Loan Process

PowerHouse Solutions strives to make the lending process as simple as possible for the client. We are there from application through closing with expert advice, honest answers to your questions, and the best New York Mortgage or Connecticut mortgage loans available for your needs.

PHS clients begin the loan process by prequalifying for a New York Mortgage or Connecticut mortgage loan. We recommend meeting one of our “Solutions-Providers” Loan Officers in person. Meeting face-to-face allows your PHS Solutions Provider to get accurate information for your pre-qualification.

During your meeting, we are there to answer any questions regarding the mortgage and home buying process. Our Solutions Providers will ask you questions about the fundamentals of New York Mortgage or Connecticut mortgage loans: Income, Assets, and Credit.

You are part of the process! Have your paperwork in order. Your part of the Loan Process includes providing:

• Pay stubs for the most recent 4 weeks.
• W2’s for the last two years.
• Tax returns for the last two years
• Last three consecutive months of bank statements (all pages).
• Any recent three months statements for other cash assets: IRA’s, 401k’s, mutual funds or anything similar.

Your PHS Solutions Provider will review all of your documentation in the face-to-face prequalification meeting. In this way, PHS helps you find the best New York Mortgage or Connecticut mortgage loan for you!

Get your documents in order and contact PHS now to schedule your FREE prequalification consultation!