10 Things Your Lender Needs When You Apply For A Mortgage

Dated: 01/20/2019

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Applying For Mortgage


If you are a first time home buyer, congratulations! You are getting ready to embark on an exciting journey, and preparation is the key to a smooth process. The initial step in the home purchase transaction should be to sit down with a lender to get pre-approved for a home loan. We want to point out that there is a big difference between getting pre-qualified and pre-approved for a home loan. When you are ready to start actively searching for a home, you want to be armed with a pre-approval letter from your lender, which tells your real estate professional and the seller of your dream home that you have been thoroughly vetted. A pre-approval letter indicates that the lender has run your credit score and looked at specific documents you have provided  in order to determine the amount they are willing to loan you. So what documents will you need to provide in order to get pre-approved for a mortgage? 

Take a look at the checklist below so you have a better idea of what you need to gather: 

What Your Lender Will Need When You Apply for a Mortgage

  1. W-2 forms — or business tax return forms if you're self-employed — for the last two or three years for every person signing the loan.

  2. Copies of at least one pay stub for each person signing the loan.

  3. Account numbers of all your credit cards and the amounts for any outstanding balances.

  4. Copies of two to four months of bank or credit union statements for both checking and savings accounts.

  5. Lender, loan number, and amount owed on other installment loans, such as student loans and  car loans.

  6. Addresses where you’ve lived for the last five to seven years, with names of landlords if appropriate.

  7. Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.

  8. Copies of your most recent 401(k) or other retirement account statement.

  9. Documentation to verify additional income, such as child support or a pension.

  10. Copies of personal tax forms for the last two to three years         


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