Getting Pre-Approved is Fast and Easy!

A pre-qualification letter states that you meet basic financial criteria, usually based on the borrowers word. A pre-approval statement from a lender indicates that the broker has evaluated your assets, debt, and credit history to determine whether you can qualify for the loan.

We pride ourselves in being available around the clock to help you at your greatest convinence. The team at Park Place Financial understands that real estate doesn’t take days off. We are available when you need us. 

      In addition to completing the online loan application & borrowers’ 

credit authorization, we usually need the following:

Proof of Income

Salaried Employees: 

• 2 years W2’s (most recent)
• 1 month most recent paystubs

Self-employed: 

• 2 years personal (include W2’s if any) and business tax returns (all K1s)
• Profit Loss Statement (unaudited) for the current year (Year to Date) signed & dated by borrower

Proof of Assets:

At least two months of your most recent statements, including:

• Bank checking and savings brokerage 
• Retirement fund – 401K, pension, self-funded (ROTH, SEP, Individual), annuities
• For Self Employed (business owners) 3 months (most recent) Business Bank Statements are needed showing large deposits

    Recent Property Bills

    If you own any 1-4 unit properties, we need the most recent bill and or statement :

• Mortgage Statement
• Insurance Bill or declaration page showing annual premiums (fire & liability) and HOA Statement
• Property Tax Bill

    For condo/townhouse owners, we need the HOA / Management companies name as well as contact information.

      Misc. Documents

• If you have filed an extension on your tax returns, we need a copy of the Extension Statement for business as well as for personal tax returns
• Clean copy of your government issued ID or Drivers License