Partner with Mann Mortgage, Your Nevada Mortgage Broker

Mann Mortgage wants to be your Nevada mortgage broker. We understand everything about securing loans in Reno, NV, and want to be your partner in the – sometimes confusing – process.

To help ensure that your application for a mortgage in Reno goes smoothly, we’ve listed below several tips so you can receive a timely decision on your loan in Reno, NV. These tips are designed to help you avoid some of the most common pitfalls that cause delays in the loan approval process when trying to obtain a mortgage in Reno. Half of the entire process for securing a mortgage in Reno is dependent upon you, the borrower. To ensure a speedy credit decision on your loan inquiry, be sure to read and follow our tips.

1. Provide all documentation that is requested. Any missing documentation is likely to cause a delay in your loan approval process for loans in Reno NV. To obtain loan approval, you will typically need to produce:
• Pay stubs covering the most recent thirty days
• W-2 statements covering the past two years
• Bank statements covering the most recent three months
• 401K, IRA, or mutual fund accounts showing the most recent transaction summary
• Stocks or certificates of deposit (copies)
• Purchase and sales agreement (copy)
• 12 months’worth of cancelled rent checks or the name and address of your current landlord (if applicable)
• Fully executed divorce decree (if applicable)
• Deed, hazard insurance policy, and most recent tax bill if you are refinancing (copies)
• A letter explaining any known credit problems or fluctuations in income
2. For Reno mortgages, if you are self-employed, paid by commission, or own real estate used for rental purposes you will need to produce:
• Two years of signed personal federal income tax returns including all schedules
• If self-employed through a corporation, the last two years' corporate returns as well as a year-to-date profit and loss statement and balance sheet
3. If additional information or documentation is requested at the time you’re applying for a mortgage in Reno, please provide it immediately.
4. Read all disclosures carefully and ask questions of your Nevada mortgage broker if you need clarification. It is best to communicate all requests and clarifications in writing early in the process to obtain loans in Reno, NV.
5. Ensure that the income you report on your application is the same income as that which is reported on your tax documents.
6. Inform your loan officer or Nevada mortgage broker of any past credit problems.
7. Review your credit report carefully to verify its accuracy. The credit report companies receive their information from national credit repositories including Experian (formerly TRW), Trans Union, Equifax, and public records search firms. The information reported to the repositories is only as current and accurate as the information reported by the creditors. Information should be disputed by contacting the creditors directly and it should be completed in writing. The names, addresses, and phone numbers of most creditors are listed on the last pages of your pre-qualifying credit report and are listed as Direct Check Addresses. Once you have settled the disputed accounts the information is then provided to the repositories that will then make the appropriate changes.
8. When signing your closing documents, sign your name exactly as it is printed. For example, you may need to include your middle name or initial in your signature.