Getting Qualified: What you need to apply for a mortgage

Getting Qualified: What you need to apply for a mortgage

So you are thinking of purchasing a home? If this is your first time purchasing a home, congratulations! I hope I can help guide you through your journey. If you have been through the process before and just need a refresher, I am glad to help.

To get preapproved for a mortgage, lenders require the following documentation:

Proof of Income
• Bank Statements (Last 2 Months)
• Last 2 Months Paystubs
• W-2
• Last Year’s Income Tax Return
• Business Tax Returns (if Self Employed)
• Business Bank Statements (Last 2 Months/if Self Employed)

Identification
• ID (Driver’s License, Passport, Government Issued ID)
• Proof of Citizenship/Residence
• Proof of Military Service (DD-214) (if applying for a VA Loan)

Proof of Funds
• Proof of Reserves/Funds for Down Payment & Closing Costs
• Gift Letter (if applicable)

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