Preferred Lenders: Loans for New Buyers
Buying a home is one of the biggest things you’ll ever do — but it doesn’t have to be the most traumatic. This is where a great agent and fabulous loan officer come in. There are 3 steps to buying a house: 1) Figure out how much you can afford 2) Get a loan pre-approval and 3) Look for a house.
I have 2 preferred lenders who have all been tested, vetted and gone through trials by fire. They are the best in the business. If you’re buying a home in Los Angeles, you won’t find better. Since they’ll be at your side every step of the way, you should have a chat with one or all 3 and determine who is the best fit. There is no cost or obligation to get a loan pre-approval.
Eddie Ajamian, Franklin Loan Center, Pasadena
626-219-7192 office / 626-826-5225 cell / 626-605-2500 fa
Scott Groves, Prospect Mortgage, Los Feliz
818-679-5188 cell / 877-808-9569 fax
How much home I can afford?
Start by using this home affordability calculator
Please put together the documentation below as it applies to your scenario.
- Please allow 15-20 minutes to take an application over the phone
- 2 years of W-2s for all applicants
- 1 month of Pay Stubs for all applicants
- 2 months Asset Statements for all accounts on your application (savings, 401k, etc.)
- 2 years of Tax Returns or if you’re a business, 2 years of business returns
- 2 years of Job History
It is a good idea to keep in mind that any new credit purchases, including co-signing for a family member, may impact your ability to qualify for your new home purchase. If you have the majority of the documents, please send them along and the rest can follow.