The success of your home purchase depends on having the best people on your team and getting things done on time. I recommend you make a loan application this week...call a mortgage officer, make an appointment this week, and take the items on this list.
If you have any questions or your would like recommendations of reputable lenders whom I work closely with, call me. I'm here to make things easy.
* Processing, underwriting and funding are done locally
* Reasonable fees and interest rates can be expected
* Quicker loan decisions upon completion of the application
* Quoted rates and terms can be expected Closing dates are more likely to be met
Employment
* Names and addresses for two full years
* Gross monthly income W-2s for two years, if available
* Year to date pay stub Proof of income from rentals, investments, etc.
* Proof of retirement, disability or Social Security
* Proof of child support or alimony paid/received
If self-employed
* Two years Federal Income Tax Returns
* Current year profit and loss statement
Creditors
* Each creditor's name, addresses and type of account
* Account numbers for each
* Monthly payments and approximate balances
* Amounts of child care expenses
Banking
* Names and addresses of banking institutions
* Account numbers for all accounts
* Type of accounts and present balances
Miscellaneous
* Life insurance cash value (documented if used as cash down payment)
* If applicant is selling a home, a copy of sales contracts
* Social Security numbers for all parties
* Veterans - Certificate of Eligibility & DD-214
* Cash or check to pay for application fee
Property
* Copy of sales agreement
* Copy of listing on property
* Instructions on how appraiser is to gain entrance
