What to Bring for your Loan Application
Talking with a loan officer in order to get pre approved for a loan is the first and most important step in the home buying process. This can be an intimidating and vulnerable process, but working with the right lender can help make the process streamline and comfortable. To make the process even easier, here is a list of the important things to bring when meeting with your loan officer to see what you qualify for:
- Schedule of real estate owned, including type of property, type of loan, monthly principal and interest, taxes, insurance amounts and rental agreements
- If you were a full time student at any time in the past 2 years, please be prepared to verify by diploma or transcripts
- If you rent, supply landlord’s name and address (cover a 2 year period).
- Year-to-date pay stub and W-2 forms for the past 2 years
- Self-employed and commissioned borrowers: Signed copies of federal tax returns (all schedules) for the past 2 years and year-to-date profit and loss statement and balance sheet
- Account numbers for each bank account where deposits are held, plus the name, address, and zip code for each depository, and two months banks statements for each account.
- The name(s) and addresses of present and any previous employers to verify a full 2 years, sales contract and a copy of your earnest money check.
By bringing these when you meet with your loan officer can make your loan application process smoother and give a great insight into your current financials and what homes you can qualify for.
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