Conventional (FNMA/FHLMC)
At a glance
- Typical qualifications and documentation vary by lender and program rules.
- Property type, occupancy, and credit profile matter.
- We’ll confirm eligibility and next steps during a call.
Basic qualifications (typical)
- Meet lender/agency credit and income requirements.
- Down payment and reserves vary by occupancy and property type.
- Property must meet appraisal/underwriting requirements.
Property types that may work
- Primary residences
- Second homes (guidelines vary)
- Investment properties (guidelines vary)
- Some 2–4 unit properties (guidelines vary)
Typical documentation checklist
- Photo ID
- Income documentation (paystubs, W‑2s, tax returns depending on income type)
- Asset documentation (bank statements; source of funds for down payment/closing costs)
- Property documentation (purchase contract if buying; insurance quote)
- Credit authorization and explanations if needed
- Program‑specific items (below)
Tip: For privacy and security, do not email SSNs or sensitive document images. Use a secure portal for sensitive info.
Program-specific documents / notes
- Homebuyer education may be required for certain affordable programs (e.g., HomeReady® / Home Possible®).
- Gift documentation may be required if using gift funds.
- Self‑employed borrowers often need tax returns and business documentation.
Questions? Call (530) 238-5739 or email [email protected].