Home Financing Checklist

In assessing your needs and preparing to search for your new home, it is important to determine how much home you can afford and to secure loan pre-approval for that amount.

In order to make pre-approval quick and painless, you should have the following information when you meet with a loan officer:

  • Current paystubs and W-2’s for the past two years
  • History of employment for the past two years
  • Other income sources
  • Complete information – names, addresses, numbers and balances – regarding the following:
    • Checking accounts
    • Credit unions
    • Retirement accounts – IRA, 401K and Keogh
    • Investment and stock accounts​
    • Monetary gifts
  • Savings accounts
  • Complete information – names, addresses, numbers and balances – regarding the following
    • ​Current mortgages
    • Charge accounts
    • Personal loans
    • Student loans
    • Alimony and child support
  • Auto loans
  • If you are self-employed or a commissioned-employee, you may be required to provide the following as well:
    • Copies of federal tax returns from the past two years
    • Current balance sheet
    • Recent profit & loss statement

 

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