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First Time Home Buyer Blog: Items Needed For Home Loan/Mortgage Application

By Nima Rezvan CT Lender CT Senior Mortgage Broker

Mortgage and Lending with Nima Rezvan Prosper First Funding Corporation NMLS#110681 NMLS#110681

August 04, 2007 02:11 AM

Dear Reader,

This is a great blog for new first time home buyers across the country not just Connecticut. The following list of items has been compiled for your convenience. You will need to bring this information to your mortgage application in order to expedite the processing of your mortgage loan.

All questions welcome! Visit my Countrywide Home Loans Website by clicking here: Countrywide Home Loans

A check for your credit report and appraisal
Your residence addresses for the past two years
Names, addresses and phone number of your landlords for the past two years
Present value of all real estate owned
Names, addresses, phone numbers and contact person for all employers for the last two years
W-2 Forms for all employers for the last two years
Pay stubs covering the most recent 30 day period (all current jobs)
Addresses, account numbers and current balances for all checking, savings and other deposit accounts
Three most recent months' bank statements (all accounts, all pages)
Name, account numbers, balances and monthly payments for all consumer debt accounts including auto loans, personal loans, student loans, credit union loans and mortgages
Name, account numbers, balances and monthly payments for all credit cards used in the last several months
Evidence of alimony or child support, a copy of the court order and ages of child(ren)
Copy of divorce decree and separation agreement
Social security and other benefit award letters if being used toward qualifying income
Stock information including names of stocks, share owned, current price per share and last three month's stock statements (or most recent quarterly statement)
Make, year and estimated value of all automobiles. Also include copy of title if auto is less than four years old and owned free and clear.
Documentation relating to any special issues such as bankruptcy, credit problems and recently established accounts for deposits or loans
Copy of deed, most recent tax bill and most recent homeowner's insurance bill (for refinance only)

FOR VA LOANS:

DD214 of Certificate of Eligibility (original)

IF YOU ARE SELF EMPLOYED:

Two years personal tax returns
Two years partnership/corporate tax returns (if applicable)
Year to date profit and loss statement, signed by accountant

IF YOU ARE APPLYING FOR A NO-DOC LOAN:

Three months' original bank statement or other proof of source of funds for closing

REAL ESTATE AGENTS, PLEASE PROVIDE:

Copy of listing card
Complete ratified contract of sale (all pages)
Your personal business card
Name, address and phone number of condominium management company (if applicable)

(D.C chfa)

Also for a similar informative First Time Home Buyer blog, view: 10 Things Borrowers Should Avoid When Applying For A Mortgage

Contact me today with any mortgage/loan questions that you might have by clicking here: Contact Nima now!

If you would like to get started now for a NO-OBLIGATION FREE MORTGAGE PREAPPROVAL then please click on this link: FREE Home Mortgage Pre-Approval

Thanks for visiting my blog today and please come back again real soon.