Call Toll Free: 1-866-Swift-Source
Alternate Tel: (858) 405-5620

Welcome to First-Time Homebuyer Heaven

Your Best Provider of Real Estate and Financing Services For The Purchase Of Your First Home

Ask Me A Question
 Apply Online

 Assistance Programs
 Quick Qualifying Chart
Calculate Tax Benefits
 My Promise To You
 My Closing Cost Guarantee
 Safe Loan Types
 Unsafe Loan Types
Home Buying Processs Homebuyer Misconceptions
 Credit and Credit Issues
 Closing Costs Explanation
Tax Advantages of Owning
Useful Free Reports
Meet Your Team
 Map of San Diego County
Contact Information







Documentation That The First Time Home Buyer Will Need To Produce During the Loan Process


-          1 month of paystubs – We need to see the year-to-date gross pay in order to be able to calculate the debt-to-income ratio, sometimes called the debt ratio. This calculation determines the maximum amount that the lender will lend.

-          2 years of W2s and/or 1099s – The income from previous years is also sometimes used to calculate debt ratio. The W2s and 1099s are also part of the process to verify 2 years of employment in a certain field. If a person had not owned a home, he or she most likely would not have filed a Schedule A with the tax return. All first time home buyer assistance programs in San Diego will require complete income documentation.

-          2 or 3 years of tax returns with all pages and schedules – All first-time homebuyer financial assistance programs require 3 years of tax returns to verify 1st time homebuyer status. These returns must show no deductions for mortgage interest or property taxes on the Schedule A for the last 3 years. First time home buyers trying to qualify for first time home buyer assistance programs will always be required to provide tax returns.

-          2 months of bank statements – Many loan programs require several months of mortgage payments to have been sitting in a bank account for at least 2 months prior to the close of escrow. All first time home buyer assistance programs in San Diego County will require previous tax returns.

-          2 months of statements from any investment accounts listed on the loan application. The more assets that the borrower can bring to the table, the better. First time home buyer assistance programs in San Diego will usually require some amount of assets (e.g. money in the bank) in reserve.

-          1 or 2 years of bank statements if the borrower is a self-employed entrepreneur – Many loan programs will allow a self-employed entrepreneur to use a percentage cash deposits in the business bank account to demonstrate income, even if the tax returns do not show sufficient income on the Schedule C.

-          Business license if self-employed – If a self-employed person is not required to obtain a business license, the lender may request a letter from the borrower’s accountant or licensed tax preparer stating that the borrower has been employed in his or her respective field for at least two years.

-          Divorce decree with all pages, especially anything related to spousal or child support, if applicable.

-          Leases – If the borrower states on the loan application that he or she owns rental properties, the lender may request that the existing leases be provided in order to verify the income from the rental properties. If the loan was stated income, the lease payments would be blackened out.

-          Bankruptcy documentation if applicable

-          Copy of the credit report – The borrower should pull his or her own credit report prior to the loan process beginning.

-          Letters from any creditors that are paid off but still showing up as unpaid on the credit report.

-          Copy of driver’s license and social security card.

-          Copy of Green card (Form I-551 or an I-551 stamp on a visa)

-          Gift letter – The loan officer will provide this to get signed if a parent is donating a gift toward down payment or closing costs. I can provide a standard gift letter to first time home buyers who are receiving gifts to be used as down payment assistance or closing cost assistance.































