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To apply for a loan, you will have to provide the lender with detailed documentation of your financial history. The lender will request a credit report from a credit agency and will verify the information provided in your loan application.
Be Prepared to Provide:
-Copies of checking and savings account statements for the past two months
-Evidence of any other assets such as bonds, stocks, or money saved in retirement programs (i.e. 401k or 403b program)
-Recent paycheck stubs (Covering the last 30 days)
-W-2 and federal income tax returns for the past two years to verify your income and proof of employment
-The name and address of someone who can verify your employment
-Residence history for the past two years
-Sales contract for the purchase of a new home
-Homeowner's association information with contact information if property is a condo or part of a homeowner's association
Additional Items Needed for Refinances:
*****Current mortgage statement
*****Current tax bills for city/township and school district
*****Homeowner's insurance declaration page
Additional Items Needed for Veterans:
*****Copy DD214
