Have These Items Ready When You Apply For a Loan
It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getting answers quickly so alternate documentation has become more widely used. Alternate documentation means that underwriting answers can be obtained with information supplied directly from the borrower instead of waiting around for verifications to come back in the mail.
The following is required for most standardized loans as part of alternate documentation processing. Items may differ according to whether your loan is a conforming (Fannie Mae or Freddie Mac), non-conforming (jumbo) loan, government loan, or a portfolio loan.
Verifications are still mailed out, but usually as part of quality control procedures.
These are the things you need to supply to your lender to get a quick approval using alternate documentation
Amelia Island Homes for Sale. Search Amelia Island MLS.
Amelia Island REALTORS® CENTURY 21 John T. Ferreira & Son, Inc.
500 Centre Street Amelia Island Fl 32034
Serving Amelia Island, Yulee FL, and Fernandina FL
©2018 Century 21 John T. Ferreira & Son, Inc. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 John T. Ferreira & Son, Inc. fully supports the principles of the Fair Housing Act and the Equal Housing Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.
Amelia Island Board of REALTORS ® MLS© 2019. All rights reserved. Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the site, listing broker(s), nor Amelia Island Board of REALTORS ® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for "scraping" and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Listing information last updated on 2019-07-17.