Katie Saxton, REALTOR®

📞 214-793-5344

📧 [email protected]

Lending & Financing Information

Katie Will Help You Along Through Every Step of the Way!

Applying for a home loan can be an intimidating process. Making sure to do some planning and having an experienced team to guide you through this process from start to finish is key!

Katie has an outstanding lender that she has worked with over a decade. The entire process is explained, your questions will get answered, and you'll be taken from YOUR APPLICATION TO THE CLOSING TABLE!

The Process of Getting a Loan

Application Process
Pre-Qualified Letter Issued.
Appraisal
Clear To Close

Common Loan Qualification Factors

Credit Score and History: An applicant's credit score is one of the most important factors a lender considers when evaluating a loan application. This is based on factors like payment history, amount of outstanding debt and length of credit history.
Income: Lenders impose income requirements on borrowers to ensure they have the means to repay a new loan. Evidence of income may include recent tax returns, monthly bank statements and pay stubs.
Debt To Income Ratio: or DTI is expressed as a percentage and represents the portion of a borrower's gross monthly income that goes towards the monthly debt and predicts a prospective borrower's ability to pay the loan back.
Down Payment: Your down payment is the sum of cash you commit upfront toward your loan. Your down payment will affect your loan to value ratio.