Are you in the market to buy a new house or are you looking to refinance your current loan? Congratulations! Now get ready to do some paperwork.
When applying for a loan, you’re going to need to be ready to provide some paperwork, but the more prepared you are, the easier it will be for you to get into your new home or be able to refinance your current mortgage. Honestly, supplying documents to your lender is probably the least exciting part of buying a home (unless you enjoy doing paperwork and, in that case, we’re not here to judge). Hopefully this condensed guide will help you locate and provide documents to your lender in a timely fashion, so you can get into your new home quicker or enjoy your lower monthly mortgage payments sooner.
To get a mortgage, you’ll need most of these documents to verify your income, employment, assets and debts:
If you’re salaried or earn a wage:
Copy of fully executed sales contract
W-2s from the past two years
Paystubs from the last 30 days
Bank Statements from the past two months
Tax Returns from the past two years
Most recent 401(k) or other asset statements (if applicable)
Copy of driver’s license (Clear and legible preferred)
Social Security Card
Homeowners’ insurance policy and contact information of homeowner’s agent (First time homebuyers, please provide a quote from your agent)
Veterans: DD214, LES or NGB22
Name of preferred title company
If you’re self-employed, a freelancer or an independent contractor:
Copy of fully executed sales contract
1099 statements for the past year
Bank statements from past two months
Tax returns from past two years
Most recent 401(k) or other asset statements (if applicable)
Copy of driver’s license (Clear and legible preferred)
Social Security Card
Homeowners’ insurance policy and contact information of homeowner’s agent (First time homebuyers, please provide a quote from your agent)
Veterans: DD214, LES or NGB22
Name of preferred title company
With these documents readily available, we’ll be able to process your loan quickly. Remember, mortgages are not one-size-fits-all. There might be some documents listed that we won’t need, and other documents not listed that we’ll need, but that’s why we’re here to help you through the process. Contact us now if you have any questions or if you’d like to chat about your home buying or refinancing options. We’ve got some qualified, pleasant individuals around our office ready to talk to you about mortgages. Seriously, they really like to talk about mortgages.
