Desiree Thomas NMLS #1249530
Two Rivers Mortgage NMLS #1647999
PACIFIC ISLANDER RESOURCES
AREAA Portland Down Payment Assistance Grant Application: AREAA Portland is a nonprofit trade organization dedicated to improving the lives of Asian Americans, Native Hawaiians, and Pacific Islanders through homeownership. A $10,000 grant is currently available. Deadline to apply is October 1st.
IRCO: IRCO offers a wide range of culturally specific and responsive housing and stabilization supports to help individuals and families obtain or remain in safe and stable homes in Multnomah, Washington, Clackamas, and Malheur Counties.
Micronesian Islander Community (MIC): to organize social justice programs, preserve our cultures, and enhance leadership through unifying our diverse communities.
COFA Alliance National Network (CANN): is a 501(c)4 non-profit organization that is dedicated to advocating for social and economic justice for COFA islanders living in the United States, including Hawaii and the territories.
I-94- Retrieve or Apply: Apply for or retrieve your I-94 admission number/record for proof of legal visitor status.
MAGI- Marianas Alliance for Growth of Islanders: Marianas Alliance for Growth of Islanders (MAGI) mission is to celebrate and preserve the unique cultural heritage of the Chamoru/Chamorro and Refaluwasch/Caroline population across the Mariana Islands, while promoting unity and empowerment within the community through entertaining, educating and enlightening.
KALO (Hawaiian Civic Club of Oregon): a 501(c)3 organization that works to bring awareness to the importance of kalo (taro) and Hāloa (first Hawaiian) in remembrance of our Native Hawaiian communities back home and on the continent – thus, creating an opportunity to reindigenize and reconnect our lāhui (people) to the ʻāina (land) and moʻomēheu (cultural identity and values).
SPDC- Samoa Pacific Development Corporation: Samoa Pacific Development Corporation or “SPDC” is a (501C3) non-profit organization that serves the Samoan community in Oregon through educational and economic resources and cultural empowerment. SPDC was founded in 2003 in Portland, OR.
UTOPIA PDX-United Territories of Pacific Islanders Alliance: A non profit run by and for queer and trans Pacific Islanders (QTPIS) established in 2017.
OPIC: The Oregon Pacific Islander Coalition is a community organizing space for Pacific Islander (Melanesian, Micronesian, and Polynesian) organizations and leaders who are accountable to Pacific Islander communities in Oregon.
Pacific Climate Warriors: Warriors of the Pacific are rising peacefully to protect the Pacific Islands from climate change. Far from home, we continue to organize in support of our fellow Warriors.
Path Home: Path Home empowers families with children to get back into housing and stay there.
211info: 211info empowers Oregon and Southwest Washington communities by helping people identify, navigate, and connect with the local resources they need.
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Brokers are the connection between you and the lender, organizing, preparing, informing, and finding solutions for you.
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We have access to several different lenders to find a loan program that fits your needs, your situation. Banks have limited programs.
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Having multiple lender and options gives us access to better rates and lower fees. We disclose it all. Banks aren't required to.
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Two Rivers is a small, local, knowledgeable company that processes our own loans. You talk directly with me throughout the whole process. "For home mortgages, please press 2." Yeah, that doesn't happen here.
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I offer a more positive, informed, personalized loan experience.
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PRE QUALIFIED: Completing the application. You entered in your income info, I pulled your credit and gave you an idea of how much house you can afford along with a simplified breakdown of your loan. AKA: You're thinking about owning a home or refinancing your current one. You want to get a good idea of how the process works, how your credit affects your plans, what loans are available for you, and how to make your home goals a reality. Email me and we'll see where to start!
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PRE APPROVED: You're pre-qualified! Now, you send me your income documents to VERIFY all of the info listed on your application, (there are a few ways to do this). Once it all looks good, I issue a pre-approval letter to your realtor and you're ready to start shopping and make offers! AKA: You know what you want and know what you can get. You're ready to go out and find your dream home or get your refinance started!
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Last 30 days paystubs
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2022 & 2021 W-2's
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2022 & 2021 Federal Taxes, including all statements/schedules
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Self Employed? Please contact me for specifics
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Most 2 recent bank statements (all pages) for any funds used for down payment/closing costs
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Taxes:
Schedule A (Itemized Deductions)
Schedule C Self Employment
Schedule E Rental Real Estate/Partnership Income
DOCUMENTS NEEDED FOR YOUR
PRE APPROVAL
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THE CONVO: Application, Income Verification & Pre Approval Complete
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THE SEARCH: House Shopping Begins or You Start your Refinance!
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THE WIN: Offer accepted, Congrats! Let's start your loan!Numbers are dialed in, estimates are sent out and discussed. Lock your loan OR we float it and keep an eye on the market.
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THE SET UP: I organize all of your income docs and info to submit to a lender (includes collecting updated documents, ordering your appraisal and signing disclosures).
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THE REVIEW: Your loan is in Underwriting and is being reviewed by the lender for your Conditional Approval. Any additional documents will be requested from you during this time as we wait for appraisal and Final Approval from your lender. Process can take anywhere from 15-45 days depending on your home purchase or refinance timeline.
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THE APPROVAL: Lender reviewed and you're clear to close!
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THE CLOSER: Meet me at the title office to sign our final documents, your loan closes within the next day or
*For refinances, there is a 3 day right of reccission. Please allow 5 business days for closing and funding. -
THE KEYS/THE CALL: Loan funds, title records with the county, you get the KEYS! (Or with refi's, a call).
AN OVERVIEW
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MORTGAGE BROKER: the intermediary between you, (borrower) and the mortgage lender (bank).
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FICO SCORE: FICO stands for and was created by the Fair Issac Corporation. 90% of lenders use your FICO score to make credit related decisions. They range between 300-850. When a mortgage broker assesses your credit, they will use the mid score of your 3 credit scores issued from these 3 credit bureaus: TransUnion, Equifax, and Experian. This score is used to figure out your rate and the terms of the loan you qualify for. For example: If you have, 703 from TransUnion, 721 from Equifax, and 714 from Experian, then I would use your mid score of 714.
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GROSS MONTHLY INCOME: the amount of money you earn before taxes or any other deductions are taken out.
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DEBTS/LIABILITIES: your financial obligations each month. This means: real estate loans, car loans, revolving charge accounts (like credit cards and lines of credit), child support, alimony, etc.
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MORE TERMS COMING SOON!