The preapproval process begins with a completed loan application.  If you’d like to have a conversation before doing your application, please give us a call and we are happy to answer any of your questions beforehand.  Many of your questions will be answered on this page.

Complete your application by clicking HERE.

Once you click on the application link, you will see a dialog box.  You will 1st need to click Create Account, then choose a user name and password, and verify your email address.  In the future when you see this dialog box, you will use your Username and Password to Log In to your application, where you will be able to sign disclosures and upload documents.

The application will take about 20 minutes to complete.  We will pull your credit report, analyze your application and then call you to review, fill in any blanks, and make sure we have a clear understanding of your goals.

At this point you will be preapproved – the process can take less than hour for some borrowers, from start to finish.

Once we have completed your pre-approval, we will be able to tell you your maximum purchase price based on your preferred financing strategy, and will prepare a Loan Summary worksheet detailing your down payment, closing costs, and monthly payment for your price range.  We will send you this Loan Summary worksheet, along with a generic preapproval letter for your maximum desired purchase price, and we will copy your realtor so we are all on the same page.

With this information, we will be able to make suggestions that are appropriate for you, provide you with accurate rate quotes, and write pre-approval letters as you need them.  We normally write a preapproval letter for each offer, with the specific property address noted in the letter.

When you are ready to make an offer on a specific property, send us the property address  we will write a pre-approval letter specific to the property, which your realtor will provide to the sellers with your offer to purchase.

Suppporting Documentation to Upload to your Application

For all borrowers:

  1. Provide a copy of a driver’s license or government issued photo ID for each borrower
  2. Provide the most recent 2 months of bank statements for each bank account you will use for your down payment and closing costs.  We need all numbered pages.
    • If you plan to use gift funds, let me know this so we can determine eligibility

For salaried borrowers:

  1. Provide your most recent 2 years of W-2 Forms
  2. Provide your most recent 30 days of paystubs

For borrowers who are self-employed, contract employees, or part-time employees:

  1. Provide two years personal IRS tax returns with all pages and all scheduled schedules

If you own any part of a business or partnership:

  1. Provide two years of K-1 Forms – these will show your % of ownership
    • If you own 25% or more of any business or partnership, we will need 2 years of the business IRS tax returns

If you are retired:

  1. Provide your most recent Social Security Award Letter
  2. Provide award letters for any pensions or annuities you receive
  3. Provide 2 months of bank statements showing the deposited retirement income
  4. Provide 2 months of complete asset statements (or your most recent quarterly statement) for your IRAs if you are taking IRA distributions. Provide all numbered pages.

If you own rental property:

  1. Provide your most recent 2 years of personal tax returns
  2. Provide copies of your leases for each property you own

If you pay or receive marital support or child support:

  1. Provide a copy of your divorce decree or separation agreement.
  2. If you will use maintenance and or child support as qualifying income, the payments must continue for at least 3 years.
  3. You will need to provide evidence that you have received the payments on time for 6 to 12 months (varies).

If you are separated:

  1. Provide a copy of a recorded separation agreement if you have one.
  2. Provide your Free-Trader Agreement.

If you are not a US Citizen:

  1. If you are NOT a US citizen, provide a copy of your green card (front & back).
  2. If you are NOT a permanent resident alien, provide us with your H-1 or L-1 visa.  Ask me about other visas.
  3. If you have DACA status, provide your Employment Authorization Document (EAD)

What to do with your documentation:

  1. You can begin assembling these documents on your computer as electronic files, such as .PDF files.
  2. When you complete your loan application, you will be able to securely upload your documents directly into your application.
  3. You can also email documents that are password protected.  Email me the password in a separate email
  4. You can fax documents directly to my eFax number: 919-869-1510


What happens next?

Once you are preapproved, we will write preapprovals for your offers as you make them, and answer your questions about financing various properties.  Once you are under contract, we can move on to the next step.

Once you have sent us a fully signed purchase contact, we can lock your interest rate, order your appraisal (if required) and begin working on getting your loan fully approved for your closing date.

My team and I will work with you, the underwriter, closing attorney, appraiser, insurance agent and realtor to obtain your Loan Approval, and get you to the closing table as smoothly as possible!

On closing day, you will meet with your attorney to sign the final loan documents, and the home is yours as soon as the deed is recorded!