Steven Quach

Loan Factory

NMLS#: 2066638

Licensed state: California

https://www.loanfactoryusa.com

About me

Hi, I'm Steven. I've been in real estate since 2008. I love helping my clients secure a rock-solid pre-approval letter, providing expert advice, offering transparently low mortgage rates, an easy online application, and crystal-clear updates every step of the way. Lock in a low rate today!

Hit Apply Now to kickstart your journey to saving big and owning your home!

Step 1: Get Your Free Rate Quote

See how much home you can afford. Shop our rates at home, anytime.

  • Free rate search  above to see instant rates and payments.
  • If you have questions, schedule a time to go over the pre-approval process.

Step 2: Apply Online, Set Up Rate Alert, & Upload Documents

For a rock-solid pre-approval, please gather the following documents:

  • Identification:

    • Driver's License
    • Social Security Number (You can provide this securely during your appointment or through our online application)
  • Proof of Income:

    • W-2 Employees:
      • Last two years' W-2s
      • Most recent 30 days of paystubs (If you receive bonuses, include the last two years' end-of-year paystubs)
    • Self-Employed/1099/Business Owners:
      • Last two years' personal tax returns (all pages)
      • Last two years' business tax returns (if applicable)
    • Retired:
      • Most recent pension (annuity) award letter
      • Most recent Social Security award letter
  • Financial Assets:

    • Last 2 months of bank statements showing your primary reserves
    • Most recent mortgage statements for any existing properties
    • Property insurance declaration page for any existing properties

Additional Information:

  • Assume annual property tax rate: 1.25% (divided by 12 months)
  • Assume property hazard insurance: 0.35% (divided by 12 months)
  • Include existing mortgage or Home Equity Line of Credit (HELOC) statements, if applicable
  • LLC entity documents (if applicable)

Step 3: Pre-Approved! Shop or Lock Your Rate

My team of experts at Loan Factory and I will support you in obtaining documents for a solid loan application with our preferred lenders. With a pre-approval in hand, you can ensure:

  • Pre-approval benefits:
    • Reduced anxiety: Avoid offer rejections due to last-minute loan denials.
    • Stronger offer: Increase your appeal to sellers with pre-approval validation.
    • Streamlined process: Simplify the loan process and avoid delays in escrow (except for the appraisal).
    • Diverse income handling: Handles complex financial situations for a smooth pre-approval experience.

Step 4: Ownership

With strong support, you're ready to purchase and refinance with ease.

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