buying a Home

MORTGAGE INFORMATION

the perfect loan application

Lending institutions may ultimately require the following information for your final loan approval.

However, for pre-approvals, many lenders may take your application over the phone.

employment

• Addresses for the last two full years
• Gross monthly income
• W-2s, if available
• Proof of pensions, retirement, disability or Social Security
• Proof of income from rentals, investments, etc.
• Year-to-date pay stubs

If self-employed:
• 1040 tax returns for the last two years
• Current year profit & loss statement

creditors

• Monthly payments and approximate balances
• Amount of child care expenses

banking

• Names and addresses of savings institutions
• Types of accounts and present balances

miscellaneous

• List of assets in stocks, bonds, land
• Life insurance cash value
• Copy of sales contract if applicant is selling a home
• Social Security numbers for all parties
• Veterans - Certificate of Eligibility & DD-214
• Copy of sales agreement if you are purchasing a home