Jimmy Vercellino is an experienced Phoenix mortgage lender. He and his team work hard to provide a timely, efficient and excellent home loan process for buyers. As a loan specialist, Jimmy manages the entire process for his clients, making the home buying experience a pleasure instead of filled with stress. Visit http://phxhomeloan.com The Vercellino team operates a boutique-style mortgage branch with a specific culture centered around “serving families”. He is able to originate loans in 46 states and his bank maintains a full line of conventional, government (FHA and VA) and jumbo loan products. He has received several loan production awards including National Top 1% Mortgage Broker Award. Phoenix Mortgage Lenders Jimmy V NMLS# 184169 5050 North 40th Street Phoenix, AZ 85018 480-800-8387 Jimmy@phxhomeloan.com

4. A Federal Housing
Administration (FHA)
loan is one option
that can help you
secure the financing
that you need to buy
a house.

5. When you know that
an FHA loan is the right
choice for you, getting
prequalified helps you
to start your search for
a house …

6. … with an
understanding of how
much house you can
afford along with the
proof you need to show
that you are a serious
buyer.

7. The process to apply
for prequalification on
an FHA loan is
straightforward, and
you can simply follow
these steps to get
started.

8. DETERMINE IF AN FHA
LOAN FITS YOUR NEEDS

9. With so many types
of loans available,
you may want to
double check with
your mortgage
lender to make sure
that an FHA loan fits
your financial goals.

10. Since the Federal
Housing
Administration
insures this loan,
lenders are more
likely to allow you to
have a slightly lower
credit score than
other types of loans.

11. You can also enjoy
other home loan
benefits such as
having lower closing
costs and a down
payment of as low
as 3.5%.

12. GATHER YOUR
FINANCIAL
INFORMATION

13. After you apply for
prequalification, you
can expect that your
financial history will
be scrutinized.

14. For this reason, you
will need to have
multiple essential
documents on hand.

15. For instance, you will
need to verify your
income by bringing
paystubs or copies of
your past year’s
income tax
statements to your
initial appointment.

16. You may also need an
employment
verification filled out
by your employer.

17. Depending upon your
circumstances, you
may need to have a
divorce decree and
documents that
pertain to your assets.

18. For example, you may
need the deed to any
other properties that
you own.

19. As with any other type
of financial application,
you will also need to
bring proof of your
identity such as your
driver’s license and
social security card.

20. Since having all of your
documents ready to go
makes the process go
faster, be sure to ask
the mortgage lender
what to bring before
your appointment.

21. WORK WITH AN
ARIZONA
MORTGAGE LENDER
TO APPLY FOR
PREQUALIFICATION

22. A qualified mortgage
lender will look
through all of your
paperwork and help to
make sure that
everything is in order
for the application.

23. Once your application
is processed, you will
then be told whether
or not you are
prequalified.

24. If you are prequalified
for a mortgage loan,
then you will typically
be informed of an
approximate amount.

25. If for some reason you
are not approved, then
the lender may make
suggestions to improve
your financial standing.

26. For instance, you may
need to reduce your
debt-to-income ratio to
be eligible for the loan.

27. With your
prequalification
amount in hand, you
can then begin to look
for a house that falls
within the range that
you can afford.

28. Once you find the right
house, you then
continue the process by
filing with the lender
for a final approval for
the loan.

29. FHA loans offer many
benefits to
homebuyers, especially
if this is your first home
or you require the
option of a low down
payment.

30. Prequalification lets
you know how much
of a loan you can get
so that you can match
it to the houses that
you view.

31. Working with a
mortgage lender like
First Choice Loan
Services allows you
to quickly work your
way …

32. … through the process
of becoming
prequalified so that you
can move forward with
your search for a new
house.

33. Let the Vercellino team help you
through the prequalification process.
We are highly motivated and truly
dedicated truly dedicated to our
clients!

34. Jimmy Vercellino, an experienced
professional with mortgage lender First
Choice Loan Services, works hard to
provide a personalized home loan
process for you.

35. Options include FHA and VAloans,
fixed / adjustable rate mortgages,
Jumbo loans and more.