Buying Your Home
Melisa Jones
BranCh Manager | nMLS# 965518
I have been in the mortgage industry since 2006 and currently rank in the Top 1% of Mortgage Professionals in the Country.
I originally went to college with hopes of being a teacher but I quickly learned that I’m most passionate about helping people with their finances. After buying my first home, I realized that most banks treat their clients like transactions and they aren’t offering guidance or education and I set out to do mortgages differently. I also volunteer at a local High School, with their Varsity Volleyball Team as their Assistant Varsity Coach.
I have a husband and two daughters, who also keep me very busy!
Our Team
Paige Westhoff TeaM Lead/Loan offiCer aSSiSTanT
Douglas
Lead Processor
Our Goal
Lori Harmon Loan offiCer aSSiSTanT
Our Process keeps everything organized and everyone informed.
• Texting Is Quick But Information Gets Lost.
• Phone Calls Are GREAT To Explain Complex Ideas. More Personal
• Email Is Best: REPLY ALL Is Great.
• Lots Of Paperwork - Documents Need To Be Sent In As Requested.
• No Screenshots
• Photos Can Difficult
• Web Pages Need A Url
Dawn
Credit Income Assets
Requirements for Loan Approval Credit Credit
• Credit Score is Important!
• But we also need to know about:
• Judgements
• Bankruptcy
• Foreclosure
• Delinquent Federal Debt - Payment Plans
• Disputed Accounts and Authorized User Accounts
Debt-to-Income Ratio
Please Confirm the Following:
• You are a Permanent/Full-time Employee
• Are you paid Hourly or Salary?
• Relocation? Job Changes?
• Self-Employed Income – please do not file your tax returns during this process
• Grants and VA loans – additional household income or residual income
We need to account for all liabilities, that can include:
• Mortgage/Rent
• Student Loans
• Credit Cards
• Collections
• Child Support/Alimony
• IRS Payments – Past Due Taxes
• Childcare (VA Only)
• NEW ACCOUNTS
Down Payment Options
• 0% Down
• 3% Down
• 3.5% Down
• 5%-20% Down
• >20% Down
Conventional
• Renovation
• New Construction
• Jumbo
• Portfolio
• Grants and Down Payment Assistance
• NAF Cash
Payment & Down Payment Scenarios
• Principal & Interest
• Real Estate Taxes
• Homeowner’s Insurance
• Private Mortgage Insurance (PMI)
• Homeowner’s Association Fees (HOA’s)
Strategies & Getting Your Offer Accepted
• Normal Contingencies
• Inspections/Title/Insurability
• Financing Contingencies
• Loan Type/Down Payment/Appraisal
• Local Lender/Pre-Qualified vs Pre-Approved vs Unwritten
• NAF Cash - Our Cash Buyer Program
