What you need to get a loan

cartoon of woman looking at documentsThe loan application process can be a lengthy and tedious process.  The lender will tell you what you need to get a loan. There will be a long lists of items they will ask you to provide to them. If you are considering buying a home, it may be worth your time to start collecting all the documents in advance.



The first thing the lender will ask for is a copy of the purchase contract and information about the property if you have an offer that has been accepted.  


The lender may require some personal information from you.
Social Security number
Date of Birth
Marital Status
Years of schooling
Number and ages of dependents
Current address and telephone number
Addresses for the past seven years
Current housing expenses(rent, mortgage, insurance, taxes)
Name and address of your landlord or mortgage holder for the past two years


cartoon of a man with a stack of papersThe Lender will ask you to provide copies of your employment history and income.
Two years of employment history
Recent pay stubs and two years of W-2 forms
Complete tax returns and financial statements, if self-employed
If you have been unemployed for any length of time the lender will want a written explanation of employment gaps
Statements of dividends and interest received
Information of other income



Assets
You will be asked to provide complete information on all bank and money market accounts
Usually a lender will ask for two or three months of bank statements
The lender will want current values of stocks, bonds, mutual funds and other investments
Any vested interest in retirement funds
They may ask for the value of your life insurance policies
The lender may ask for information on any vehicles you own
Additionally, if you own investment property the lender will need information on all real estate you own
The lender will want to know of the value of any significant personal property you own
And of course, the lender will want to know about any liabilities and debts
Itemized list of all current debts(loans, credit cards and other bills)
If you have had problems with your credit, the lender will request a written explanation of past credit problems and full details of bankruptcy during the last seven years
Additionally, there will be fees charged for credit report and appraisal.


Call me at 510-504-5612 for a free list of all the steps you will need to navigate when you purchase your dream home. Check out my facebook page Living in Alameda.




I CAN HELP YOU BUY OR SELL REAL ESTATE IN ALAMEDA, CALIFORNIA

EVELYN KENNEDY

EVELYN KENNEDY, CRS, SRES, ePro

CALL ME AT 510-504-5612 OR VISIT MY WEBSITE FOR FREE ALERTS FOR HOMES IN ALAMEDA, OAKLAND, EMERYVILLE, SAN LEANDRO, SAN LORENZO AND CASTRO VALLEY


DRE#00979900

EMAIL ME AT EVELYN@EVELYNKENNEDY.COM

 

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4 Comments on What you need to get a loan

JUL
17
473,227 Points 12 Featured Posts Attended Rain Camp Called Shot Master

Evelyn,  This is a good non threatening way to share valuable information about the underwriting process.
11:49pm • #1
OCT
27

    HEAD OFFICE----Address:6th Floor,60 Gresham Street,London EC2V 7BB. ...
    British approved loan lending company based in London, England.
    E-MAIL---willemsmithloaninsuranceplc@gmail.com

    =========================================================================================
    We are GROUP OF Organization formed to help people in needs of helps,such as financial help.So if you are going through financial difficulty or you are in any financial mess,and you need funds to start up your own business,or you need loan to settle your debt or pay off your bills,start a nice business, or you are finding it hard to obtain capital loan from local banks,contact us today via email willemsmithloaninsuranceplc@gmail.com
 for the bible says""Luke 11:10 Everyone who asks receives; he who seeks finds; and to him who knocks, the door will be opened".So do not let these opportunity pass you by because Jesus is the same yesterday, today and forever more.Please these is for serious minded and God fearing People.

    Available Loans we offer are,
    * Personal Loans (Secure and Unsecured)
    * Business Loans (Secure and Unsecured)
    * Combination Loan
    * Consolidation Loan And Many More:
    * International Loans
    * Investors Loans

    You are advise to fill and return the details below..
    LOAN APPLICATION FORM (BORROWERS REQUIREMENTS)
    = NAME:...............................
    = CONTACT ADDRESS:....................
    = LOAN AMOUNT IN EUROS/POUNDS:........
    = LOAN DURATION:......................
    = PURPOSE OF LOAN:....................
    = GENDER:.............................
    = MODE OF FUND RECEPTION:.............
    = COUNTRY:............................
    = OFFICE/HOME PHONE NUMBER:...........
    = OCCUPATION:........................
    = ZIP/ POSTAL CODE:..................
    = CITY:..............................
    = BANK ACCOUNT BALANCE:..............
    = NEXT OF KIN:.......................
    = MARITAL STATUS:....................

    Furthermore you will have to choose your payment options below:

    Western Union Money Transfer (24hours)
    Bank to Bank Transfer (48hours before cash is available after transfer completed)
    ATM Card in Your Currency (4 Working Days)
    Bank Certified Cheque (9days to mature before you can withdraw with it)

    We will need you to send us a scanned copy of your Id for identification. It is very important you send it down along with
    the loan application details you are to send us afterwards.

    Act fast and get out of financial stress, mess and hardship by contacting WILLEMSMIYH Today via Email at: willemsmithloaninsuranceplc@gmail.com
 .You shall be treated with the best of our resources until you get this funds transferred into your account, and your quick and fast respond determines how fast you shall be receiving your loan. Without any delay Apply for your best and easy Loan here with us. Please email to Us on Via
    email: willemsmithloaninsuranceplc@gmail.com

    REGARDS
    john moore
    .
HOPE TO HEAR FROM YOU SHORTLY
willemsmith
7:43pm • #2
NOV
22


                                   XMAS AND OTHER LOAN OFFER

hurray! hurray!! hurray!!! it is Xmas season world wide loan is giving out Xmas loan. Do you need a business loan? you need a private loan?
Do you need a loan to sort your financial crisis,we now give out all kinds
of loan at 3% OK.interested person should contact us via
Email:worldwideloanfundplc@gmail.com
mr paker
5:05pm • #3
DEC
19

Good day, My name is Mr.Joe Kings have been arranging loans for many years. 3% is my interest rate and lower cost than any one else in town. Contact me today E-mails:joe.kingsloanoffer@gmail.com Loan Application Form *Full Name........................ *Gender........................... *Loan Amount Needed............... *Loan Duration..................... *Country.......................... *Home Address...................... *Phone Number...................... *Fax............................... *Occupation................... *Purpose of loan............... *Monthly Income.................... Thanks for your time i wait to hear for you, Mr.Joe Kings
Mr Joe Kings
7:02am • #4


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Evelyn Kennedy, Alameda Real Estate, Alameda, CA

Alameda, CA

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Gallagher & Lindsey, Alameda, California

Address: Alameda, Oakland, Emeryville, San Leandro, Castro Valley, San Lorenzo, Alameda, CA, 94501

Office Phone: (510) 748-1120

Cell Phone: (510) 504-5612

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