Preparing for Financing your new Home!

To help speed up loan approval, lenders may require documents like pay stubs, bank statements, tax returns, and ID. Gathering these early and avoiding new credit can help keep your homebuying process on track.

Financing your new Clayton home is an important step, and being prepared can help keep the process moving smoothly. Depending on the loan program, lenders may request documentation such as recent pay stubs, bank statements, tax returns, personal identification, and information on savings or retirement accounts. If any portion of your down payment is a gift, a gift letter may also be required.

Once all required documents are submitted, your loan application is reviewed through underwriting. When this step is completed, your lender will notify you that you are clear to close and will review your interest rate, closing costs, fees, and monthly payment options with you.

While these documents are not collected by Clayton Homes, we strongly encourage customers to gather them early. Promptly providing lender-requested items can significantly speed up the approval process and help avoid delays.

To help ensure a smooth closing, customers should avoid opening any new lines of credit until the loan has officially closed. Our team at Clayton Homes of Belpre is here to guide you through the process and help make homeownership as simple and stress-free as possible.