We take pre-qualifications and pre-approvals seriously. Because we put so much weight behind them, below is a list of documents we require in order to issue a pre-approval. Once a complete application and these items are recieved we will pull credit and analyze the your loan file.
The following documents may be requested to obtain new mortgage loan:
- Past two (2) years W-2 statements
- Pay Stubs covering the last (30) thirty days
- Two most recent monthly bank statements
- Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
- Photocopies of any certificates of deposits
- A letter of explanation for any known credit problems
- If you are currently renting….either 12 months canceled rent checks or the name and address of your current landlord so a verification of rent can be ordered
Also, the following documentation is also generally required.
For a refinance:
- A copy of the deed, and most recent tax bill
- A copy of the insurance policy with agent's contact informaton
- A copy of existing property survey
For a Purchase:
- When accepted, a signed purchase contract
- Realtor contact information
- Condo Association contact information.
For a VA Loan:
If you are divorced:
If you are self employed, employed in sales, paid by commission,or own rental real estate:
- Two (2) years signed personal tax returns - including all schedules
- If self-employed through a corporation, last two years corporate returns as well as a year-to-date profit and loss statement and balance sheet
Different programs require varying amounts of documentation. The loan program you select may require more or less documentation. Please contact us for a free, no-obligation consultation.
