Applying for a mortgage and getting pre-approved can be a pretty confusing task. Lenders are going to look at all your finances to determine if you are going to be a reliable borrower. You should already know that you should have your credit score in order, make payments on time, work on paying off debt, and have a steady income. But what exactly do you need to bring to the lenders? What sorts of paperwork do they need to see? If you’re horribly organized (like me), it will give you a leg up if you know what you need before you go in. Check out this post by Whitney Watson at Loan Officer Lately for the documents you should prepare:
-Most recent 2 years of W-2s*
- Most recent 2 years of tax returns*
- Pay stubs for the last 30 days
- Your previous two months bank/financial statements for all accounts
- If applicable, complete bankruptcy documents (if discharged fewer than 10 years ago)