Midland Mortgage Company

Buying, Building or Refinancing

Commitment to prompt, personal service in a variety of mortgage programs is part of the Midland Mortgage Company legacy. Whether you’re a first time buyer, or planning to build, refinance or even renovate, Midland Mortgage’s commitment to prompt, personal service follows through to a variety of affordable mortgage programs offering competitive rates. No matter what type of mortgage loan you’re looking for, Midland Mortgage Company can help make it possible.

What You Need to Qualify

Midland Mortgage Company takes gross income into consideration when pre-qualifying individuals for their mortgage payment. When providing this information you should include overtime pay, bonus pay, and commissions.

Another factor which is taken into consideration is how much debt you have. Debt includes car payments, credit cards, court-ordered child support, alimony, other loans payments made each month along with your future house payment.

Your work history is another thing that helps determine whether or not you pre-qualify for a mortgage loan. A steady work history and verifiable earnings are important. For those who are self-employed, proof of income and work history can be supplied through previously filed tax returns.

A detailed credit report provides personal debt repayment history. This includes credit, balances of current debt, tax liens, judgments, and collection information. If your credit report reflects poor credit or even lack of credit, it could prevent you from getting a mortgage loan. However, Midland Mortgage Company does employ loan officers who specialize in loans for those with credit problems. Check with a Midland Mortgage Loan Officer for more details.

Starting the Loan Process

Midland Mortgage Company offers simple tips to get the loan process moving forward:

• Get pre-qualified
• Consider the type of mortgage you want
• Conduct a loan interview with a Mortgage Consultant

Organize your financial records. Be prepared to provide the following documents to help complete the loan process in a timely fashion:

• Last year’s W-2 or tax returns
• Pay stubs for the last 30 days
• Two months worth of bank statements.
• FHA loans also require proof of social security number and picture I.D.

The consultant will discuss your credit history including your ability to repay the loan debt. Other information you need to be prepared to discuss include how much you have on hand to make a down payment and what funds you have available to meet closing costs. Midland Mortgage Company has loans available with a minimum down payment as little as three to five percent of the sales price.

Midland Mortgage Company Online Application

The Midland Mortgage Company provides a host of online forms including loan applications. Some forms may be in Portable Document Format (PDF) and will require Adobe Acrobat Reader to view them. Online mortgage loan applications available online include:

• Uniform Residential Loan Application
• Spanish Uniform Residential Loan Application
• EZ Loan

A variety of other handy forms available include Self Employed Income Analysis, Consumer Handbook on Adjustable Rate Mortgages (ARM) and more.

Midland Mortgage provides regular updates throughout the loan application process, and if you have questions you can reach them easily by email or phone.

Mortgage Rates and Credit Scores

Credit scores are used in making mortgage decisions. In over 75 percent of these decisions FICO® scores are used. Midland Mortgage Company provides information to help you understand your FICO score and the factors that drive it to help you earn the best mortgage rate.

Free Consultation

Finding the appropriate mortgage loan at the best rates and lowest fees can save thousands of dollars over the term of the loan. Midland Mortgage Company provides a free online consultation to assist you in selecting the best loan to meet your personal mortgage needs.