THE LOAN PROCESS
The Newport
Capital Loan Process is designed to be easy and efficient.
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1. Upon receipt of your online application, we will qualify you and
issue a pre-approval.
2. You will be contacted by a loan officer, who will discuss the terms of your mortgage,
including rates and costs.
3. Upon acceptance of our offer, an appraisal will be ordered and a list of all required
documents will be given to you to return to Newport.
4. After receipt of all required documents the application will be under written and final
commitment will be issued by our investor, and a closing will be conveniently arranged for
you.
5. The whole Loan Process is usually accomplished within 14-21 days of receipt of the
original application. |
| Required
Documentation |
Full Income - Salaried
 Contract of Sale
2 years W-2's
2 most recent pay stubs
2 months asset statements
Signed application and disclosures |
- Full Income - Self Employed
Sales Contract
- 2 year 1040's
Current P & L year to date
2 month's asset statements
Signed application and disclosures.
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- No-Income
Contract of Sale
2 month's asset statements
Signed application and disclosures
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- No-Documentation
Contract of Sale
Signed application & disclosures.
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| Copyright
© 1999 Newport Capital |
