Gather Your Loan Information.
Before you apply for your
loan, make sure you have all of the information you need to apply for the
loan. Common items that you will need to supply before and after the
initial application include:
At initial application:
- Social security number
- Name and social security number of any co-applicants
- Property Address
- Phone Number
- Residence Address
- Previous Residence Address (for credit report)
- Estimated Value of Property
- Annual Income
After Applying for a Loan:
- Proof of Employment and Income (a recent check stub)
- Last year's W-2 forms
- Last 2 years of income tax returns
- A copy of your most recent mortgage statement
- A recent bank statement
- A copy of the home purchase contract (if applicable)
- If you received a cash gift, you need a copy of the check and the
name of the gifter
- If you own other real estate, you may need the lease information,
property tax and insurance documents
- If you receive alimony or child support, you may need evidence of
the income (canceled checks or bank statements)
- If you've had a bankruptcy in the past seven years, you'll need a
copy of the agreement and an explanation of the circumstances
- If you currently pay rent, you may need to supply the name and
address of your landlord
- If you receive social security, you'll need a copy of the awards
letter and a copy of a recent benefit check
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