What are the basic items needed when applying for a home loan?
• Driver's License
• Social Security Card
• Most recent pay stubs covering the past 30 days worth of income
• W-2's for past 2 years
• Signed & Dated Federal Tax Returns with all schedules and pages for past 2 years
• Most recent official Bank Statements for past 2 months (all pages) OR past 60 days transaction history of bank accounts. The transactions history must be stamped and signed by the bank teller.
• Most recent official statements of Investments, IRA's, 401k's, etc. for the past 60 days or most recent official quarterly statement (all pages).
Having the right documentation at your first meeting with a Mortgage Lender is the first step in the right direction for a successful loan application.