Focus on NoVA Real Estate



Loan Approval and Pre-Approval

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Pre-qualifying for a loan makes you more appealing in the eyes of the seller. Pre-qualification approves you purchase for up to a certain mortgage amount, even before you look at your first home. Once you do start looking, you won’t waste time looking at homes you won’t be qualified for and you’ll be in a strong position to make an offer as soon as you find something you like. Another added benefit to pre-qualifying is that you will have the opportunity to have the loan officer run several financial scenarios for you to see which will be the best financing option for your needs.


Pre-qualification is a Must in Today’s Market

Taking the time to pre-qualify for a mortgage before you begin your home search puts you in a much better negotiating position: your pre-qualification assures the seller that the transaction will not be delayed while you secure financing.


Financing Information

Questions for the Loan Officer

There are financial questions your loan officer can help you answer so you will better understand the mortgage market before you buy a home.

  • What can you actually afford?
  • How can you increase your buying power (more home for your money)?
  • How much cash do you actually need?
  • Are there ways of raising additional cash?
  • How do lenders qualify buyers for a mortgage?
  • What do lenders consider long-term debts?
  • What are present interest rates?
  • What types of mortgages are available?
Ready to Apply? Prepare.

When you are ready to apply, please be prepared to provide the following to your lender:

Verification of Income

For salaried or borrowers paid hourly:

  • Paystubs for most recent 30 day pay period
  • W2s for the last two years
  • Name, address, phone and fax numbers for employers for the past two years

Most recent 2 years 1040s (signed), all schedules, will be required to verify income for:

  • Self-employed borrowers, or borrowers who owns 25% or more of the company
  • Dividend and interest income
  • 100% commissioned borrowers
  • Rental income (include current lease)

Retirement Income

  • Most recent awards letters
  • W2s for the last two years

Child Support or Alimony

  • Must continue for 3 years to be used as income
  • Separation agreement
  • Copies of 12 month’s cancelled checks
Pre-Qualify Requirements

Pre-Qualify for a Loan Verification of Assets

  • Most recent two months (or quarterly) statements, to verify assets needed for the transaction. EVERY page is required.
  • Source of funds for any large deposits (non-payroll) may need to be explained.
  • Landlord Information. Name address, email and phone number for landlord(s) for the past two years
Liabilities and Debts


  • List of all outstanding debts with required monthly payments and current balances
  • Student Loans – if deferred, provide evidence of repayment agreement to show future monthly payments and loan balances
  • Child support, alimony – provide copy of separation agreement
Veteran Affairs Loans

For Veterans Affairs Insured Loans

  • First time use: Provide a copy of DD-214, showing honorable discharge or statement of service letter for officers currently on active duty
  • Subsequent uses: Original Certificate of Eligibility with copy of HUD-1 from sale of previous VA insured property


Recommended Lenders*

These lenders have proven their ability to serve our clients with honesty, efficiency and affordability time and again. You may work with whomever you wish, however, if you’ve not decided yet, please try one of these three. Please know that we are in no way affiliated with these lenders, they just have done a terrific job in the past.

*Century 21 Redwood Realty provides the names of companies whose services may aid in your transaction. Names are provided strictly as a courtesy and no recommendation is implied. If you chose to work with these vendors you shall hold Century 21 Redwood Realty and its agents, harmless and free of liability relating to such references.

George Mason Mortgage, LLC

A Subsidiary of Cardinal Bank

Brian Kamin,
Sr. Mortgage Loan Officer

4100 Monument Corner Dr, Suite 100
Fairfax, VA 22030
Tel: (703) 259-0838
Cell: (703) 966-5162

Atlantic Coast


Hien T. Nguyen,
Senior Loan Officer

MLS ID #219512
Tel: 703-259-0839
Cell: 703-629-4063
Fax: 703-991-8503

Fairway Mortgage Company

Independent Mortgage Company

Stephen Bernhardt,
Branch Manager/Sr Loan Officer

1952 Gallows Rd, Suite 212
Vienna, VA 22182
Cell: (703) 749-2420
Tel: (703) 624-5150