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Getting Approved

Steps to Getting Approved for a Home Loan

Step 1: Contact a Century 21 Mortgage Advisor, or any other lenders of your choosing, and compare their loan programs and rates.

Step 2: Select a loan program that best suits your personal and financial needs. Consider such things as how long you plan on living in a home or if your income will be increasing or decreasing significantly in the coming years.

Step 3: Provide your lender with copies of the following information: 

• Last 2 years W-2 forms
• Most recent month's pay stubs
• Last two years' federal tax returns
• Your purchase agreement (if you already have it)
• Profit and loss statements (if you're self-employed)
• Most recent two years' corporate returns (if you own a corporation)
• Your last three months' bank statements on all accounts (to verify down payment)
• Bankruptcy papers (if applicable)
• Completed loan application.

Step 4: Wait. The loan process from start to loan approval for a typical loan transaction will take anywhere from one and a half to three weeks, depending on the particulars of your transaction and your lender.

For a fast pre-approval, contact your local Century 21 Mortgage Advisor or call CENTURY 21 Almar & Associates' Customer Service Center at 1-800-890-4018.