Documents Required When Applying for a Loan

When applying for a loan, there are specific documents you need to bring in order to be considered. Sometimes it is a little unclear about what to bring, so below I have written a little bit about each document needed.

Verification of Income

  • Earnings Statement: W-2 forms, recent pay stubs and tax returns from the past two years
  • If Self-employed: profit.loss statements and tax returns for the current year and past two years
  • Any Additional: social security, overtime bonus, commission, interest income, veteran’s benefits, and any others if applicable

Verification of your assets

  • Bank account numbers, bank branch address, checking and savings account statements for the past 2-3 months 
  • Savings bonds, stocks or investments, as well as an estimate of the market values
  • Copies of the titles of any vehicles that are pai in full

Information about the purchase

  • Copy of purchase contract
  • If you made a deposit to the seller, bring a copy of cancelled deposit check

Your debts

  • A couple periods of credit card bills
  • Any consumer debt loans (if applicable)
  • Evidence of mortgage (if applicable)
  • Copies of alimony or child support (if applicable)

I really hope this information has helped you, so you will be prepared when you need a loan. If you have any questions about mortgages and/or loans, call Brian Quigley at (720) 545-9068!

By | 2017-07-12T05:34:47+00:00 February 6th, 2013|Housing Analysis, Mortgage Guidelines|0 Comments

About the Author:

Hello, my name is Brian Quigley and I have been in the Denver mortgage industry since 2003. I have been fortunate enough to choose this very rewarding mortgage broker career and help thousands of borrowers over the years. Customer satisfaction is important to me most, and getting my clients to the closing table smoothly.

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