Do You Know What Documents to Take With You When You Apply for a Loan?

By
Real Estate Agent with Keller Williams Realty 12345   

Do you know what documents to take with you when you apply for a loan?

So you've found a great house and negotiated a fair price.  Now it's time to meet with a loan officer and make your formal mortgage application.  The whole process will run smoother if you've already put together the needed documents.

  •        Copies of one or more months of pay stubs from every person signing the loan
  • Copies of W-2's and personal tax returns for last 2 to 3 years
  • Copies of 2 to 4 months of bank or credit union statements for both checking and savings accounts
  • Copies of brokerage account statements for 2 to 4 months, as well as a list of any other major assets of value, e.g., boat, RV, or stocks or bonds not held in a brockerage account
  • Copies of your most recent 401K or other retirement account statement
  • Documentation to verify additional income, such as child support, pension, overtime, bonus,etc
  • Copies of titles to any vehicles which are paid in full
  • Account numbers of all your credit cards and the amounts of any outstanding balances
  • Lender, loan number and amount owed on other installment loans -- student loans, car loans, etc.
  • Addresses where you lived for the last five years, with names of landlords, if appropriate
  • If you're self employed, provide profit and loss statements and tax returns for 2 to 3 years
  • Copies of alimony or child support payments

Bringing all of these things with you when you make your application will help to speed up the loan approval process.

 

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Unless otherwise noted, blogs are authored by Tonda or Steve Hoagland

 

 

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Tonda & Steve Hoagland

Real Estate - Greenwood Homes for Sale - Central I
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