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Rockford Illinois Mortgage Lender

Home Loans In Rockford, Illinois 

The bustling city of Rockford is famous for its cultural and historical significance, evidenced by the Rockford Art Museum, Anderson Japanese Gardens, and the Burpee Museum of Natural History.

The housing market in Rockford has been on fire in recent times. Amid the high prices of homes, houses in Rockford are selling fast. The city has experienced its fair share of housing frenzy, with new record highs in closing and reported inventory levels. 

So if you’re planning on moving to Rockford, you might need to start looking at what the market has to offer. More importantly, get your home loan application sorted out. Let’s go over the essential mortgage documents required to get you started. 

Home Mortgage Requirements In Rockford, IL

1. Proof of Employment

The primary thing lenders want to know here is that you have the income to support your mortgage payments. To that end, you’ll need to provide valid proof of employment, such as your 30-day payslips, last two years’ W2s, and employment verification letter or contract of employment. 

You’ll also need to have worked for at least two straight years before filing your loan application. Lenders want to see that measure of career stability before extending financing. 

2. Income Tax Returns

Showing your W2 and tax returns strengthens your position as a borrower. Lenders know that the IRS punishes people who file false returns. That’s why they put high regard on income tax returns. 

3. Bank Statements

Lenders sometimes want to know if you have enough cash in your savings or checking account to maintain a stable level of liquidity. Having large cash reserves can tilt your loan application in your favor because it tells lenders that you are financially buoyant enough to afford the mortgage repayments. 

4. Financial Statements (for Businesses)

Financial statements present your business’ profitability. As much as possible, lenders would love to see audited financial statements. However, it’s best to ask your lender for clarification since policies vary across lending companies.

5. Credit 

You can get a credit report from Experian, Equifax, and TransUnion —  the big three credit bureaus. Fees may apply when getting a copy. If you get a copy ahead of time, you can save more time and present it immediately upon application. 

However, keep in mind that credit reports are only good for around 120 days. Anything more, and you’ll need to apply for a new one. 

6. Other Documents Showing Proof of Ownership of Investments

If you own stocks, bonds, or real property, furnish a photocopy of ownership documents. Provide copies of stock certificates, bond certificates, and certificates of title alongside the application form. 

Aside from ownership documents, you can include proof of other income like dividends, interest income, or rental income. These additional sources of income can put you in a better position to secure the financing you need. 

Rockford, Illinois Mortgage Lender

Capital Home Mortgage is a trusted home loan lender and processor serving Rockford, Illinois. From application to funding, we manage the entire loan process. This allows us to offer competitive interest rates and convenient underwriting policies to delay your closing.

Are you a first-time borrower looking to secure an FHA home loan? Perhaps a US military personnel in need of a VA loan? Are you a high-net-worth investor looking to get a Jumbo loan? Capital Home Mortgage has the perfect mortgage product for your needs. We even have home loan programs for refinancing and remodeling your current home.  

Get A Home Loan In Rockford!

A home loan is the first practical step to reaching your dream of being a Rockford homeowner. Contact our mortgage experts today at (630) 339-3388 to get started with a no-obligation quote. 

Why Rockford is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Rockford Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Rockford Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Rockford Mortgage Rates

Capital Home Mortgage Rockford is dedicated to offering Great Rockford Mortgage Rates. 

Call now to speak with a Loan Officer or request a no obligation custom rate quote.

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Rockford Illinois Mortgage Loans

Rockford Home Purchases

Buying a Rockford Home?

  • Primary, 2nd, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Reno, Manufactured

Rockford Renovation Home Loans

Rockford Rehab Loans

  • Remodel, Renovate, Repair
  • FHA 203K Streamline or Full
  • Fannie Mae Homestyle Reno
  • Freddie Mac Choice Reno

Chicago FHA Home Loans

1st Time Rockford Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed

Rockford VA Home Loans

100% Loans for Rockford Veterans

  • Simply Qualifying
  • No Down Payments 
  • Lower Credit Scores Allowed
  • Manual Underwriting Allowed

Rockford Conventional Home Loans

Flexibility for Rockford Buyers

  • Primary, 2nd, Investment
  • Great Rates & Low Fees 
  • Single and Multi-Family
  • Renovation Loan Programs

Rockford Jumbo Home Loans

Great Rockford Rates

  • Primary & 2nd Homes
  • Higher Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Rockford USDA Home Loans

Rockford Rural Properties

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes
  • Closing Costs Can Be Rolled In

Rockford Native American Loans

Rockford HUD 184 Loans

  • Primary Residence Only
  • Manual Underwrite All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Rockford Manufactured Home Loans

Rockford Mobile Home Loans

  • Purchase or Refinance
  • New Home Purchase
  • OTC Combo Land & Home
  • FHA, VA, USDA, & HUD 184

Rockford Reverse Mortgages

Your Rockford Home at Work

  • Primary Residence Only
  • Simple Qualifying
  • Credit Scores Not Applicable
  • Minimum Age 62

Rockford Cash Out Refinance

Rockford Equity Refinance

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Rockford Mortgage Refinance

Rockford Rate & Term Refinance

  • Purchase, Refi & Cash-out
  • Primary, 2nd & Investment
  • Full Doc & Alt Doc Programs
  • Corporations OK

Rockford Illinois Mortgage Team

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