Questions about Home Loans? Contact us for answers.

  • apply online
  • loan center
  • mortgage 101
  • calculator

The Karr Team
RMLO NMLS 230983
NMLS #: 1200324
Terri Karr: (972) 989-4329
Sidney Karr: (817) 917-2266
Email Us

25 Noble Court,
Rockwall, TX 75032
View Map

Loan Checklist

Organize the Home Loan Process

To help you in the process Premier Nationwide Lending has developed a checklist that you can use in managing the home loan process. If you have any questions concerning the home loan process, please contact your Premier Home Mortgage Loan Expert who is on standby ready to assist you with your home mortgage needs.

Download the Loan Checklist
In general, the documentation you will need includes:
Property Information (if you already have a contract on a house)
Purchase Agreement.
Copy of legal description and MLS sheet.
If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets
Pay stubs for the last 30 days.

For the past two years:

Names and addresses of each employer.
W-2s
Complete tax returns

All pages of statements for each bank, mutual fund, and/or investment account for the last three months.


If you have made any large deposits to your accounts:

Explanation and source for deposit.
If large deposit was a gift:

Signed gift letter (lender can supply).
Copy of gift check.
Copy of deposit receipt.

If you own more than 25% of a business:

Corporate or partnership tax returns.

If self-employed:

Tax returns for the last three years (with schedules).
Year-to-Date Profit and Loss Statement prepared by an accountant (If using this income for qualification purposes).

If you own rental property:

Tax returns for the last two years and current rental agreements.

If you are retired:

Pension Award Letter.

If you receive Social Security:

Social Security Award Letter.

If you are counting child support as income:

Copy of divorce settlement.
Copy of twelve months of cancelled child support checks.
Letter from Attorney General showing payments received.


Debts

Names, addresses, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

VA Loans
Copy of DD Form 214, Report of Separation.

Miscellaneous
Photo ID and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.
 
 

Residential Mortgage Loan Originators

TERRI KARR AND SIDNEY KARR - a dynamic mother/daughter duo-bring their clients the perfect mix of education, product knowledge, and generations of mortgage expertise. Their seamless process will make the home buying experience less complicated and overwhelming; Delivering their clients a “World Class” mortgage experience on time and on budget EVERY TIME!

Terri, a graduate of Baylor University with a BBA in accounting, has been in the real estate and the real estate lending business for over a quarter of a century. To date, Terri has helped nearly 2000 clients with their mortgage on personal homes, vacation homes and investment properties. When not working on the perfect mortgage experience for their clients, Terri enjoys decorating her home, yoga, and being an active member and foster for Lone Star Bulldog Club Rescue. In addition, She serves on the executive board of the Disciples Women of First Christian Church Rockwall where she also participates in the hand bell choir. Terri is recognized as a member of The Producer’s Council at Premier Nationwide Lending. She was honored as one of the company’s Top Producing Loan Officers for 2013, 2014 and 2015. Terri was also recently featured in Texas Monthly Magazine as one of the 2013, 2014, and 2015 Five Star Mortgage Professionals in the state of Texas.

Sidney graduated from Hardin-Simmons University in May of 2014. She decided to follow in her Mother’s footsteps and pursue a career in the mortgage industry. She received her NMLS license shortly after graduating and has become quite a powerful part of the team with an in depth knowledge of specialty programs and credit restoration. As an accomplished equestrian with over 14 World Championship titles, Sidney has a true passion for animals. When she is not helping the team provide an exceptional mortgage experience to their clients, she likes to spend her time with her pets which include several English Bulldogs, Dachshunds, and kitties. She also enjoys spending time cooking for her friends and family and kickboxing to stay in shape. Sidney is a deacon of the First Christian Church in Rockwall where she also participates in the Hand Bell Choir. In Addition, she is a very active volunteer and foster for the Lone Star Bulldog Club Rescue.


Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

Wow! Terri and her outstanding team were extremely helpful and professional. I am an independent business owner which makes home purchasing a bit difficult; however, every part of the transaction ran smoothly thanks to Terri and her team. Every time there was a snag (not due to Terri's team), they all jumped in to solve the problem. The knowledge base they all prescribe to provided me with a sense of security because I trusted they knew what they were doing and provided me with excellent advice. We also were working in a very short time line and they made sure we met it. I cannot recommend me them enough. They absolutely know their stuff. Thanks Terri and your excellent team!

Deborah B.

Connect with us: