800-573-6247

5955 Shiloh Rd, E, Suite 205, Alpharetta, GA 30005

“A Georgia residental mortgagee” #13475

About Us

Our Process

Pre-Qualify

This is the initial step in any mortgage process. It will give you an overall picture of your financial standing and help estimate how much home you can afford.

Note: This is not a Pre-Approval (see step 2)

To begin the process you will need:

 Your monthly income
 Your total monthly debt payments (auto loans, student loans, and minimum payments for credit cards)

Once you have this information, you can calculate it here or reach out to us if you need assistance.

 

Pre-Approval

A pre-approval means a lender has actually checked your credit, verified your documentation to approve you for a specific loan amount.


To begin the process you will need:


Proof of Income


 W-2 statements from the past two years
 Recent pay stubs
 Proof of additional income such as alimony or bonuses
 Last two years of tax returns
 Proof of Assets
 Proof you have funds for a down payment and closing costs (bank statements, investment account statements)
 If relative intends to assist you with a down payment, you will need a gift to prove its not a loan.


Employment Verification


Along with pay stubs, a lender may want to manually verify your employment by calling your employer. If you are self employed you will need to present additional paperwork regarding your business and income.


Documentation


 A copy of your drivers license and Social Security Number.


Be prepared to quickly provide additional paperwork requested by the lender. Faster they get what they need the smoother the process will be. Once you are pre-approved, you and your realtor will receive a notification indicating so. Now you can confidently begin making offers on prospective homes.

 

Approval

Now you've found a house you'd like to purchase. Most of this will be handled by you realtor but this is what will happen next.


 Home will be inspected
 The seller will send us a sale contract
 Title insurance and other general paperwork will be prepared


During this process SouthPoint will notify you when as each milestone is met.