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. There are many types of home loans so the requirements might vary depending on which one suits you best.

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!