HomeMortgage Lender In Philadelphia, Pennsylvania

Philadelphia, Pennsylvania

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Mortgage Broker Lenders Philadelphia, Pennsylvania

Here is a checklist to help you apply for a mortgage in Philadelphia, Pennsylvania

Starting your journey to apply for a mortgage in Philadelphia, Pennsylvania? Here’s what all you should keep ready-

Apart from knowing the type of loan you want to apply for, like USDA loan or VA loan, there is something more that you would require.

Documents proving your income and debts will be required by Mortgage Lenders in Pennsylvania when you apply for a mortgage. Depending on your situation, you may need specific forms. Those who are self-employed, for instance, will have to provide different forms than those who are employed by an organization.

You can give your lender a good idea of your approval odds by providing them with recent pay stubs, bank statements, W-2 forms, and tax returns.

Mortgage Brokers in Philadelphia would be able to assess the borrower’s creditworthiness based on these documents. Even lenders can tell (borrowers) what they can and cannot do with absolute certainty using these documents.

Below are seven documents that you might need to apply for a home loan, depending on your financial situation.

1. Tax returns

For mortgage lenders in Pennsylvania, financial information is crucial. The best lender will probably need to see your tax returns, so you’ll have to sign Form 4506-T, which authorizes the IRS to request a copy.

Tax returns from one to two years are usually required by lenders. It is important that your reported earnings on pay stubs are consistent with your annual income in order to avoid huge fluctuations.

2. Proof of income

Most lenders and Mortgage Brokers in Philadelphia will ask to see your pay stubs from the past month or two. Pay stubs help them gauge your current earnings and give them an overview of your financial health. You may need to provide your lender with proof of income (such as 1099 forms, direct deposits, etc.) if you are self-employed or have other sources of income (such as child support).

3. Asset and bank account statements

Your bank statements and other assets may be taken into account when mortgage lenders in Pennsylvania assess your risk profile. Investing assets can be included as well as insurance, such as life insurance.

In case of an emergency, Lenders and Mortgage lenders in Philadelphia usually request these documents to ensure that you have a few months’ worth of reserve mortgage payments in your account. You must also show that your down payment has been in your account for at least a few months and hasn’t just appeared overnight.

4. A history of credit transactions

In order to assess whether you are a reliable borrower, lenders will often pull your credit report with your permission.

If your credit report contains any blemishes, you may need to explain them. Foreclosures and short sales are examples of blemishes.

It is important that you are prepared to explain any negative items found on your credit report. Lenders can then assess your risk level. Unavoidable circumstances may be viewed differently by lenders than habitual delinquencies.

5. Letters of gratitude

Buying a house with the help of your friends and family may be possible. In that case, you must provide written confirmation the money was a gift and not a loan. You should include the recipient’s relationship to you as well as the value of the gift in the documentation.

6. Photo ID

Your photo ID, such as your driver’s license, is likely to be required. Basically, it’s just to prove you are who you claim to be.

7. History of rentals

Buyers who don’t own a home usually need proof of their ability to pay their mortgage. If your landlord cashed the checks, you may need to provide cancelled rent checks from the past year. If you did not pay your rent on time, your landlord might ask for proof. In case you lack a lengthy credit history, consideration should be given to your rental history.

Have more questions? We can help you. Apart from helping you get the right mortgage product and making the process as it can be, we offer you every possible assistance so that you can easily get approved for a mortgage. We are the most trusted mortgage provider in Philadelphia, Pennsylvania.

