1111 Ski Run Blvd #Ste B
South Lake Tahoe, CA 96150
Phone (800)542-9285   Fax (530)542-9290


Overview of the Loan Process

  • A. Shop for the BEST RATES (compare our Good Faith Estimate to any lender) in California or Nevada You will save thousands of dollars)
  • B. Gather your financial data. You may use the following Check list

    • Application Check list for Conforming and Non-Conforming Loans

    For Purchases

    ___1. Last 2 yrs. W-2 Forms
    ___2. Copy of 2 Most Recent Pay stubs
    ___3. Last 3 Mos. Bank Statements
    ___4. Last 3 Mos. Brokerage Statements
    ___5. Copy of sales contract
    ___6. Landlords name and Phone Number

    For Refinance

    ___1. Last 2 yrs. W-2 Forms
    ___2. Copy of 2 Most Recent Pay stubs
    ___3. Last 3 Mos. Bank Statements
    ___4. Last 3 Mos. Brokerage Statements
    ___5. Copy of Deed
    ___6. Copy of Survey
    ___7. Copy of Owners Title Policy
    ___8. Copy of Home Owners Insurance Policy

    Additional Info for Self Employed and Commissioned

    ___ 9. 2 yrs. Tax returns Complete w/supporting Schedules and Signed
    ___10. Current P&L & Balance Sheet and Corporate Financial Statements
    ___11. 2 yrs Corp. Tax Returns W/supporting Schedules


  • C. Complete our pre-qualification application form
  • D. America's Discount Lenders will obtain credit report and property appraisal
  • E. America's Discount Lenders may verify data provided on income and assets
  • F. The loan is submitted for underwriting and approval granted
  • G. Title work is completed on the property
  • H. Funds are disbursed at "closing" on purchases. After 3 days on Refinance.

    • Note: Closing processes vary materially between States
    The process of obtaining financing may begin even before you locate the property you wish to purchase. We offer mortgage products which allow you to be pre-qualified for a maximum loan amount.Generally, all lenders will require the same information to process your mortgage loan. The following is a list of the questions you can expect when you are contacted by us.

  • 1. Do you plan to live in the property?
  • 2. Is the property a single family home or a condo?
  • 3. Where is the property located?
  • 4. What is your (and any co-borrowers) gross monthly income?
  • 5. Do you routinely receive overtime bonuses?
  • 6. If self employed, what is your net income?
  • 7. What monthly financial obligations do you have?
  • 8. How much cash do you, or will you have, to invest in the transaction yourself?
  • 9. Be prepared with explanations of any credit problems within the last two years.

    AmericanMortgageBestRates.org
    1111 Ski Run Blvd #Ste B
    South Lake Tahoe, CA 96150
    Phone (800)542-9285   Fax (530)542-9290