Most likely delays & how to avoid them:
All pages - please provide all pages of documents you are submitting. If it says 1 -5 please provide all 1 -5 even if the last page is blank. And do not black out anything as this will only raise questions.
IRS - with government regulations we are required to verify the income document you submit to us with what the IRS has. To do this we submit a request for tax transcript to the IRS. This can become a delay; most common is the address on our document doesn’t match the address you show on your tax returns… if you have moved or used a po box or work address.
Appraisal - we recommend that we order the appraisal asap in the process to ensure there is no delay. The appraisal process can take 5 to 7 business days.
Inaccurate info - We need accurate income info, work history and asset information. Please talk with is about anything you are concerned with and we are happy to work through it. We will find out the information and we would rather find out upfront rather than at the end of the process.
Close timeline - When writing an offer to allow enough time to do you due diligence. We recommend at least 30 days but be mindful of the weekend and the day you submit the offer
We are excited to tailor a home loan strategy for you!
