Nolo's Essential Guide to Buying Your First Home (86 page)

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Authors: Ilona Bray,Alayna Schroeder,Marcia Stewart

Tags: #Law, #Business & Economics, #House buying, #Property, #Real Estate

BOOK: Nolo's Essential Guide to Buying Your First Home
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Financial Information for Lenders
Here’s what you’ll need to pull together and photocopy when applying for loan preapproval or final approval. If you’re buying with someone else, both of you will need to give the lender every item on this checklist. The first nine items are normally required for preapproval and applying for any loan. You’ll need the rest when you’re doing the final loan application.
 
 
For loan preapproval
pay stubs for the last 30 days
two years’ tax returns and W-2s or business tax returns if you’re self-employed
proof of other income
proof of other assets (such as stocks or pension funds)
three months of bank records for every account you have
source of your down payment
names, addresses, and phone numbers of employers for the last two years
names, addresses, and phone numbers of landlords for the last two years
information about your current debts, including account numbers, monthly payment amounts, etc.
other records and documents ______________________
 
For final loan approval
copy of the home purchase contract
preliminary title report
property appraisal
proof of homeowners’ insurance
other records and documents ________________________
 

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