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Mortgage Information – The Perfect Loan Application
Mortgage Calculator Santa FeLending institutions may ultimately require the following information for your final loan approval.
However, for pre-approvals, many lenders may take your application over the phone.
Employment
Addresses for the last two full years
Gross monthly income
W-2s, if available
Proof of pensions, retirement, disability or Social Security
Proof of income from rentals, investments, etc.
Year-to-date pay stubs
If self-employed:
1040 tax returns for the last two years
Current year profit & loss statement
Creditors
Monthly payments and approximate balances
Amount of child care expenses
Banking
Names and addresses of savings institutions
Types of accounts and present balances
Miscellaneous
List of assets in stocks, bonds, land
Life insurance cash value
Copy of sales contract if applicant is selling a home
Social Security numbers for all parties
Veterans – Certificate of Eligibility & DD-214
Copy of sales agreement if you are purchasing a home