What are the essentials for getting a loan? Want to get the process rolling, but don;t know where to start...I'm confused

Best way is to gather up your income documentation and go see a mortgage loan originator. If you need a recommendation for a successful loan officer, I would recommend speaking to local realtors and get a referral.

We start with a loan application and we pull credit. If we have a score we can work with then we move forward with obtaining income documents, such as tax returns, W2s, 30 days of pay stubs, 2 months bank statements, and a copy of DL and SSC, so that you are protected from someone else claiming to be you. Are you planning on looking in SC or are you moving?

The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Charles, there are various forms of documentation required for the process depending on the program you are using to get financing. In relation to credit score and job history certain lenders including ourselves go down to a 580 score and the time on the job would depend if you have been in the industry for a while or not.There are a lot of details to go over and your initial application is a good starting point to allow a lender to make some suggestions and advise you what you might qualify for in the area you are buying. Items should be covered including out of pocket expenses and the payment associated for certain price points. If you are a first time Homebuyer Homestar Financial is set up with SC Housing for down payment assistance programs that can give down payment money to help with things. Depending on your household income it would determine if the assistance money would be forgivable or repayable. Give us a call today as we are local here in South Carolina. 864-386-4338. (Text ok) Robert.tyree@homestarfc.com

I'll be happy to send you a general "first steps" list that I provide prospects who aren't quite ready or want to make sure first. pdumouchel@primelending.com - it looks like you are also in SC, I'm in Charleston area.