PREFERRED PARTNER Mortgage Lender
Travis Key
 

Regions Unique Loan Products

​

1XCP Conforming and Jumbo -1st and 2nd homes

• $2 million max for Jumbo loans

• 90% LTV for loan up to $1,000,000 min credit score 740 conventional

• 80% LTV min credit score 700

• Approval on front end (credit, income, assets, employment, and Appraisal)

• Permanent mortgage rate locked on front end

• 24 month build term

• No long term lock in fee

​

  What is needed to process your loan

​

1. Copy of borrower and co borrower’s most recent paystub for the last 30 days

2. Copy of borrower and co borrower’s recent 2 years of W-2s

3. 2 years’ tax returns (All pages, k-1s, and 1099s)

4. 2 months’ bank statements, stock accounts, and retirement accounts (all pages for all accounts provided). Terms of withdrawal are required on all retirement accounts.

5. If self-employed 2-year business returns and a current P&L and balance sheet for the business

6. Copy of borrower and co borrower’s Driver’s Licenses

7. Appraisal fee of $500

8. Contract information for your insurance agent

9. Please complete online application 

 

 

​

​

​

​

​

 

Once the construction contract is finalized I will need

​

1. Copy of plans and specifications for proposed construction

2. Copy of final contract for proposed construction – signed by buyer(s) & builder

3. Copy of budget (cost breakdown) for proposed construction

4. Copy of lot ownership documentation (Warranty Deed, HUD 1) and Copy of contract to purchase lot