Apply & Get Pre-Approved for a Mortgage Today!
Thank you for considering Mid Valley Financial to assist with your mortgage needs.
Our team is here to help get your real estate loan questions answered and remove any of the obstacles that could hinder you from reaching your goals.
Depending on your current circumstances and how soon you'll need the funds to complete your transaction, we offer two simple, no-obligation options, to guide you in the right direction.
OPTION 1: MVF's “Quick Pre-Qualification form”, is the fastest way to find out if a real estate loan is feasible or makes good financial sense. This process will connect you and a licensed loan officer to evaluate your situation and you'll be provided clear guidance on how much you may qualify for and which loan options are the best fit. While getting pre-qualified can reveal if there are any challenges that you'll want to address before submitting a formal application, due to the limited information collected and the lack of underwriting, if you are shopping for a house, considering placing an offer, want to refinance or use the equity in an existing property, you'll want to proceed with option two.
OPTION 2: In the ideal world, this is where every borrower will need to start. Submitting a formal loan application and the required documents, will provide active real estate shoppers, homeowners and business owners the knowledge required to make sound financial decisions. Not only will they discover how much can be borrowed and what it will cost(based on the day's current rates), a borrower will also know how quickly they can get the funds needed and be eligible to get a formal letter of Pre-Approval. While this does not put the funds in your name, it will allow you to move forward confidently knowing that when your offer is accepted or you want the contractor to start building, you will be able move forward.
Once Mid Valley Financial has given you the green light, custom-tailored approval letters can be furnished in a matter of minutes, aligning with what you'd be willing to pay for a given property. (While we can provide a maximum eligibility letter, clients of MVF have had great success presenting a letter that equals their offer or reflects the maximum they'd be willing to pay.)
Simply click the option below that works best for you and a loan officer will be in touch shortly.
What docuements are typically required for a formal loan approval?
You can expedite the loan approval process, by submitting the applicable documents from the following list.
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- Copies of a valid driver's license or state-issued ID card.
- Copies of pay stubs for each applicant, reflecting a minimum of 30 days of income
- Names/addresses of employers for two years
- W-2s for the two most recent years
- One to two years of tax returns (all forms and schedules)
- A completed and signed Form 4506-T or 4506T-EZ.
- Bank statements for two to three months
- If self-employed, year-to-date profit and loss statement, plus signed returns for the last two years
- Proof of pension income, if applicable
- Social Security and Disability payments, if applicable
- Dividend earnings
- Bonuses
- Child support or alimony payments (optional for you to disclose)
- A copy of the earnest money deposit check
- Information on debts such as car loans, student loans and credit cards
- Investment accounts (stocks, bonds, life insurance)
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- Concerned about receiving unsolicited calls from other lenders? Protect your privacy with the free service provided at OptOutPrescreen.com. Please note that it may take up to 5 business days for your opt-out request to take effect.
- When you apply with Mid Valley Financial, you can rest assured knowing this will not instantly trigger these solicitations. Your privacy is a top priority for us, and we're dedicated to safeguarding your personal information.
- Unsure what's on your credit report? You can find out for free at AnnualCreditReport.com. (Under federal law, you are allowed one free copy of each of your reports every year. This means you can order your reports from TransUnion®, Equifax® and Experian™ at no cost every year.)
- Please note that these individual reports are not the same as a Tri-Merge credit report. They won't provide you with your actual FICO® score, which is used by 90% of all lenders, including Mid Valley Financial, to determine a borrower's creditworthiness.
- Typically, the free credit score offered by your bank, credit union, or credit card company won't match the score provided to lenders by Fair Isaac. However, if you're feeling proactive, you can obtain your FICO® score for a fee by visiting myFICO.com.
- Do keep in mind that all lenders will pull their own reports. Our team is always happy to discuss your credit report in detail and guide you through the steps to increase a low credit score if it's hindering your path to homeownership.
