Step-by-Step Guide to Preparing Your Credit, Income, and Assets
THE HOMEBUYER
STAGING PROCESS
Applying for a mortgage is like preparing for picture day—you want everything to be just right.
Our Homebuyer Staging Guide ensures your credit, income, and assets are presented in their best light to leave the underwriter with NO CHOICE but to approve you.
Steps to Staging Success:
Complete Every Section
Make sure your loan application is filled out thoroughly and accurately.
Gather All Documentation
From credit reports to income statements, make sure everything is ready for review.
When in Doubt, Ask!
Your Mortgage Loan Officer is here to answer any questions along the way.
Ready to take the first step toward homeownership?
YOUR LOAN OFFICER:
MORE THAN JUST PAPERWORK
Think of your Mortgage Loan Officer as your personal guide through the mortgage maze. From pre-approval to closing, we’re here to coordinate with realtors, attorneys, and you, making sure every detail aligns for a smooth path to homeownership.
THE FOUNDATION OF YOUR APPLICATION: CREDIT & FINANCIAL PREPARATION
The key to a strong mortgage application is a solid financial foundation. Our guide takes you through credit readiness tips, reviewing tradelines, and managing credit inquiries.
Credit Tips for a Strong Application
Pay Down Debt: No need to clear it all, but lowering debt can boost your credit score.
On-Time Payments: Never assume a 30-day grace period. Avoid late fees and protect your score.
Keep it Balanced: Avoid opening too many accounts. Use what you have wisely for the best results.
YOUR INCOME MATTERS:
MAKE IT COUNT
Stable income is a cornerstone of mortgage approval. Whether it's a traditional job, seasonal work, or self-employment, we’ll help ensure your income checks all the boxes.
Key Income Points:
A 2-year work history is ideal—even if you’ve changed jobs, continuity counts.
Overtime or bonus income needs to show a 2-year history for stability.
Self-employed? We’ll help make sure your business income meets lender standards.
SHOWCASING YOUR ASSETS:
PREPARE TO IMPRESS
Lenders want to see that you’re financially ready, and your assets play a big role in that. From your down payment to reserves, every dollar matters. We’ll help you position your assets to make the strongest case.
Down Payment
Know your loan’s requirements and be ready to cover your share.
Closing Costs
Don’t let unexpected fees surprise you. We break down typical costs.
Reserves
Some loans require extra savings. Whether it’s cash or stocks, be prepared to show you have backup.
PRO TIPS FOR
THE SAVVY HOMEBUYER
Gift Funds: If family is helping, we’ll guide you through the steps to document these funds properly.
SUSU and Alternative Savings: We support non-traditional savings methods—yes, SUSU can be used as down payment or closing costs with the right documentation.
Neighborhood vs. Affordability: Sometimes, you may need to start in a neighborhood within your budget and build equity to work your way up to your dream location.
WHY CHOOSE THE CARSON MORTGAGE TEAM?
Led by Shawn Carson, our team is dedicated to making the mortgage process as smooth as possible. We don’t just process loans; we strategize, advocate, and guide you every step of the way. With our promises to communicate weekly, close on time, and lock in fees, you can trust us to have your back.
Let’s make your homeownership dream a reality. Connect with us today to get started on your journey!
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