Here is a handy and simple checklist that I supply my buyer’s with when they are applying for a home loan. Preparing this information up front makes the process much smoother.
□ W-2 forms — or business tax return forms if you’re self-employed — for the last two or three years for every person signing the loan.
□ Copies of at least one pay stub for each person signing the loan.
□ Account numbers of all your credit cards and the amounts for any outstanding balances.
□ Copies of two to four months of bank or credit union statements for both checking and savings accounts.
□ Lender, loan number, and amount owed on other installment loans, such as student loans and car loans.
□ Addresses where you’ve lived for the last five to seven years, with names of landlords if appropriate.
□ Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
□ Copies of your most recent 401(k) or other retirement account statement.
□ Documentation to verify additional income, such as child support or a pension.
□ Copies of personal tax forms for the last two to three years.
For more info, visit my Buyer’s Center HERE, at http://www.JosephCapote.com
Filed under: Buyer's Blog, checklist, first time homebuyers, lender documents, loan documents, mortgage documents
Joe Capote 