At Kiper Homes, we know that buying a new home is a life-changing commitment, and we understand that many new buyers struggle to determine when the time is right. If you’ve been waiting to take the leap into homeownership, experts say the time is now.1 With the economy booming, borrowing rates are on the rise, and those in the market for a new house should act sooner rather than later. On March 15, federal interest rates were increased by a quarter of a percentage point, and as many as two more rate hikes are in the forecast for 2017, giving prospective home buyers limited time to take advantage of historically low rates.
Now is the time to act, and our team is ready to help you take the first steps toward making the investment of a lifetime. If you’re ready to explore financing options, browse the homes that are currently available and contact one of our lenders today to discuss prequalification. For first-time buyers unsure of where to start, there are many resources online to help make a plan for a responsible and rewarding investment. Once you’ve done your research, determined your eligibility2, and pinned down what you can afford, you’ll need to gather your loan paperwork before applying for a mortgage.
While some lenders may ask for different forms of paperwork, all lenders will be interested in verifying your income, your assets, your credit history, and your debt-to-income ratio before offering a mortgage. Here is a sample checklist to help you prepare for your lending consultation3:
Proof of income:
W-2 forms, or self-employed tax documents, for at least 2-3 years
Personal tax returns for at least 2-3 years
Most recent pay stubs to verify current income
Credit card and loan statements (including student loans and car loans)
Current and recent bank statements
Proof of assets:
Brokerage account statements for last 2-4 months
Retirement account statements, including 401(k) or IRAs
Addresses for last 5-7 years
Check in directly with our lenders to know exactly what you’ll need to be considered for a loan.
No matter when you buy, a new home is a serious investment in your future. That’s why our team works tirelessly to ensure that you and your family reap the lifetime rewards of that investment through our uncompromising commitment to quality, luxury, and comfort in every Kiper home and community. Take our neighborhoods in Discovery Bay as an example. Both Anchor Pointe and Mosaic at the Lakes offer a blissful marriage of serene rural beauty and elegant, modern design, with various price points represented. These communities attract locals and commuters alike for their incredible proximity to the region’s urban hubs without compromising the peaceful nature of lakeside living. Contact us today to visit one of our currently established communities, and you’ll understand why we’re known for an unparallelled eye for detail and quality, combining comfortable living environments with impeccable locations and landscapes that represent the best the region has to offer.
Buying a new home means embracing change and inviting growth, and this year we’re proud to be growing the number of communities that we at Kiper call home. In 2017, we’re excited to announce four forthcoming communities in Ripon, Lathrop, Hollister, and Discovery Bay. Stay tuned to learn more about the newest additions to the Kiper family!