Organize your Documents
When meeting with your Loan Originator, it is always helpful to have this information available:
- Form of Identification (Driver’s License, Passport, etc)
- Previous 2 years’ tax returns and W-2s
- Last 3 consecutive paycheck stubs (5 if paid weekly)
- Name, address, and phone for past 2 years’ residences and landlords. Renters need proof of 12 months’ rent payments.
- Last 2 months’ statements for savings, checking, CD, money market accounts, etc.
- Recent statement on retirement accounts (IRA, 401K, 403-B, Annuity, etc.)
- If applicable, divorce decree
- If applicable, bankruptcy schedules/discharge papers
- If not a US citizen, provide a copy of your green card (front & back). If not a permanent resident provide a copy of your H-1 or L-1 visa.
How much are you qualified to borrow?
When buying a home, your Realtor will often ask if you have been pre-qualified. Whether on the phone or on the Internet, you can be pre-qualified in mere minutes.
It’s always a good place to start as a lot of your questions can quickly be answered.
The benefits of a “PreQual” are:
- Informs you of your maximum affordable home value. Saves you from previewing properties outside your price range.
- Improves your negotiating position
- A PreQualified loan helps you close quickly.
Contact Loan Officer
Let the Loan Specialists at Lending Hand Mortgage shop the loan programs that best fit your needs.