NOVA Homes Blog: Getting a Mortgage in Northern Virginia: What to Tell Your Lender

Tuesday, January 13, 2015

Getting a Mortgage in Northern Virginia: What to Tell Your Lender

There are so many reasons why 2015 is a great year to buy a home in Northern Virginia. With mortgage rates low and home prices set to rise, homebuyers will soon be jumping into the real estate market to take advantage of current conditions.

But the first step to buying a home in Northern Virginia, whether you're a first-time buyer or you've done this before, is meeting with a lender. Choosing a lender is key to obtaining a mortgage loan for your home and it's important to provide them with the following:

Your personal information
In order to determine if you're able to receive the loan, your lender will need certain personal information from you. Do you have flaws in your credit report? Be sure to let your lender know before you begin the process.

Your credit history
In order to process your application, your lender will run your credit with one or more of the three major credit reporting bureaus. Do you have late payments or an account in collections? Be sure to share this with your lender before they run your credit.

Your finance details
Your lender needs to know all about your financial situation. Do not try to add a cushion to your income if you're self-employed, aim to purchase more home than you can afford or exaggerate the time at your current job. Not only could these cost you in the long run, but they could force your lender to decline the loan.

Obtaining a mortgage is an exciting step in the home buying process. I can recommend lenders in the Northern Virginia area and walk you over the stepping stones toward purchasing a home. Do not hesitate to contact me!

I happily serve the areas of Alexandria, Annandale, Arlington, Burke, Centreville, Chantilly, Clifton, Fairfax City, Falls Church, Great Falls, Herndon, Lake Ridge, McLean, Mount Vernon, Reston, Rosslyn, Springfield, Tyson’s Corner and Vienna.

Earle Whitmore

Long & Foster Real Estate, Inc.
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When you first meet Earle, she greets you with a firm handshake and a broad smile. She has a certain charm and friendly nature that immediately set you at ease. As you talk to her, she listens intently. You can see by the earnest look on her face that she’s already developing ideas and strategies to accomplish your goals. By the end of your conversation, you’re surprised that someone can have such a clear understanding of your needs after just one meeting. This is the essence of Earle’s real estate service. She’s a straightforward businesswoman who doesn’t let up until her clients are satisfied.
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Northern Virginia is a thriving area consisting of several communities that thrive with historical and cultural richness as well as physical beauty.
With all that the Northern Virginia area offers, there’s never a shortage of things to do, natural beauty and great schools. From the ocean to the mountains to the nation’s capital, this is a part of the country that has it all!
Earle has assembled some helpful resources to help you with finding your new home. From her comprehensive list of Local Links, her Home Style Guide, or hands on personal help, described below, you know you can count on Earle.