Home Buyers Information

Financing

Pre-approval

Get qualified before you start to look for a home.  By being pre-approved for a loan, you will know how much a lender is willing to loan to you.

You will save time and energy in keeping your focus in the right price range, on the homes that you can afford.

You may be able to afford more than you thought, and you'll know what all your costs will be so you can stay within your budget.

You will have an advantage as a pre-approved buyer, because the seller will know that you can get the loan and close the deal.

You will also save time on closing your loan, because you will have already assembled your paperwork.

Documents Needed for a Loan

Last two tax returns, plus accompanying Federal W-2 and 1099 forms.

Pay stubs for the last 30 days.

Most recent statements for all your credit card accounts.

Coupon book for any outstanding home, auto, school or other loans.

Bank and brokerage account statements for the past three months.

IRA/Keogh/4019 (k) statements for the past three months.

Title of any cars you own.

Other Documents You May Need

Recent profit-and-loss statements and related documents (if you are self-employed).

Transcript or diploma (if you've been a student in the last two years).

Relocation agreement (if you were transferred into the area).

Sales contract of the home you currently own.

Divorce or legal separation documents.

Bankruptcy files.

Award letter and copy of most recent check if you are on Social Security, retirement, disability, or if you receive funds from a legal settlement.