Site Map  Home Page  The Major First-Time Homebuyer Financial Assistance Programs   ACORN   Chula Vista Program  San Diego AMI Chart   City Heights Home In The Heights Program   City Heights Redevelopment District   City Heights PITCH Program    Vista Program  CalSTRS  CalHFA Extra Credit Teacher Program   Teacher Credential List   Escondido HOME Program  Santee Program   Escondido HELP Program  El Cajon California Dream Program   El Cajon American Dream Program  Downtown San Diego Program   Entire City of San Diego Program   San Diego County Program   CalHFA CHDAP Program     CalHFA HiCAP Program  CalHFA HIRAP Program  Redevelopment Census Tracts  Mortgage Credit Certificate - MCC  CalHFA 1st Mortgages   VA Loans   Community Housing Works CASH Program    Safe Conventional Loans  Unsafe Conventional Loans  Quick Qualifying Charrt   $0 Down Payment with CalHFA Financing  $10,000 Down Payment with CalHFA Financing   $20,000 Down Payment with CalHFA Financing   $30,000 Down Payment with CalHFA Financing   $40,000 Down Payment with CalHFA Financing   $50,000 Down Payment with CalHFA Financing   $60,000 Down Payment with CalHFA Financing   $70,000 Down Payment with CalHFA Financing   $80,000 Down Payment with CalHFA Financing   $90.000 Down Payment with CalHFA Financing   $100,000 Down Payment with CalHFA Financing  Tax Advantages of Home Ownership  Renter 1040    Renter 540   Homeowner 1040    Homeowner Schedule A  Homeowner 540   IRS Publication 530  CTEC License  Apply Online   Ask Me Anything   Free Reports  6 Ways You Know You Are Ready To Buy  50 Fun Things To Do In San Diego   7 Reasons To Own Your Own Home   Financial Security Is The Biggest Reason To Own Your Own Home   Top 10 Reasons To Buy  It's a Great Time To Buy    My Promise To You   HUD-Approved Classes   Map of San Diego County    Credit Issues   A Summary of Credit   Do's and Don'ts During Homebuying Process    What-If Credit Simulator    What-If Credit Simulator - Paying Off 3 Credit Cards   What-If Credit Simulator - Allocating $5,500 Toward All Debts   Rapid Rescore   8 Ways To Improve Your Credit Score  Disputing Items On Credit Report   Common Misconceptions That First-Time Buyers Often Have   Top 10 Reasons To Buy Your First Home   Zig Ziglar Sales Poem - The Bride White of Hair   8 Ways of Getting Your Finances In Order   Recommended Books   Home Buying Process   People In The Home Buying Process   Points of Negotiation In The Home Buying Process   Guarantee of Closing Costs What Your Home Inspector Should Cover  Home Preferences Checklist   Tips For Finding The Perfect Neighborhood  Meet Your Team   Contact Information Beware the Option ARM Criminals  Getting The Most From The First Time Home Buyer Finance Specialist   Stacking First Time Home buyer Financial Assistance Programs Together The Misadventures of Using  APR Is A Poor Way To Compare Closing Costs   Disposing of Real Property   The Home Mortgage Interest Deduction   Ten Things To Do To Get Ready For a New Home Purchase  Documentation That The First Time Home Buyer Will Need   How To Protect Yourself During The Mortgage Process   Make Sure That You Can Handle The Worst-Case Scenario   Incentives That Condo Converters Force Upon Buyers  The Loan Officer's Most Important Question   The Two Things That Prevent 57 Percent of First Time Home Buyer Purchases  The Short Sale  Allied Gardens   City Heights  Clairemont  College_Area  Coronado    Downtown  Encannto   Golden Hill   Hillcrest  Kensington   La Jolla   Linda Vista   Logan Heights  Mira Mesa  Pacific Beach  Mission Valley  Morena  North Park  Ocean Beach  Paradise Hills Point Loma  San Carlos Scripps Ranch  Serra Mesa   Sorrento Valley  Tierrasanta  University City  Alpine  Campo  El Cajon  Jacumba  Jamul  La Mesa   Lakeside  Lemon Grove  Pine Valley   Rancho San Diego   Santee   Spring Valley Bonsall  Borrego Springs   Escondido     Fallbrook   Julian   Penasquitos   Poway   Ramona   Rancho Bernardo   Rancho Santa Fe   San Marcos   Valley Center  Vista  Cardiff   Carlsbad   Carmel Valley  Del Mar   Encinitas  Oceanside   Solana Beach   Bonita   Chula Vista   Imperial Beach   National City   Nestor    San Ysidro









First Time Buyer Books

Realty Investor Books

Find An Affordable Home!

 Apply Online

Ask Me A Question

Here Is An Invitation to My Next Learning Annex Class On First-Time Homebuyer Financial Assistance

Check Out The Latest News In First-Time Homebuyer Financing


Brought To You By
Mark Harmon, Realtor
CalHFA Preferred Loan Officer
USA Realty and Loans

Brokerage Main Office
3994 Carson St.
San Diego, CA 92117