HOME BUYERS GUIDE - ITEMS YOU WILL NEED FOR A MORTGAGE LOAN APPLICATION

HOME BUYERS GUIDE - STEP 7

ITEMS YOU WILL NEED FOR YOUR LOAN APPLICATION

PERSONAL INFORMATION

Residence Address for the last 2 years

Divorcee Decree (if applicable)

Drivers License for ALL Applicants

EMPLOYMENT

Employer Names and Addresses last 2 years

Gross Monthly Income

Copies of the last 2 years W-2 Forms

Pay Stubs Covering a full 30 day period (indicate Year To Date)

If your pay stubs are on-line you must access & be able to supply to Lender

Verification of Additional Sources of Income

If Self-employed

2 years 1040 Tax Returns

Current Year profit & loss statement

BANKING

Last 2 months of Bank Statements or Passbook Savings

Showing names, addresses, account number and account balance

MISCELLANEOUS

Info on all Cash Assets, Stocks, Bonds, Real Estate, Life Insurance

Veterans: Certificate of Eligibility

Check for Credit Report and Appraisal Fees - Approximately $400.00

VA - VHDA - FHA - USDA Loans require more intensive paperwork -

Your Lender will advise you of these additional requirements.

THE REQUIRED PAPERWORK MUST BE GIVEN TO YOUR LENDER IMMEDIATELY - IF YOUR LENDER CALLS YOU TO REQUEST OTHER INFORMATION - YOU MUST PROVIDE THIS IMMEDIATELY.

KATHY MYERS CARSON, ABR, GRI

RE/MAX 1ST OLYMPIC - LYNCHBURG, VA

434-660-4025

kcarson@jetbroadband.com

Follow me on TWITTER @ KATHY CARSON

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"CALL MY SELL!!"