Sunrise Mortgage Company

There are three factors lenders take into consideration when determining a Borrower’s qualifications:

• Your Income
• Your Assets
• Your Credit History

Income

Provide all of your income sources. We will let you know the kind of documentation you will need.  In general, pay stubs, two years W2s , and tax returns for self-employed Borrowers.  Click on Getting Started to learn more.

Assets

The down payment depends on the type of loan you choose. We have many affordable options available. There are closing costs with every loan program. However, there are programs where the lender pays the loan origination fee (from 1.5% to 2% of the loan amount). This is helpful for home purchases when there is a limited amount of cash available because it reduces the required closing costs. It is important to understand the interest rate will be a little higher on these programs. If the costs are paid up front the rate remains low and there will be a significant savings in the long run. Every loan is different, so its worthwhile to discuss these costs with us. Most loans include an origination fee, appraisal fee, title insurance, escrow services, recording of documents, and lender fees. Click Getting Started to learn more.

Credit History

Your credit score will affect the down payment, interest rate, and loan fees. We will review your report to make sure the information is correct and up to date.
Click Getting Started to learn more.