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    Reviews

    The way of how they treated by the representatives was very professional. The staffs are friendly and patient to answer your questions about the home loans. I applied for my loan online and got it within a few days. If ever someone ask me if I know any reliable lender, i'll definitely tell them about this company!
    Margarita Carter
    Margarita Carter
    11:45 02 Dec 21
    I want to thank you for your help, and if ever I need another home loan in the future, I will contact you immediately.
    Pearl Mcdonald
    Pearl Mcdonald
    13:17 24 Nov 21
    This mortgage firm has provided me with excellent service. They are really knowledgable and are always willing to help, no matter how many questions you have!
    Jan Wallace
    Jan Wallace
    13:07 23 Nov 21
    The company is great because of their affordable and fast home loan services!
    roland pia
    roland pia
    10:00 22 Nov 21
    They were helpful, quick, and courteous to address all the concerns we had with our home loan. I’d definitely recommend them.
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    Norma Gray
    07:17 18 Nov 21
    I have recently availed of a home loan from them and am fully satisfied with the services offered by the best mortgage lenders. Based on my own good experience, I will refer my colleagues to take up home loans from them.
    Jan Fletcher
    Jan Fletcher
    11:52 03 Nov 21
    I am very happy with the service I received from these mortgage lenders. The people at this company were professional and fast in their response, and they worked to help me get a home loan when other lenders would not. Thanks a lot.
    Kristen Fisher
    Kristen Fisher
    06:52 28 Oct 21
    These mortgage lenders are fantastic. They are professional while also being quick and helpful. I used them to get a home loan, and they were extremely helpful throughout the process.
    Danielle Cruz
    Danielle Cruz
    04:34 28 Oct 21
    Great to work with! Easy going the whole time. Felt like I was not getting cheated on anything and was in the loop the whole time. Highly recommend them.
    Fred Dietrick
    Fred Dietrick
    09:55 21 Oct 21
    I was able to refinance through them very quickly and smoothly. We would like to thank our mortgage lenders for their excellent service and recommend them to anyone who is buying or refinancing a home.
    Tony G. Pierce
    Tony G. Pierce
    05:58 28 Sep 21
    I contacted this company regarding a conventional loan for a primary residence. The management team handled everything smoothly. Their knowledge is extensive. My life couldn't be better. You guys are awesome! Thanks a lot!
    Brenda R. Ambler
    Brenda R. Ambler
    09:39 16 Sep 21
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    Darren Ward
    Darren Ward
    07:53 08 Sep 21
    When I called them for a home loan, I was amazed at how quickly they responded. They are aware of their clients' needs and requirements, and they provided the best service possible. Overall, my experience with these top mortgage lenders was excellent. Strongly suggested!
    Elmer Nissen
    Elmer Nissen
    07:26 08 Sep 21
    The company is great! The VA loan process went smoothly. It is a super professional place, and they tend to your needs immediately. Anytime you need a recommendation, you can count on me!
    Jacqueline Green
    Jacqueline Green
    08:58 28 Aug 21
    Thank you, Lads. The mortgage brokers helped me to get a loan and also got the paperwork done. I would highly recommend this company!
    Deanna Lane
    Deanna Lane
    11:42 18 Aug 21
    We felt comfortable throughout the entire process because they were efficient, professional, and thorough. Their mortgage lending services are excellent.
    Vickie Martinez
    Vickie Martinez
    11:33 11 Aug 21
    Our entire refinancing process was exceptional, and we would like to acknowledge that. We were impressed with their professionalism and industry knowledge.
    Connie N. Bell
    Connie N. Bell
    11:49 05 Aug 21
    This mortgage broker was recommended by one of my friends. Finally, I found the most competitive rate here, and the entire loan process was simple.
    Mona Matthews
    Mona Matthews
    06:10 05 Aug 21
    A few months ago, I reached out to them and I was provided with prompt assistance. I am really impressed with their service!!✌
    Marie J.
    Marie J.
    11:15 21 Jul 21
    These top mortgage lenders helped me get my loan approved. My paperwork and application were handled by them. Thus my loan process went quickly and efficiently.
    James Parks
    James Parks
    05:40 19 Jul 21
    I got my loan approved by one of these top mortgage lenders. They helped me with paperwork and application submission. As a result, the loan process was quick and efficient for me.
    Leblanc Krueger
    Leblanc Krueger
    05:19 17 Jul 21
    My application got approval within couple of days. They were very helpful throughout the process...
