Before searching for a home.
The first step in starting your search for a new home is having a clear idea of your financial situation. For lenders to verify this information, though, they're going to need to look at your financial records. It is also important to remember that you should include records for each person who will applying for the loan. So before you even visit the bank, make sure you'll be able to provide copies of these important documents:
Paycheck Stubs
Lenders are interested in the average income. Not only will they want to see this month's paycheck, but also how much you've been making for the past two years. Steady employment is also more attractive to a lender.
Bank Statements
In order to qualify you for a loan, most lenders will also ask you for your bank statements. Ideally, they'd like to see a steady history of savings.
Tax Records
It's always a good idea to save copies of your tax returns, especially if you're self-employed.
Credit Report
Lenders will want to see a copy of your credit report as part of the loan application process. The report lists all of your long-term debts, as well as your payment history.
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