Buyers pre-qualification for when looking for houses to buy.

Buyers Pre-Qualification Form

This buyers pre-qualification form is designed to get a buyer(s) pre-qualified for one of our homes. It is extremely important that the person's income can support the requested monthly payment. A good rule of thumb is to take the person's income (If two are applying then both incomes) and divide it by 2. Take the resulting amount and subtract any other debt such as credit cards, car loans, medical bills (no food, telephone, cable, cell or any of the consumer type expenses).

If the resulting number is less than the future monthly payment, then please look for a lower payment plan or increase your income.

Total Income [minus] debt [minus] projected monthly payment [can't be greater than] 50% debt ratio.

Example: Total Income=5,000 Total debt = 500 Expendable income =4500 Divide 4500/2 = Max payment = 2,250

Buyer's Pre-Qualification Form

Please note that all fields followed by an asterisk must be filled in.

Borrower's Name*
Borrower's Name*

Date of Birth (mm/dd/yyyy)*
Date of Birth (mm/dd/yyyy)*

Borrower's SSN*
Borrower's SSN*

Borrower's total monthly income?*
Borrower's total monthly income?*

Co-borrower's Name

Co-borrower's date of birth (mm/dd/yyyy)

Co-borrower's SSN

Co-borrower's total monthly income?

Total all monthly debt (loans, credit cards)*
Total all monthly debt (loans, credit cards)*

Email address

Home phone number?*
Home phone number?*

Other phone number?

Fax number?

Present address?*
Present address?*

City, St and zipcode?*
City, St and zipcode?*

Property type you want?*
Property type you want?*

Other requirements? How many bedrooms, bathrooms, garage, sqft, pool, fenced yard, etc. Be detailed. Type a lot!*
Other requirements? How many bedrooms, bathrooms, garage, sqft, pool, fenced yard, etc. Be detailed. Type a lot!*

Address of the home you want, if known? Tell us the complete address, city, state, zip of the home you like. If for sale by owner, tell us the name and phone number if known.

Are you a first time buyer? Or last owned 3 years ago?*
Are you a first time buyer? Or last owned 3 years ago?*

	Yes, first time buyer or non-owner in the last 3 years.
	No, not first time buyer.

What is your current housing situation? *
What is your current housing situation? *

If renting have you been 30 days late or more on your rent payment in the last 12 months?*
If renting have you been 30 days late or more on your rent payment in the last 12 months?*

If renting, what is your current rental payment? *
If renting, what is your current rental payment? *

Price of home you like if known?

Target Home Price?

Target down payment?

Target monthly payment?

Credit rating?*
Credit rating?*

Tell us about your current jobor any other comments regarding your credit,situation or comments in general. How long at the job, if not 2 years, where did you work before. Give as many details as possible. *
Tell us about your current jobor any other comments regarding your credit,situation or comments in general. How long at the job, if not 2 years, where did you work before. Give as many details as possible. *

How fast you need to buy?*
How fast you need to buy?*

	As soon as possible
	In the next 3 months
	In the next 6 months
	Within a year

Best time to call?

I hereby grant permission for HomesLocally.com and/or its third party lenders and facilitators on their to obtain all information deemed necessary to process my mortgage loan application. This information includes, but is not limited to, my past and present employment status, my deposit accounts, my past and present consumer credit record, my mortgage record and/or my rental record.

Authorization to Pull Credit

	Yes, you can pull my credit.
	No, call me first!

Name of Person completing this form?*
Name of Person completing this form?*

Please enter the word that you see below.

Privacy Policy: We hold your personal and financial information privately and will not share any portion of it to anyone. It will be used only for the intended propose and used with our lenders only after you have agreed to in writing.

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