When you decide to purchase or refinance a home you will need to fill out a loan application form, gather several documents, and sign a set of disclosures in order to initiate the mortgage process. These documents include things like tax returns, pay statements, bank statements, and so forth. Get the process moving and see how easy it can be.
When all disclosures are signed and you have supplied all the requested documents, then the mortgage process can begin. Your credit will be reviewed and your income will be analyzed to determine how much house you can afford. There are different loan programs to choose from as well. Consult with your loan officer as certain programs require specific qualifications. Some choose to start by taking a free home buyer class.
Here is a list of some the basic documents/ information you need to supply:
- Copy of your driver’s license
- Last 2 years of signed filed tax returns and W2s
- Last 2 months of bank statements ( be prepared to clarify the source of any large deposits )
- Last 30 days of pay-stubs
Further documentation may be required if there are divorce/ child support issues, rental properties, retirement income, or if you have filed bankruptcy.
Your cooperation and quick response to requests the loan officer makes will help expedite your loan and save future stress and delays in the process.
Securing a home loan these can seem like a daunting task, however, the pains can be significantly reduced given the proper guidance from trusted professionals.
Ask me to send you a link and apply online today for a free mortgage analysis!
By: Nevin Bunnell
Loan Officer NMLS #706212
Licensed Mortgage Loan Originator #22815VA
Don is someone that truly cares about people. He absolutely will make sure that everything you need, whether buying or selling, is taken care of! He’s a wonderful man and a fantastic real estate agent!
~ Brandi, Real Estate Friend