The Fitzburgh Realty Team - Glassell Park Real Estate - Northeast Los Angeles Realtor
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Getting the Best Mortgage Rate

Getting the best possible rate on your mortgage is a key part of the home buying process. Even a slightly lower rate could save you thousands of dollars over the life of a loan.

When you begin considering a home purchase, start keeping an eye on mortgage rates. They tend to fluctuate based on federal interest rates, bond prices and what’s going on in the housing market. 

Lenders start with the par rate, then look at your risk profile to determine what rate they will offer you—usually based on a combination of the following factors:


  • Credit score – This is the first and biggest factor a lender considers. The better your credit score, the better rate you can get. It takes an excellent score—usually 740 and above—to get the best possible rate. Learn more about credit scores.

  • Down Payment – The more money you have to put down, the less risk a lender will associate with approving a loan for you, which could qualify you for a lower rate.

  • Loan terms – In general, a shorter loan term will let you secure a lower interest rate.

  • Loan to Value Ratio (LTV) – This is the difference between the loan amount you are requesting and the appraised value of the home you’re purchasing. The higher the LTV, the higher the rate.

  • Points – Lenders allow you to pay points in order to get a lower interest rate. Typically, each point represents 1% of the loan amount.

Meet our trusted Mortgage Consultant!

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Katharine Dizon Gross
​NMLS#448755

Loan Consultant
790 E Colorado Blvd

Pasadena, CA 91101
818-236-4097
[email protected]
https://mortgage.usbank.com/ca-pasadena-katharine-dizon-gross
With over 15 years of mortgage experience, Katharine Dizon assists in getting the best loan for your personal financial situation. She's been a leader in the field and has been in the Lenders Club Member Top 10% of the company five years in a row. Contact her 818-236-4097 today!
Get Your Loan Pre-Approval

Applying for a Home Loan

To apply for a home loan, you’ll need to provide information about your income, assets and debts, plus any circumstances that may impact your ability to repay. Be prepared to provide some or all of the items below.

Income Verification
  • Pay stubs for the last 30 days
  • W-2 forms for the last two years
  • Child support/alimony - divorce decree or 12 months cancelled checks*
  • Award letter for social security, pension and 1099 for disability

Self-Employed Applicant
  • Signed, completed tax returns for the past two years, including personal, partnership, and corporate, if applicable, and all schedules.
  • Year-to-date business profit and loss statement for current year, if more than three months have passed since the end of the tax year
  • Current balance sheet

Assets | Sources of Funds/Down Payment
  • Original bank statements for the last three months, including savings, checking, and investment accounts
  • Stocks and securities account statements for the last three months
  • HUD 1 settlement statement if using funds from the sale of property
  • Sale of asset – proof of ownership, proof of sale, and proof of funds transfer
  • For gift funds – a gift letter, evidence of transfer, and sometimes evidence of withdrawal
 
Payment History
  • Cancelled rent or mortgage payment checks for the past 12 months, if not available on credit report
  • Copy of land contract, if applicable
  • Child support/alimony
  • Bankruptcy/Consumer Credit, if received

Additional Information (If Applicable)
  • Purchase agreement, including legal property descriptions and any addendum
  • Divorce decree
  • Explanation of discrepancies on credit

*Child support or alimony income can be used if you received it for the past 12 months and it will continue for at least three years into the loan period. However, alimony, child support, or separate maintenance income need not be included if it is not to be considered as income available to repay the loan.
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 REACH OUT to BRIAN and ZACH DIRECTLY
Brian Fitzburgh, Broker/Owner
Cell: (818) 571-9712
Office: (424) 625-0747

[email protected]
Zach Gaither
Real Estate Agent / Buyer Specialist
Cell: (239) 265-2438
[email protected]
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2022 Zillow Premier 5 Star Agent in Los Angeles. Parrish Ave., Los Angeles, CA. CalDRE# 01875767. Copyright © 2022 Brokers Trust Real Estate Group. All Rights Reserved.
  • Home
  • About Us
    • Fitzburgh Realty Team >
      • Juan Loza Handyman
    • Brians Resume | Sellers
    • Brians Resume | Buyers
    • Testimonials
    • Upcoming Events
  • RE Videos
  • Search Homes
  • Homes Fur All
    • Explore NELA >
      • Glassell Park
    • News
    • Super A Test
    • Bark & Meow Fan Club
    • Concerts in the Park
    • Eagle Rock Bark >
      • ERB Walk At The Bark
      • Eagle Rock Bark 2017
      • Eagle Rock Bark 2018
      • Eagle Rock Bark 2019
    • Glassell Bark >
      • GB Walk At The Bark
      • Glassell Bark 2017
      • Glassell Bark 2018
      • Glassell Bark 2019
    • Glassell Park Easter Egg Hunt
    • GLASSELL PARK TREE LIGHTING >
      • XMAS TREE LIGHTING 2017
      • XMAS TREE LIGHTING 2018
    • Growing Caring Sharing News
    • 4 Weeks 4 Life
    • Fostering Resources
    • Pet Food Drive
    • Pet Resource Guide
    • Pet Adoption Hall of Fame
    • Spread The Word
    • Super Party >
      • Super Party Photos
  • Resources
    • LA Wildfire Resources >
      • Temporary Housing
    • Brian' s Crystal Ball >
      • Brian' s Crystal Ball Appetizer
      • Brian' s Crystal Ball 1st Main
      • Brian' s Crystal Ball 2nd Main
      • Brian' s Crystal Ball Dessert
      • Furball Challenge
    • First Time Homebuyers >
      • Credit Score
      • Down Payment
    • Get Your Loan Pre-Approval
    • Request a Free Market Analysis
    • Mortgage Calculator & Rates
    • How Much House Can I Afford
    • Real Estate Market Trends
    • Neighborhood Search Tools
    • MLS Activity Alert
    • Client Documents & Calendar
    • FAQ
  • Brian's Blog
  • Contact us
    • Coverage Area