YOU ARE NOT REQUIRED TO WORK WITH A LENDER YOUR REALTOR SUGGESTS. YOU MAY CHOOSE TO FIND YOUR OWN LENDER.
BELOW IS SOME INFORMATION AND FORMS TO USE AS REFERENCE. YOU ARE UNDER NO OBLIGATION TO USE THE LENDER LINKED TO THIS PAGE.
Applying for a Home Loan
To apply for a home loan, you’ll need to provide information about your income, assets and debts, plus any circumstances that may impact your ability to repay.
Below are some of the items you will need.
INCOME VERIFICATION
- Pay stubs for the last 30 days
- W-2 forms for the last two years
- Child support/alimony - divorce decree or 12 months cancelled checks*
- Award letter for social security, pension and 1099 for disability
IF YOU ARE SELF-EMPLOYED
- Signed, completed tax returns for the past two years, including personal, partnership, and corporate, if applicable, and all schedules.
- Year-to-date business profit and loss statement for current year, if more than three months have passed since the end of the tax year
- Current balance sheet
ASSETS: SOURCES OF FUNDS/DOWN PAYMENT
- Original bank statements for the last three months, including savings, checking, and investment accounts
- Stocks and securities account statements for the last three months
- HUD 1 settlement statement if using funds from the sale of property
- Sale of asset – proof of ownership, proof of sale, and proof of funds transfer
- For gift funds – a gift letter, evidence of transfer, and sometimes evidence of withdrawal
PAYMENT HISTORY
- Cancelled rent or mortgage payment checks for the past 12 months, if not available on credit report
- Copy of land contract, if applicable
- Child support/alimony
- Bankruptcy/Consumer Credit, if received
ADDITIONAL INFORMATION, IF APPLICABLE
- Purchase agreement, including legal property descriptions and any addendum
- Divorce decree
- Explanation of discrepancies on credit
Download the forms and get started
