tips getting home loan fast

First Time Home Buyer

Tips for Getting a Home Loan Fast

It always happens like this. Our dream home goes up for sale and we need a home loan fast. It’s not an easy thing to do but, at the same time, not impossible. There are some steps you can take to get your home loan set up quickly. And working with a trusted lender like Mortgage Solutions Financial is a good place to start!

How to Get Your Home Loan Fast

If you want to get a home loan faster than normal, you will need to be efficient with your time and smart with your decisions. Things like being prepared with paperwork, confirming your credit score, and making no major life changes are great ways to speed up the process. 

Have Your Paperwork Ready

There is a lot of paperwork that your lender is going to want from you. If you have it all ready to go before you apply, you’re going to be one step ahead of the game for getting a home loan. Your lender is going to want you to gather things like your W2s, pay stubs, investment information, bank account statements, etc. If you’re self-employed, you may be required to provide your tax return information, 1099s, business license, and/or profit and loss statements. 

Check Your Credit

Your credit score plays an important role when it comes to applying for loans. The better your score is, the easier it will be to get the loan approved. It’s not uncommon for there to be inaccuracies on your credit report so checking your FICO scores ahead of time is important to make sure things are in a good place. If there are errors on your credit report, you’ll want to dispute these. Many credit card companies give their customers free credit checks. All you have to do is login to your account online to get started. Keep in mind, the score you see online may be different than what your lender sees. 

Keep It Consistent

Anything that could potentially damage and affect your credit score is something you want to avoid. During this time, you don’t want to open new lines of credit, quit your job, not pay your bills on time, make major purchases, etc. These are all things that could damage your chances at getting a home loan fast, and slow down the process.


Get Started Today

Here at Mortgage Solutions Financial we certainly know how important it is to get things done efficiently. We will do everything we can to help you get a home loan quickly so that you have the best possible chance at getting that dream house. Call today to get started with the process.