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Another Property Win!

We have access to every property listed on the market. If your desired property is listed for sale, we GUARANTEE you that we have access to it.

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Planning to Buy a Home?

At Katina Prevails Real Estate, Corp. - Dreams Fulfilled in Jacksonville, Florida, we’ll help you get started. To get pre-approved for a home loan, determine your debt-to-income ratio. To do this, your lender will pull out your credit. This value will tell how qualified you are to obtain a certain mortgage loan. You’ll get the results the same day and receive a pre-approval letter.

Requirements for Residential Financing

  • Credit score: 620 and up.
  • Downpayment: 3% - 3.5%
  • Current pay stub, two most recent bank statements, W-2 forms (last 2 years)
  • Must be at least for a minimum of 1 year (or in the same line of work if you've changed jobs within a year). Job must be in the same state where you’re buying a home. If self-employed, your tax returns need to confirm self-employment for the last 2 years.
  • Filed Tax Returns (Last 2 Years)
  • Any B/K must be a minimum of 1 year from discharge for FHA mortgages.
  • Any prior foreclosure must be 1 year from when the previous bank sold the property, assuming your credit has been reestablished.
  • Documentation of the source of your down payment: investment or savings account statements showing at least a 2-months history of ownership. If some of the funds were a gift, get a signed statement from the giver stating that the funds were a gift.
  • Documentation of name change, if recent
  • Proof of your identity (drivers' license or non-driver ID)
  • Social security number
  • Certificate of housing counseling or homebuyer education, if you have one service member or veteran should obtain a certificate of eligibility from Virginia.

NOTE: A Pre-Approval Letter is simply an analysis of your creditworthiness and depends upon verification of other documentation including but not limited to: proof of employment, income, filed tax return verification, rental history verification, and a final underwriting review from your lender.


A Proof of Funds letter is required from your bank if you're paying cash to confirm your cash assets.


A Pre-Approval Letter is a letter from your lender to confirm the loan amount and financing.


Contact us directly for commercial financing recommendations. 

5 Things to Increase Your Credit Score

1. Payment History

2. Payment history accounts for how you have paid your bills in the past, balances on your credit accounts, the type of credit you have, and how many late payments have occurred. Balances owed on your account.

3. Length of credit history. The longer you have accounts, open the better.

4. New Credit

5. Mix of Credit


Mix credit is a diverse credit type you have. A mortgage or student loan is an example of installment credit. Revolving credit includes credit cards. To get more tips on how to increase your credit score, sign up for free on Credit Report.

Credit Do’s and Don’ts

Do's

  • Keep your same insurance company
  • Stay current on all existing accounts
  • Continue to use your credit as normal
  • Keep working at your current employer
  • Continue living at your current residence
  • Continue making your mortgage or rent payments
  • Provide requested documentation promptly and in its entirety

Don'ts

  • Join a new fitness club
  • Change bank accounts
  • Close any credit card accounts
  • Open a new cellular phone account
  • Start any home improvement projects
  • Finance any elective medical procedure
  • Change your employment or marital status
  • Make any major purchases (car, furniture, jewelry, etc.)
  • Make any large cash deposits into your bank accounts
  • Transfer any balances from one account to another
  • Consolidate your debt onto one or two credit cards
  • Apply for new credit or open a new credit card
  • Max out or overcharge on your credit card accounts
  • Take out a new loan or co-sign on a loan
  • Pay off any loans or credit cards, charge offs, or collections without discussing it with us first
  • Have your credit pulled or dispute any information on your credit report during the loan process

The Cost of Renting Versus Buying

Once you decide to become our customer, we’ll guide you throughout the Pre-Approval process. First, you must be pre-approved to shop for a home. This will determine the price range of properties that’s suitable for you.


Except VA loans, most home loans will require you to give a down payment on the purchase. (Note: VA buyers still have to get pre-approved for a loan. VA does not directly provide home loans.


For instance, if your home’s purchase price is $400,000 multiplied by 3.0% (the estimated interest rate) which is equal to $12,000 down payment, which does not include closing cost.


The closing costs are fees that the lender will charge from you in order to close and package your loan. Although the seller often assists in helping buyers pay a percentage of their closing cost, it is not a requirement of the seller. Your lender can give you an estimate of your closing cost prior to closing.

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