Considering to acquire your first property as your primary residence, vacation home or as an investment through financing options? We have all the details for you.

Things to keep top of mind when applying for finance assistance:

Immigration Status

Employment History

Source of Income

Credit Score/History

Available funds to cover transaction expenses.




Immigration Status, this will help determine the type of financing available to apply, we must show the bank the documents to support it, whether it is a green card, VISA or work permit.

Employment History, we must show the bank a work history of at least 24 months, it does not necessarily have to be within the United States, but everything must be verified.

Source of Income, this will determine how the income is calculated as the base to understand the buyer's payment capacity, according to the type of financing. NOTE: if you are an independent contractor or business owner, two tax returns under the same branch will be required.

Puntaje de crédito, It is essential to have a credit score built as well as demonstrate good credit history (this includes payments made, what the balance of open accounts are, the number of open accounts, the age of those accounts, among others). This will show the lender how trustworthy our profile is as well as determine the loan interest rate.

Available Funds/Savings/Assets, In this type of transaction, you must cover the down payment/initial of property value, as well as any closing costs and inspections, among others. Although there are financial assistance programs available, they aren't always affordable to get the best financing terms. The ideal scenario is to apply for a product without financial assistance. The down payment percentage will depend on the type of financing. Closing costs are the sum of fees of all the parties involved in the transaction.

Basic Requirements:

ID.

Immigration Status Documents.

The two most recent tax returns.

W2/1099 for the last two years. Social Security Card.

The two most recent bank statements.




Additional conditions apply on a case-by-case basis.