Get Borrower Pre-qualification Worksheet Pre-qualification Fax

The borrower pre-qualification worksheet is an essential document for individuals seeking financing options. This guide provides clear instructions to help you accurately complete the form online, ensuring you provide all necessary information for pre-approval.

Follow the steps to successfully complete the form.

1. Press the ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Begin filling out the borrower information section. Enter your full name, address, city, state, phone number, zip code, cell phone, and email address. Make sure all details are correct and legible.
3. In the borrower credit scores field, include your credit score, ensuring it meets the minimum requirement of 640 to qualify.
4. Indicate your experience by answering the questions related to rehabilitation experience and current deals. Select YES or NO for each question.
5. Complete the property information section. Provide the property location including the states, type of property, purchase price, rehab cost, and estimated after-repair value. Remember, the property cannot be owner-occupied.
6. Fill in the financial details section, detailing your cash and liquid assets, home ownership status, equity available, and any home equity line of credit (HELOC) information.
7. Indicate your employment status and annual income. Provide information on any additional properties owned and their equity.
8. In the revolving or credit card debt section, disclose the amount of any existing debt.
9. Complete any additional information or comments you believe are pertinent to your application.
10. Review all sections of the form to ensure accuracy and completeness. Ensure that you have filled out all fields marked with an asterisk (*) as they are required for pre-approval.
11. Once everything is filled out and reviewed, you can save your changes, download, print, or share the completed form.

Begin the process of completing your documents online today!