Gather these Items:

If you’re serious about a home loan, be prepared to have the following information available:
  1. Borrower’s Name: We’ll need the full legal name of the person (or persons) applying for the loan.(For example, Stanley Richard Jones, Jr. and Melissa Sue Jones – not Stan Jones & Missy Jones, unless those are your legal names.)
  2. Borrower’s Income & Employment: This helps determine your ability to repay the loan you are applying for.
    1. Current pay stubs (typically 30 days), if you’re a wage earner.
    2. Last two years of full tax returns, if you’re self-employed.
  3. Estimated value of the property.
  4. Signed purchase agreement, if applicable.
  5. Government ID for all parties applying for a loan:
    1. Social Security Number 
    2. Non-U.S. citizens must provide an approved visa or copy of valid green card
  6. Current assets:
    1. Bank statements for the past two months.
    2. Other real estate owned.
    3. Gift funds.
  7. Current liabilities (existing debts & obligations):
    1. Credit card information.
    2. Auto loan information (and other loans for boats, RVs, etc.).
    3. Personal loan account information, such as student loans, even if deferred.
    4. Other liabilities, if applicable:
      1. Alimony.
      2. Bankruptcy action.
      3. Child support order.
      4. Divorce decree & stipulation.
  8. If you already own a home, be prepared to share your current mortgage information (including home equity loans) and home insurance policy info.

Other Home Loan Application Tips:

Whether you’re applying for a loan to purchase a home or to re-finance, keep these tips in mind for a smooth application process:
  • Avoid opening or closing credit lines during the loan process without talking to your loan officer. Changes in your available credit can impact the process and may cause delays. This includes new credit cards and the financing of other items, such as a boat, golf cart or store credit card.
  • Stay in contact with your loan officer.
    Be responsive to requests for information. Delays can impact your closing dates.
  • Avoid large deposit transactions.
    Contact your loan officer to discuss potential implications. If you must make a large deposit, keep good records of transactions that may appear out of the normal scope of your personal business.
  • Maintain your employment and income. Discuss potential changes with your lender.
  • Got questions? Ask your loan officer.