Save $$

What You Know Can Save You Time And Money

Before you start the loan process, you'll need to have some information at hand for all loan applicants:

Social Security numbers

Residence addresses for the past two years

Names and addresses of your employers over past two years

Your current gross monthly salary

Names, addresses, account numbers and balances on all checking and savings accounts

Names, addresses, account numbers, balances and monthly payments on all open loans

Addresses and loan information of other real estate owned

Estimated value of furniture and personal property

Certificate of Eligibility and DD-214, (for veterans only)

W2's for the past two yars and current check stubs

For self-employed individuals, you will need to provide personal tax returns for the past two years, current income statement and balance sheet for the business

In addition, you will need to pay for a credit report and appraisal of the property.

Special Programs

More than ever before - there are special programs to help get you into the home of your dreams — for LESS!

The AmeriDream, Inc. is designed to provide downpayment assistance to low and moderate income homebuyers who demonstrate the need for financial assistance. To use their program, Buyers must purchase a home enrolled in The AmeriDream downpayment Gift Program and qualify for a mortgage.

The Partners in Charity (PIC) is a non-profit corporation that promotes homeownership by offering down payment assistance programs to qualified low and moderate income homebuyers. This programs offers free gift funds to be used towards the down payment and closing costs for eligible FHA loan programs.

Consumer Debt Solutions, Inc. (CDS) is a non-profit corporation that promotes homeownership by offering down payment assistance programs to qualified low and moderate income homebuyers. This programs offers free gift funds to be used towards the down payment and closing costs for eligible FHA loan programs.

Officer Next Door This program offers law enforcement officers a 50 percent discount on HUD-owned, single family homes in certain designated revitalization areas. The homes become available to HUD after homeowners default on their FHA-insured mortgages. HUD will also reduce the down payment to $100 if an officer purchases a new home with an FHA-insured mortgage.

Teacher Next Door This program offers teachers a 50 percent discount on HUD-owned, single family homes in certain designated revitalization areas. The homes become available to HUD after homeowners default on their FHA-insured mortgages. HUD will also reduce the down payment to $100 if a teacher purchases a new home with an FHA-insured mortgage.

For more information on these and MANY other loan solutions, contact Tracy White at Golf Savings Bank for a free consultation.