Tricont Calculators Tricont !!! See, Calculate, (Request and 3xYs).

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Purchasing a house or refinancing the one you already have is one of the biggest decision we all make. To help you with this decision we have published an array of calculators with different functionalities here for your use. Please select the ones you need to use, complete and calculate..........Thank you.

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Property Type

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President's Message
Dear Consumers,

Thank you for trusting us with your financial
and mortgage needs

Sincerely,

Aideyan Omoregbee
V. President & COO

Tricont !!! Together, We will Build the Bridge to your World. By Aideyan A. Omoregbee

Mortgage Loan Requirements

Loan Application

Borrower Signature Authorization

Disclosures Notices, Authorization &

Acknowledgement

Equal Credit Opportunity Act

Fair Lending

Privacy Notice

Uniform PUD/Condo. Questionnaire

Tricont Mortgage offers
free credit pulls & $100 - 500 off closing fees.

General Rates and Fees for Lots, Construction/Rehabilitation & Commercial Mortgages

Lender Related Fees and Rates associated with loan origination
Loan Origination	Origination fee varies, depending on the amortization period, construction period, the size of Loan and the documentation requirements. It usually starts at 1% but rarely exceeds 5%

Processing/Underwriting	These fees are charged to the seller in Rehabilitation loan cases. In a construction loan case, depending on the loan type they rage between $595 and $1495.

Document Preparation Fee	Also charged to seller in a rehabilitation loan. It ranges from $300 to $500 for construction loans.


Third Parties Fees paid at close of escrow usually regulated by government agencies
Appraisal Fee	n the case of a construction or rehabilitation loan, the appraisal report is somewhat more involved, as the appraiser has to determine the value of something that is not actually there. Typical fees range from $500 to $1200.

Credit Report Fee	Full residential credit report, $60.

Tax Service	At about $76 - 100

Flood Check Fee	At about $30 - 75

Recording Fee	At about $50 - 100

Notary Fee	At about $25 - 50

Escrow Fee	Usually split between buyer and seller

Title Insurance	Usually split between buyer and seller


Pre-Paid Interest paid at close of escrow such as pro-rated Taxes, Interest and Insurance
Pre-paid Interest	Interest on the loan until first payment is due. Depends on loan amount and closing date.

Property Taxes	Are prorated

Hazard Insurance	First year is typically payable in advance

Documents Needed for All Mortgage Application Types

W2 and All Income Applicants

(1) - 2 years employment history (no open spaces)

(2) - One month of Current pay stubs

(3) - 2 Years of W2's statements

(4) - 2 Months bank statements (all pages) including address, phone #

(5) - Mortgage Statement

(6) - Social Security Number

(7) - State issued picture ID like Driver's License or Non-Driver ID

(8) - 2 years mortgage (history) records when record is not on credit report

Self Employed Income Applicants

(9) - Commission, Overtime, Bonus, Partnership, Rental, Trust, Notes Receivable and Interest/Dividends incomes

(10) - 2 years Personal Federal Income Tax returns and all schedules for (those employed by family business).

(11) - Business license

(12) - Business registration

USDA (Rural Development) Applicants
(13) - Proof of 50-80% for low and 80-100% for moderate area median income (AMI)
(14) - Proof of repayment affordability typically 20-26% of borrower's income
(15) - Proof that applicant lack adequate housing

Gift or Home Sale Income Applicants

(16) - If a source of your down payment is a gift: name, address and relationship of donor. Gift funds are verified in both the donor and recipient's bank accounts

(17) - A copy of HUD 1 Settlement Statement (to use income from sale of a house)

VA (Veterans) Applicants
(18) - Form DD214
(19) - Certificate of Eligibility

Non-Traditional Credit Applicants
(20) - Name, address and phone number of landlords and 2 years for receipts or any other traditional income verification sources

FHA Applicants
(21) - Evidence of Social Security Number and photo identification for FHA borrowers

Purchase Applicants
(22) - A copy of sales contract with all Addendums

Applicants with Child Support Income
(23) - 12 Alimony/child support (to be used as income)
(24) - Proof of child support for 2 more years before child 18th birthday or when child is in college before the 24th birthday
(25) - If divorced or separated, Divorce decree and settlement agreement

Construction Loans Applicants
(26) -For Construction/Perm Loan: A signed construction with cost breakdown, builder plan and specifications contract
(27) - Proof of ownership of the lot

Tricont Calculators & Documentation _____ Thank You.

Tricont Mortgage lend throughout South Carolina, North Augusta SC Refinancing, North Charleston SC House Loan, North Myrtle Beach SC House Mortgage, Oak Grove SC House Mortgage Loan, Orangeburg SC House Mortgage Lenders, Parker SC House Mortgage Companies, Port Royal SC Home Mortgage, Red Bank SC Mortgage Refinance

Notice ****Still not sure what to do? Call or Email us at (803) 317-2500 **_** clientcare@tricontmortgage.com or simply click here to complete our 3 easy steps mortgage questionnaire for a fee and rate offers. Thank you very much