If you are in the process of buying your first home, you may think it’s as simple as finding a monthly mortgage you can afford. However, there are costs associated with buying a house that go beyond your mortgage payment, and they are referred to as “closing costs.” Today on the blog, our team at […]
Tag Archives | conventional loan
Everything You Need to Know About Closing Costs
FAQs about Conventional Home Loans
Do you plan on buying a home this summer? Maybe you’ve found the right home but are now trying to decide which type of financing is right for you? A conventional home loan is a wise decision for Indianapolis home buyers, but how do you know if it’s right for you? Our team at GVC […]
Which Type of Mortgage is Right for You?
So you’re thinking of buying a home? Congratulations! Most people associate the home buying process with calling a realtor, finding the perfect home, negotiating the deal, having inspections performed, and then setting a close date. Just as important, however, is deciding which mortgage is right for you. A little proactive planning can help you accomplish […]
Conventional vs. FHA Loans
You’ve been looking for a new home and considering the possible ways to finance it. You know you’ll need to take out a mortgage and have narrowed it down to either a conventional or FHA loan. However, you’re having some trouble deciding which one is best. First, we recommend that you set up a time to […]
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Required Documents
- 2 most recent paycheck stubs
- 2 months of bank statements (checking, savings, etc.)
- 2 years full federal tax returns (including W-2s and 1099s)
- Copy of your driver’s license
- Insurance agent contact information
If applicable, the following items will also be needed
- Divorce decree
- Bankruptcy papers
- Proof of child support
- Awards letter (social security and pension)