Atlanta Home Buyers need to know...Part 4

Mortgage and Lending with First Guaranty Mortgage Corporation 770-634-4021 NMLS #206275

Atlanta home buyers that will be financing a home need to understand the mortgage underwriting process. 

For all financing programs, FHA,VA, USDA, Jumbo and Conventional loans, will all follow the same basic process. 

Once you have completed the application, a package will be sent that includes the 1003 mortgage application and the disclosures.  You will need to return these forms with your supporting documentation. 

Supporting documentation will be:

·        Last 2 year’s FEDERAL tax returns

·        Last 2 year’s W-2

·        Last 30 days pay stubs showing year to date income

·        Last 2 month’s bank statements (all pages)

·        Last 2 month’s asset statements (all pages)

·        Copy of your driver’s license

The underwriter will now compare the information on your application with the supporting documentation you provided and the outside verification of income, assets, employment and IRS tax records. 

If there are questions or discrepancies, you may be asked to provide additional information or a letter of explanation.

Atlanta home buyers that have pulled the documentation together prior to finding the right property will find the process much easier.

Atlanta Home Buyers need to know...Part 3

Atlanta Home Buyers need to know...Part 2

Atlanta Home Buyers need to know...Part 1

Posted by


If you found this blog valuable, please subscribe by clicking the button to the right.  If you are ready to talk about a mortgage, please click HERE to apply now.







Kathleen Sheehan
Senior Loan Officer



First Guaranty Mortgage Corporation®
280 Heritage Walk Suite B

Woodstock, GA 30188

NMLS #206275
770-634-4021  Cell

855-496-6722 Fax


Company NMLS ID 2917



What to learn more, Google Me!






The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
Almost Anything Goes
Posts to Localism
WeBlog Anything (almost)!
Dedicated Bloggers
atlanta home buyers

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

Kathy Sheehan

Senior Loan Officer
How can I help you today?
Spam prevention