    Joiner Bernice
    Joiner Bernice
    21:52 07 Jul 21
    The VA loan process provided us with exceptional service, and we would like to thank them for their assistance. We highly recommend them.
    Jeffery Valerie
    Jeffery Valerie
    15:34 06 Jul 21
    They always take the time to answer my questions and concerns.
    Sahina Rahi
    Sahina Rahi
    22:24 30 Jun 21
    PierPoint Mortgage helped me in getting the FHA loan. I want to thank them for this smooth procedure.
    hilai clinton
    hilai clinton
    16:32 21 Jun 21
    My house's reverse mortgage was made possible by these people in Philadelphia. Thanks, guys!
    Thalia Elizabeth
    Thalia Elizabeth
    19:42 17 Jun 21
    The best experience we could have wished for. The team at PierPoint Mortgage was attentive to us and got us across the line very quickly. We went from thinking about a home to these guys helping us to get the home loan. Would 100% recommend it!
    Delma Greenwood
    Delma Greenwood
    09:29 19 May 21
    Thankyou guys for such helpful advice. You guys are the best!
    Olivia G. Reid
    Olivia G. Reid
    22:13 06 Apr 21
    I can’t Thank PierPoint Mortgage enough for being so patient with the mortgage. The whole process was a breeze and I would highly recommend them. Thanks again for getting me a conventional loan for my house.
    Mike Funderburg
    Mike Funderburg
    22:33 24 Mar 21
    The team of PierPoint Mortgage is professional, fast to respond, and educated the client through the whole process. Now I can buy a house with the help of a conventional loan that this company has provided. I can't wait to work with them again!
    Patricia Herrera
    Patricia Herrera
    21:14 03 Mar 21
    From start to finish, their process had been amazing. I reached this company for a home loan and these guys served me best. I am truly satisfied. If you are also planning to build a home and looking for the best mortgage loan providers in the city, Pier Point Mortgage is the right option for you. I am happy with their service.
    Tony Pina
    Tony Pina
    20:21 24 Feb 21
    I was looking for a loan company who can give me a loan because I wanted to buy a new house in the area. My dad suggested me to get in touch with PierPoint Mortgage. They had very affordable interest rates and down payments and also the services of this company are really great.
    Tom Harris
    Tom Harris
    19:11 23 Feb 21
    The best company to take the loan from. PierPoint Mortgage is the best company with the best class services. They really help you to clear all your doubts regarding the loan programs.
    Victor Markham
    Victor Markham
    10:51 09 Feb 21
    Well done, team! I am glad that I applied for the reverse mortgage from this company. The whole staff was very kind and understanding. The best mortgage company PierPoint Mortgage is according to me
    Elizabeth Condie
    Elizabeth Condie
    11:09 19 Jan 21
    After serving in the military for a long period, I now needed a home loan so that I could build a house. Thanks to this mortgage company for introducing me to the right home loan that was a VA loan. These guys are truly commendable👏
    Alexandra Hernandez
    Alexandra Hernandez
    17:40 06 Jan 21
    Just got my reverse mortgage approved and it feels so good to be stress-free about my monthly bills which were hard for me to pay after my husband passed away
    Rebecca Stewart
    Rebecca Stewart
    09:58 18 Dec 20
    You guys made my dream come true and I can't be thankful enough for that. I would for sure recommend this company to everyone looking for a good mortgage broker in Philadelphia.
    John Powell
    John Powell
    11:30 04 Nov 20
    The guidance and help that I got from them were of great assistance to me in getting my mortgage get approved, despite a few stumbles along the way. They are very experienced and know the mortgage industry like the back of their hand.
    Henry Knox
    Henry Knox
    10:28 24 Sep 20
    It was an amazing experience with this company. I was so tensed because I knew nothing about home loans but I was in need of one. They helped me in every way they could and now I am happy in my new home. Thanks, team for the help.
    Christian Berry
    Christian Berry
    07:24 10 Sep 20

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    Our Philadelphia, Pennsylvania Office

    With 50 years of experience in the industry, PierPoint Mortgage is offering the finest mortgage services. We deal in various mortgage programs that will help you become a proud homeowner.

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    249 E Rockland St, Philadelphia,
    PA 19120, United States
    267-310-1588
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    PierPoint Mortgage, LLC, was founded in 2003 and had been offering brilliant services ever since. It is a nationwide mortgage broker that has over 50 years of mortgage experience.

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