Pacific Sky Mortgage

When you work with us on the mortgage application process, we will help you figure out how much you can afford to pay monthly. This will determine how much your loan amount will be. You need to be prepared to figure out how much funds are available for a down payment and for closing costs.

In the past, applying for a mortgage used to be easy, through simple applications and lenders pulling your credit score. Nowadays, the process for the lender requires much more paperwork, and you need an experienced mortgage specialist to help you be successful through this process.

Required Documents
Step-by-Step Process

To get started, all we need are two pay stubs and one bank statement. Depending on your circumstances, we may also need the following items:

Last 30 days of pay stubs
Last two years of W-2's
Last two years of 1040's, Federal return only, all schedules
Last two months of bank statements, all pages
Last statement on retirement accounts, mutual funds, etc
Copy of driver's license(s) – for the Patriot Act
Copy of Social Security card(s)
Last mortgage statement(s) if a property owner
Declaration page(s) of home owner’s insurance policy if property owner

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1. 1. We start with a telephone interview to determine what your needs are and what you are looking for in a new mortgage.
2. 2. We collect the pertinent documentation and prepare a credit loan application.
3. 3. We will put together one or more choices of a new loan for you to review.
4. 4. We go over all the terms with you.
5. 5. We can meet in person if convenient or send you the necessary paperwork by a secure method.
6. 6. The paperwork is signed and initialed and an escrow is opened.
7. 7. Your loan is submitted and locked or floated as we strategize.
8. 8. The process from submission to closure typically takes about 4 weeks.
9. 9. During the loan processing period you may be asked for additional documentation.

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