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"Documents Needed For Home Loan Application"
Getting a home loan can seem complicated for some people but it's really not. All it takes is a few documents, and some patience. This article will list the documentation required to proceed with your home loan.
The most important thing to understand is that the loan approval process is 100% dependant on your documentation. To insure a smooth transaction, it is imperative that you have all of your documents gathered prior to you initial loan application. Following is a list of all the documents you will need. Please feel free print this screen and use this as a checklist.
Employment Information
 | Most recent two years complete tax returns with all schedules. |
| Most recent two years W-2's, 1099's, etc. |
| Most recent pay stubs covering one month period. |
| If Applicable: Self-Employed will need Three years Tax Returns and YTD Profit & Loss Statement. |
Savings Information
| Most recent three months complete bank statements for any and all accounts with all pages. |
| Most recent statement from retirement, 401k, mutual funds, money market, stocks, etc. |
Credit Information
| Most recent statements from your bills, indicating minimum payments and account numbers. |
| Name, Address, and Phone number of your landlord, or 12 months cancelled rent checks. |
| If Applicable: Should you have no credit. Copies or your most recent utility bills will be needed. |
| If Applicable: Copy of complete Bankruptcy and Discharge Papers. |
| If Applicable: If you co-signed for a mortgage, car, credit card, etc, need 12 months cancelled checks. front and rear, indicating you are not making payments. |
Personal Information
| Copy of Drivers License. |
| Copy of Social Security Card. |
| If Applicable: Copy of complete Divorce, Palimony, Alimony Papers. |
| If Applicable: Copy of Green Card or Work Permit. |
| If Applicable: If you own another home(s) - see below |
If a Refinance or you own Rental Property
| Copy of Note & Deed from current loan. |
| Copy of Property Tax Bill. |
| Copy of Hazard (homeowners) Insurance Policy. |
| Copy of Payment Coupon for current Mortgage. |
| If Applicable: If property is multi-unit, need Rental Agreements. |
Additional documents may be needed upon review of your file and on a case-by-case scenario.
Andre Plessis
Andre Plessis
"The Mortgage Guru"
P.S. If you are at all intimidated or unsure about the mortgage process if you don’t understand how to evaluate your options in getting a mortgage loan our 15 key questions will help you feel comfortable that you are making the best decisions. Also if you are in the process of refinancing your home with anyone, CALL ME and I will let you know if you are being offered the best loan option based on market conditions and your financial situation.
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