Mortgage Info

Items Needed to Secure a Home Loan

To make your loan application go smoothly, the following documents are generally needed to complete the loan application process. Keep in mind different lenders may require different documentation, but the following items are almost always necessary:

* Most recent two pay stubs
* Last two year’s W-2’s
* Information on long-term debts
* Most recent two to three months bank statements
* Two year’s tax returns (if self employed)
* Home address(es) the past two years (and landlord contact information if applicable)
* Copy of sales contract and estimate of proceeds, or settlement sheet (if you have or will be selling a home)
* Proof of any other income
* Address and description of the property you wish to buy
* Copy of sales contract on home purchase (and disclosures)
* Copy of driver’s license for all borrowers

During the application process, the lender will order a credit report and a professional appraisal of the property you want to purchase. The application process typically takes two to six weeks.