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Required Paperwork
To apply for a
loan, you will have to provide the lender with detailed documentation of your
financial history. The lender will request a credit report from a credit agency
and will verify the information provided in your loan application. Be prepared
to give your lender:
- Social Security numbers for both you and any co-borrowers
- Copies of checking and savings accounts statements for the past six months
- Evidence of any other assets such as bonds, stocks, or money saved in retirement programs (i.e.
401k or 403b program)
- Recent paycheck stubs
- W-2 withholding forms, or income tax returns for the past two years to verify your income and
proof of employment
- A list of all credit card accounts and the approximate amount you pay each month
- A list of account numbers and balances due on outstanding loans, such as car loans
- The name and address of someone who can verify your employment
- Residence history for the past two years
- Sales contract for the purchase of a new home
- Homeowner's association information with contact information if property is a condo or part
of a homeowner's association
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