To apply for a loan, you will have to provide the lender with detailed documentation of your financial history. And the lender will request a credit report from a credit agency and will verify the information provided in your loan application. There are some types of document what you need to prepare :
- Signed Mortgage Application; Including Disclosures
- Mortgage Application Fee
- Most Recent 30 days of Pay Stubs for All Employers
- 2 Most Recent Years W2s and tax return may be requested.
- Most Recent 2 Months Bank Statements (DOCUMENTING PROOF OF 2-6 MONTHS RESERVES, OR FUNDS FOR DOWN PAYMENT WHICHEVER IS REQUIRED BY UNDERWRITING)
- Homeowners Insurance Declaration Page and Insurance Agent Name and number
- MONTHLY STATEMENTS FOR ANY and LOANS ALL LOANS BEING PAID OFF
- All Asset Information to Support Application ( Retirement Accounts, Saving Accounts, Stocks, Bonds, IRAs) Only If you are putting money down from these accounts, or if you are using any of these accounts to qualify.
- Property Tax Bill- For Refinances Only
- Real Estate Agent Name and Telephone Number & Email Address- All Contact Information
- Signed (BY BOTH PARTIES!!!) Purchase and Sale Agreement ( NO RATE LOCK WITHOUT THIS DOCUMENT)
- Copy of ALL Checks Cleared for PROOF of DEPOSIT- Bank Statements May be Necessary
- Last 2 Years Tax Returns ALL PAGES-Documenting Proof of Income
- Business License Showing 2 Years Employment or CPA Letter
- Alimony/Child Support Documents
- Copy of Pension Award Letter/Statement- That States Terms and Duration of Payments
- Copy of Disability Award Letter/Statement- That States Terms & Duration of Payments
- Bankruptcy Discharge Documents
- Separation Agreement
- Divorce Decree
- Letter of Explanation for any Derogatory Credit
- Letter of Explanation for any Credit Inquiries over the past 90 Days.