Can I Apply Now for a Mortgage Even Though I Do Not Have my Refund Yet?
- It is perfectly fine to apply for a mortgage loan when you don’t have your refund yet. At application we can just assume the amount that you will be receiving. As long as we can prove receipt of the funds in your account prior to the final underwriting approval.
During tax season, refunds help so many become homeowners!
- Down payment is one of the biggest obstacles for prospective first time buyers to purchase a home. But during tax season, many tax payers have more funds than any other time of year. So there is no better time to qualify for a new home! Quite often a tax refund may actually cover the whole down payment on a home purchase. Additionally there are several programs that do not even require a down payment. Even though down payment may not be required, assets help the strength of the borrower. Furthermore, tax refunds may be used as assets or down payment right away.