Firefighter Mortgages: How the Initial Process Works

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Firefighter Mortgages: How the Initial Process Works

The process of buying a new home can be as stressful as it is exciting.  If you’re like most first responders, you want to make sure you’re getting the best mortgage rate, with the best mortgage company, and you want the process to be as simple as possible.

The good news, is that our company agrees that obtaining a firefighter mortgage shouldn’t be complicated.

Getting started

When you’ve determined that you’re ready to purchase your home, the first thing you’ll want to do is contact Home Loans Today at 866-919-2064. When you call our office you’ll be directly connected with an experienced Firefighter Mortgage Consultant who will help guide you through the process.

That consultant (who is also known as a Mortgage Loan Originator) will begin by taking a look at three criteria to determine your readiness. Much like the Fire Tetrahedron indicates you need fuel, oxygen and heat for a fire to occur, the Tetrahedron for mortgages also requires three components: a minimum down payment, a favorable credit history and income.

You should also keep in mind that there’s some flexibility when it comes to qualifying for a mortgage and there are a lot of ways to stack the blocks in such a way that we’re able to help you with an approval. If you have questions about how this step works, your Mortgage Loan Originator will be happy to answer them.

Gathering information

During the next step, we’ll help you determine which type of mortgage program will work best for you and your family. Once this has been established, we’ll need you to provide us with 2 years of both employment and residence history. We’ll also need information about your current income, your FICO score and which bank you use.

From there, you’ll need to provide us with some documents:

  • 2 years of W2s and/or 1099s
  • 30 days-worth of paystubs
  • 2 months of investment and retirement account statements
  • Tax returns for the prior 2 years
  • A copy of a driver’s license for each loan applicant
  • A credit card number (for the appraisal order)

If you currently own a home (or other type of real estate), we’ll also need you to provide:

  • Your homeowner’s insurance information
  • A copy of your most recent mortgage account statement(s)
  • This year’s property tax bill
  • Information on your home equity account

Once all of this information has been submitted, you’ll be connected with a Firefighter Mortgage Loan Processor (LP), and while your LP will be your primary contact for subsequent steps, your MLO will continue to be available should you have additional questions.

The good news, is that once your documents are submitted, you’re half way to the finish line.

Most Trusted Provider for Firefighter Mortgages in Washington

At Home Loans Today we understand the process of applying for a mortgage can be confusing, which is why our dedicated team of firefighter mortgage specialists is standing by to help.

If you’re interested in learning more about the types of mortgage options we offer, or you have questions about how the initial steps of the firefighter mortgage process works, call our office today at 866-919-2064 to learn more.

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Adam Vest

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