What documentation do I need to apply for a mortgage?

By
Real Estate Broker/Owner with DeFranco Real Estate Corp.

 

 

Buying a home in is not so difficult if you know what is going to happen along the way. Before you start looking at houses and falling in love with the perfect home, apply for your mortgage and at least get a pre-approval. This will allow us to ensure you are seeing homes that you can afford. There is nothing more frustrating to a Buyer than to fall in love with the absolutely perfect home only discover you cannot afford it.

If you are not purchasing your home outright with cash, part of that process is obtaining a Mortgage. Since applying for your Mortgage can be confusing, we have assembled a list of all the documents you will need for your home mortgage application.

Having all of this information when you initially meet with your mortgage professional will speed the process along!

EMPLOYMENT DOCUMENTATION

  • Most recent two years complete tax returns with all schedules.
  • Most recent two years W-2's, 1099's, etc.
  • Most recent pay stubs covering one month period. If Applicable: Self-Employed will need Two years Tax Returns and YTD Profit & Loss Statement.

 

Read the rest of the story at What Documentation Buyers Need for a Mortgage Application

 

DeFranco Real Estate & Mortgage

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Show All Comments
Rainmaker
118,340
DDR Realty
DDR Realty - Newburgh, NY
Orange County NY
Good post. This is information the consumer needs to see. Especially first time home buyers who usually have many questions regarding financing.
December 17, 2007 07:06 AM #1
Rainer
103,798
Rosario Lewis
DDR Realty - Newburgh, NY
GRI, SRES - DDR Realty - Orange County, NY

The mortgage application process is an intimidating mystery to most consumers. Information like this is very beneficial.

December 18, 2007 06:28 AM #2
Rainer
25,001
Carl DeFranco
DeFranco Real Estate Corp. - Niagara Falls, NY
Buffalo Niagara Falls Real Estate
Derrick & Rosario, thanks!  
December 18, 2007 12:07 PM #3
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Rainer
25,001

Carl DeFranco

Buffalo Niagara Falls Real Estate
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