Mortgage Loan Application Checklist

Real Estate Agent with Sulek & Dutton Real Estate

I get this question all the time "What's the first step to buying a home?" The answer is always the same "get your financing in place."

Mortgage Loan

If you are in the majority of the public, you will need to get a mortgage loan to purchase a home. There are various programs available through a wide variety of Ohio Valley lenders. Obtaining a pre-approval from a lender may be done over the phone in some cases, but at some point you will need to meet with the lender and start the loan application process. There are many steps to financing. The following is a list of items that you will need to have readily available.

[] Purchase agreement signed by all parties
[] Fee for appraisal and credit report
[] Residence addresses for past 7 years
[] Home and business phone numbers
[] Social security numbers for all applicants
[] W-2 forms for all employers for past 2 years, plus paycheck stubs     from last month showing year-to-date earnings
[] If self-employed or more than 25% owner of a business, complete personal and business tax returns for past 2 years, plus current P & L
[] if child support or alimony are to be considered as income, copy of divorce decree and court payment record.
[] Documentation showing amount of retirement, disability or social security income you receive
[] Checking and savings account statements for past three months
[] Account statements from stockbrokers or mutual funds
[] List of all debts including mortgages and credit cards. Addresses of creditors, account numbers, monthly payments and balances owed.
[] Landlord's name, phone number and address.
[] If downpayment is from sale of present home, copy of listing contract, purchase agreement or closing statement.

The above list is to be used as a reference tool, lenders requirements can vary and additional information may be required.

Melissa Sall, Realtor
Sulek & Dutton Real Estate
Direct line (740)338-9303

Posted by

Melissa Sall

Real Estate Professional

Sulek & Dutton Real Estate

50966 National Rd.

St.Clairsville, OH 43950



Cell: (740)338-9303

Comments (2)

Jenifer Lower
Bozeman Montana Real Estate .net - Bozeman, MT
Your Dream. Our Passion.

Great check list. 

Sep 26, 2011 08:28 AM
Melissa Sall
Sulek & Dutton Real Estate - Saint Clairsville, OH
Realtor ~ Belmont County ~ Ohio

Thank you Jennifer!!

Sep 26, 2011 08:35 AM

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