Q1. What do lenders look for when I apply for a mortgage?

December 11, 2017

As your lender, we will need information on your finances, employment history, and credit. This will allow us to ensure you are pre-approved for home financing and to discover your loan options. In general, if applicable, you will need to provide the following documentation:

  1. The previous month’s pay stubs.
  2. W-2 forms and federal tax returns for the last two years.
  3. Social security award letter.
  4. 1099 for disability income.
  5. Information on rental properties, commissions, and any other sources of income besides salary.
  6. Bank, stock, and securities statements for the last two months.
  7. For gift funds: a gift letter, evidence of transfer, and sometimes evidence of withdrawal.
  8. Divorce decree.
  9. Explanation of discrepancies in credit.

Last modified: December 11, 2017

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