10 Things Your Lender Needs from You

Each lender has slightly different requirements regarding what documents they need from you for the pre-approval process, but in general, expect to provide the following items:

1. For every person signing the loan, W2 forms or business tax return forms, if you’re self employed, for the last 2 or 3 years.
2. Copies of at least 1 pay stub for each person signing the loan.
3. Account numbers of all your credit cards and the amounts for any outstanding balances.
4. Copies of 2-4 months of bank or credit union statements for both checking and saving accounts.
5. Lender, loan number, and amount owed on other installments such as: student loans or car loans.
6. Addresses where you’ve lived for the last 5-7 years, with names of landlords, if appropriate.
7. Copies of brokerage account statements for 2-4 months, as well as lists of any other major assets of value, such as: a boat, RV, or stocks or bonds not held in a brokerage account.
8. Copies of your most recent 401K or other retirement account statement.
9. Documentation to verify additional income, such as child support or pension.
10. Copies of personal tax forms for the last 2-3 years.

Questions about the pre-approval process? Give a call!